Finance Durham Fund Invests £750,000 in Growth Capital Ventures
- 4 years 3 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 3 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 3 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 3 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 3 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 3 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.
Demand of P2P Investors for Long-Term Loans Doubles Since June
- 4 years 3 months ago
- Lending, Investment
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.
Klarna Raises $650M from Silver Lake-led Investor Group and Becomes Europe's Biggest Fintech Unicorn
- 4 years 3 months ago
- Investment
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.
Chip Raises a Total of £10.7 Million in Under 48 Hours
- 4 years 3 months ago
- Investment
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
Solactive and ESG Provider Truvalue Labs Release Joint ESG Benchmark Series based on Truvalue Lab’s AI-driven ESG Data
- 4 years 4 months ago
- Investment
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
Profile Establishes “Profile Technologies SA” to Drive Investments in Innovation
- 4 years 4 months ago
- Investment
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.
Thunes Raises $60M in Series B Funding to Drive Global Growth
- 4 years 4 months ago
- Investment
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.
Bullhorn Secures Strategic Investment from Stone Point Capital to Accelerate Company's Digital Transformation Agenda
- 4 years 4 months ago
- Investment
Bullhorn®, the cloud computing company that helps staffing and recruiting organisations transform their businesses, today announced that Stone Point Capital will become the lead investor to power the next phase of the company’s growth. Insight Partners and Genstar will remain investors in the business. Stone Point was attracted to Bullhorn on the strength of its long-term opportunity to serve the global staffing and recruiting industry, its... more
Mollie Raises 90 million Euro in TCV-led Series B Funding
- 4 years 4 months ago
- Investment
Mollie, one of the fastest growing payment service providers in Europe, today announced the closing of 90 million Euro (US$100 million) in its Series B funding round, taking the total amount raised by the company to 115 million Euro. The round was led by TCV, one of the largest growth equity investors focused on technology.
FinecoBank Expands UK Offering with Access to Fidelity International Funds
- 4 years 4 months ago
- Investment
FinecoBank today announces the expansion of its investment products with a suite of funds from Fidelity International (Fidelity). With the new funds from global asset manager, Fidelity, Fineco clients in the UK now have access to a wide variety of investment strategies and asset classes.
