UK banks are being forced to get to grips with FinTech thanks to a package of measures being imposed by the Competition and Markets Authority (CMA).
London-based remittances startup TransferWise is entering the Asian market and launching in Japan. It follows news that the company saw its revenues triple last year but increased it losses.
Afrimarket, a cash-to-goods money transfer service focused on French-speaking Africa has raised €10m ($11m) from UK-based Global Innovation Fund and PROPARCO.
WeLab is proving that despite negative press and tough new regulations in the region, investors still see big potential in the space landing a $25m credit facility note from Dutch bank ING.
Payments processing firm Payworks has raised $4.5m in a Series A round of funding from Rumford and HW Capital. Existing backer Speedinvest also join the round.
Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner Pamir Gelenbe.
Iatai Enterprises, a FinTech and InsurTech company serving Latin America and the Caribbean, has raised $5m in a funding round. The capital comes from private equity fund CASEIF III LP.
Northzone, a Scandinavian VC firm that’s backed FinTech startups including iZettle, MarketInvoice and Klarna, has raised €300m ($335m) for its new fund.
French private equity firm BlackFin is beefing up its FinTech talent and hiring two new team members to head up its dedicated venture fund.
Real estate crowdfunding platform iFunding is paying $150,000 to settle a lawsuit brought against it by a shareholder.
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