OTB Ventures Launches $100 million Fund for Growth Capital Investment in Technology
- 4 years 2 months ago
- Investment, FinTech StartUps
OTB Ventures (OTB), a leading venture capital fund specialised in investments in technology companies in Central and Eastern Europe (CEE), today announces the launch of its early growth technology fund – the largest venture capital fund in CEE - with $100m in commitments from international institutional investors, including the European Investment Fund (EIF), and high-profile backers including Greg Jankilevitch.
UK Start-ups Must Make the Most of a Small Window to Capitalise on Investment Opportunities, Fox Williams Warns
- 4 years 2 months ago
- FinTech StartUps
While a burgeoning tech industry, education and the value of the pound have made UK tech start-ups an attractive target for investors outside the UK – with investment in UK tech start-ups growing 44 percent to £10.1bn in 2019 – businesses need to be aware that they may only have a short window to attract investors, city law firm Fox Williams LLP has warned.
Sweden’s biggest fintech gathering aims to build a stronger community through knowledge-sharing and networking
- 4 years 2 months ago
- FinTech StartUps
Sthlm Fintech Week is a community-driven initiative focusing on knowledge sharing and building a stronger community for the Swedish fintech ecosystem – with quality and relevance as part of its core DNA. The five-day-long event is divided into seven sessions commencing 10th February 2020. Whether interested in fostering new connections, partnerships, networking with potential investors or simply sharing knowledge among niche expertise, Sthlm... more
Dot Raises $8 Million Seed Funding From PayU, Fosun RZ Capital, Info EdgeVentures
- 4 years 2 months ago
- Payments, FinTech StartUps
Dot, offline-to-online (O2O) commerce and fintech platform founded by entrepreneur and PayU India’s ex co-founder Shailaz Nag today announced that it has raised an initial seed funding of around US$8 million. PayU, the payments and fintech business of Prosus, and Fosun RZ Capital led the seed funding round, which also saw participation from Info Edge Ventures and other well-known angel investors in the country.
Fintech Startups to spot raise pre Series A up to $1M at India FinTech Festival 2020
- 4 years 2 months ago
- FinTech StartUps
India FinTech Festival (IFF) 2020, India’s first homegrown global platform to drive Fintech innovation in the country has opened applications for its marquee show ‘FInD the next Unicorn’, giving a chance to Indian consumer fintech startups to spot raise pre Series A up to $1M.
SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy
- 4 years 2 months ago
- Core Banking, FinTech StartUps
Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.
Mastercard Invests in Online and Offline Identity Startup Trust Stamp
- 4 years 2 months ago
- Security, FinTech StartUps
Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp.
Cybertonica Raises $2 Million Series A
- 4 years 2 months ago
- Cybersecurity, FinTech StartUps
Cybertonica, an award-winning platform using Machine Learning and AI for delivering authentication, risk analytics and fraud prevention to the payments and FinTech sectors, has raised £2 million in Series A funding.
Unusual Ventures Leads $4M Seed Round For Kloud.io
- 4 years 2 months ago
- FinTech StartUps
Organizations have invested billions into collecting and extracting value from data, yet the IDC recently found that 73% of an organization’s time-to-insight is spent searching for and preparing data, while only 27% is spent on actual analysis.
Westpac's Reinventure Invests In Indonesia's Kredivo
- 4 years 2 months ago
- FinTech StartUps
Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform.
CaixaBank Partners Plug and Play to Back Spanish Fintech Startups
- 4 years 2 months ago
- FinTech StartUps
CaixaBank has teamed up with Silicon Valley-based innovation platform Plug and Play on a Spanish fintech startup programme. The Barcelona Engagement Programme will see the partners work with startups to promote new banking and insurance services. A committee will select promising Spanish fintech startups, which will then get support from CaixaBank Payments and Consumer, imaginBank and Plug and Play to help develop proof-of-concepts.
Tencent and DST Global Pump $115 Million into Qonto
- 4 years 3 months ago
- Wholesale Banking, FinTech StartUps
French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to specific markets, and grow staff numbers from 200 to 300 during 2020. The online-only bank for SMEs, freelancers, and startups offers expense management, company card issuing and cash flow services to 65,000 accounts internationally. Earlier this month, the bank announced... more
JPMorgan and UK Aid Pump $15 Million into Catalyst Fund
- 4 years 3 months ago
- FinTech StartUps
JPMorgan has joined UK Aid in providing $15 million in support for Boston-based accelerator Catalyst Fund, which aims to back 30 fintech startups in Kenya, Nigeria, South Africa, India, and Mexico over the next three years.
Australian Neobank Volt Makes Seamless Move From Series C to Series D Ahead of Planned IPO
- 4 years 3 months ago
- FinTech StartUps
With its sights set on an IPO later this year, Australian neobank Volt has closed a $70m Series C round and is now opening up a $50m Series D on a $285m valuation. The latest round lifts Volt’s total funding to $100 million in equity, and brings the challenger a step closer to a planned listing on the Australian Stock Exchange in late 2020. The neobanking startup, which recently launched its first deposit product, says the move to an immediate... more
Dubai Based Fintech to Launch OG Bank and OG Pay in UK and Germany
- 4 years 3 months ago
- FinTech StartUps
Dubai based fintech company specializing in payment processing is set to launch OG Bank and OG Pay (On the Go) a digital banking solution, chat based payment wallet and a digital point of sale (POS) all to be operated from mobile devices.
