Tag: Tencent

Key European FinTech investment stats in Q1 2024: • European FinTech deal activity totalled at 333 deals in Q1 2024, a 41% reduction from the...

• UK FinTech deal activity totalled at 118 deal in Q1 2024, a 40% drop from Q1 2023 • UK FinTech companies raised a combined...

In a significant development within the FinTech sector, the digital bank Monzo is reportedly on the verge of enhancing its financial and global stature through a strategic stake sale.

Monzo, the UK's largest digital bank, boasting over nine million customers, has closed a funding round, raising $430m.

Monzo is on the brink of securing a new funding round that could see the British digital bank's valuation soar to approximately £4bn.

Primer, the unified infrastructure for global payments and commerce, has recently announced a new investment from Tencent, one of the world's foremost internet companies.

Reask, an innovative company leveraging artificial intelligence (AI) to interpret and predict extreme global weather conditions, announced a successful investment funding total of $6.55m.

Tyme, a leading digital banking group globally recognised for its swift expansion, has successfully secured a funding round of $77.8m.

Curacel, an infrastructure provider operating across Africa, has raised $3m in seed funding to power the next generation of insurance experience in Africa.

Satispay, a Milan-based payment network, has raised €320m in Series D funding, exceeding a €1bn valuation.