Trusted Insighthttp://thetrustedinsight.com/2024-03-26T07:41:05.995622-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Startup Funding: Indian Tech Startups Receive $1.6 Bn In Funding In Q1 2024; Retail, Fintech Lead, Et Retail
2024-03-26T07:41:05.995622-04:00https://www.thetrustedinsight.com/investment-news/startup-funding-indian-tech-startups-receive-16-bn-in-funding-in-q1-2024-retail-fintech-lead-et-retail-20240326638/
The Indian tech startup ecosystem received $1.6 billion in total funding in the first quarter this year (till March 15), becoming the fourth-highest nation globally in terms of funding raised during this period, a new report showed on Tuesday.
Fintech With A Niche Programming Language Taps Ex-stripe Dev To Lead Expansion
2024-03-14T16:01:06.770630-04:00https://www.thetrustedinsight.com/investment-news/fintech-with-a-niche-programming-language-taps-ex-stripe-dev-to-lead-expansion-20240314246/
Silicon Valley Bank's collapse this time last year left a gap in the market many are trying to take advantage of. One relative newcomer on the scene is Mercury, a fintech that provides "startup banking" and other financial infrastructure, and it's looking to grow. The San Francisco based fintech has recently hired a new "head of engineering, expansion" with a high pedigree in fintech.David Bai joins Mercury from crypto giant Opensea, where he was a director of engineering for its core product team.
With Fintech Funding Down 70%, Here's What 11 Big Startups Are Worth Now
2024-03-11T07:31:06.778005-04:00https://www.thetrustedinsight.com/investment-news/with-fintech-funding-down-70-heres-what-11-big-startups-are-worth-now-20240311086/
The estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover.
Google Bets Big On Monzo, Values The Uk Fintech At $5B
2024-03-05T08:31:06.224379-05:00https://www.thetrustedinsight.com/investment-news/google-bets-big-on-monzo-values-the-uk-fintech-at-5b-20240305883/
Monzo has
announced a €397 million ($400 million) funding round led by CapitalG, Google’s
independent growth fund. The UK's largest digital bank, with over 9 million
customers, is currently valued at $5 billion.Monzo Raises €397 Million
to Fuel Expansion PlansThe round
also saw participation from global tech investors, such as GV (Google Ventures),
HSG (HongShan Capital), and existing backers (Passion Capital and Tencent).The funding
round values Monzo at a post-money valuation of $5 billion, a significant
increase from its previous $4.5 billion valuation in late 2021.
Bank-to-fintech Matchmaker Nayaone Raises $4.7M
2024-02-28T06:06:25.178196-05:00https://www.thetrustedinsight.com/investment-news/bank-to-fintech-matchmaker-nayaone-raises-47m-20240228674/
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million. :
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million. The funding round was led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. Valley Bank is the first US adopter of NayaOne's technology, which comprises a sandbox for testing innovative technology from a curated marketplace of vetted fintechs.
Jeff Bezos-backed Brazil Fintech Stark Bank Doesn't 'believe In Remote Work' | Fortune
2024-02-19T20:31:06.296068-05:00https://www.thetrustedinsight.com/investment-news/jeff-bezos-backed-brazil-fintech-stark-bank-doesnt-believe-in-remote-work-fortune-20240219399/
"We need people who are aligned with what we’re building," says Rafael Stark, founder of Sao Paulo-based Stark Bank. :
Stark Bank, one of the few Latin America startups to receive funding from Jeff Bezos’ family office, is generating profits from its business of helping companies handle payments, while leaving cash raised from its funding rounds nearly untouched.
Fintech Exodus Continues As Family Finance App Nosso Winds Down
2024-02-13T07:31:06.044017-05:00https://www.thetrustedinsight.com/investment-news/fintech-exodus-continues-as-family-finance-app-nosso-winds-down-20240213174/
Family finance app Nosso is the latest UK fintech to bite the dust, following in the footsteps of circular economy firm Twig, open banking player Kikapay and business app Paysme,
Hedge Fund Hires Who Joined $12bn Fintech Given One Hour To Leave
2024-01-25T14:21:07.541328-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-hires-who-joined-12bn-fintech-given-one-hour-to-leave-20240125581/
While we're (hopefully) past the worst when it comes to fintech layoffs, we can expect more to come in 2024. The latest example comes from $12bn valued spending management platform Brex, which hired names from some big financial institutions and is now letting them go.The fintech, which says it grew too quickly, is firing 20% of its 'brexlings' or around 282 of its employees. It's also organized an alumni list, showing who's out. Some of those on the list joined Brex from hedge funds.
Fintech Firm Finagg Technologies Raises $11M In Series A Funding
2024-01-18T13:11:05.925443-05:00https://www.thetrustedinsight.com/investment-news/fintech-firm-finagg-technologies-raises-11m-in-series-a-funding-20240118353/
The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation.
Citi Joins £25M Series A For Uk Fintech Zilo
2024-01-09T06:01:16.923071-05:00https://www.thetrustedinsight.com/investment-news/citi-joins-25m-series-a-for-uk-fintech-zilo-20240109002/
UK-based asset and wealth management software vendor Zilo has raised £25 million in a Series A funding round joined by Citi.
Funds For Fintech Cos Hit 3-year Low At $2 Bn | Mint
2024-01-04T14:11:05.902138-05:00https://www.thetrustedinsight.com/investment-news/funds-for-fintech-cos-hit-3-year-low-at-2-bn-mint-20240104890/
Fintech funding in India declined by 63% in 2023, reaching a total of $2 billion. Only five rounds surpassed the $100 million mark. The decline is attributed to high borrowing costs and challenging macroeconomic factors. InCred was the only unicorn in 2023.
Scope Launches $45 Mn Venture Capital Fund For Fintech, Gaming Sectors
2023-12-26T06:41:06.490649-05:00https://www.thetrustedinsight.com/investment-news/scope-launches-45-mn-venture-capital-fund-for-fintech-gaming-sectors-20231226595/
SCOPE, an invite-only networking platform for the startup ecosystem, on Tuesday announced the launch of a USD 45 million venture capital fund focused on driving innovation in the fast-evolving fintech and gaming sectors. This strategic initiative underlines SCOPE's commitment to fostering innovation, collaboration, and growth within the startup community, according to a release. The VC arm will operate as an independent entity under the SCOPE ambit, to identify, nurture, and accelerate "groundbreaking startups that demonstrate exceptional promise and disruptive potential".
Scope Launches $45 Mn Vc Fund For Fintech, Gaming Startups
2023-12-26T06:01:40.632269-05:00https://www.thetrustedinsight.com/investment-news/scope-launches-45-mn-vc-fund-for-fintech-gaming-startups-20231226589/
New Delhi, Dec 26 (IANS): SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors. SCOPE’s VC arm will operate as an independent entity to identifying, nurturing, and accelerating groundbreaking startups that demonstrate exceptional promise and disruptive potential.....
