Rabo Frontier Ventures Commits to Speedinvest 3

Rabo Frontier Ventures (“RFV") has committed to Speedinvest’s new fund (Si3). With its latest fund Speedinvest aims to build a portfolio of 80 to 100 investments in European technology startups. The fund, targeting a size of €190 million, will focus on sectors in which Speedinvest has gained experience since inception in 2011, including deep tech & enterprise software, fintech, industrial tech, marketplaces & network effects. Read more »

Self Raises $20M in Series C Funding to Bring Innovative Savings and Credit-Building to Millions More Americans

Self, a leading fintech startup offering people a way to build their credit while also saving money, today announced a $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures. Read more »

OTB Ventures Launches $100 million Fund for Growth Capital Investment in Technology

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. Read more »

UK Start-ups Must Make the Most of a Small Window to Capitalise on Investment Opportunities, Fox Williams Warns

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. Read more »

Sweden’s biggest fintech gathering aims to build a stronger community through knowledge-sharing and networking

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 Read more »

Dot Raises $8 Million Seed Funding From PayU, Fosun RZ Capital, Info EdgeVentures

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. Read more »

Fintech Startups to spot raise pre Series A up to $1M at India FinTech Festival 2020

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. Read more »

SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy

Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems. Citi, FIS and BNP Paribas-Cardif are among the clients for OpenLegacy's platform, which helps them to create microservices-based APIs to extend their core banking systems to the digital world, including the web, mobile and cloud. Read more »

Mastercard Invests in Online and Offline Identity Startup Trust Stamp

Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp. Trust Stamp is a graduate of the 2018 Mastercard Start Path accelerator programme. The two companies introduced their first collaboration with a secure non-PII authentication network for both online and offline environments at the June 2019 ID4Africa conference in Johannesburg, South Africa. Read more »

Cybertonica Raises $2 Million Series A

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. Read more »

Unusual Ventures Leads $4M Seed Round For Kloud.io

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. Read more »

Westpac's Reinventure Invests In Indonesia's Kredivo

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. Asia Growth Fund and Square Peg led the round for FinAccel, the parent of Kredivo, which provides Indonesians with instant credit financing with an interest-free 30-day payback option, or three, six and 12-month instalments with a... more Read more »

CaixaBank Partners Plug and Play to Back Spanish 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. Read more »

Tencent and DST Global Pump $115 Million into Qonto

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 Read more »

JPMorgan and UK Aid Pump $15 Million into Catalyst Fund

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. Managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), Catalyst Fund supports the growth of startups serving the underbanked segment in emerging markets. Read more »

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