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London-based fintech Curve secures €78M funding; eyes international expansion
- Silicon Canals -
- 15/01/2021
London-based fintech Curve, which combines multiple cards and accounts into one smart card and app, has announced that it raised $95M (nearly €78M) as a part of its Series C funding round. The investment comes from a slew of leading international investors. International expansion plans The latest funding round in Curve was
Visa, Plaid call off $5.3 billion deal
- Diane Bartz & Praveen Paramasivam -
- 15/01/2021
(Reuters) – Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa
Walmart launches fintech startup to build digital financial products for customers, employees
- Julia La Roche -
- 14/01/2021
Walmart (WMT), the world’s largest retailer, announced on Monday that it is launching a financial technology (fintech) startup in partnership with Palo Alto, Calif.–based venture capital firm Ribbit Capital, a backer of Robinhood, Credit Karma and Affirm. The new fintech company, which will be majority-owned by Walmart, aims to
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
- Ryan Browne -
- 13/01/2021
LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also an investor in rival payments giant Stripe — lifting its valuation to $15 billion. That’s almost three times
The 10 fastest fintechs to reach billion dollar valuations
- Isabel Woodford -
- 13/01/2021
One European fintech sits among the top 10, reaching unicorn status in less than 4 years. The world is now home to over 70 fintech “unicorns” — startups worth over a billion dollars. If nothing else, this highlights the continued hype around the fintech sector, with investors tripping over themselves
Grab’s fintech arm raises $300m in round led by Hanwha
- Doris Yu -
- 12/01/2021
“Grab, the Southeast Asian US$15 billion ride-hailing and food delivery giant backed by SoftBank and Uber, is accelerating its expansion into financial services with a new fundraising by its fintech subsidiary. Grab is betting on growing demand from the region’s rising class of merchants and consumers,” reported The Information. The
Fintech in the midst of global pandemic: Predictions for 2021
- Konstantin Rabin -
- 12/01/2021
As the world is anxiously anticipating the arrival of long-awaited vaccines and people are hoping that the new 2021 will bring things back to normal, we are asking ourselves what the future of the global fintech industry might look like in the next twelve months. When the majority of
Jobs in fintech bounce back after brief lockdown lull
- Karl Flinders -
- 12/01/2021
Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks Demand for tech professionals in the fintech and digital payments sector bounced back strongly after a short pause during the initial Covid-19 lockdowns. Research by recruitment consultancy Headcount found that the pandemic had fuelled
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London-based fintech Curve secures €78M funding; eyes international expansion
- Silicon Canals -
- 15/01/2021
London-based fintech Curve, which combines multiple cards and accounts into one smart card and app, has announced that it raised $95M (nearly €78M) as a part of its Series C funding round. The investment comes from a slew of leading international investors. International expansion plans The latest funding round in Curve was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen. The other investors that took part in the funding round include OneMain Financial, the US personal finance company, and Novum Capital. Notably, IDC Ventures has funded
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