Findex

4073 articles tagged with this keyword

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Mash Group to issue security tokens as part of EUR50 million financing round

Mash Group Plc, a Finnish FinTech company specializing in consumer lending and pay later solutions , today announced that pre-registration has begun for a Securitized Token Offering (STO).

/startups

AXA rebrands £55 million fund to invest in fintech

AXA Investment Management is restructuring its £55 million Framlington Financial fund to invest in fintech companies.

/startups

NAB and Westpac invest in smart receipt startup Slyp

Australian smart receipt startup Slyp has raised $2 million in a seed funding round led by NAB Ventures with support from Westpac’s venture capital arm, Reinventure.

/startups

Dubai investment firm plans $100m fintech fund

Dubai-based Alcazar Capital Limited (ACL) is teaming up with Fintech Consortium’s investment arm, InQvest Partners, to launch a $100 million global fintech fund.

/ai

Allianz Artificial Intelligence Fund passes EUR1bn AUM bar

The Allianz Global Artificial Intelligence equity fund has passed the EUR 1bn bar in assets under management, reflecting both retail and institutional investors’ strong interest in this strategy.

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DNB takes five percent stake in 11:FS Foundry

Norway's DNB has invested £3 million for a five percent stake in a new digital banking toolset developed by consultancy 11:FS.

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Berlin-based business banking startup Penta raises EUR7 million

Berlin based Penta, a challenger bank for startups and small businesses, has completed a €7 million investment round, funded by existing investor Inception Capital.

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Swiss stock exchange takes stake in digital asset startup PassOn

The Swiss stock exchange has taken a minority stake in pre-ICO start-up PassOn AG as part of its strategy to build a digital asset custody ecosystem.

/payments

PayActiv raises $20 million

PayActiv, the largest provider of employment-based holistic financial wellness services, has raised $20 million from Generation Partners in a Series B financing round.

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Clearmatics raises $12 million for blockchain R&D

Blockchain R&D firm Clearmatics has raised $12 million as it prepares for the launch of a Protocol Provider service next year to support the go-to-market of the Utility Settlement Coin Project, a consortium of 17 banks and financial institutions creating a new digital cash instrument collateralised by central bank money.

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Aspiring blockchain bank Babb completes £1.4m Crowdcube raise to support banking licence application

BABB has successfully completed its equity crowdfunding through Crowdcube, raising more than £1,400,000 from 1,232 investors.

/payments

Microsoft to make strategic investment in Grab

Microsoft Corp. and Grab, the leading on-demand transportation, mobile payments and online-to-offline services platform in Southeast Asia, announced a strategic partnership that will transform the delivery of digital services and mobility in the region by leveraging Microsoft’s world-class expertise in machine learning and other artificial intelligence (AI) capabilities.

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HIG Capital sells stake in FNZ

H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €24 billion of equity capital under management, announced today that one of its affiliates has entered a definitive agreement to sell its stake in FNZ (“FNZ” or the “Company”), the market leading Platform-as-a-Service (“PaaS”) provider to the European wealth management industry, to Caisse de Depot et Placement du Quebec (“CDPQ”) and Generation Investment Management LLP (“Generation”) (“CDPQ-GIM”) in a transaction valuing the Company at £1.65 billion.

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Tencent buys minority stake in Brazil's Nubank

Chinese ec-ommerce powerhouse Tencent is extending its interest in the banking sector with a $180 million investment in Brazilian neobank Nubank.

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Germany’s Aareal Bank to acquire a stake in London-based real estate platform BrickVest

As part of its digitisation growth strategy, Germany’s Aareal Bank Group has announced its intention to acquire a stake in BrickVest, the London-based leading European online platform for commercial real estate investments.

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Wirecard aims for EUR10 billion revenue goal by 2025

Wirecard, the global innovation leader for digital financial technology, today announces its Vision 2025, setting out its targets for 2025 transaction volume, revenues and EBITDA.

/startups

Kooltra banks $6.5 million in funding to streamline foreign exchange trading

Kooltra, a cloud platform that helps financial institutions and non-bank firms modernize and automate foreign exchange (FX) operations, announced today it has completed a $6.5 million CAD investment round from Hyde Park Venture Partners, Round 13 Capital, Salesforce Ventures and existing investor Real Ventures.

/startups

Insurtech Hokodo raises €1.9M led by Anthemis

Hokodo, a London & Paris based technology start-up providing B2B marketplaces and accounting platforms with small business insurance via easy-to-integrate APIs has raised €1.9M in seed funding. Hokodo’s Seed round was led by Anthemis, Europe’s leading VC focused on Fintech and Insurtech investments.

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Social trading app Pelican returns to Seedrs for new funding round

Pelican, the only mobile first, multi-broker network regulated by the FCA, designed for retail traders and investors alike, has announced its latest funding round.

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Arachnys snags $10 million in funding

Due diligence technology house Arachnys has scored a $10 million funding round led by QED, as banks the world over react to growing regulatory pressure for stronger anti-money laundering controls.