Monzo, the UK-based challenger bank that allows customers to access a range of products and services, is expected to raise a £50 million extension in Series G round from existing shareholders and a new San Francisco-based VC firm Octahedron Capital. The new funding will take the amount raised by the digital
There is a new startup expanding the financial technology industry, and rap icon Jay-Z’s Marcy Venture Partners (MVP) is a key investor. Los Angeles-based Perch Credit, a free credit score-building business founded in 2019, recently closed its seed investment round of $2.5 million and launched a new app. Perch Credit CEO
Despite sweeping changes across all areas of financial services, cross-border payments in the US have remained relatively untouched. Now, armed with new funding, Routefusion seeks to finalise its product and form the necessary partnerships to disrupt a $224 billion category. Earlier this week, Austin-based fintech Routefusion announced it has secured $3.6
The fund will invest in European technology companies with €2 million to €5 million in revenues. Finch Capital, a leading venture capital firm with a presence in the UK and Netherlands, announced the first close of Europe III, its €150 million investment fund, to invest in the European fintech
Buy now, pay later pioneer Klarna is launching its first consumer banking account in Germany.A Klarna bank account will come with a Visa debit card which can also be connected to both Google Pay and Apple Pay. Users will also be able to use budgeting tools available via the
Based in the Tampa/St. Petersburg area in Florida, Climate First Bank (CFB) is positioning itself as “the only [bank founded] to fight climate change.” As such, it is committed to not only providing best-in-class banking services but also environmentally-conscious investment programmes and an “unrivalled solar loan option.” Furthermore, CFB will be
What a challenging yet extraordinary year 2020 was. We started the year full of high hopes and expectations for the new decade, with the concepts of ‘pandemic’, ‘lockdowns’ and ‘remote working’ being far beyond our imagination. The global business impact following the pandemic has been significant to say the
Munich and Hamburg, February 9th, 2021 – IDnow (www.idnow.io), a leading provider for Identity Verification-as-a-Service solutions and M-TRIBES, end-to-end software provider for transportation companies, announce their strategic collaboration. As part of the partnership, M-TRIBES integrates IDnow’s digital, AI-based identification solution into itsplatform to provide legally required customer identifications –
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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Based in Amsterdam with multiple offices around the world, PCN is a specialist leading supplier of executive recruitment, RPO services and headhunting in the fintech, payments, SaaS, eCommerce and Cyber security industry.