SoFi is expanding into banking with the acquisition of mobile-banking startup Zenbanx. The company will pay around $100m for the startup
It’s not just big banks and corporations fintech startups are trying to serve. Small and medium sized enterprises (SMEs) offer a massive market for FinTech companies.
Online small business lender Spotcap has inked a partnership with New Zealand’s Heartland Bank and secured €14m in funding to expand around the region.
Derivatives risk analytics company OpenGamma has landed a $1m from Japan Exchange Group (JPX) in exchange for a minority stake in the business.
Pan-African digital currency payments startup BitPesa has secured $2.5m in a Series A round to expand across the UK, Europe and West and Southern Africa.
Alternative finance platform Crossflow Payments has landed an investment from Calibrate Management.
Mortgage lender Nexera Holdings has received a ‘significant growth investment’ from funds affiliated with global private equity firm Warburg Pincus.
Indonesia’s Bank Central Asia (BCA) is set to invest $15m in FinTech companies as it looks to reach more of the South-East Asian nation’s unbanked consumers.
BNP Paribus Securities Services has invested in compliance startup Fortia giving the BNP Paribus subsidy a minority stake in the business.
Predictive analytics startup aimed at the financial services industry Earnix has raised $13.5m in a new round.
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