Finxact bags $12m for core Banking-as-a-Service
Core banking-as-a-Service company Finxact has secured $12m in one of the largest FinTech Seed funding rounds to date.
Token takes $15.7m to get banks ready for PDS2
Open banking compliance platform Token has secured a $15.7m investment from investors as the introduction of PDS2 nears.
Meniga picks up €7.5m to help banks adapt to FinTech
Digital banking platform Meniga has picked up €7.5m in a round led by Nordic VC Industrifonden. Existing backers Velocity Capital, Frumtak Ventures and Kjolfesta also participated.
Warburg Pincus takes stake in core software firm Avaloq
Private equity firm Warburg Pincus is acquiring a 35% stake in Swiss financial software firm Avaloq. The deal will see Warburg Pincus pump a reported $300m into the Zurich-based company.
Full-stack FinTech provider Jirnexu closes Series A with $4.5m
Kuala Lumpur-based FinTech provider Jirnexu has closed its Series A round with $4.5m in the bank. The round is finishing up with a $1.5m investment following on from the $3m Jirnexu raised in May 2016.
German banking platform solarisBank swipes €26.3m
German banking platform solarisBank has raised €26.3m in a Series A funding round after just a year in business. Arvato Financial Solutions and Japanese banking firm SBI Group led the round.
Vista to buy DH Corp and merge it with Misys
Canadian financial software-provider DH Corp (D+H) is being taken private through an acquisition by private equity group Vista Equity Partners.
Nymbus takes $16m for core banking tech
Financial core technology provider Nymbus has raised $16m in a new round led by Home Credit Group.
OpenFin takes $15m from Wall Street firms
New York-based startup OpenFin has landed $15m in its Series B round from a host of Wall Street firms and their venture arms for its financial desktop applications operating layer.
TrueLayer bags $1.3m to let devs plug into banks
Connect Ventures led the round for the London-based startup with Graph Ventures and individual angel investors also participating.
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