Latest Findex News: Finextra Research

Edinburgh fintech seals seven-figure investment to launch AI tool for vulnerable customers

Scottish fintech company Aveni has secured an investment of £1.1 million to launch a ground-breaking Artificial Intelligence (AI) platform which is leading the way in a new era for speech analytics in business.

21 June 2021

News/crypto

Crypto lending platform Tesseract raises $25 million

Augmentum Fintech has led a $25 million investment round in Finnish institutional crypto firm Tesseract.

21 June 2021

Company update/Findex

Digital insurer Hellas Direct raises €32 million

Hellas Direct, an innovative, technology-driven insurance company operating in Greece and Cyprus, announced that it has raised a further EUR 32m in funding in its latest financing round, bringing the total raised to date to EUR 56m.

18 June 2021

News/startups

Citi Ventures joins $44.3 million round in lending network Splash

Splash Financial, a digital lending platform that helps borrowers shop and compare financial products from a network of lenders, has secured $44.3 million in a new Series B funding round.

18 June 2021

News/startups

Open payments firm Volt raises $23.5m

London-based open payments gateway Volt has raised $23.5 million in a Series A funding round led by EQT Ventures.

18 June 2021

News/crypto

PayPal doubles down on crypto-compliance platform TRM Labs

Cryptocurrency compliance and risk management platform TRM Labs has closed a $14 Million Series A funding round.

18 June 2021

Company update/markets

Augmentum Fintech to raise £40 million through new share issue

Further to the announcement on 14 June 2021 that the Company was considering the issue of new ordinary shares, today the Company is pleased to announce a proposed issue of ordinary shares in the Company (“Ordinary Shares”) to raise gross proceeds of £40 million (the “Initial Issue”) as part of an ongoing share issuance programme (the “Share Issuance Programme”), the details of which will be set out in the Prospectus expected to be published by the Company later today.

17 June 2021

Company update/wholesale

Contour completes Series A+ fundraising with investment from leading trade banks

Digital trade finance network Contour has completed its Series A+ fundraising round, securing investment from leading regional and global trade banks as its technology continues to be deployed by banks, corporates and partners across the globe.

17 June 2021

News/payments

Finleap Connect scores $22 million to expand across Europe

Finleap Connect, a company formed from the merger of three fintech companies in the Dach countries, has raised €22 million as part of a push to create a pan-European Open Banking platform.

17 June 2021

News/markets

Clearing firms invest in FIA Tech

A group of 10 clearing firms have committed $44 million to the Futures Industry Association's FIA Tech.

16 June 2021

News/retail

10x Future Technologies seals $187 million funding round

10x Future technologies, the banking technology firm set up by former Barclays chief Antony Jenkins, has sealed an oversubscribed $187 million Series C financing round, co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by existing investors JPMorgan Chase, Nationwide, Ping An and Westpac.

16 June 2021

Company update/startups

Open Finance startup Finantier raises seven-figure seed round

Finantier, a Southeast Asian Open Finance startup providing an (Application Programming Interface) API platform for financial institutions to access and analyse consumer financial data, has raised a 7-figure seed funding round led by Global Founders Capital (GFC) and East Ventures (EV).

16 June 2021

Company update/regulation

EQS Group decides on 7.5% capital increase

Today, the Management Board of EQS Group AG (ISIN: DE0005494165) decided with the approval of its Supervisory Board, to increase the share capital against cash contributions and by partially using the 2021 authorised capital, however without subscription rights for existing shareholders.

16 June 2021

Company update/retail

Nymbus Cuso banks $5 million investment

NYMBUS, a leading provider of banking technology solutions, today announced the closing of a new round of financing led by the Curql Fund.

15 June 2021

News/startups

Sequoia makes €15 million investment in Pennylane

French fintech startup Pennylane has secured €15 million in funding to grow its array of bookeeping and financial management tools.

15 June 2021

Company update/startups

Coupay secures £200k pre-seed funding

Coupay has secured £200,000 pre-seed funding from early-stage venture capitalist SFC Capital and leading tech founders and angels including serial entrepreneur Will Wynne of Smart Pension, Arena Flowers and Trulience.

15 June 2021

News/crypto

Crypto investing app Change raises €3.7 million in crowdfunding round

Change, a cryptocurrency investing platform for retail investors, has closed a €3.7 million crowdfund from 50 private investors at a €175 million valuation.

15 June 2021

Company update/payments

Mexican fintech Clip raises $250 million

Clip, Mexico's leading digital payments and commerce platform, today announced it has received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP.

15 June 2021

News/payments

DNA Payments pockets £100 million investment

London headquartered payments processor DNA Payments has banked a £100 million investment from Alchemy Partners.

14 June 2021

News/startups

Salary advance startup Clair raises $15 million

Clair, a New York-based earned wage startup for gig economy workers and tech contractors, has closed a $15 million Series A funding round led by Thrive Capital.

11 June 2021