Saudi Savings Fintech Hakbah Closes $5.2M Fund Raise
2023-12-20T09:41:06.609404-05:00https://www.thetrustedinsight.com/investment-news/saudi-savings-fintech-hakbah-closes-52m-fund-raise-20231220431/
Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise. :
Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise.
Canapi Ventures Raises $750M Fintech Fund
2023-12-07T20:11:06.275165-05:00https://www.thetrustedinsight.com/investment-news/canapi-ventures-raises-750m-fintech-fund-20231207938/
Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund. :
Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund. Founded by former Comptroller of the Currency Gene Ludwig and Live Oak Bancshares CEO Chip Mahan, Canapi launched with its first fund in 2020, securing backing from more than 30 banks and strategic investors for a $545 million fund.
Hong Kong Fintech Week 2023 Redefines Fintech As Digitalising Finance And Transforming Real Economy
2023-12-01T06:02:06.573088-05:00https://www.thetrustedinsight.com/investment-news/hong-kong-fintech-week-2023-redefines-fintech-as-digitalising-finance-and-transforming-real-economy-20231201644/
Hong Kong FinTech Week (HKFW) 2023 concluded on November 5, capping off a week-long feast of fintech that included the Greater Bay Area (GBA) Day on October 31 and the two-day main conference on November 2 and 3, where fintech leaders, regulators, and innovators around the world gathered to discuss the rapid fintech industry evolution in Hong Kong and across the region, as well as highlighting the resulting transformation impact on the real economy.
Top 10 London Fintech Companies
2023-11-23T09:01:17.713609-05:00https://www.thetrustedinsight.com/investment-news/top-10-london-fintech-companies-20231123373/
By Anna Jordan on Growth Business - Your gateway to entrepreneurial success
Financial technology is an exciting industry ripe with innovation. We showcase the top 10 London fintech companies to watch out for
The post Top 10 London fintech companies appeared first on Growth Business.
Fintech Startup Kiwi Raises $13mn In Series A Led By Omidyar
2023-11-21T06:12:41.583674-05:00https://www.thetrustedinsight.com/investment-news/fintech-startup-kiwi-raises-13mn-in-series-a-led-by-omidyar-20231121270/
This funding will enable Kiwi to further expand its ‘credit cards on UPI’ offerings in India. :
New Delhi: Fintech startup Kiwi has raised $13 million in a Series-A funding round led by Omidyar Network India. Existing investors, Nexus Venture Partners and Stellaris Venture Partners also participated in this round. According to the company, this funding will enable Kiwi to further expand its ‘credit cards on UPI’ offerings in India.
Fintech Unicorn Slice Secures $9 Mn Funding From Stride Ventures
2023-11-14T09:11:06.312411-05:00https://www.thetrustedinsight.com/investment-news/fintech-unicorn-slice-secures-9-mn-funding-from-stride-ventures-20231114985/
After raising $50 Mn in its Series C funding round led by Tiger Global in June 2022, lending tech unicorn…
A Fintech Titan In Community Banker’s Clothing
2023-11-14T07:01:06.430435-05:00https://www.thetrustedinsight.com/investment-news/a-fintech-titan-in-community-bankers-clothing-20231114977/
Already a force to be reckoned with in Silicon Valley, once-and-future billionaire Jackie Reses is out to disrupt financial services with a 95-year-old Missouri bank—without disturbing federal regulators.
Truist Invests In Mendoza Venture's $100M Early-growth Fintech Fund
2023-11-10T06:11:05.788165-05:00https://www.thetrustedinsight.com/investment-news/truist-invests-in-mendoza-ventures-100m-early-growth-fintech-fund-20231110874/
Mendoza Ventures, a female and Latinx-founded Fintech, AI, and Cybersecurity Venture Capital firm, has announced that Truist Ventures is investing in its Early Growth Fintech Fund as a limited partner.
Ai Fintech Black Ore Emerges From Stealth With $60M
2023-11-07T19:31:06.384645-05:00https://www.thetrustedinsight.com/investment-news/ai-fintech-black-ore-emerges-from-stealth-with-60m-20231107759/
Black Ore, a startup developing AI tools for financial services firms, has emerged from stealth with $60 million in financing led by a16z and Oak HC/FT, with participation from a host of big-name angel investors.
Volante Technologies Raises $66 Million In Strategic Investment Round Led By Sixth Street Growth - Latest Round Brings Total Outside Investment In Cloud Payments Fintech To $116M
2023-11-07T09:41:06.327109-05:00https://www.thetrustedinsight.com/investment-news/volante-technologies-raises-66-million-in-strategic-investment-round-led-by-sixth-street-growth-latest-round-brings-total-outside-investment-in-cloud-payments-fintech-to-116m-20231107737/
Volante Technologies, the global leader in cloud payments modernization, today announced that it has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital. This latest round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116 million.
All About You: Woman-led Fintech Startup Youtrip Raises $50M From Lightspeed
2023-10-31T07:11:44.864675-04:00https://www.thetrustedinsight.com/investment-news/all-about-you-woman-led-fintech-startup-youtrip-raises-50m-from-lightspeed-20231031387/
YouTrip raised $50 million in a Series B funding round from new investor Lightspeed Venture Partners, bringing its total funds raised to $105.5 million.
Fintech Trends - Use Cases In Government Services
2023-10-16T11:01:07.070722-04:00https://www.thetrustedinsight.com/investment-news/fintech-trends-use-cases-in-government-services-20231016752/
Fintech's
revolutionary power extends well beyond traditional banking. Government
services, which are sometimes characterized by red tape and inefficiency, are
increasingly leveraging fintech advances to improve efficiency, accessibility,
and transparency. This convergence of technology and public administration has
the potential to transform the way citizens interact with their governments. Using
Blockchain to Simplify TaxationThe use of
blockchain technology for taxation is one of the most potential applications of
fintech in government services. The distributed ledger structure of blockchain
provides unprecedented openness and security, making it an ideal choice for tax
collecting and tracking.
Indonesian Fintech Startup Investree Raises $231M Series D, Sets Up Joint Venture In Qatar
2023-10-05T13:11:07.037611-04:00https://www.thetrustedinsight.com/investment-news/indonesian-fintech-startup-investree-raises-231m-series-d-sets-up-joint-venture-in-qatar-20231005326/
The Series D was led by JTA International Holding in Qatar, with participation from Japanese online financial conglomerate SBI Holdings.
European Fintechs "shocked" How Much Worse Us Engineers Are
2023-10-05T08:31:06.869666-04:00https://www.thetrustedinsight.com/investment-news/european-fintechs-shocked-how-much-worse-us-engineers-are-20231005310/
If you work in fintech, chances are you want a job in the US. Ecosystems like New York and San Francisco are home to some of the largest fintechs in the industry but, from a talent perspective, the people there might be subpar. At the 2023 Sifted Summit, a panel featuring venture capitalists from US based VC firms discussed why they want in on Europe. For panelists Alex Ferrara, partner at Bessemer Ventures and Ritika Pai, principal at Iqoniq Growth, one of the top things Europe has is engineering talent.
