Tag: Banking

French FinTech startup Nalo completes new funding deal

French FinTech startup Nalo has secured a new funding deal, which was led by Mandalore Partners, an asset manager focused on insurance and savings.

Banking alternative for Web3 Nebeus beats crowdfunding goal

Nebeus, a banking alternative for Web3 that integrates traditional banking and cryptocurrencies, has reached its crowdfunding target of €1.1m.

Clear Street closes second tranche of $435m Series B

New York-based independent prime broker Clear Street has been valued at $2bn following the close of a $270m investment from growth equity firm Prysm Capital.

Impact-as-a-service startup Spiral closes Series A

Spiral, which claims to be a pioneer of ‘impact-as-a-service’, has secured $28m for its Series A round, as it looks to expand across the US.

UBS to buy Credit Suisse in $3.25bn deal

Financial Services major UBS is set to acquire rival bank Credit Suisse in a $3.25bn deal as it hopes to help prevent a banking crash.

Payroll for flexible workers Wingspan nabs $15m

Wingspan, which claims to be the first payroll system purpose-built for flexible workers, has secured $14m in its Series A round.

Ibanera lands $18.5m in capital investment

Digital banking and payments firm Ibanera has raised $18.5m in a funding round to enable itself to keep support its BitLine business line.

Embedded finance platform Railsr completes recapitalisation

Embedded finance platform Railsr has been purchased and re-capitalised by a consortium led by D Squared Capital.

UK FinTech giant Revolut records first full year of profitability

UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.

Varo Bank names Wook Chung as CPO

Varo Bank, the first all-digital, nationally chartered consumer digital bank in the US, has named Wook Chung as its chief product officer.

Download the free AIFinTech100 report


Download the AIFinTech100 report for 2022 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week