Tag: FinTech funding

South African banking-as-a-service (BaaS) company Jumo has bagged $120m from a recent funding round co-led by Visa, Fidelity Management and Kingsway.

A study by Findexable and has found that only 1.5% of over a 1000 FinTech companies are founded solely by women and receive just 1% of total venture funding.

Credit card business Deserve has secured an undisclosed strategic investment from Visa as the former seeks to expand access to its credit-card-as-a-service solution.

SME financing solution Capital on Tap has secured a £450m funding facility to help foster further growth in the UK.

A recent report by FinTech Saudi has found how Saudi Arabia’s FinTech market has seen a 37% hike in new companies with investment exceeding SAR$1.3bn ($347m).

Sparkle has secured $3.1m in seed funding to expand the reach of its mobile-first digital bank service.

FinTech startup B9 has secured $5m in seed capital and has doubled its year-end customer acquisition target.

Texas-based Otto has raised $4.5m from a seed funding round led by venture capital firm Uncommon.

Israeli FinTech startup Futora has secured $6m in funding to fund product development and build out its sales processes in Europe and the US.

Canadian firm Coconut Software has secured $22m from a Series B funding round.