Fintech startup Stripe in talks for new funding at much higher valuation

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said US fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter. […]

Global Fintech investment fell by 16% during the third quarter

investment

According to research conducted by Comprar Acciones, the total value of global fintech investments fell by 16% between the second and third quarter, down to $12.15 billion. While the total value of fintech investment fell, deal volume actually grew by 26%, with 716 new deals closed during Q3. Of this number, the US accounted for 64.7%, with their 340 […]

British AI fintech startup ilumoni raises €380K to make it easy for people to borrow well

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 CMO and now Non-Executive Director, Premium […]

Fintech Unicorns Flywire And AvidXchange Are Planning To Go Public In 2021

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 that lets businesses pay their bills […]

Opening up the path less travelled from banking to fintech

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 pricing products at Bloomberg and author […]

Sandboxes help fintech startups raise money

Entering regulatory sandboxes helps fintech startups raise capital, boosting financial innovation, suggests a BIS working paper.In 2015, the UK’s Financial Conduct Authority created a sandbox to give startups in the fast-growing fintech sector the chance to try out their products in a controlled testing environment. Five years on, around 50 countries have followed the UK’s […]

Ant Group’s record $34bn IPO suspended

Ant Group’s record-breaking IPO has been suspended in both Hong Kong and Shanghai, just days before trading was due to open in a colossal dual listing. Chinese regulators called senior Ant executives, including controller Jack Ma, to a meeting on Monday, during which it was made clear the fintech giant would be subject to greater governmental oversight.  […]

Clarity AI raises $15M for sustainable investment platform

Spanish fintech Clarity AI has raised $15m to further develop its platform that analyses the societal impact of investment portfolios. Clarity AI was founded in Madrid in 2017 by Rebeca Minguela, who last month featured in our rundown of Europe’s leading women in fintech. The platform uses in-house technology to leverage big data and machine learning […]