Latest Findex News: Finextra Research

Israeli BaaS player Unit raises $100 million to expand into credit markets

Israeli banking-as-a-Service platform Unit has raised $100 million in a Series C round led by global software investor Insight Partners.

19 May 2022

News/retail

Thought Machine doubles valuation to $2.7 billion

UK core banking vendor Thought Machine has doubled its valuation to $2.7 billion on a $160 million funding round led by Singapore's Temasek with support from a clutch of top tier banks.

18 May 2022

News/payments

Embedded payments platform Modulr snags £83 million in Series C funding

Payments-as-a-Service platform Modulr has raised £83 million in a Series C funding round led by General Atlantic.

18 May 2022

News/startups

Dutch BNPL player in3 raises $85.3 million

Dutch buy now, pay later outfit in3 has raised $85.3 million in debt and equity and struck a deal with payments firm Mollie to bring its services to more merchants.

18 May 2022

News/startups

Upfin raises €30m for early-stage Nordic fintech fund

Upfin, a new VC dedicated to supporting the Nordic fintech community, has raised €30 million to invest in early-stage startups across the region.

18 May 2022

News/startups

Former PayPal execs deploy $158 million fintech venture fund

Founded by a trio of former Paypal executives, Inifinity Ventures has raised £158 million for its inaugural early-stage fintech venture fund.

18 May 2022

News/startups

Revolut's Nik Storonsky to launch AI-driven VC fund

Revolut co-founder Nik Storonsky is to launch his own venture capital fund, using advances in artificial intelligence to identify potential future unicorns.

17 May 2022

News/startups

Recognise Bank seals £8.7 million capital raise

Digital SME banking startup Recognise Bank has completed an £8.7 million capital raise from City of London Group, the bank's parent company.

17 May 2022

News/startups

Jay-Z and Citi Ventures invest in Altro

Credit building startup Altro has raised $18 million with support from Jay-Z and Citi Ventures.

17 May 2022

News/crypto

Relai hits €2 million in Crowdcube's first bitcoin-centric raise

Undeterred by the current crypto market rout, Swiss fintech startup Relai has raised €2 million from more than 750 investors in Crowdcube's first bitcoin-centric funding round.

16 May 2022

News/crypto

Barclays and Goldman Sachs invest in digital asset platform Elwood

Barclays and Goldman Sachs have joined in a $70 million funding round in Elwood Technologies, the intsitutional-grade digital asset platform founded by British hedge fund billionaire Alan Howard.

16 May 2022

News/crypto

Former regulators join $45 million round in crypto risk platform Solidus Labs

Solidus Labs, a digital asset risk surveillance firm founded by ex-Goldman Sachs engineers, has secured a $45 million B round led by Liberty City Ventures and joined by Evolution Equity Partners, Declaration Partners, and angels including former US Acting Comptroller of the Currency Brian Brooks and former CFTC Chairman Christopher Giancarlo.

16 May 2022

News/payments

Open banking payments firm Token seals $40 million raise

Token, an open banking platform driving the shift from card to account-to-account bank payments in Europe, has raised $40 million in a Series C funding round co-led by Cota Capital and TempoCap.

13 May 2022

News/payments

Egypt's Paymob closes $50 million funding round

Egyptian digital payments provider Paymob is to further its expansion into new markets across the Middle East and Africa region after receiving a $50 million cash injection in a funding round led by Kora Capital, PayPal Ventures, and Clay Point.

12 May 2022

News/payments

Paddle becomes the UK's latest tech unicorn on $200 million funding round

Paddle, the provider of payments infrastructure for SaaS companies, has raised $200m in Series D equity and debt financing at a valuation of $1.4bn, making it the UK’s latest unicorn.

10 May 2022

News/payments

Poste Italiane invests $27 million in BNPL unicorn Scalapay

Italian BNPL unicorn Scalapay has secured a $27 million investment from Poste Italiane, one of the largest payment card issuers in Europe.

03 May 2022

News/inclusion

Indian neobank Kaleidofin closes second tranche of $15 million Series B

Kaleidofin, an Indian neobank trageting the country's vast unbanked population, has closed the second tranche of its $15 million Series B equity round led by the Michael and Susan Dell Foundation.

03 May 2022