The Top Ten Global Fintech Conferences: From Ai To Zombie Unicorns
2023-09-24T07:31:06.347158-04:00https://www.thetrustedinsight.com/investment-news/the-top-ten-global-fintech-conferences-from-ai-to-zombie-unicorns-20230924801/
Industry movers and shakers make a point of attending the most influential global fintech conferences. Here are ten for your calendar to keep you busy until next summer.
Us Hedge Fund In Singapore Hired Ex-fintech And Private Equity Guy As A Trader
2023-09-18T09:21:08.127523-04:00https://www.thetrustedinsight.com/investment-news/us-hedge-fund-in-singapore-hired-ex-fintech-and-private-equity-guy-as-a-trader-20230918526/
You don't often see people move from fintech to hedge funds, but D.E. Shaw appears to have hired an exception. Its newest trader, despite being a recent graduate, has experience across banking, fintech and private equity. Aloïs Savanne joins D.E. Shaw as a macro trader in discretionary currency and emerging markets trading. He was previously a product manager at payments fintech Airwallex in Shanghai, but will be operating between D.E. Shaw's New York and Singapore offices. Before Airwallex Savanne's prior experience involved a tour of big name brands, although none of them were in trading.
Fintech Saas Startup Perfios Raises $229 Mn In A Mix Of Primary & Secondary Sale - Inc42 Media
2023-09-11T07:01:34.200696-04:00https://www.thetrustedinsight.com/investment-news/fintech-saas-startup-perfios-raises-229-mn-in-a-mix-of-primary-secondary-sale-inc42-media-20230911206/
Bengaluru-based fintech startup Perfios has signed an agreement with Kedaara Capital for an investment of $229 Mn in the startup’s…
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Lessons Building Nubank To The Largest Neobank In The World, How Ai Changes The Future Of Finance, Leadership Lessons From Sequoia's Doug Leone & What European And Us Fintech Can Learn From Latam With David Velez, Founder @ Nubank
2023-09-11T07:01:23.841687-04:00https://www.thetrustedinsight.com/investment-news/the-twenty-minute-vc-20vc-venture-capital-startup-funding-the-pitch-20vc-lessons-building-nubank-to-the-largest-neobank-in-the-world-how-ai-changes-the-future-of-finance-leadership-lessons-from-sequoias-doug-leone-what-european-and-us-fintech-can-learn--20230911205/
David Velez is the Founder and CEO of Nubank, one of the largest and fastest-growing financial institutions in the world. 1 in 2 people in Brazil alone have a Nubank account. Nubank's purple credit card in Mexico is the highest-rated NPS product of any consumer product in the world. Before founding Nubank in 2013, David was a partner at Sequoia Capital between 2011 and 2013, in charge of the firm’s Latin American investments group. Before Sequoia, David worked in investment banking and growth equity at Goldman Sachs, Morgan Stanley and General Atlantic.
Tickmill Group Buys Mobile Trading Fintech Change
2023-09-06T07:06:29.984194-04:00https://www.thetrustedinsight.com/investment-news/tickmill-group-buys-mobile-trading-fintech-change-20230906055/
Swiss-based
private equity firm Andromeda Capital Partners, owned by popular retail trading brand Tickmill, is acquiring a majority stake in Change, an Amsterdam-based fintech
company. According to Ingmar Mattus, the Co-Founder of both entities, the deal
will elevate Change, known for its mobile-first multi-asset brokerage platform,
to a global contender in the investment world. The transaction is expected to
close in October, pending approval from Dutch regulators.Andromeda Capital Acquires
Majority Stake in Change Andromeda
Capital Partners will increase its ownership in Change from 10% to 51%. The
shares will be acquired from Change's Founder, Kristjan Kangro.
Global Fintech Festival 2023 Aims To Aid Startups Bag $10 Mn In Funding
2023-08-18T12:11:06.551054-04:00https://www.thetrustedinsight.com/investment-news/global-fintech-festival-2023-aims-to-aid-startups-bag-10-mn-in-funding-20230818379/
Global Fintech Festival (GFF) organisers on Friday said they are aiming to facilitate funding of over USD 10 million at the upcoming event in the financial capital. This funding target is for startups alone and excludes growth-stage companies which will initiate conversations with investors at the three-day GFF starting from September 5. "In the start-up category, about USD 10-20 million funding will happen at the event itself," its organizers and advisory board member Naveen Surya said.
Baron Fintech Fund Q2 2023 Quarterly Letter
2023-08-16T15:01:07.194105-04:00https://www.thetrustedinsight.com/investment-news/baron-fintech-fund-q2-2023-quarterly-letter-20230816289/
In the quarter ended June 30, 2023, Baron FinTech Fund® (the Fund) rose 5.29% (Institutional Shares) compared with a 5.78% gain for the FactSet Global FinTech Index (the Benchmark). Since inception (December 31, 2019), the Fund has risen 6.59% on an annualized basis compared with a 0.41% decline for the Benchmark. Performance listed in the above table is net of annual operating expenses.
Billionaire-backed Fintech Becomes Hong Kong’s Latest Unicorn With $458M Round, Baillie Gifford Joins As A New Investor
2023-08-08T07:16:45.939395-04:00https://www.thetrustedinsight.com/investment-news/billionaire-backed-fintech-becomes-hong-kongs-latest-unicorn-with-458m-round-baillie-gifford-joins-as-a-new-investor-20230808934/
The funding round, which values the two-year-old startup at $1.7 billion, included participation from Lenovo Capital, Vectr Fintech and Dara Holdings.
