Securities Services

AI-driven Asset Management Platform Exabel Closes $3.6M Funding Round

Exabel, the simple-to-use AI, analytics and data platform for active asset managers, today announced it has closed its third seed round, bringing the total amount raised by the company to more than $12 million. Led by 17 existing and 11 new investors, alongside a loan and grant from Innovation Norway, the latest funding will help the company build out its commercial functions in Europe and North America, and continue to establish strategic... more Read more »

TrueLayer Raises $25M in Series C Round

TrueLayer, the leading technology company building financial infrastructure that’s open to any business, anywhere in the world, today announced it has secured an additional $25 million in funding, under its Series C. The round included participation from existing investors, including Anthemis, Connect Ventures, Northzone and Temasek, and brings the total raised by TrueLayer to date to $72 million. Read more »

Ziglu Raises £1 Million in Under 3 Hours

Ziglu, the challenger and fully FCA authorised Electronic Money Institution, have hit their funding target within 3 hours after the openning of their public crowdfunding round today. The company has raised over £1 million from 144 investors, 112% of their target raise. Ziglu have decided to accept over-funding due to the unprecedented demand and so that more people have a chance to be part of their community. During the pre-registration phase... more Read more »

Finance Durham Fund Invests £750,000 in Growth Capital Ventures

Finance Durham Fund, which was established by Durham County Council and overseen by Business Durham, has today announced the investment of £750,000 in Growth Capital Ventures (“GCV”). The investment through Finance Durham, managed by Maven Capital Partners (“Maven”), will support GCV’s growth plans as it seeks to further develop its three main business units G-Labs, G-Ventures and Quva, as well as move premises to larger offices within County... more Read more »

Allica Bank Launches £100M Fundraise

Business bank, Allica Bank, is launching a £100m funding round to help it meet the current high levels of demand for finance it is experiencing from British businesses, and continue broadening services and product lines. The bank, which received full UK banking authorisation in late 2019, has had over £1bn of enquiries from businesses in the aftermath of the Covid-19 pandemic. Read more »

Latin America's Newest Unicorn dLocal Achieves $1.2B Valuation After Securing New $200M Investment

dLocal, a leading cross-border payment platform connecting global merchants to emerging markets, today announced up to $200 million in new investment, led by existing investor General Atlantic, a leading global growth equity firm with a presence across North and South America, Europe and Asia. dLocal also secured investment from Addition, a recently launched investment firm focused on early and growth stage companies. Read more »

FinecoBank Expands UK Offering with Access to Capital Group Funds

FinecoBank today announces the expansion of its investment products with a suite of funds from Capital Group. With the new funds from global asset management firm Capital Group, Fineco clients in the UK now have access to a wide variety of investment strategies and asset classes including Capital Group New Perspective Fund (LUX), a global equity offering launched over 45 years ago, and Capital Group Global High Income Opportunities (LUX), a... more Read more »

Conviction Completes Pre-Series A Funding Round for Konsentus

Conviction Investment Partners, today announced that it has managed and completed pre-series A financing for Konsentus, a provider of Regulatory Technology (RegTech) solutions for open banking. Conviction led the multi-million pound investment after recognising Konsentus’ high-growth potential and how it can contribute to creating a safe and secure open banking environment for banks and financial services companies. Read more »

UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research

New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open banking, going beyond compliance and prioritising investments in improving the digital customer experience.  Read more »

Demand of P2P Investors for Long-Term Loans Doubles Since June

The European P2P lending platform Robo.cash has found that the demand of investors for long-term loans offered by its Singaporean loan originator is rising. In August, the platform’s users funded €1.5 mln of these loans, which is twice as much as in June. This might mark a new trend among P2P investors. Read more »

Klarna Raises $650M from Silver Lake-led Investor Group and Becomes Europe's Biggest Fintech Unicorn

Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion, which ranks Klarna as the highest-valued private fintech in Europe and now the 4th highest worldwide.  Read more »

Chip Raises a Total of £10.7 Million in Under 48 Hours

Chip, the automatic saving app offering access to market-leading returns, raised a total of £10.7 million from the crowd and the government-backed Future Fund, as part of the company’s series A round. The amount, raised in under 48 hours from 6,420 investors, makes it the largest convertible round in UK crowdfunding history as well as the largest crowdfunded Future Fund participation. Chip, which saw 25,000 people pre-register ahead of the round... more Read more »

Solactive and ESG Provider Truvalue Labs Release Joint ESG Benchmark Series based on Truvalue Lab’s AI-driven ESG Data

Frankfurt-based index engineering firm Solactive AG and pioneer in AI-driven ESG data, Truvalue Labs, have joined forces to create a ground-breaking series of ESG Indices designed to provide investors with diversified exposure to global large- and mid-cap equities with strong ESG characteristics. The move reflects a growing demand from the global investment community for measures that analyse the vast quantities of unstructured ESG information... more Read more »

Profile Establishes “Profile Technologies SA” to Drive Investments in Innovation

Profile Software, an international financial solutions provider, announced today the establishment of “Profile Technologies SA”, a wholly-owned subsidiary that will become a development center in Thessaloniki, Greece with a committed investment plan in excess of €5 mn for the next 3 years. The company has formed a fully functional and optimistic business plan aiming at becoming a model technology firm delivering innovation in Greece. Read more »

Thunes Raises $60M in Series B Funding to Drive Global Growth

Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off. The latest Series B funding round sees Africa-focused Helios Investment Partners leading the US$60 million investment in the Singapore-based company. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape. Read more »

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