The trading app Robinhood, amid the trading frenzy of the last several days, has raised even more money as questions swirl over the capital liquidity issues that surfaced last week. The company, in a blog post, announced Monday it has raised $3.4 billion, including the $1 billion secured on Friday. “This funding
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Amsterdam Amsterdam – One of the most promising fintech hotspots of Europe and the home of PCN’s HQ. Being home to the Dutch East India Company, the world’s first publicly
Brazilian FinTech Nubank raised $400 million in a Series G funding round led by Singapore’s GIC, Whale Rock and Invesco, Nubank said in a Thursday (Jan. 28) blog post. Also participating in the round were previous investors Tencent, Dragoneer, Ribbit Capital and Sequoia. Nubank’s total funding to date is $1.2 billion,
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Here at dLocal, we’ve known for some time that there are colossal opportunities for eCommerce merchants wanting to expand into emerging markets. The COVID-19 pandemic is ratcheting up that growth
The fintech industry has been undergoing deep-seated changes for quite some time now. This revolution can be attributed to the trend of fintech adoption by sectors across industries. For instance, by March 2020, India accounted for 87 per cent of worldwide fintech adoption, showing that fintech adoption has been particularly going
A top Chinese banking official has publicly announced his support for a spate of new regulations to manage the growth of fintech in China. Pan Gongsheng, the deputy governor of the People’s Bank of China, who also heads the State Administration of Foreign Exchange, praised the way the communist
American mobile banking, saving and investing app Albert has raised $100 million in a Series C funding round led by General Atlantic. CapitalG, Alphabet’s independent growth fund, Portag3, and QED joined the round, which brings Albert’s total funding to date to $173 million. Since launching in 2016, Albert has
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Decentralized finance has grown into one of the most active sectors of blockchain, now with over $15 billion total value locked in DeFi smart contracts. From decentralized exchanges to lending
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.