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/payments

iBanFirst on course for post-Covid growth with €21 million raise

French VC Elaia and national investment bank Bpifrance, have joined a €21 million funding round in B2B multi-currency payments platform iBanFirst.

/payments

Apexx Global beats lockdown gloom with $8 million Series A

UK-based payments platform Apexx Global has sealed a $8 million Series A funding round with contributions from new and existing investors in the UK and Scandinavia.

/startups

Trio of top banks join $27 million funding round in H4

Digital documentation firm H4 has received $27 million in funding from a consortium including JPMorgan, Goldman Sachs, Barclays and Linklaters.

/retail

Nymbus raises $12m

Cloud-based core banking provider Nymbus has raised $12 million in a financing round led by major shareholders Insight Partners and Vensure Enterprises.

/startups

Tabby to launch in Saudi Arabia with $7 million funding

UAE-based buy now, pay later startup Tabby has secured a $7 million investment to support its launch in Saudi Arabia.

/retail

Swiss financial software house Appway raises $37 million

Appway, a Swiss firm that provides software to boost digital transformation programmes for banking clients, has secured a $37 minority investment from Summit Partners.

/payments

Goldfinch acquires 80% of Vesta for $125 million

Venture capital firm Goldfinch Partners has spent $125 million to acquire an 80% stake in fraud protection and e-commerce payments outfit Vesta.

/startups

Fintech marketplace Stackin secures $12.6 million ahead of UK launch

Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.

/retail

Starling Bank raises £40 million as SME banking business picks up

Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.

/startups

Santander InnoVentures invests in Latin American SME lender a55

The venture capital arm of Banco Santander has led a $5 million round in a55, an alternative lender to SMEs is Brazil and Mexico.

/retail

Bank customers join €8.5m funding round in Meniga

Digital banking vendor Meniga has closed an €8.5m funding round led by customers Groupe BPCE, and including Portugal’s Grupo Crédito Agrícola and UniCredit.

/inclusion

GoBear raises $17 million for underbanked play

Singaporean financial services platform GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.

/startups

B2B credit network Fundbox secures fresh investment from MUFG

US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.

/sustainable

Socially conscious bank Aspiration raises $135 million

Socially conscious US neobank Aspiration has closed a $135 million Series C investment round, as consumers increasingly shop around for climate neutral financial products.

/startups

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures.

/payments

Visa invests in analytics outfit GoodData

Visa has made an investment in, and formed a strategic partnership with, analytics company GoodData. Details of the investment, made through Visa Ventures, were not disclosed.

/startups

AI-based financial comparison site monva crowdfunds £502,320

Welsh fintech monva has doubled its crowdfunding target, attracting 799 investors and raising over half a million pounds for a new AI-powered financial comparison service.

/startups

London WealthTech Smarterly raises £7 million

Digital WealthTech firm Smarterly has raised £7 million in a Series A funding round led by Major Oak and topped up by angel and crowdfunding investors.

/retail

Monzo seeks fresh funding as Covid-19 decimates valuation

UK neobank Monzo is seeking fresh funding at a reported 40% discount on its previous valuation, according to the Financial Times.

/markets

Citi and HSBC join $10.5 million round in FX marketplace Spark

Citi and HSBC have joined a $10.5 million funding round in Singapore-based low latency foreign exchange trading technology venture Spark Systems.