Ex-alibaba Exec's Fund Bets Big On 'golden Era' Of Asean Fintech - Nikkei Asia
2023-07-31T07:01:06.136236-04:00https://www.thetrustedinsight.com/investment-news/ex-alibaba-execs-fund-bets-big-on-golden-era-of-asean-fintech-nikkei-asia-20230731576/
SINGAPORE -- A Hong Kong-based private equity fund led by a former Alibaba executive is ramping up its bets on Southeast Asia's financial technology sector, pushing to help promising startups become so-called unicorns by reaching valuations of over $1 billion. Founded just over a year ago, 01Fintech recently joined Marshall Wace of the U.K., one of the world's largest hedge fund managers, and U.S. venture capital company Bessemer Venture Partners in a Series C fundraising round by Singapore-based cross-border payments network startup Thunes.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Why Fund Sizes Should Be Smaller, Should Founders Also Have Their Own Funds, Is Emerging Markets Investing Gone, Is Fintech Investing Dead & Who Will Be The Winners And Losers In Vc In The Next 10 Years With Sheel Mohnot, Co-founder @ Btv
2023-07-14T07:31:20.117120-04:00https://www.thetrustedinsight.com/investment-news/the-twenty-minute-vc-20vc-venture-capital-startup-funding-the-pitch-20vc-why-fund-sizes-should-be-smaller-should-founders-also-have-their-own-funds-is-emerging-markets-investing-gone-is-fintech-investing-dead-who-will-be-the-winners-and-losers-in-vc-in--20230714964/
Sheel Mohnot is a Co-Founder and General Partner @ Better Tomorrow Ventures, a $225M fund that leads rounds in pre-seed and seed-stage fintech companies globally. Sheel and Jake (his co-founder) invested for many years together before founding BTV and wrote checks into Mercury, Flexport, Ramp, and Hippo Insurance to name a few. As for Sheel, before BTV he ran 500 Fintech for close to 7 years, and before that was a founder, founding two companies, both of which were acquired. In Today's Episode with Sheel Mohnot We Discuss: 1. VC Needs to Change: Why does Sheel believe that VCs should have smaller funds?
Gic-backed $2B Fintech Nium Targets Us Ipo In Two Years
2023-07-04T07:06:17.706669-04:00https://www.thetrustedinsight.com/investment-news/gic-backed-2b-fintech-nium-targets-us-ipo-in-two-years-20230704615/
Nium, valued at about $2 billion, is preparing to go public in the US by the second quarter of 2025, co-founder and Chief Executive Officer Prajit Nanu said in an interview in Singapore.
Fintech Firm Scapia Raises $9 Mn In Funding Round Led By Matrix Partners
2023-06-28T07:41:09.890949-04:00https://www.thetrustedinsight.com/investment-news/fintech-firm-scapia-raises-9-mn-in-funding-round-led-by-matrix-partners-20230628408/
Fintech firm Scapia has raised USD 9 million (about Rs 74 crore) in a seed funding round led by Matrix Partners India for scaling up its co-branded credit card business, the company said on Wednesday. Tanglin Venture Partners, Binny Bansal's 3STATE Ventures and notable angel investors such as Keki Mistry (HDFC CEO) also participated in the funding round. Scapia is a travel fintech company on a mission to make travel accessible through its suite of financial products. It has launched co-branded credit card in partnership with Federal Bank which has been developed to target travelers.
Welsh Fintech Secures $13M In Funding
2023-06-26T07:01:40.981287-04:00https://www.thetrustedinsight.com/investment-news/welsh-fintech-secures-13m-in-funding-20230626287/
A mobile card payments startup based in Wales has announced a $13m investment led by ventuire capital firm Crossfin Holdings.
How Sbm India’s Baffling Silence On Re-kyc Has Put Fintech Lenders, Users In A Tizzy
2023-06-17T07:01:09.765759-04:00https://www.thetrustedinsight.com/investment-news/how-sbm-indias-baffling-silence-on-re-kyc-has-put-fintech-lenders-users-in-a-tizzy-20230617000/
More than eight Lakh corporate credit card users from startup and SME sectors have hit a wall since April this…
Brazilian Fintech Kanastra Closes $13M Seed Investment
2023-06-15T12:41:06.660222-04:00https://www.thetrustedinsight.com/investment-news/brazilian-fintech-kanastra-closes-13m-seed-investment-20230615949/
Kanastra, a capital markets infrastructure fintech in Brazil, is today announcing a $13 million seed round investment, one of the largest at this stage in Latin America.
Qed Raises Almost $1B For Fintech Funding
2023-05-23T13:11:06.649950-04:00https://www.thetrustedinsight.com/investment-news/qed-raises-almost-1b-for-fintech-funding-20230523037/
Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million. :
Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million.
Fintech Seed Rounds Increased Nearly 50% Amidst Challenging 2022 Funding Environment
2023-05-19T19:01:07.197169-04:00https://www.thetrustedinsight.com/investment-news/fintech-seed-rounds-increased-nearly-50-amidst-challenging-2022-funding-environment-20230519900/
Venture investments into fintechs headquartered in North America dipped to $24.39 billion in 2022, a decline of 34% from the year prior, according to S&P Global Market Intelligence’s recently released Global Fintech Funding Trends report.
Smbc Launches $200M Fund To Invest In Asian Fintech Startups - Nikkei Asia
2023-05-08T07:01:15.925260-04:00https://www.thetrustedinsight.com/investment-news/smbc-launches-200m-fund-to-invest-in-asian-fintech-startups-nikkei-asia-20230508338/
TOKYO -- Sumitomo Mitsui Banking Corp. (SMBC) and Incubate Fund, a Tokyo-based venture capital company, have jointly set up a fund in Singapore to invest in promising fintech and other startups in Asia. The new fund, SMBC Asia Rising Fund,will manage $200 million, most of which comes from the Japanese mega bank. It will invest in fintech startups with advanced technologies in payment, lending and other fields in a bid to promote financial services with them in Asia.
Latam Fintech Clara Raises $60M
2023-04-29T23:01:06.454954-04:00https://www.thetrustedinsight.com/investment-news/latam-fintech-clara-raises-60m-20230429013/
Clara, the leading end-to-end spend management solution for companies in Latin America, today announced that it has closed $60M USD in an equity financing round led by GGV Capital. In addition, GGV Managing Partner Hans Tung will join the company’s Board of Directors.
Amex Ventures Vets Launch $78M Fintech Fund
2023-04-23T19:11:07.122497-04:00https://www.thetrustedinsight.com/investment-news/amex-ventures-vets-launch-78m-fintech-fund-20230423762/
A group of three former Amex Ventures managing directors has secured $78 million for their debut fund backing early-stage fintech startups.
Apple Card's Savings Account Part Of Tech Giant's Fintech Plans
2023-04-18T08:31:27.890914-04:00https://www.thetrustedinsight.com/investment-news/apple-cards-savings-account-part-of-tech-giants-fintech-plans-20230418506/
Apple Card's recently announced savings account shows how the tech giant is quietly becoming a fintech powerhouse. :
Hi! Dan DeFrancesco in NYC, but I'm considering making a trip to Canada to nab some of these chocolate bars from this woman who literally can't give them away fast enough. Today we've got stories on BlackRock's Larry Fink taking a pay cut, KKR's new look, and perhaps NYC's most exclusive gym. What's the first name that popped into your head? Robinhood? Stripe? PayPal? Chime? Plaid? Square?
Jpmogan Joins With Fearless Fund To Support Black Women Entrepreneurs In Fintech
2023-04-12T13:31:06.496398-04:00https://www.thetrustedinsight.com/investment-news/jpmogan-joins-with-fearless-fund-to-support-black-women-entrepreneurs-in-fintech-20230412271/
Fearless Fund, the first venture capital fund built by women of color, for women of color, has announced a new industry-specific cohort of the Get Venture Ready (GVR) Program in partnership with JPMorgan Chase.
