Latest Findex News: Finextra Research

Finablr plots London listing

UAE-based Finablr is looking to capitalise on investor interest in payments processing with plans for an IPO on the London Stock Exchange.

10 April 2019

Company update/Findex

LendInvest secures up to £200 million in funding from HSBC UK to back entry into home loan mortgages

LendInvest, the marketplace for mortgages, has secured funding of up to £200 million from HSBC UK, one of the world’s largest banking and financial services organisations, bringing further institutional capital to its platform.

08 April 2019

News/ai

SocGen Assurances and Roadzen team on contextual insurance venture

Societe Generale Assurances has joined forces with AI insurtech specialist Roadzen to build a "digital and contextual" insurance player.

05 April 2019

Company update/startups

Nigerian fintech Kudi raises $5 million

Kudi, the Nigerian leader of digital payment and collection for the cash economy, raises a Series A led by Partech and joined by Michael Seibel (YC CEO).

05 April 2019

News/Findex

Mortgage blockchain tech startup Acre raises £5m

Acre Software, a UK startup using blockchain technology to revamp the mortgage and insurance application process for advisers, has raised £5 million from Aviva and Sesame Bankhall Group (SBG).

04 April 2019

Company update/ai

Pagaya raises $25 million for asset management AI

Pagaya, a global financial technology company using artificial intelligence (AI) to reshape asset management, today announced a $25 million Series C funding round.

03 April 2019

Company update/Findex

Onfido scores $50 million investment

Onfido, the global identity verification provider, today announced it has raised $50M in funding, bringing the total investment in the company to over $100M.

03 April 2019

News/regulation

Opengamma secures $10 million fund raise

London-based Opengamma, provider of a software-as-a-service-based analytics resource for derivatives traders requiring efficient capital allocation, has raised raised $10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.

03 April 2019

News/payments

Mastercard joins $88m Bill.com funding round

Business payments specialist Bill.com has hit the $1 billion valuation mark thanks to an $88 million funding round led by Franklin Templeton with participation from Mastercard and Fidelity Investments Canada.

02 April 2019

News/payments

Mastercard to invest EUR50m in African online retailer Jumia

Mastercard is set to invest EUR50 million in Jumia Technologies through a private placement ahead of the Africa-focused ecommerce firm's upcoming initial public offering, according to Bloomberg.

02 April 2019

Company update/payments

Mswipe raises $30 million in Series E

Mswipe Technologies Private Limited (“Mswipe” or “the Company”), India's largest independent merchant acquirer and Point of Sale (POS) network provider, today announced its plans to have 1.5 million merchants on its platform by the end of FY 2020.

02 April 2019

News/Findex

Small business challenger bank Novo raises $4.8 million

Novo, a digital-only bank for US small businesses, has raised $4.8 million in a funding round led by Crosslink Capital with participation from Red Sea Ventures, Hack VC, RRE, Rainfall, and the Stanford Law School Venture Fund.

01 April 2019

Company update/payments

Payit scores $100 million fund raise

PayIt, the premier platform for state and local governments to engage their constituents digitally, announced today an investment from Insight Partners, a New York-based venture capital and private equity firm. The investment exceeded $100 million.

28 March 2019

Company update/Findex

Kyriba confirms planned $160 million growth round led by Bridgepoint

Kyriba, the global leader in cloud treasury and finance solutions, today announced that it is in advanced talks with Bridgepoint, an international private equity group focused on investing in market-leading businesses, to receive a $160M investment round to accelerate innovation and growth of its enterprise platform.

28 March 2019

News/startups

Hong Kong SME financing platform raises $15m for China push

Hong Kong-based online SME trade financing platform Qupital is targeting the mainland after closing a $15 million Series A funding round led by CreditEase FinTech Investment Fund.

27 March 2019

News/Findex

MineralTree raises $50m

US accounts payable and payment automation technology provider MineralTree has raised $50 million in a funding round led by Great Hill Partners and joined by existing investors .406 Ventures and Eight Roads Ventures.

27 March 2019

News/payments

Mastercard to invest $300 million in Network International

Mastercard has confirmed plans to make a cornerstone $300 million investment in Middle Eastern payments processor Network International, which last week announced its intention to list on the London Stock Exchenge.

27 March 2019

Company update/Findex

Nutmeg announces plans to crowdfund in summer 2019

Nutmeg, the UK’s largest digital wealth manager, has announced plans to democratise company ownership with a crowdfund later in 2019.

27 March 2019

Company update/Findex

Avaloq cheers revenues growth

Avaloq, a leading fintech company and international provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, has reported strong results for 2018 driven by continued demand for the firm’s SaaS, BPaaS and on-premise solutions from new and existing clients and accelerated growth in markets such as EMEA.

26 March 2019

Company update/Findex

MeaWallet completes refinancing

Digital payment solutions provider, MeaWallet, today announces the completion of its transition into a refinanced independent entity, following a management buyout enabled by a substantial capital injection from venture capital firm Idekapital Fund 1.

25 March 2019