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On the heels of its FinovateEurope demo this week, digital banking player Meniga has raised $11.8 million (€10 million). The investment brings the company’s total funding to $55.7 million. Velocity Capital and Frumtak Ventures led the round, followed by Industrifonden and Meniga customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki. “Meniga has established itself as a Read more…
Financial crime fighter Feedzai has secured a growth investment of $200 million. Product development, partner strategy, and global expansion are three Feedzai priorities that will be accelerated by the new investment. The Series D round was led by KKR, and featured participation from existing investors Sapphire Ventures and Citi Ventures. The company’s total capital now Read more…
In the biggest fundraising for an identity verification company to date, Jumio has locked in an investment of $150 million. The funding comes courtesy of Great Hill Partners, a private equity firm that specializes in investments in “high-growth, disruptive companies.” The investment takes Jumio’s total funding to more than $255 million, according to Crunchbase. “Jumio’s Read more…
Anybody else old enough to remember the argument that while blockchain technology probably had value, actual cryptocurrencies were already passé? In a round led by Coatue, Ribbit, and Stripes, digital asset infrastructure specialist Fireblocks has secured $133 million in new capital to power its mission to make it easier for banks to get into the Read more…
Still looking for evidence that cryptocurrencies have arrived? The $170 million raised this week by Austrian digital asset neobroker Bitpanda is a testament to both the surging interest in cryptocurrencies as well as the vitality of fintech innovation in the CEE countries. Bitpanda’s Series B round earned the company a valuation of $1.2 billion, giving Read more…
Financial services platform NYMBUS has selected the cloud platform from open source solution provider Red Hat for its digital banking ecosystem. The platform, Red Hat OpenShift, will enable Nymbus to help its community bank and credit union customers accelerate their digital transformations. “The COVID-19 pandemic has changed the way we bank, possibly forever,” Nymbus CEO Read more…
Social trading and investment marketplace eToro announced today that it is making the leap to go public. In true 2021 style, however, the Israel-based company isn’t pursuing an IPO. Instead, eToro is merging with FinTech Acquisition Corp. V, a publicly-traded special purpose acquisition company (SPAC), in a deal worth $10 billion. When the deal is Read more…
Courtesy of Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management, international payments company SumUp has secured a $895 million (EUR 750 million) debt facility. “As one of the fastest growing technology companies in the world, this cash injection – in addition to having the built-in option to expand the Read more…
upSWOT, a fintech that helps bring business intel to small business owners, has raised $4.3 million in seed funding. Among Finovate’s newest alums, upSWOT offers a data aggregation and business finance management platform that leverages cash flow predictions and business insights to enable banks, insurance companies, and other institutions to better serve their small business Read more…
Ecommerce technology company Stripe announced over the weekend that it recently raised $600 million in funding. The Series H round brings the company’s total funding to $2.2 billion and boosts its valuation to $95 billion. Investors in this month’s funding round include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Read more…
Consulting and IT services company NTT Data announced the launch of a new digital banking platform today. The new offering, Platea Banking, helps banks with digital transformation while maintaining their legacy technology. Platea Banking helps retail banks take a platform-based approach to facilitate a customer-centric focus on the banking experience. The new platform offers banks Read more…
As our recent conversation featuring Boss Insights founder and CEO Keren Moynihan, reminds us, the fintechs (and “TechFins”) of the Great White North are engaged in some of the most forward-looking innovation on the continent. This week brings an above average volume of news from Canada’s ambitious real-time payments industry. For one, the Vancouver Bullion Read more…