Latest Findex News: Finextra Research

Company update/Findex

Investment app Freetrade aims for £1 million crowd raise

A next-generation investment app providing users with free stock trading has today launched a Crowdcube campaign in a bid to raise over £1 million.

16 May 2018

Company update/Findex

African digital payments firm Cellulant raises $47.5m

The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, today announced that it has signed an agreement to acquire a stake in Cellulant, a leading digital payments provider that reaches 40 million people across 11 African countries.

15 May 2018

News/Findex

Robinhood raises $363m for $5.6bn valuation

Fee-free stock trading app Robinhood has seen its value soar to $5.6 billion after closing a $363 million Series D funding round led by DST Global.

10 May 2018

News/Findex

Athena raises $15 million to disrupt Australian mortgage market

Athena, an Australian home loans startup led by former NAB bankers that is bidding to take on the nation's biggest lenders, has raised $15 million in a funding round led by Macquarie Bank and Square peg Capital.

10 May 2018

Company update/Findex

Avast – top five largest tech IPO of all time on London Stock Exchange

London Stock Exchange today welcomes Avast, a leading global cybersecurity provider, to the Premium Segment of the Main Market.

10 May 2018

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Goldman Sachs and BBVA-backed Propel lead £13.6m financing in mortgage startup Trussle

Venture capital funds from Goldman Sachs and BBVA have led a £13.6 million Series B financing round in UK digital mortgage broker Trussle.

09 May 2018

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IZettle to list on Nasdaq Stockholm

Swedish e-commerce outfit iZettle has confirmed plans to list its shares on Nasdaq Stockholm.

08 May 2018

Company update/Findex

Simplesurance raises $24 million in Series C funding

Berlin-based startup simplesurance, a leader in the InsurTech industry developing an insurance service platform, receives 24 Million Dollars in the final Series-C Round.

08 May 2018

Company update/Findex

Cobalt FX post-trade network secures investment from SGX

Cobalt, the foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has secured a strategic investment from Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange.

04 May 2018

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BBVA VC fund invests in Brazilian neo-bank Neon

BBVA’s independent capital venture firm, Propel Venture Partners, has made an investment in Brazilian neo-bank Neon.

03 May 2018

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Square adds up the cost of bitcoin trading business - it ain't pretty

Square's fledging bitcoin business accounted for five per cent of the company's turnover in the first quarter, but returned only a miniscule $223,000 profit and an actual loss on the company's bitcoin holdings.

03 May 2018

Company update/Findex

CredoLab raises US$1 million from Walden International

CredoLab, a fintech provider of highly predictive, mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers, today announced it has closed a US$1 million investment from established global venture capital firm Walden International.

03 May 2018

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iZettle eyes Unicorn status in forthcoming IPO

Swedish e-commerce outfit iZettle is looking to propel its business to Unicorn status in an IPO that could be announced as early as next week, according to the Financial Times

02 May 2018

Company update/Findex

TwinStar Credit Union invests $3 million in Constellation

Constellation Digital Partners, LLC is eager to announce a new strategic partnership and $3 million investment from TwinStar Credit Union.

02 May 2018

Company update/Findex

BlueVine secures $200 million credit line with credit Suisse

BlueVine announced today that it has secured a $200 million asset-backed revolving credit facility with Credit Suisse, one of the world¹s leading financial services providers.

01 May 2018

News/Findex

GreenSky defies downturn in online lending and files for IPO

Atlanta-based online lender GreenSky has filed for an IPO with an initial offering of $100 million in shares.

01 May 2018

Company update/Findex

Iwoca scores £50 million in debt financing

iwoca, one of Europe’s fastest growing small business lenders, has raised an additional £50 million in a debt facility provided by a syndicate of banks.

30 April 2018

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KRM22 raises £10.3 million to build risk cockpit

KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry, has raised £10.3 million from a float on London's Alternative Investment Market.

30 April 2018

Company update/Findex

First Data raises full year guidance

First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today reported financial results for the first quarter ended March 31, 2018.

30 April 2018

News/Findex

Baidu to offload majority stake in financial services unit

Chinese internet search giant Baidu is to divest a majority equity stake in its financial services unit to a group of venture capital investors, raising $1.9 billion.

30 April 2018