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/security

Confirmation of Payee startup SurePay raises €12.2 million

SurePay a Rabobank spin off providing Confirmation of Payee (CoP) in the UK and Benelux, has raised a €12.2 million round led by Connected Capital with Iris Capital, joining Rabo Frontier Ventures to boost the company’s international expansion

/startups

Point raises $46.5 million to give millennials a rewards-based alternative to credit cards

Reward-based debit card startup Point has closed a $46.5 million Series B funding round led by Peter Thiel's Valar Ventures.

/payments

Manchester's BankiFi secures £2.2 million investment

BankiFi, a fintech business specialising in payment processing and financial administration services for SMEs, has secured a £2.2m investment in a funding round led by Praetura Ventures, with participation from the Greater Manchester Combined Authority (GMCA).

/startups

Wombat to raise £10 million to expand into Europe

UK-based micro-investing platform Wombat Invest has appointed David Davies, former CIO at Hargreaves Lansdown, and ex-eToro MD Iqbal Gandham to its advisory board as it prepares to raise a £10m Series A funding round to support its forthcoming expansion into Europe.

/payments

SoftPOS vendor Phos raises €2 million

SoftPOS finech startup Phos has secured €2 million in funding as it plots a course to a Series A round later in the year.

/startups

Japanese technology giant Glory backs shared banking hubs startup OneBanks

Japanese technology group Glory is to become a cornerstone investor in OneBanks, a UK startup which has developed a low cost pop up kiosk which could replace bank branches in towns and communities where conventional bank branches have all but disappeared.

/crypto

Bitpanda soars to $4.1 billion valuation on $263 million financing round

Vienna-based digital investment platform Bitpanda is now valued at $4.1 billion after a $263 million round led by Valar Ventures.

/startups

Splashup bags $150,000 Safe Note from CBA's x15ventures pitch day

Aussie ecommerce startup Splashup has emerged as the winner of Commonwealth Bank's X15ventures annual startup pitch event, bagging a commitment from the venture scaling entity to buy $150,000 worth of shares in a future pricing round.

/startups

'Personalised credit' startup Keebo raises £5 million in seed funding

Keebo, a credit card startup that applies Open Banking data and behavioural science to provide a personalised credit line for consumers, has raised £5 million in seed funding.

/crypto

Institutional crypto platform FalconX achieves $3.75 billion valuation

FalconX, a one-stop-shop for institutional cryptocurrency market participants, has closed a $210 million Series C financing round, valuing the company at $3.75 billion.

/startups

India's BharatPe achieves Unicorn status on $370 million funding round

Indian merchant payment operation BharatPe has achieved a $2.85 million valuation on a $370 million funding round led by US investment group Tuiger Global.

/payments

Reserve Trust secures $30.5 million Series A

Reserve Trust, an alternative to banks for companies wanting to access real-time payment rails, has secured a $30.5 million Series A investment, led by QED Investors with participation from FinTech Collective and Ardent Venture Partners

/startups

Brazil's Nubank co-leads $45m round in Indian neo bank Jupiter

Braizillian neo bank Nubank has co-led a $45 million round in Indian equivalent Jupiter, valuing the pre-launch startup at $300 million.

/startups

Aviva and Nationwide join £2.5 million round in mortgage broker Tembo

Tembo Money, a mortgage broker for first-time buyers, has raised £2.5 million, with backing from Aviva and Nationwide.

/crypto

Turnkey platform for digital asset investing Aspen Digital raises $8.8 million

Aspen Digital, a digital asset investment platform designed to remove the pain points for crypto-inspired institutional investors, has secured $8.8 million in pre-A funding.

/payments

Rapyd snags its second $300 million raise this year

Payments-as-a-service platform Rapyd has raised $300 million in Series B funding with the aim of making strategic acquisitions to support expansion in key growth markets.

/payments

PayPal invests in Vietnam's VNLife

PayPal has joined a $250 million round in Vietnamese fintech VNLife

/startups

Element Ventures bags $130 million for B2B fintech fund

Element Ventures, a B2B fintech-focused venture capital firm, has pulled together a $130 million fund with backing from a heavyweight line up of fintech founders and financial services executives.

/startups

Snoop raises £15 million to fund international expansion

Founded by former Virgin Money chief Jayne-Anne Gadhia, smart money app Snoop has secured £15 million in Series A funding from American investment management firm Paulson & Co. Inc.

/retail

Finleap connect acquires Spanish Open Banking platform provider MyValue Solutions

Germany's finleap connect has acquired Spanish Open Banking platform MyValue Solutions.