Banking Infrastructure

LHV UK, a banking services provider to over 200 FinTech and crypto companies, has raised €35m in funding, as it applies for a UK banking licence.

Sanlo, which provides financial services to gaming and app companies, has collected $10m in its Series A, alongside the launch of a $200m investment fund for game developers.

Line, a company building a modern inclusive financial network, has raised $25m in Equity and Debt, in a funding round led by Massive.

Buy Now, Pay Later (BNPL) healthcare startup Walnut has raised $110m in a Series A funding round led by Gradient Ventures.

Garentii, a Germany-based security deposit replacement insurance MGA, has raised €1.9m in seed funding led by Greenlight Re.

Financial institutions have a “resilience paradox” that is costing them up to 50% of their revenue, according to a study from global infrastructure and connectivity provider BSO.

Over two thirds of consumers want their bank or financial institution to become more sustainable in future, according to a new report from cloud banking platform Mambu.

Financial institutions across Europe are “betting big” on open banking payments, according to new research from European open banking platform Tink, citing tangible benefits for merchants and their end users.

Gridwise, an app that helps drivers and couriers manage their earnings, has raised $12.7m in a funding round.

Jetty, a financial service company on a mission to make renting a home more affordable, has received an investment from PayPal Ventures and Experian Ventures.