/regulation & compliance

News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Hummingbird RegTech raises $30 million

Hummingbird Regtech has raised $30M in a Series B funding round led by Battery Ventures with participation from Flourish, Homebrew, FinVC, and William Hockey, co-founder of Plaid.

  0 Be the first to comment

Hummingbird RegTech raises $30 million

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The raise brings the total venture backed funding total to $41.8M, and follows on from Hummingbird's $8.2M Series A in 2020.

The firm says the additional capital will be deployed to expand the team, extend product capabilities, and bring the platform to new markets around the world.

Joe Robinson, CEO of Hummingbird, says: “We know financial institutions often struggle to update or replace older technology. Hummingbird is designed to augment their existing tech stack and streamline operations. The platform has resonated extremely well with many top-tier financial institutions.”

The company's customer roll call includes Stripe, Coinbase, Evolve Bank & Trust, and Upgrade.

Sponsored [New Report] Managing Fraud Risks with Synthetic Data: A Practical Approach for Businesses Services Industry

Comments: (0)

[Webinar] Reaping the benefits of Hyper-Personalisation with AI and Application ModernisationFinextra Promoted[Webinar] Reaping the benefits of Hyper-Personalisation with AI and Application Modernisation