Tallinn, Estonia-based fintech company Modularbank has raised €4 million to further bolster its core banking platform. The round of “late seed funding” – the company was established last year – was led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel
Digital banking startup ReliefClub, Inc., which does business as Oxygen, said today it has raised $17 million in a new round of funding. Runa Capital led the Series A round, which also included participation from S7V, 1984.vc, EFG Hermes, Rucker Park and Inventures, as well as celebrity and prominent
Fintech, along with the rest of the world, has had an extraordinary 2020. Major scandals have rocked the industry, but at the same we’ve marked significant advances that will help to point the way to a better future of finance. As 2020 proved, predicting the future is always a
Ah, December. A time of pine-scented candles, Secret Santa gift exchanges and “looking back at 2020” listicles. To state the obvious, this holiday season looks a little different than in years past. Instead of shopping for outfits that strike the right balance of professionalism and pizzazz for office holiday
Arnoud Boot, Peter Hoffman, Luc Laeven & Lev Ratnovski -
The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. The increase in demand for digital services triggered by COVID-19 is turbo-charging this transformation. The confluence we are
French financial services platform Lydia has announced a whopping extension of its Series B round, raising an additional $86 million led by Accel. The round now rests at $131 million, which it claims is the largest round ever raised by a French fintech startup. All other major existing shareholders participated, too. Amit Jhawar,
ABN Amro is turbo-charging its fintech investment strategy, injecting a further €50 million into its €100 million corporate venture fund. Since the fund was first launched, ABN Amro Ventures has invested in a total of fifteen companies – including the likes of Tink, Privitar and Trifacta – with one
LONDON — British financial technology start-up GoCardless is one step closer to reaching a $1 billion valuation thanks to accelerated demand for digital payments during the coronavirus pandemic. GoCardless said Thursday that it had raised $95 million in a fresh investment round led by the venture capital arm of
Monument confirms £28 million fund raise
Monument, a digital banking startup for the well-heeled, has landed £28 million in new funding from existing backers and a trio of angel investors. Since inception, Monument has raised circa over £40m in funding, and it is now well placed to complete the build of its technological and operational capabilities and to be ready for launch in the Summer of 2021. The new investors in the firm are Eric Zinterhofer, of Searchlight Capital, entrepreneur Rakesh Loonkar and Harry Handelsman, founder and CEO of the Manhattan Loft Corporation. The startup, which is targeting people with between £250,000 and £5 million
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