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Latest Results from /startups

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Starling posts first profitable year

UK digital bank Starling has turned a £32m profit for the last financial year, marking its first full year of profitability.

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Insurtech Gateway completes first close on Seed Fund II

Insurtech Gateway has completed the first close of its Seed Fund II, enabling it to back 20 startups over the next four years from pre-seed to Series A.

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Charles raises $20m to unlock e-commerce in WhatsApp

Conversational commerce startup Charles has raised $20 million in Series A funding to help European sellers benefit from e-commerce in WhatsApp.

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FairPlay raises $10m to tackle bias in lending

FairPlay, a startup using AI fairness techniques to reduce algorithmic bias in lending, has raised $10 million in Series A funding.

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UK fintech investment grows despite global slowdown

While global fintech capital investment was flat in the first half of the year, the UK saw a 24% year-on-year increase, according to data from Innovate Finance.

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Mexico's Stori becomes a unicorn

Stori, a Mexican fintech bringing credit cards to the country's middles class, has hit unicorn status after raising $150 million in debt and equity.

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X1 raises $25m for smart credit card

X1, the challenger credit card for digital natives founded by former Twitter executives, is set to open to the public after securing $25 million in Series B funding.

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Fintech valuations fall by half a trillion

Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.

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Mexican startup becomes latest unicorn

A Mexican startup has become the latest fintech to gain unicorn status.

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Lightyear expands across Europe on $25 million fund raise

Lightyear, a commission-free investment platform founded by two early Wise employees, has raised $25 million as it launches into 19 European countries.

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Quartr extends seed round to transform investor relations

Quartr, a Swedish app that gives investors access to company information and earnings calls, has topped up its seed round by $2.6 million.

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Former Flutterwave exec launches African remittance startup in UK

African fintech Sendsprint is launching in the UK to provide money transfer and gifting services to three destination countries for senders including Nigeria, Kenya and South Africa