Tech-enabled Investment Platform DiversyFund Sees Rapid Growth Amid Global Pandemic
- 4 years 4 months ago
- Investment
DiversyFund, a tech-enabled investment platform providing wealth-building tools to non-accredited investors, has undergone a period of significant growth in 2020 amid the COVID-19 pandemic.
ClearBank and Tide Granted £25M to Help UK SMEs Recover From Pandemic
- 4 years 4 months ago
- Covid-19, Lending, Investment, Banking
ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform [1], have been awarded £25m to help UK SMEs turn recovery from the coronavirus crisis into a growth opportunity. The funding will be used to provide financial support and products to help SMEs address the challenges they will face in the post-coronavirus and post-Brexit economic environment and to seize on the opportunities that come... more
CloudMargin Raises $15 Million in Series B Funding Round
- 4 years 4 months ago
- Investment
CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, one of the largest exchange organisations worldwide, along with Tier-1 global investment banks and current CloudMargin clients Deutsche Bank and Citi.
Reech Corporations Group Launches Odysseus Investments to Drive Digitisation of Traditional Sectors
- 4 years 4 months ago
- Investment
Reech Corporations Group, an investment company driving long-term value in real estate, technology and finance, has launched a new growth investor – Odysseus Investments. The business will be headed up by Adam Battersby, formerly Head of Global Principal Investments at BofA Merrill Lynch.
EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future
- 4 years 4 months ago
- Investment, Banking, Insurance
EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, today announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital.
Financing Platform Marco Raises $26M to Support SMEs in Latin America
- 4 years 4 months ago
- Lending, Investment
Marco Financial—the first tech-enabled financing platform built for small and medium-sized Latin American exporters — announced it has secured $26M in funding and credit that will enable the company to address the $1.5T global trade finance gap that disproportionately impacts small-and medium-sized (SME) businesses. Marco supports SMEs based in Latin America, where a $350 billion trade finance gap blocks many exporters from the U.S. market.
AI-driven Asset Management Platform Exabel Closes $3.6M Funding Round
- 4 years 4 months ago
- Investment, Asset Management
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
TrueLayer Raises $25M in Series C Round
- 4 years 4 months ago
- Investment
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.
Ziglu Raises £1 Million in Under 3 Hours
- 4 years 4 months ago
- Investment
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
Finance Durham Fund Invests £750,000 in Growth Capital Ventures
- 4 years 4 months ago
- Investment
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
Allica Bank Launches £100M Fundraise
- 4 years 4 months ago
- Investment
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.
Latin America's Newest Unicorn dLocal Achieves $1.2B Valuation After Securing New $200M Investment
- 4 years 4 months ago
- Investment, Payments, FinTech StartUps
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.
FinecoBank Expands UK Offering with Access to Capital Group Funds
- 4 years 4 months ago
- Investment
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
Conviction Completes Pre-Series A Funding Round for Konsentus
- 4 years 4 months ago
- Investment
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.
UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research
- 4 years 4 months ago
- Investment, Compliance, AML and KYC
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.
