Tag: Banking

Thought Machine, a cloud native core banking technology platform, has scored $200m in its Series C funding round.

Allica Bank, an SME challenger bank, has collected £110m in its Series B funding round, as it extends its loan book beyond $1bn.

Tot, a banking platform for companies, has reportedly secured €2m in seed funding, as it prepares to enter the market in 2022.

Productfy, a banking as a service platform that offers embedded financial products, has raised $16m in its Series A funding round.

The UK’s first neo bank aimed at the mass affluent market has finally launched after the regulators lift restrictions over its on deposit taking.

Swap, a bank-as-a-service platform based in Brazil, has capitalised on its 300% customer base growth with the close of a $25m Series A investment.

India-based neobank Fi has reportedly raised $50m in Series B funding, marking its second fundraise of the year.

Zolve, a banking platform aimed at helping immigrants build financial futures, has closed its Series A on $40m, raising its valuation to $210m.

A report from banking platform Mambu and Google Cloud has claimed AI will ‘reshape the world of banking as we know it’ and deliver more personalised experiences.

Brex, a business banking platform, has reportedly reached the highly covered decacorn status after a $300m investment puts its valuation at $12.3bn.