Fintech Startups Steal The Show In Q1 2023, Raise 45% Of Total Funding
2023-04-02T07:01:06.404805-04:00https://www.thetrustedinsight.com/investment-news/fintech-startups-steal-the-show-in-q1-2023-raise-45-of-total-funding-20230402822/
Amid the ongoing funding winter and multiple regulatory changes, fintech emerged as the top sector in the first quarter of…
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: The Secret To Negotiating; Making $50bn For Yahoo On Alibaba | Why Everything You Know About Hiring Is Wrong; Domain Knowledge And Past Experience Are Dangerous | The Next 10 Years For Fintech; Winners, Losers And Crypto With Jackie Reses, Ceo @ Lea
2023-03-31T08:01:06.167143-04:00https://www.thetrustedinsight.com/investment-news/the-twenty-minute-vc-20vc-venture-capital-startup-funding-the-pitch-20vc-the-secret-to-negotiating-making-50bn-for-yahoo-on-alibaba-why-everything-you-know-about-hiring-is-wrong-domain-knowledge-and-past-experience-are-dangerous-the-next-10-years-for-fi-20230331773/
Jackie Reses is the Chair and CEO of Lead Bank, a community bank in Kansas City. Previously, she was the Executive Chairman of Square Financial Services and Capital Lead and Head of the People Team at Block Inc (Square). Prior, she had leadership positions at Yahoo! and was a Partner at Apax Partners Worldwide. Jackie also spent seven years at Goldman Sachs in mergers and acquisitions and the principal investment area. Jackie is on the board of directors of Endeavor, Affirm and Nubank. Previously, she served on the Board of Directors of Alibaba Group.
Fintech Startup Rain Raises $116M To Speed Up Hourly Workers’ Pay Cycles
2023-03-21T08:11:06.400353-04:00https://www.thetrustedinsight.com/investment-news/fintech-startup-rain-raises-116m-to-speed-up-hourly-workers-pay-cycles-20230321252/
The company’s earned-wage access service lets employees get their wages at the end of a shift instead of waiting for the end of a two-week pay cycle.
Tiger, Softbank Writedowns Signal Fintech Chilling Effect
2023-03-17T12:31:18.079402-04:00https://www.thetrustedinsight.com/investment-news/tiger-softbank-writedowns-signal-fintech-chilling-effect-20230317083/
Valuation of investments and companies remains an exercise in paper gains and paper losses. Nothing’s final until the investor, the VC fund or the mutual fund pulls the trigger. But a spate of recent markdowns of privately-held tech firms — the startups and even the darlings of FinTech and other sectors — shows that returns […]
See The Pitch Deck A Fintech Startup Used To Raise $10M
2023-03-13T11:01:22.850409-04:00https://www.thetrustedinsight.com/investment-news/see-the-pitch-deck-a-fintech-startup-used-to-raise-10m-20230313647/
The SoLo Funds team closed a $10 million Series A raise from investors like ACME Capital and Impact America in February 2021.
Fintech Brex Got Billions Of Dollars In Silicon Valley Bank Deposits Thursday
2023-03-10T14:31:44.841623-05:00https://www.thetrustedinsight.com/investment-news/fintech-brex-got-billions-of-dollars-in-silicon-valley-bank-deposits-thursday-20230310437/
Companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB's stock tanked. :
Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture capital firms advised their portfolio companies to withdraw funds from Silicon Valley Bank this week. Brex opened thousands of new accounts totaling billions of dollars in inflows on Thursday, said a person with direct knowledge of the situation.
Investors Reveal What’s Hot In Fintech In Q1 2023
2023-03-09T12:19:05.637894-05:00https://www.thetrustedinsight.com/investment-news/investors-reveal-whats-hot-in-fintech-in-q1-2023-20230309342/
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing.
Monnai Bags $6.5M Funding To Promote Ai-driven Decisioning To Fintechs | Venturebeat
2023-03-09T09:11:06.462230-05:00https://www.thetrustedinsight.com/investment-news/monnai-bags-65m-funding-to-promote-ai-driven-decisioning-to-fintechs-venturebeat-20230309330/
Monnai announces $6.5 million funding round to pursue AI-driven decisioning for FinTech. How graph-based UI identifies dangerous fraud. :
Monnai, a provider of a consumer insights platform for financial organizations, has announced a series A funding round of $6.5 million. The company will use the funding to bolster its AI-driven decisioning capabilities. The round was led by Tiger Global, with participation from existing investors including Better Tomorrow Ventures, 500 Global and Emphasis Ventures (EMVC). The new investment brings the total raised by Monnai to nearly $10 million.
Fintech Firms May Struggle To Find Investor Love In Rebounding Us Ipo Market - Cna
2023-03-08T12:31:06.148269-05:00https://www.thetrustedinsight.com/investment-news/fintech-firms-may-struggle-to-find-investor-love-in-rebounding-us-ipo-market-cna-20230308284/
The once high-flying fintech startups looking to go public will have a hard time attracting investor attention, even though a freeze that has gripped the market for new listings is starting to thaw. Activities related to initial public offerings (IPO) in the United States came to a standstill for more than a year as the U.S. Federal Reserve's aggressive monetary-tightening policy sucked out easy money from the system.
How Did Jpmorgan Fall For Fintech Startup Frank?
2023-02-27T17:31:19.523652-05:00https://www.thetrustedinsight.com/investment-news/how-did-jpmorgan-fall-for-fintech-startup-frank-20230227841/
In March of 2021, an investor in student loan startup Frank read a glowing article about the young company, founded by then 28-year-old Charlie Javice as a way to help students navigate the byzantine world of student loans. Javice, during her relatively few years as a founder, received much positive press from several different outlets, including earning a spot on the Forbes 30 Under 30 list in 2019.
Fintech Saas Platform Mintoak Raises $20M Led By Paypal Ventures
2023-02-21T06:06:08.938330-05:00https://www.thetrustedinsight.com/investment-news/fintech-saas-platform-mintoak-raises-20m-led-by-paypal-ventures-20230221537/
The startup plans to use the raised capital to ramp up its tech stack and double down on the existing product portfolio.
Vietnamese Fintech Startup Gimo Hits First Close Of Series A At $5.1M
2023-02-20T06:41:06.507633-05:00https://www.thetrustedinsight.com/investment-news/vietnamese-fintech-startup-gimo-hits-first-close-of-series-a-at-51m-20230220511/
Vietnam’s fintech start-up GIMO has announced the first close of its Series A funding with a US$5.1 million investment led by TNB Aura.
