This Fintech Startup Just Raised £16m And Tripled Aum To £1B In A Year
The smart
money app Plum has successfully raised £16 million in its Series B funding
round, including £13.4 million from institutional investors and £2.7 million
via crowdfunding. The investment comes when the fintech startup has seen its
assets under management (AUM) triple to over £1 billion in the past year.Smart Money App Plum
Secures £16m in Series B Funding RoundThe funding
round was led by new anchor investor iGrow Venture Capital, with participation
from existing backers, including Venture Friends and Ventura Capital. Strategic
partner Eurobank also contributed a second tranche of investment.
Goldman Sachs' Fintech Ipo Making Millionaires Of Mds And… Mushroom Farmers
Fintech IPOs are resurfacing and UK fintech employees are among the beneficiaries. The latest example is payments fintech Ebury, whcih going public next year with the help of Goldman Sachs. Its £2bn ($2.59bn) expected valuation may be significantly lower than Revolut's most recent valuation of $40bn, but it's still making millionaires of a fair few employees.Click here to follow our new WhatsApp channel, and get instant news updates straight to your phone 📱According to Ebury's most recent confirmation statement in December 2023, the fintech had 3,619,767 shares. At a market cap of £2bn, each share would be worth £552.52.
Private Equity-backed Fintechs Pay Better, Vc-backed Fintech Staff Are Happier
If you're working in a fintech, chances are its funding comes from either private equity or venture capital. The two industries are both focused on growing startups, but their differences can make a big difference to startup employees. A recent paper from Oxford and HEC Liège researchers shows that VC backed firms are best for employee satisfaction, while private equity-backed startups excel in pay.Analyzing one million employee reviews for startups on Glassdoor, the paper found that a company's ownership structure correlates to employee satisfaction.
Partior Funding: Fintech Startup Partior Raises $60M In Funding Round Led By Peak Xv Partners - The Economic Times
Choose your reason below and click on the Report button. This will alert our moderators to take action.
Fintech Firm Partior Raises $60 Mn Series B Round Led By Peak Xv Partners | Start Ups
Partior, which has global unified ledger-based interbank rails for real-time clearing and settlement, will use the funds to support its international network growth.
Synapse: Americans Caught In Fintech’s False Fdic Promise
The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts.
Middlegame Ventures Raises New Fintech Fund
MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has raised a new fund targeting early-stage investments in Europe.
Climate Fintech Ekko Closes $2.5M Funding Round
London-based climate fintech, ekko, has successfully closed a $2.5 million funding round led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors.
14peaks Raises $30M To Back Fintech And The Future Of Work
14Peaks Capital, founded in 2022, is a Switzerland-based venture capital firm focused on the business-to-business software market. :
“I was always much more interested in funds where I was one of 15 partners, rather than one of 100,” says Edoardo Ermotti, the founder of Swiss venture capital firm 14 Peaks Capital, of his investment approach as a former business angel and family office executive.
Startup Funding: Indian Tech Startups Receive $1.6 Bn In Funding In Q1 2024; Retail, Fintech Lead, Et Retail
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.