Sector Updates

fintech-news

Funding Circle gets an extra £40m from UK gov to lend

UK peer-to-peer lender Funding Circle is expanding its partnership with the government-run British Business Bank Investments and receiving £40m to lend to small businesses.

Para?Ÿ?t grabs $2m for SME bookkeeping

Turkish bookkeeping software firm Para?Ÿ?t has picked up $2m in a Series B round of funding. Istanbul-based VC fund manager Diffusion Capital Partners led the round.

TravelBanks files $10m for employee expenses app

Employee travel expenses app TravelBank has raised $10m in its Series A round led by NEA. Accel Partners also invested in the San Francisco-based startup.
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WealthForge looks for $2.5m through convertible note offering

Private fundraising technology provider WealthForge is planning to take on another $2.5m in capital through a convertible note offering.
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Huddlestock grabs $1.5m for crowd-based trading

Crowd-trading platform Huddlestock has raised $1.5m in a seed round of funding. The capital comes from a number of Norwegian family offices and private investors.

SelfScore pockets $7.1m to serve international students

SelfScore, a financial services startups for international students, has raised $7.1m in a new round of funding led by Pelion Venture Partners.

Standard Charted rolls out biometric technology

Standard Chartered is rolling out a suit of biometric technologies across Asia, Africa and the Middle East.
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Square beats Wall Street expectations, reports 41% revenue jump

Mobile payments company Square beat Wall Street’s expectations to report a 41% year-on-year jump in revenue for the second quarter of 2016.
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TransferWise gains direct access to the UK’s Faster Payments Services

London-based remittance startup TransferWise is gaining access to the UK's Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.
India-based lending mobile app KreditBee bags $80m

India-based lending mobile app KreditBee bags $80m

India-based lending mobile app KreditBee has reportedly collected $80m as part of an ongoing Series D funding round.

News Stories

Over $3bn raised in this week's 29 FinTech funding rounds

Over $3bn raised in this week’s 29 FinTech funding rounds

Over $3bn was raised by FinTech companies this week, supercharged by a colossal €1.5bn raised by UK-based SumUp. 
Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena, a pioneering FinTech company known for its cloud-native, API-led microservices-based multi-product platforms, has appointed Rajesh Mehta to its Growth Advisory Board.
League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League Data and Mambu have embarked on a groundbreaking journey to transform the Canadian financial landscape by introducing advanced cloud banking solutions to credit unions.
Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint, known as the world's most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English, an online English-learning platform operating in over 30 countries, and dLocal, a leading cross-border payment platform specializing in high-growth markets, have recently announced a significant partnership.

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