Global Fintech Investment Falls to $51.9 Billion, but Deal Volume Offers Optimism, Says KPMG’s Pulse of Fintech
- 11 months 2 days ago
- Investment
The first six months of 2024 were challenging for the fintech market globally amid the high interest rate environment and the significant amount of global geopolitical uncertainty. Total global fintech investment—including VC, PE, and M&A deal value—fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.
NatWest Acquires Metro Bank Mortgage Portfolio
- 11 months 2 weeks ago
- Investment
NatWest Group plc today announces that it has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group.
Curql Leads Funding Round in ModernFi to Bring the First Deposit Network to Credit Unions
- 11 months 2 weeks ago
- Investment
Curql, a collective of credit unions jointly investing in fintech, has added ModernFi to its investment portfolio. This investment marks a significant milestone in establishing the first deposit network for credit unions and as the first investment for Curql Fund II, further solidifying Curql's mission to bring relevant and competitive solutions to the credit union industry.
UniCredit Announces Investment in Vodeno and Aion Bank Acquiring
- 11 months 2 weeks ago
- Investment
UniCredit S.p.A. has today announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA .
Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin
- 11 months 2 weeks ago
- Investment
Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake inthe headquartered payments business Sokin, marking an exciting new chapter for the fast-expanding fintech firm. The acquisition will provide significant capital and accelerate its product growth plans and further global expansion.
British Business Investments Commits Up to €60M to Adams Street Partners Through the Managed Funds Programme
- 11 months 2 weeks ago
- Investment
British Business Investments today announces a commitment of up to €60m to Adams Street Partners’ (“Adams Street’’) first European Venture Fund. The commitment, which is made through the Managed Funds program, will back innovative businesses across the UK and Europe. The European Venture Fund is Adams Street’s first commingled fund focused on Europe.
British Business Bank Launches Growth Guarantee Scheme to Help Smaller Businesses Access the Finance They Need to Invest and Grow
- 12 months 2 days ago
- Investment
The British Business Bank has so far accredited 41 lenders for the Growth Guarantee Scheme. Following their accreditation, each lender needs to put in place the operations required to start lending under the scheme, and they will be listed on the British Business Bank website once they are ready to start receiving applications. 20 lenders have so far confirmed they are open for applications. Further lenders are going through the accreditation... more
WhatsApp-ening with My Investments? VCs Ask Portend for Financial Health Check
- 1 year 11 hours ago
- Investment
Portend launches WhatsApp integration providing accessible real-time due diligence for portfolio safeguarding with quick and easy access to simulated governance, financial auditing, communication sentiment, and financial monitoring tools in Venture, Debt, Insurance, and Sports. You might assume that with $100M’s AUM VC Investment Directors would monitor the finances of their portfolio businesses. Oddly, they don’t.
Shift4 Acquires Majority Stake of German Point-of-Sale Company Vectron Systems AG
- 1 year 2 weeks ago
- Investment
Shift4, the leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today.
Hometree Secures £250M Asset-Backed Debt Facility from Barclays for UK’s First Residential Renewable Securitisation
- 1 year 3 weeks ago
- Investment
Hometree, the fast-growing residential energy services company, has secured a £250m asset-backed debt facility from Barclays, which will be used to finance over 28,000 residential solar panel systems, batteries and heat pumps across the UK over the next two years.
Plum Expands Investment Offering in the EU with ETFs
- 1 year 3 weeks ago
- Investment
Smart money app Plum has expanded its investment offering to include ETFs across its EU markets. Customers can now invest in diversified funds by geographical region, sector and asset class, as well as tracking multiple stock market indices from around the world.
ABN AMRO Invests in All-Female Founded Climate-Tech Fund Blume Equity
- 1 year 1 month ago
- Investment
Blume Equity is the fifth climate-related fund investment taken on by ABN AMRO Corporate Investments, and an important step in supporting and accelerating the transition to a zero-carbon economy. Blume Equity, founded by three female entrepreneurs, is a climate-tech growth investor with an impact lens in disruptive European scale-ups. Through this investment, ABN AMRO will provide capital to businesses that are solving the climate emergency.
PayPoint Announces Investment in Aperidata
- 1 year 1 month ago
- Investment
PayPoint announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies delivering Open Banking solutions for clients across multiple sectors, including government, local authorities, charities, and housing associations.
FE fundinfo Acquires German Fintech Dericon
- 1 year 1 month ago
- Investment
FE fundinfo, a leading financial data company connecting the asset management industry to distribution networks in the UK, Europe and Asia Pacific, today continues its European expansion with the acquisition of Frankfurt-headquartered Dericon, a pioneering fintech in Germany’s wealth management industry.
Experian Acquires Strategic Stake in Reward
- 1 year 1 month ago
- Investment
Reward, an industry leader in customer engagement and commerce media, today announced that Experian, a FTSE50 company, the world’s leading global information services company, has acquired a strategic stake in the company.
