WealthTech

London-based VC firm focusing on FinTech startups Illuminate Financial has closed a $100m round with backing from JP Morgan Chase and Barclays.

Multi-asset investing and trading platform eToro plans to go public through a merger with SPAC FinTech Acquisition Corp. V backed by Betsy Cohen, valuing the equity of the combined firm at around $10.4bn.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

Cryptocurrency investing platform Bitpanda has reportedly hit a $1.2bn valuation after it closed a hefty $170m Series B round.

Cryptocurrency-focused enterprises, cybersecurity firms, challenger banks and InsurTechs were among the big winners of the 31 FinTech funding rounds reported last week.

UK-based digital bank Starling Bank has introduced debit cards made of recycled plastic in a bid to boost its sustainability goals.

Zeller, which offers an alternative to business banking, has reportedly revealed that it collected $25m in its Series A last year.

Mexican challenger bank Fondeadora has reportedly added an additional $14m to its Series A round.

Online payments technology provider Stripe raised a new $600m funding round that values the company at $95bn, nearly tripling from $36bn since April 2020.

UK-based DIEM, which claims to be a circular economy-oriented FinTech startup, has completed a $5.5m seed round.