Hongshan Joins $7.8M Funding Round Of Hong Kong Fintech Startup Rd Technologies
The four-year-old startup was founded by Norman Chan, the former chief executive of the Hong Kong Monetary Authority and Standard Chartered Bank’s ex-Asia vice chairman.
Yonder: London Credit Card Fintech Raises $30.1M From Vc Investors
Yonder cofounders Harry Jell, Theso Jivajirajah, and Tim Chong.YonderYonder, a London-based fintech startup, raised $30.1 million in new funding.Founded in 2020, Yonder offers a credit card with rewards for a monthly fee.The funding will expand the team and support European expansion plans.Yonder, a London-based fintech startup, has raised $30.1 million in new funding.Founded in 2020 by former staffers at credit scoring startup Clearscore, Yonder offers users a credit card with rewards such as meals at high-end restaurants, tickets to events, and points toward flights.
Fintech Startup Kaleidofin Raises $13.8M Led By Rabo Partnerships
The startup will use the investment to scale its lending portfolio and expand credit scoring, middleware, and risk services via partnerships.
Pastpay: Hungarian B2b Bnpl Fintech Raises $13.3M In Vc Funding
PastPay, a Hungarian startup that offers businesses buy-now, pay-later services for invoices, has raised $13.3 million in Series A funding. Based in Budapest, PastPay says it provides merchants with flexible payment terms through factoring, a process in which a company sells its accounts receivable to improve liquidity and free up cash flow. Companies typically provide invoices for services, but payment timelines can be tricky, with windows of 15 to 90 days for transfers. Once merchants are approved, PastPay says it provides cash to businesses awaiting invoice payments within 24 hours — minus charges.
Fintech Says It Raised $55M After Tax Authorities File Winding-up Order
The Bank of London announced a fresh funding round just days after it was hit with a winding-up petition by the U.K.’s tax authorities.
Harvest Partners With Ta Associates And Montagu For European Expansion In Fintech Sector
(IN BRIEF) Harvest, a leading FinTech company in France, is entering a new growth phase after partnering with global private equity firms TA Associates and Montagu Private Equity. This new partnership comes after five years of successful growth under the … Read the full press release →
This African Fintech Is Giving Workers A Better Way To Send Money Home
Fintech startup Nala just raised $40 million and plans to build its own payment rails allowing global businesses to move money to and from Africa.
Baron Fintech Fund Q2 2024 Shareholder Letter
In the quarter ended June 30, 2024, Baron FinTech Fund® (the Fund) fell 2.25% (Institutional Shares) compared with a 5.78% decline for the FactSet Global FinTech Index (the Benchmark). Since inception, the Fund has risen at a 9.41% annualized rate compared with 0.80% for the Benchmark. Performance listed in the above table is net of annual operating expenses. The gross annual expense ratio for the Retail Shares and Institutional Shares as of December 31, 2023 was 1.66% and 1.21%, respectively, but the net annual expense ratio was 1.20% and 0.95% (net of the Adviser's fee waivers), respectively.
Mexican Fintech Stori Raises $212M
Mexican fintech unicorn Stori has raised $212 million in equity and debt financing. :
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The round includes US$105 million in equity led by Notable Capital and BAI with participation from new and existing investors ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed Ventures, and Tresalia, and US$107 million in new debt financing provided by Goldman Sachs and Davidson Kempner Capital Management LP.
Deutsche Börse Invests In Capital Markets Fintech Primary Portal
Primary Portal, a digital platform that aggregates and digitises equity capital market processes for banks and asset managers, has completed the first stage of its £7.5 million Series A funding round led by the venture capital arm of Deutsche Börse.