Latest Findex News: Finextra Research

Company update/startups

Portfolio smashes through £1m crowdfund in nine hours

Manchester-based FinTech, Portfolio, raised £1m within 9 hours in a hugely successful crowdfunding campaign that valued the business at £55m.

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

Company update/payments

LeapFrog Investments and Tana Africa Capital invest in Nigeria's Interswitch

LeapFrog Investments (“LeapFrog”) and Tana Africa Capital (“Tana”) today announced a strategic investment in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments.

12 May 2022

Company update/crypto

Bitcoin savings app Relai to issue crypto debit card

RELAI, the savings and investment app, has confirmed it has plans to launch a bitcoin debit card.

12 May 2022

Company update/startups

BidgerPay launches self-onboarding payments platform after sealing $6 million seed round

$156 trillion will cross international borders in 2022, with cross-border transactions worth up to 41% more than local ones.

12 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

Company update/retail

Three CUs invest in AKuvo

AKUVO, a technology-based organization specializing in credit risk and delinquency management, has announced a round of new funding from three credit unions.

11 May 2022

Company update/startups

Spades dine-in payment fintech closes $2.5M angel round

There’s no denying that the Middle East is growing fast and its restaurant scene is growing even faster.

11 May 2022

Company update/markets

India's AssetPlus raises $3.6 million

Fintech platform AssetPlus, has raised USD 3.6 million.

11 May 2022

Company update/crypto

Gate.io leads $10 Million Series A funding for Stanhope Financial Group

Stanhope Financial Group, an Ireland-based global fintech company that provides businesses with a full suite of banking services, has raised in excess of USD 10 million for its Series A funding round.

10 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

Company update/wholesale

Accern raises $20 million

Accern, recognized as the leading NoCode NLP platform for AI breakthroughs, today announced the close of its $20 million Series B round co-led by Mighty Capital and Fusion Fund, alongside Tribe Capital, Viaduct Ventures, Shasta Ventures and Gaingels.

04 May 2022

Company update/payments

Kard picks up $23 million in funding

Kard, the rewards-as-a-service API that connects modern card issuers to the brands their cardholders love, announced today that it has raised a $23 million Series A round led by Tiger Global.

03 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