PCN Pulse.

Staying on the beat – July 26 – August 2 2021 From Startups to Funding Prime Trust raises $64m Prime Trust, a one-stop shop for API-based financial infrastructure for fintech and digital asset innovators, has raised $64 million in a Series A funding round led by Mercato Partners. Nium closes $200m Series D Cross-border B2B […]

PCN Pulse

Staying on the beat – July 20 – July 26 2021 From Startups to Funding Funding flows into Cybersecurity With 2021’s halfway point just crossed – funding has more than doubled the $4.4 billion in 2020 to $7.8 billion 2021.  Why the influx? Reasoning may be linked to the SolarWinds, Colonial Pipeline, and Kaseya attacks. […]

PCN Pulse

Staying on the beat – July 12 – July 19 2021 From Startups to Unicorns Railsbank raises $70M expanding fintech-as-a-service platform. Financial services as a service — where neobanks, retailers and others can create and sell their financial products has been one of the bigger trends in the world of fintech. Embedded finance is on […]

Nethone: A Polish solution to plague of online account takeovers powered by $6.7M Series A

Nethone’s passive behavioral biometrics allows online businesses to seamlessly stop over 95.3% of account takeovers (ATO) – cyber threats that have been spreading globally at an alarming rate. Besides ATO, the Polish fraud fighter has been flourishing in its payment and financial application use cases, systematically proving over 10 p.p. higher fraud detection precision than […]

PCN Pulse

Staying on the beat; 6 July – 12 July 2021 From Startups to Unicorns Tide rises on $100 million cash injection UK business banking platform Tide has raised over $100 million in Series C funding at a valuation of $650 million. Tide, which has recruited 350,000 SMEs and opened over 410,000 business accounts since its […]

PCN Pulse

Staying on the beat; 28 June – 5 July 2021 Big Beats Industry Clouds – the next Mega-Trend The next mega-trend in financial services is Industry Clouds – collections of cloud services, tools, common data models, APIs, and applications optimized specific use cases. Multi-cloud environments also benefit organizations needing to share data and access with […]

Codat raises $40M and expands its API infrastructure for SME data

NEW YORK and LONDON – 30 June 2021 – Codat, the technology company that enables small businesses to seamlessly share business and financial data with financial and other service providers secures $40 million from investors, following 3x annual growth and doubling of headcount. It has also announced the expansion of its APIs to include payroll and […]

PCN Pulse

Week – 21-28 June 2021 Stay on the weekly beat. In this weeks Pulse: Fundings – from Mollie to Voyager Visa acquires Tink for $2.2 billion  2021 – a record year for European fintech investment Crypto mining crackdown in China – what does it mean for Bitcoin? How PCN launched a 4-day workweek in a […]

DNA Payments pockets £100 million investment

London headquartered payments processor DNA Payments has banked a £100 million investment from Alchemy Partners. DNA currently serves over 45,000 merchants ranging from major online and offline retailers to SMEs, providing them with over 70,000 terminals which make over 20 million transactions worth over £600m a month. The firm also provides a variety of SaaS […]

Fintech In the UK – Fundraising Q1, 2021

Another quarter of successful funding rounds around the world of fintech has finished! Here are some highlights of UK funding in Q1 of 2021: Among the largest rounds are: SumUp – £532MLendInvest – £500MCheckout.com – £319M Series CStarling Bank – £272M Series DRapyd – £213M Series DPPRO – £127MZego – £106M Series CSalary Finance – […]