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Connect Earth, an environmental data company based in the U.K., has landed $5.6 million (£4.65 million) in seed funding. The startup, founded in 2021, will use the capital to accelerate its expansion among large enterprises in the U.S. and Europe. Connect Earth noted that it has already begun working with financial institutions like KBC Bank Read more…
As the going gets tough for crypto, will the underlying blockchain technology get going? That was one of the top takeaways from the conversation on cryptocurrencies, digital assets, and the blockchain at FinovateEurope in London last week. We may be in a crypto winter – if not, as author Steven Van Belleghem quipped during his Read more…
J.P. Morgan has agreed to acquire Aumni, an investment analytics tool for private capital markets. Announced today, the deal is expected to close in the first half of this year. While financial terms of the deal are undisclosed, CNBC reports the deal will be valued at $232 million. Aumni’s investment analytics platform leverages AI to Read more…
Omnichannel payments and card issuing processor Qolo has teamed up with global payouts company PayQuicker. The partnership will combine PayQuicker’s Payouts OS platform with Qolo’s card issuing and payments technology. This will enable PayQuicker to issue a more advanced suite of card products, as well as make multi-channel payouts to help its corporate customers meet Read more…
Stripe announced a $6.5 billion Series I funding round today. Alongside the financing round, the payments processing company also unveiled an updated valuation. The investment comes from existing Stripe shareholders– including Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital. New investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek Read more…
Buy now, pay later (BNPL) technology provider Sezzle announced on Monday it plans to list publicly in the U.S. on the Nasdaq, while continuing to sell common stock on the Australian Stock Exchange (ASX). The Minneapolis, Minnesota-based company originally listed on the ASX in 2019 using Chess Depositary Interests (CDIs), which are traded on the Read more…
In a round led by Pivot Investment Partners and UBS – via its venture and innovation unit UBS Next – U.S.-based regtech Droit has raised $23 million in Series B funding. The new capital takes the company’s total equity funding to $39 million, according to Crunchbase. Also participating in the financing was existing investor Goldman Read more…
Natural language analytics data provider SESAMm has raised $37 million (€35 million) in Series B2 funding. The investment will help accelerate the Paris, France-based company’s growth and plans for global expansion. SESAMm also will use the capital to add to its workforce in sustainability, technology, sales, and marketing. “We are happy and grateful to close Read more…
Wise is unveiling a new look and feel, as well as two new products. The company anticipates its “visual makeover” will create a more consistent user experience. The two new products include the Wise Business Card and a money transfer link. It can be tough for a legacy fintech to make noise among the onslaught Read more…
eToro launched its SocialSentiment portfolio of stocks with high ESG and social sentiment criteria this week. The new offering was made possible courtesy of a partnership with alternative data provider – and fellow Finovate alum – Sentifi. Sentifi’s technology analyzes more than 500 million tweet – and two million news articles, forums, and blog – Read more…
Western Union and Beforepay announced a partnership that will enable Australians to pay for money transfers in installments after the money has been sent. Called Send Now, Pay Later, the tool enables users to borrow around $1,400 (AUD $2,000) and repay in installments over a short period of time. 44% of Australia’s consumers said they Read more…
DirectID, a credit risk assessment and decisioning platform based in Scotland, has raised $9.5 million (€9 million) in funding. The funding was led by Ingka Investment, the investment arm of Ingka Group – which is the world’s largest IKEA retailer. DirectID will use the new capital to accelerate the launch of its predictive credit and Read more…