Latest Findex News: Finextra Research

Company update/markets

ISignthis increases stake in NSX

iSignthis increases stake in NSX Limited via placement

28 May 2020

GoBear raises $17 million for underbanked play

Singaporean financial services platform GoBear has raised $17 million in funding from returning investors Aegon and Walvis Participaties.

27 May 2020

News/startups

B2B credit network Fundbox secures fresh investment from MUFG

US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank.

27 May 2020

Company update/Findex

Natixis IM invests in UK savings fintech Smart

Smart, a leading savings technology platform and UK fintech company, and Natixis Investment Managers (Natixis IM), one of the world's largest asset management firms, today announced that Natixis IM has made a strategic investment in Smart, combining their expertise to develop and deliver leading workplace pension market solutions in the UK and globally.

27 May 2020

Company update/regulation

Australian RegTech Kyckr to raise A$10 million through share placement

Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology (RegTech) company is pleased to announce that it has received commitments to raise A$8 million (before costs) via a new share placement to institutional and sophisticated investors (Placement).

26 May 2020

Company update/crypto

CoinDCX scores US$2.5 million investment from Polychain Capital and Coinbase Ventures

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that it has secured a US$2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase.

26 May 2020

News/sustainable

Socially conscious bank Aspiration raises $135 million

Socially conscious US neobank Aspiration has closed a $135 million Series C investment round, as consumers increasingly shop around for climate neutral financial products.

22 May 2020

News/startups

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures.

22 May 2020

News/payments

Visa invests in analytics outfit GoodData

Visa has made an investment in, and formed a strategic partnership with, analytics company GoodData. Details of the investment, made through Visa Ventures, were not disclosed.

21 May 2020

Company update/payments

Social payments app Ziina banks $850,000 in pre-seed funding

UAE bank account holders can now use their smartphones to send and receive money as easily as sending a text message.

20 May 2020

Company update/payments

South Africa's Peach Payments secures new funding

Peach Payments, a leading electronic payments platform for entrepreneurs, SMEs and large enterprise businesses in South Africa, has raised growth funding to drive its expansion into Africa.

20 May 2020

News/startups

AI-based financial comparison site monva crowdfunds £502,320

Welsh fintech monva has doubled its crowdfunding target, attracting 799 investors and raising over half a million pounds for a new AI-powered financial comparison service.

18 May 2020

News/startups

London WealthTech Smarterly raises £7 million

Digital WealthTech firm Smarterly has raised £7 million in a Series A funding round led by Major Oak and topped up by angel and crowdfunding investors.

18 May 2020

News/retail

Monzo seeks fresh funding as Covid-19 decimates valuation

UK neobank Monzo is seeking fresh funding at a reported 40% discount on its previous valuation, according to the Financial Times.

15 May 2020

News/markets

Citi and HSBC join $10.5 million round in FX marketplace Spark

Citi and HSBC have joined a $10.5 million funding round in Singapore-based low latency foreign exchange trading technology venture Spark Systems.

15 May 2020

News/startups

Freetrade crowdfunds £4.5m

Commission-free stockbroking app Freetrade has raised £4.5 million from more than 5000 people in just four hours, using crowdfunding platform Crowdcube.

14 May 2020

Company update/startups

Absa invests in A2X Markets

A2X Markets is pleased to announce that Absa has become the first major South African bank to invest in the start-up stock exchange which began trading in October 2017.

13 May 2020

News/security

Featurespace raises £30 million to fight financial crime

Financial fraud fighting outfit Featurespace has raised £30 million from a funding round led by Merian Chrysalis Investment and supported by existing investors.

13 May 2020

Company update/crime

Slimmer AI raises €4 million to continue fight against financial crime

Slimmer AI has raised an investment of €4 million from a group of long-term strategic investors and experienced fintech entrepreneurs.

13 May 2020

Company update/startups

AI for financial advisors platform Vise raises $14.5 million

Vise, an AI-driven investment management platform built for the modern financial advisor, today announced that it has secured $14.5 million in Series A funding, bringing the total capital raised since Vise's founding to over $16 million.

12 May 2020