Latest Findex News: Finextra Research

Barclays invests in financial software development platform Beacon

Barclays has joined in a Series A funding round for Beacon Platform, which offers a a suite of applications for financial software development teams.

10 September 2018

Company update/Findex

Augmentum Fintech joins £2.5 million raise in rent-to-own-outfit Unmortgage

Augmentum Fintech plc (LSE: AUGM) (“Augmentum” or the “Company”), one of Europe’s leading fintech venture capital investors, announces an investment of £2.5 million in UK-based residential rent-to-own specialist Unmortgage, as part of a £10 million fundraising.

10 September 2018

Company update/Findex

Portal Finance raises $1.6 million seed from Magma; $200 million debt commiment from BTG Pactual

Portal Finance, an invoice-backed finance company that streamlines access to capital for small- and medium-sized businesses in Latin America, raised US$1.6 million in a seed investment round led by the US-Latin America venture capital fund, Magma Partners.

06 September 2018

Company update/Findex

South African mPOS supplier Yoco secures Series B raise of $16 million

Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank) and existing Series A investors Quona Capital and Velocity Capital.

06 September 2018

News/Findex

OakNorth nabs $100 million to accelerate tech supplier ambitions

UK challenger bank OakNorth has raised $100 million in funding, valuing the the three-year old startup at $2.3 billion and providing fresh capital to grow its lending business and ramp up sales of its proprietary Acorn Machines AI technology.

06 September 2018

News/Findex

ABN Amro and solarisBank invest in loan securitisation startup CrossLend

ABN Amro and solarisBank have participated in a $14 million funding round for CrossLend, a Berlin-based startup which is endeavoring to use blockchain technology to create a European debt exchange.

06 September 2018

News/Findex

Monese scores $60 million funding round

Monese, the London and Tallin-based startup targeting expats and immigrants who typically struggle to get a traditional bank account, has secured a $60 million Series B funding round, led by Kinnevik with participation from PayPal, International Airlines Group, Augmentum and existing investors.

06 September 2018

Company update/Findex

SIX profits dip on restructuring costs

SIX recorded strong operational performance in the first half of 2018, exceeding the CHF 1 billion mark in its operating income for the first time in the company’s history.

04 September 2018

News/Findex

Funding Circle seeks £2 billion valuation for stockmarket debut

UK-based P2P business loans outfit has confirmed plans to float 25% of its shares in an IPO that would value the seven-year old company at £2 billion.

03 September 2018

News/Findex

Countingup raises £2.3 million seed round

Countingup, a UK startup that combines a business current account with a built-in accounting package, has raised a £2.3m seed round led by Forward Partners with participation from Frontline Ventures and JamJar Investments.

03 September 2018

News/Findex

Stripe and Visa invest in Nigerian payments startup Paystack

Paystack, Nigeria's answer to Stripe, has raised $8 million in a Series A funding round led by Stripe and joined by Visa, Tencent and Y Combinator.

28 August 2018

Company update/Findex

Vista Equity Partners invests in ComplySci

ComplySci, the leading provider of regulatory technology for financial and professional services companies, today announced that it has received a strategic investment from Vista Equity Partners ("Vista"), a leading private equity firm focused on software, data, and technology-enabled businesses that are reinventing industries and catalyzing change.

23 August 2018

News/Findex

Upgrade scores $62 million investment round

Upgrade, the consumer credit platform launched by former LendingClub Chief Renaud Laplanche, has closed a $62 million Series C round led by China's CreditEase Fintech Investment Fund.

23 August 2018

Company update/Findex

Link Group invests in core banking startup Leveris

Link Asset Services, part of Link Group (ASX: LNK), a leading global provider of financial administration services, today announced a strategic investment in Leveris Limited (Leveris).

20 August 2018

News/Findex

Augmentum opens wallet to invest in Tide, Previse and DueDil

Tide, a UK-based mobile-first SME banking service, has received £8 million in fresh funding and welcomed former Kreditech chief operating officer Oliver Prill as CEO.

20 August 2018

News/Findex

China's Fosun invests in Israeli fintech firm The Floor

Israeli fintech innovation centre The Floor has secured a $5 million investment from Chinese conglomerate Fosun International and its financial services subsidiary.

17 August 2018

Company update/Findex

SugarCRM wins investment from Accel-KKR

The partnership is the latest milestone in SugarCRM’s journey and will accelerate its strategy of driving global growth with its award-winning relationship management platform.

16 August 2018

Company update/Findex

CreditLadder wins £500,000 funding from HM Treasury to build rental credit platform

Fast-growing UK tech firm CreditLadder is one of three Fintech companies to win through to the final of HM Treasury’s Rent Recognition Challenge (RRC) announced by Chancellor Philip Hammond in his Autumn budget statement in November last year.

16 August 2018

Company update/Findex

Deposit Solutions closes $100 million investment round

Deposit Solutions, the Open Banking pioneer and leading international platform for savings deposits, announced the closing of a new funding round today.

16 August 2018

Company update/Findex

Progressa closes $84 million equity and loan funding round

Progressa, a Vancouver and Toronto based financial technology company, announced today it has successfully closed an $84 million equity and loan funding round.

14 August 2018