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/payments

Migrant remittance network TransferGo seals $50 million funding round

London-based remittance outfit TransferGo has closed a $50 million Series C round led by Elbrus Capital and Black River Ventures.

/wealth

Robo-advisory firm Betterment reaches unicorn valuation

Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

/payments

Ascend Money becomes Thailand's first fintech unicorn

Ant-backed Thai fintech firm Ascend Money has hit a $1.5 billion valuation on a $150 million funding round.

/startups

Braintree vets bring embedded finance platform out of stealth with $54 million raise

Highnote, a card issuing startup founded by a pair of Braintree veterans, has emerged from stealth mode with $54 million in combined funding from both a Seed and Series A round.

/startups

BaaS platform Swan to expand internationally on $16 million funding round

French banking-as-a-service platform Swan has secured a $16 million equity raise in a funding round led by Accel.

/crypto

Ziglu returns to the crowd for £1 million raise

Ziglu, the crypto payments app from former Starling Bank co-founder and CTO Mark Hipperson, has returned to Seedrs with the aim of raising £1 million from crowdfunding investors.

/sustainable

Carbon calculator Doconomy raises $17 million

Mastercard-backed carbon tracking app Doconomy has raised $17 million in a funding round led by CommerzVentures.

/payments

Zip enters India with $50 million investment in ZestMoney

Australian buy now, pay later platform Zip has invested $50 million in Indian BNPL firm ZestMoney, amid predictions that the subcontinent will emerge as the largest market in the world for credit-on-tap over the next five years.

/payments

Pine Labs nabs $100 million investment from Invesco

Riding the BNPL wave, Mastercard-backed Indian merchant commerce platform Pine Labs has picked up a fresh $100 million investment from Invesco's Developing Markets Fund

/payments

TrueLayer joins the Unicorn club on $130 million funding round

UK Open Banking platform TrueLayer has raised $130 million with investment from Tiger Global and Stripe.

/retail

Monese moves into banking-as-a-service space

Mobile banking startup Monese is to move into the banking-as-a-service space on a new funding round from Investec, who will adopt the BaaS platform to deliver its digital current account offering in the UK

/payments

Goldman Sachs leads $160 million round in Form3

Cloud native payments-as-a-service platform Form3 has raised $160 million in a funding round led by Goldman Sachs as it prepares to launch into the US market.

/crypto

Citi leads $15 million round in digital assets data firm Amberdata

Citi has led a $15 million round in digital assets data company Amberdata, reflecting growing institutional interest in crypto markets

/retail

Plum bids to triple valuation on latest crowd round

Money management app Plum is aiming to triple its valuation with the launch of a crowdfunding campaign at the end of September combined with a raise via institutional investors.

/startups

Former Wise employees snag $8.5M for multicurrency investing app

Lightyear, a commission-free investment platform founded by two early Wise employees, has bagged $8.5M of funding alongside the launch of its app as the company starts to onboard UK customers from its waiting list.

/payments

Indonesia's Xendit becomes Southeast Asia's latest Unicorn

Digital payments infrastructure provider Xendit has nabbed a $150 million Series C that elevates the company to a short list of Southeast Asia unicorns.

/startups

Qed builds $1.05 billion fintech war chest

Fintech-focused venture capital firm Qed Investors has closed on two new funds with $1.05 billion on hand to invest in early stage startups and more established players.

/sustainable

Climate card startup ekko opens crowdfund campaign

Capitalsing on consumer concern about climate change, fintech startup ekko has opened a crowdfunding campaign on Seedrs for a new debit card that beds sustainability into every transaction

/regulation

SaaS RegTech PassFort closes on $16.2 million Series A

London-based SaaS RegTech provider PassFort has closed a $16.2 million Series A funding round.

/retail

Peaks raises €5 million on Rabobank exit

Dutch digital investment platform Peaks has received €5 million in growth capital from Haerlem Capital & Rithmeester, who have snapped up a stake previously owned by Rabobank Frontier Ventures.