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/startups

Latvian fintech startup Jeff App raises $1 million

Jeff App, the Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round led by the Estonian Business Angels Network (EstBAN) syndicate.

/regulation

VoxSmart seals $25 million fund raise as WFH compliance demands take hold

Communications surveillance group VoxSmart has closed a $25 million funding round led by Toscafund Asset Management.

/retail

Zopa raises £20 million after exceeding bank performance targets

Zopa has landed £20 million from existing investors after picking up £250 million in deposits following the launch of its app-only bank last year.

/startups

Indian lending platform KreditBee raises $70 million

Bengaluru-based fintech lending platform KreditBee’s holding entity, Finnov has raised an additional $70 million in a follow-on Series C round from TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity.

/startups

Valar Ventures makes first investment in Africa with neo bank Kuda

Nigerian digital banking startup Kuda has raised $25 million in a Serie A funding round backed by Peter Thiel's Valar Ventures.

/startups

IndiaLends raises US$5.1 M from existing investors

Major digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners.

/payments

French payroll and HR platform PayFit raises €90 million

Digital payroll and human resource management firm PayFit has raised a €90 million series D funding.

/sustainable

Tencent backs Finnish fintech Enfuce

Finnish fintech Enfuce has raised €7 million in Seris B funding, including a €5 million investment from Chinese behemoth Tencent.

/startups

Illuminate Financial closes on $100 million fintech fund

Fintech venture fund Illuminate Financial has closed the lid on a $100 million war chest with backing from Barclays, JPMorgan, Deutsche Boerse and IHS Markit.

/regulation

Encompass secures investment from Beacon Equity Partners

Encompass Corporation, the leading RegTech provider of Know Your Customer (KYC) automation software, has secured new investment from Beacon Equity Partners, a Boston-based private equity group focused on companies that solve regulatory and compliance challenges.

/startups

Forward Advances raises £2.2 million; names former Paypal exec Hasam Silva as MD

Forward Advances, the revenue-based finance subsidiary of early-stage venture fund Forward Partners, announces today a raise of £2.2m and the appointment of a new leadership team, to provide bespoke fundraising for entrepreneurs.

/devops

Capital markets low code vendor Genesis snags $45 million in new funding

Genesis Global, the London-based supplier of a low code platform for capital markets development, has raised a $45m Series B led by Accel.

/payments

Payments-as-a-service platform Brim raises $25 million

Toronto-based payment technology firm Brim Financial has closed a $25M Series B, co-led by Desjardins Group and US-based Epic Ventures.

/regulation

LAB Group secures capital raise from Costa Asset Management

Australia’s leading financial services KYC & Onboarding platform provider, LAB Group, has completed its first ever capital raise to form a private equity partnership with Costa Asset Management (CAM).

/startups

LVH to invest £4.45 million in B-North

Estonian financial services firm LVH is to invest £4.45 million in B-North, the Manchester-based firm building a regional SME lending bank for the UK.

/payments

SumUp secures €750 million in debt financing

Global payments service provider SumUp (www.sumup.co.uk) announces today that it has raised a €750m facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management, L.P..

/crypto

Austria gets first fintech unicorn as BitPanda closes $170 million Series B

Crypto-broker BitPanda has become Austria's first fintech unicorn after securing $170 million in a Series B round led by Valar Ventures, with participation from the partners of DST Global.

/startups

UpSwot raises $4.3 million

upSWOT, a fintech platform helping financial institutions dramatically improve their ability to service Small-Medium Business clients (SMBs), announces a $4.3M seed round with commitments from multiple VC firms, corporate partners, and 50+ prominent angels and industry operators.

/security

LoginID raises $6 million in seed funding

LoginID, a FIDO-certified authentication provider, today announced a $6M round of seed funding to accelerate the adoption of a passwordless world.

/startups

Canadian challenger Koho closes $70 million funding round

Canadian challenger bank Koho closed a $70 million oversubscribed Series C funding round.