London Fintech Kennek Raises $4.5M Pre-seed Funding
2023-02-09T07:31:19.057071-05:00https://www.thetrustedinsight.com/investment-news/london-fintech-kennek-raises-45m-pre-seed-funding-20230209095/
London-based fintech firm kennek has raised a $4.5 million pre-seed funding round. :
The company has developed an end-to-end operating system designed to streamline the operations for lenders, credit investors, corporates, and servicers in the alternative credit sector. In its first year of trading, kennek has already hired 20 fulltime staff, and launched a plug-and-play operating system that caters for a broad variety of lenders and credit products. The company’s UK operation has already secured commercial wins with clients operating the areas of SME loans, R&D credit and Commercial Real Estate.
Ev Fintech Startup Turno Raises $13.8 Mn Funding From B Capital, Others
2023-02-09T06:06:18.156200-05:00https://www.thetrustedinsight.com/investment-news/ev-fintech-startup-turno-raises-138-mn-funding-from-b-capital-others-20230209088/
Commercial EV-focused fintech startup Turno has raised $13.8 Mn (around INR 112 Cr) in a Series A funding round co-led…
Fintech Funding Down 50% In 2022
2023-02-02T09:01:41.328288-05:00https://www.thetrustedinsight.com/investment-news/fintech-funding-down-50-in-2022-will-2023-be-better-20230202823/
Global fintech funding slumped by 46% to $75.2 billion in 2022. During the last quarter of the year, the industry generated $10.7 billion in funding, which is its lowest since 2018. The overall decrease reflects reduced funding across verticals in the industry, from payments, banking, and digital lending to wealthtech, insurtech and capital markets tech.
Fintech Moov Raises $45M From Visa, Andreessen Horowitz, Bain Capital Ventures And Others
2023-01-31T22:31:06.417719-05:00https://www.thetrustedinsight.com/investment-news/fintech-moov-raises-45m-from-visa-andreessen-horowitz-bain-capital-ventures-and-others-20230131750/
Visa, the payments giant, has made its first investment in Moov Financial, which provides a platform that lets companies embed payments into their software. Moov just raised $45 million in a Series B round led by Commerce Ventures that also saw participation from Andreessen Horowitz, Bain Capital Ventures, and Sorenson Ventures. Dan Rosen, founder and partner of Commerce Ventures, will join Angela Strange, a general partner at Andreessen, and Matt Harris, a BCV partner, on Moov’s board. Moov has collected $77.5 million in total, according to Wade Arnold, Moov’s cofounder and CEO.
Fintech Startups In India Raise $5.65 Bn In 2022, 47% Drop From 2021 | Business Standard News
2023-01-19T06:01:06.322053-05:00https://www.thetrustedinsight.com/investment-news/fintech-startups-in-india-raise-565-bn-in-2022-47-drop-from-2021-business-standard-news-20230119234/
Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47% in terms of funding amount and 29% in the number of rounds when compared with 2021.
Black Woman Develops Fintech Platform, Raises $6.2M Funding
2023-01-13T08:11:06.419007-05:00https://www.thetrustedinsight.com/investment-news/black-woman-develops-fintech-platform-raises-62m-funding-20230113007/
Sika Health CEO Ami Kumordzie is reinventing how consumers pay for health needs. :
Physician Ami Kumordzie developed a fintech platform with no experience and a mission to connect consumers with IRS-compliant merchants, urging people to invest in improving their health. According to Forbes, after the Sika Health CEO observed the flaws within the healthcare system while studying at Stanford University School of Medicine, she decided not to go into residency and got her M.B.A. instead.
Groww Acquires Minority Stake In Fintech Startup Digio
2023-01-12T12:01:06.797637-05:00https://www.thetrustedinsight.com/investment-news/groww-acquires-minority-stake-in-fintech-startup-digio-20230112969/
Fintech unicorn Groww has reportedly made a strategic investment in fintech SaaS startup Digio, acquiring a minority stake in it. …
The Top Trends In Fintech For 2023, According To Vcs
2023-01-10T09:31:18.246717-05:00https://www.thetrustedinsight.com/investment-news/the-top-trends-in-fintech-for-2023-according-to-vcs-20230110857/
As one venture capital investor recently described it to me, it feels like a “tough” time for fintech right now. Though VCs invested record amounts of cash into fintech startups in 2021, per PitchBook data, deal value tumbled in 2022.
Fintech Startup Sarvagram Solutions Raises $35 Mn In Funding Round | Business Standard News
2023-01-03T06:31:17.159007-05:00https://www.thetrustedinsight.com/investment-news/fintech-startup-sarvagram-solutions-raises-35-mn-in-funding-round-business-standard-news-20230103554/
Fintech startup SarvaGram Solutions has raised USD 35 million (about Rs 290 crore) in a funding round from a clutch of investors including Elevar Equity, Elevation Capital, Temasek and TVS Capital Funds. SarvaGram provides a range of customised financial and capacity-enhancing products to unlock the potential of aspirational rural India. It closed its Series B round at USD 10 million in February 2021, which was led by Elevation Capital and Elevar Equity. The company announced "close of its Series C round at USD 35 million.
Top Fintech Stories On Startups, Banks, Hedge Funds
2022-12-30T08:21:21.224104-05:00https://www.thetrustedinsight.com/investment-news/top-fintech-stories-on-startups-banks-hedge-funds-20221230478/
Wall Street is all about its tech these days. We pulled together our best stories covering startups, banks, and hedge funds efforts to innovate.
Fintech Firm Backed By Hong Kong Billionaire Richard Li Raises $22M In Funding Round Led By Pccw
2022-12-27T06:11:06.248683-05:00https://www.thetrustedinsight.com/investment-news/fintech-firm-backed-by-hong-kong-billionaire-richard-li-raises-22m-in-funding-round-led-by-pccw-20221227350/
Despite the downturn in startup financing, Hyphen Group, backed by the likes of Hong Kong billionaire Richard Li, Alibaba Entrepreneurs Fund and Goldman Sachs, raised a $22 million funding round.
Jpmorgan, Citi Invest In Fintech Acin
2022-12-15T08:01:06.793448-05:00https://www.thetrustedinsight.com/investment-news/jpmorgan-citi-invest-in-fintech-acin-20221215972/
Acin Ltd., a London-based operator of a risk control data network, on Thursday said it closed $24 million in Series B funding with backing from JPMorgan Chase & Co., Citigroup Inc. , BNP Paribas , Barclays , and Lloyds Banking Group. Existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group, also took part. The funding round comes about four years after Acin was founded by its CEO Paul Ford. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fintech Startup Indiagold Raises $10 Mn Funding From Alpha Wave, Others
2022-11-24T10:01:06.257285-05:00https://www.thetrustedinsight.com/investment-news/fintech-startup-indiagold-raises-10-mn-funding-from-alpha-wave-others-20221124081/
Fintech startup Indiagold has reportedly raised $10 Mn in an extended Series A funding round from its existing investors –…
Motive Partners Acquires Embedded/capital To Grow Early-stage Fintech Portfolio
2022-11-22T06:16:21.402525-05:00https://www.thetrustedinsight.com/investment-news/motive-partners-acquires-embeddedcapital-to-grow-early-stage-fintech-portfolio-20221122952/
Private equity firm Motive Partners has acquired fintech VC embedded/capital, with the aim of creating a specialist fintech investment platform for startups.
