Sector Updates

Digital mortgage lender Better.com rakes in a $500m round led by SoftBank

Digital mortgage lender Better.com raised a massive $500m round from Japanese investment conglomerate SoftBank that values the New York-based company at $6bn up from $4bn in November.

Nordic Capital-backed payments firm Trustly to go public

Swedish payments firm Trustly intends to list its shares on the Nasdaq Stockholm exchange.

Chinese regulator slaps $2.75bn anti-trust fine on Alibaba

Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.

Vybe bags $2.9m to launch teen challenger bank

French FinTech startup Vybe has raised $2.9m from a funding round to build a challenger bank service for teenagers.

Tines scores $26m Series B to aid security automation platform launch

Irish cybersecurity enterprise Tines has closed a $26m Series B funding round to speed-up the development of its no-code security automation platform.

Israeli FinTech TipRanks scores $77m from financing round

Tel Aviv-based stock research platform TipRanks has secured $77m from a recent financing round led by Prytek and More Investment House.

Payments provider Paymob scores largest Series A round in Egypt of $18.5m

Egyptian FinTech startup Paymob completed an $18.5m Series A led by Dubai-based VC firm Global Ventures.

Atom Bank valuation halves after £40m funding raise, gears up for future IPO

UK challenger Atom Bank has established a £40m fund raise at 60p-a-share, which is just under half the price it raised equity in in 2019.

SEC warns against misleading projections by companies going public via SPAC

US regulator warned that companies going public through special purpose acquisition companies (SPAC) deals must refrain from publishing misleading statements about their potential growth.

eflow Global launches major update to its regulatory reporting tool

UK-based RegTech company eflow Global has launched a major update for its regulatory reporting hub, TZTR.

News Stories

FinTech

Another strong week for FinTechs with 26 deals recorded

FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal...
FutureMoney launches micro-investing app to help families secure financial future

FutureMoney launches micro-investing app to help families secure financial future

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth.
Camwood and Pentaho team up to enhance data analytics capabilities

Camwood and Pentaho team up to enhance data analytics capabilities

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering.
Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.
Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla, a leading U.S.-based account-to-account (A2A) payment solution provider, has announced a strategic collaboration with Visa, a world leader in digital payments.

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