Banking-as-a-Service platform Railsbank has raised $37 million in a funding round led by MiddleGame Ventures and Ventura Capital. Anthos Capital, Global Brains, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr joined the round, the proceeds of which will be used to fuel London-based Railsbank’s geographic and product expansion.
ilumoni, the British fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised more than €380K pre-seed investment backed by Move Ventures (formed by the founders of Market Gravity, acquired by Deloitte in 2017), and angel investors including Simon Moran, former
The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards. “How do you bring them into the digital world with all the benefits that many of us have gotten used
A new report has found that a new, cross-sector blockchain could help aid agencies respond to increasingly frequent and complex crises, and provide significant cost savings. The technology would allow humanitarian groups to reach more people at a time when aid spending is under pressure from shrinking government budgets
As the UK enters another lockdown, businesses around the country – especially small companies – are fighting for their survival. While COVID-19 rages, SME lending in the UK has tanked and liquidity has plummeted by 80% since the pandemic began. Government-led schemes including tax deferrals and government-backed loans have
As more people and businesses move transactions online during the pandemic, financial technology companies are reaping the benefits. On top of other expected IPOs in 2021 like Robinhood, Affirm and Marqeta, two more fintech unicorns are planning to go public, according to people familiar with the matter. AvidXchange, a Charlotte company
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting the fintech interests of Tencent, Ant’s arch rival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of Tencent properties and,
Fintech has been part of financial services for several years, but it remains surprisingly rare to see employees of incumbent banks take prominent positions at fintech firms. This may be a path that is becoming more common, according to Matthew C. Meade, product management leader focused on fixed income
Forter Partners with Flutterwave to Drive eCommerce Growth Across Africa and Beyond
This new partnership connects more than 290,000 businesses with Forter’s global network to approve more legitimate online transactions and block fraud instantaneously New York, NY – April 15th, 2021 – Forter, the leader in e-commerce fraud prevention, has announced a partnership with Flutterwave, Africa’s leading payments technology company. The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of fraud. Servicing more than 290,000 businesses and processing over 140 million transactions worth over $USD
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