Weekly Funding Wrap: Growth-stage Deals In Fintech And Healthtech, Late-stage Deal In Edtech
2022-11-18T11:01:20.535110-05:00https://www.thetrustedinsight.com/investment-news/weekly-funding-wrap-growth-stage-deals-in-fintech-and-healthtech-late-stage-deal-in-edtech-20221118825/
In the week starting November 14, a total of $291 million was raised in major investment deals. Here’s a roundup of the key deals made in the week gone by.
Analysis:us Banks To Pounce On Fintech Deals As Valuations Plunge - Cna
2022-11-17T09:06:08.418182-05:00https://www.thetrustedinsight.com/investment-news/analysisus-banks-to-pounce-on-fintech-deals-as-valuations-plunge-cna-20221117766/
NEW YORK : Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co, are increasingly becoming acquisition targets for traditional U.S. banks as rising interest rates and falling valuations crimp their expansion. The valuations of listed financial technology firms have plunged 70 per cent in 2022, analysts at Jefferies Group said in a note last week. In the same period, the valuations of banks in the S&P 500 are down 33 per cent, while valuations for the S&P 500 are down 23 per cent, according to data from Refinitiv IBES.
The Fintech Layoffs Just Keep On Coming
2022-11-06T19:31:06.160106-05:00https://www.thetrustedinsight.com/investment-news/the-fintech-layoffs-just-keep-on-coming-20221106163/
Chime confirmed that it is letting go of 12% of its employees. This equals about 160 people. According to an internal memo obtained by TechCrunch, Chime co-founder Chris Britt said that the move was one of many that would help the company thrive “regardless of market conditions.” In the memo, Britt said that he and co-founder Ryan King are recalibrating marketing spend, decreasing the number of contractors, adjusting workspace needs and renegotiating vendor contractors. Opendoor announced it was letting go of 18% of its staff. This is around 500 people.
Digital Bank Chime Cuts 12% Of Workforce As Stormy Markets Hurt Fintechs - Cna
2022-11-02T19:01:16.131689-04:00https://www.thetrustedinsight.com/investment-news/digital-bank-chime-cuts-12-of-workforce-as-stormy-markets-hurt-fintechs-cna-20221102994/
(Reuters) - Online banking company Chime has laid off 12 per cent of its employees, a spokesperson said on Wednesday, blaming "current market dynamics" as this year's tech rout slams the once-high valuations of growth startups. The San Francisco-based company slashed about 160 jobs, joining a series of fintechs such as Swedish payments firm Klarna that are looking for ways to cut costs as rampant inflation and the Ukraine crisis worsen business sentiment. Klarna, once Europe's most valuable startup, saw its valuation drop to $6.7 billion in July from $46 billion earlier.
Former Google Exec Caesar Sengupta’s Fintech Startup Raises $90 Mn From Eric Schmidt, Sequoia And Others
2022-11-02T14:31:32.909340-04:00https://www.thetrustedinsight.com/investment-news/former-google-exec-caesar-senguptas-fintech-startup-raises-90-mn-from-eric-schmidt-sequoia-and-others-20221102982/
The company will help its customers invest in asset classes such as private equity, venture capital, private debt, and real estate funds.
Monetary Authority Of Singapore Announces 65 Finalists For The 2022 Global Fintech Hackcelerator And Fintech Awards
2022-10-28T07:16:07.371719-04:00https://www.thetrustedinsight.com/investment-news/monetary-authority-of-singapore-announces-65-finalists-for-the-2022-global-fintech-hackcelerator-and-fintech-awards-20221028754/
The Monetary Authority of Singapore (MAS) announced today the 65 finalists for the Global FinTech Hackcelerator, and the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the highlights of SFF 2022, which will take place from 2 to 4 November 2022. Global FinTech Hackcelerator 20222 The theme for this year’s Global FinTech Hackcelerator is “Accelerating A Greener Digital Future”, with a dual focus on Web 3.0 and Green Finance. The 17 finalists, comprising FinTech firms and solution providers, will pitch their solutions at the Global FinTech Hackcelerator Demo Day at SFF on 2 November 2022.
Parenting Fintech Onward Announces $9.7M Series A Following Significant Growth And Momentum
2022-10-27T11:01:11.178720-04:00https://www.thetrustedinsight.com/investment-news/parenting-fintech-onward-announces-97m-series-a-following-significant-growth-and-momentum-20221027710/
Backed by leading VCs, the popular fintech app supporting co-parents enters its next phase of growth LOS ANGELES, Oct. 27, 2022 /PRNewswire/ -- Onward, the financial platform for co-parents, announced today it has raised $9.7 million in Series A funding led by TTV Capital with...
Hong Kong Fintech Startup Reap Raises $40M For Web3 Payments
2022-10-26T23:41:06.269235-04:00https://www.thetrustedinsight.com/investment-news/hong-kong-fintech-startup-reap-raises-40m-for-web3-payments-20221026680/
Reap said it will continue to build Web3 infrastructure in collaboration with cryptocurrency firms to help provide them access to traditional merchants and physical services.
From Investments To Loans: 12 Fintech Startups Tapping Into India’s Digital Gold Rush
2022-10-22T07:01:21.562775-04:00https://www.thetrustedinsight.com/investment-news/from-investments-to-loans-12-fintech-startups-tapping-into-indias-digital-gold-rush-20221022478/
Buoyed by the growing demand for formal finance and increasing internet penetration, fintech startups are upending traditional methods of banking,…
Ev-focussed Fintech Startup Revfin Raises $10 Mn From Gfc, Lc Nueva Others
2022-10-20T07:01:15.442660-04:00https://www.thetrustedinsight.com/investment-news/ev-focussed-fintech-startup-revfin-raises-10-mn-from-gfc-lc-nueva-others-20221020354/
Delhi NCR-based EV financing startup RevFin has raised $10 Mn in a mix of equity and debt financing Series A…
Fintech Startup Progcap Raises $50 Mn From Beams, Others
2022-10-17T09:31:06.222471-04:00https://www.thetrustedinsight.com/investment-news/fintech-startup-progcap-raises-50-mn-from-beams-others-20221017179/
Supply chain financing startup Progcap has raised another $50 Mn in its Series C funding round. With this, the startup…
Celebrity-backed Fintech For Teens, Step Receives $300M In Debt Funding
2022-10-11T15:41:15.507024-04:00https://www.thetrustedinsight.com/investment-news/celebrity-backed-fintech-for-teens-step-receives-300m-in-debt-funding-20221011927/
The app also launched a crypto trading feature, starting with bitcoin. :
Youth-focused financial technology company Step has raised up to $300 million in debt funding led by Triplepoint Capital and Evolve Bank & Trust. The fresh capital will go toward building out the Step infrastructure and the launch of new products, according to the press release. Step offers a secure Visa card that helps people under the age of 18 build up their credit history.
