Latest Findex News: Finextra Research

Vested raises $3.6m to bring US stocks to Indian investors

Vested Finance, a Silicon Valley-based online investment platform that enables Indians to buy and sell US stocks, has raised $3.6 million in a seed funding round.

04 February 2021

Company update/startups

SME-focused fintech Thrive starts £2 million crowdfunding campaign

Thrive, a fintech that promises to automate financial admin for SMEs has announced a crowdfunding campaign on Birchal, with the goal of raising up to $2m to fund its launch plans for later this year.

04 February 2021

Company update/retail

Aryza invests in Back to Credit

Aryza has today announced a new strategic investment in Birmingham based Back to Credit, an authorised debt solution provider with over ten years of trading experience.

04 February 2021

News/payments

Abu Dhabi's NymCard raises $7.6 million

Abu Dhabi-based banking-as-a-service vendor NymCard has raised $7.6 million in Series A financing.

02 February 2021

Company update/startups

Employee benefit platform Ben raises $2.5 million

Employee benefit and reward pioneer Ben has raised $2.5m in a round led by Cherry Ventures and Seedcamp.

01 February 2021

News/retail

Fidelity in talks to take £100 million stake in Starling

US investment group Fidelity is in advance negotiations to lead a £200 million fundriaising round in UK challenger bank Starling, according to Sky News.

29 January 2021

Company update/Findex

Behavioural security company CybSafe secures £5.6 million Series A1 investment round

CybSafe, the behavioural security platform that’s transforming the way organisations manage human cyber risk, today announced a £5.6m ($7.9m) Series A1 round.

29 January 2021

Company update/wholesale

Avant invests in Metapraxis

Metapraxis, the financial analytics technology business, today announces it has formed a strategic alliance with AVANT Corporation, a Japan-based technology business, listed on the First Section of the Tokyo Stock Exchange, focused on providing business applications for accounting, planning and management.

29 January 2021

News/startups

BNPL player Scalapay raises $48m

Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.

29 January 2021

News/startups

Stripe joins $35 million funding round in payroll startup Check

Stripe has continued its investment splurge, joining a $35 million funding round in payroll infrastructure startup Check.

28 January 2021

News/payments

Token snags $15 million in Series B funding

Open Banking payments platform Token has secured $15 million in Series B funding from SBI Investment and Sony Innovation Fund as well as from existing investors Octopus Ventures, EQT Ventures and the venture arm of BNP Paribas, Opera Tech Ventures.

27 January 2021

News/startups

Banco Sabadell invests €2.5 million in inhouse startup Nomo

Banco Sabadell has invested €2.5 million in Nomo, an inhouse incubated startup subsequently spun out from the bank, which provides business management rools for SMEs and solo traders.

27 January 2021

Company update/startups

Kids and family finance app Goalsetter nets $3.9 million in seed funding

Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, today announced its seed capital raise of $3.9 million.

25 January 2021

Company update/startups

Saudi-based fintech startup Hakbah raises $1.2 million seed round

Hakbah platform, which specializes in alternative savings and Savings Groups, announced the closure of its seed round with a value of USD 1.2 million (SAR 4.5 million), with the participation of a group of investors, after six months of obtaining the approval of the Saudi Central Bank (SAMA) to launch its commercial services in the Kingdom at the end of July 2020.

25 January 2021

Company update/payments

Digital donations app TapSimple raises £900,000

Feel-good fundraising platform TapSimple has raised £900,000 in an investment round as it continues to develop its technology to support charitable fundraising activity in an increasingly cashless world, taking its total fundraising to date to the £2m marks.

25 January 2021

Company update/startups

Lithuanian mobile payments startup kevin. raises €1.5 million in seed funding

kevin., a fintech startup based in Lithuania, has launched the first ever PSD2 payments solution for mobile payments from pre-linked bank accounts, and has raised €1.5 million in seed funding to scale into new markets.

25 January 2021

Company update/markets

IStox raises Series A total to $50 million

Leading global digital securities platform iSTOX announced today that two government-backed investors in Japan have concluded an agreement to invest in the company, as iSTOX closed its Series A funding round with a total of US$50 million raised.

22 January 2021

Company update/startups

Finance Unlocked closes second fundraise at £1.75 million

Finance Unlocked, an EdTech platform used by banks, asset managers and law firms, today announced it has raised £1.75M and experienced user growth of 2,800% in 2020, driven in part by COVID-19’s impact on the workplace.

21 January 2021

News/wealth

Goldman Sachs-backed WealthTech Elinvar secures €25 million funding round

Berlin-based WeathTech outfit Elinvar has secured €25 million in a funding round led by ToscaFund Asset Management.

21 January 2021

Company update/startups

Brigit raises $35 million

Despite the all-time highs of the stock market over the last decade, financial inequality in the U.S. has continued to rise, with 78 percent of American workers currently living paycheck to paycheck.

20 January 2021