Australian Fintech Firm Airwallex Raises Us$100 Million, Retains Us$5.5 Billion Valuation - Cna
2022-10-10T23:31:06.326341-04:00https://www.thetrustedinsight.com/investment-news/australian-fintech-firm-airwallex-raises-us100-million-retains-us55-billion-valuation-cna-20221010879/
An Airwallex logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore on Mar 21, 2019. (File photo: Reuters/Anshuman Daga) Australian fintech company Airwallex said on Tuesday (Oct 11) it raised US$100 million in an extension of a funding round, sustaining its US$5.5 billion valuation. The Melbourne-based company said it secured more funds from existing investors, including Tencent Holdings, Sequoia Capital China and Lone Pine Capital. Australian industry superannuation fund HostPlus and a North American pension fund also participated in the round, Airwallex said.
Numida: Serena Ventures Backs Ugandan Lending Fintech Startup
2022-09-28T07:11:18.449272-04:00https://www.thetrustedinsight.com/investment-news/numida-serena-ventures-backs-ugandan-lending-fintech-startup-20220928286/
The funding round was led by Serena Williams' fund Serena Ventures with additional backing coming from the likes of Y Combinator and Breega.
Fintech Startup Signzy Raises Rs 210 Crore From Gaja Capital, Others
2022-09-26T07:06:34.005494-04:00https://www.thetrustedinsight.com/investment-news/fintech-startup-signzy-raises-rs-210-crore-from-gaja-capital-others-20220926163/
Vertex Ventures, Arkam Ventures, Mastercard, Kalaari Capital and Stellaris Venture Partners among investors who took part in the funding round.
Accessfintech Secures $60M In Series C With Investments From Bny Mellon, Jp Morgan And Citi
2022-09-23T09:01:06.110042-04:00https://www.thetrustedinsight.com/investment-news/accessfintech-secures-60m-in-series-c-with-investments-from-bny-mellon-jp-morgan-and-citi-20220923091/
Latest funding round brings the total capital raised by the fintech to $97 million since 2018. The post AccessFintech secures $60 million in Series C with investments from BNY Mellon, JP Morgan and Citi appeared first on The TRADE.
Bank Of America And Bny Mellon Join Accessfintech’s $60M Funding Round
2022-09-23T08:41:06.265334-04:00https://www.thetrustedinsight.com/investment-news/bank-of-america-and-bny-mellon-join-accessfintechs-60m-funding-round-20220923089/
Financial technology firm, AccessFintech has recently completed its $60 million Series C funding round. Led by WestCap, the investment round witnessed participation from financial giants like Bank of America and BNY Mellon.Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech company is planning to use the funds to expand its operations with a focus on the expansion of collaborative data management network.In addition to WestCap, Bank of America, and BNY Mellon, the latest $60 million investment round also saw participation from Dawn Capital, JP Morgan, Goldman Sachs, and Citi Group.
Wall Street Giants Join $60M Accessfintech Funding Round
2022-09-22T10:11:11.241498-04:00https://www.thetrustedinsight.com/investment-news/wall-street-giants-join-60m-accessfintech-funding-round-20220922046/
Capital markets specialist AccessFintech has closed a $60 million Series C funding round led by WestCap and joined by a host of big banks, including BNY Mellon and Bank of America.
Meet 13 People Shaping Walmart's One Fintech Strategy
2022-09-20T09:31:06.036733-04:00https://www.thetrustedinsight.com/investment-news/meet-13-people-shaping-walmarts-one-fintech-strategy-20220920910/
Insider has identified the key folks behind the retailer's secretive endeavor to upend consumer banking. ONE has around 300 employees, including people from Goldman Sachs, Lyft, and Apple.
A Bull Case For Fintech Venture Capital
2022-09-13T11:56:29.551134-04:00https://www.thetrustedinsight.com/investment-news/a-bull-case-for-fintech-venture-capital-20220913585/
'Tourist investors' may well be exiting the fintech venture capital market but many still expect to see long-term returns from startups innovating banking and finance. The longest bull market in history began in March 2009 and, roughly, ended 13 years later at the start of 2022.
Agri-fintech Startup Ayekart Raises $5.5 Mn In Debt & Equity To Fuel Growth
2022-09-07T09:41:05.918494-04:00https://www.thetrustedinsight.com/investment-news/agri-fintech-startup-ayekart-raises-55-mn-in-debt-equity-to-fuel-growth-20220907269/
Agri-fintech startup Ayekart has raised $5.5 Mn in an equity and debt round from corporate lending financial company Caspian Debt…
Fintech Platform Gromo Raises $11mn In Series A Led By Sig Venture Capital | Business Standard News
2022-09-06T08:41:06.074208-04:00https://www.thetrustedinsight.com/investment-news/fintech-platform-gromo-raises-11mn-in-series-a-led-by-sig-venture-capital-business-standard-news-20220906200/
Other investors include Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, Hauz Khas Ventures and a host of angels.
Fintech Startup Rupeek Raising Over $7 Mn From Accel, Sequoia Capital, Others
2022-09-06T07:31:06.106688-04:00https://www.thetrustedinsight.com/investment-news/fintech-startup-rupeek-raising-over-7-mn-from-accel-sequoia-capital-others-20220906192/
Gold loan provider startup Rupeek is raising close to $7.4 Mn from Accel India, Sequoia Capital, Bertelsmann, among others. In…
Fintech Start-up Finagg Raises $3mn In Funding To Expand Business | Business Standard News
2022-09-06T07:11:20.313936-04:00https://www.thetrustedinsight.com/investment-news/fintech-start-up-finagg-raises-3mn-in-funding-to-expand-business-business-standard-news-20220906184/
Company seeks to gain from increasing global supply chain financing volumes. :
FinAGG Technologies, which offers cash-flow based supply chain finance, has raised $3 million in a funding round led by venture capital company BLinC Invest. Existing investor Prime Venture Partners also participated in the Pre-Series A round. The company will use the capital to expand business, launch new products, augment partnerships, and invest in technology.
Berlin-based Fintech Startup Justhome Raises €3.3M
2022-08-31T07:11:48.358744-04:00https://www.thetrustedinsight.com/investment-news/berlin-based-fintech-startup-justhome-raises-33m-20220831966/
Justhome, a Berlin-based home financing startup, has raised €3.3 million in a funding round led by Tiger Global. :
Justhome, a Berlin-based home financing startup, has raised €3.3 million in a funding round led by Tiger Global.