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 – […]

German ‘insurtech’ Wefox raises $650 million at valuation of $3 billion

Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called “insurtech” company that valued the business at $3 billion. The funding means Berlin-based Wefox has grown in value threefold since tapping investors in 2019. The move follows big raises by local […]

Circle raises $440m

Fintech outfit Circle has raised $440 million in financing as it seeks to capitalise on the success of the fast-growing USDC stablecoin.Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, and Pillar VC all joined the round. An early player […]

Paysend bags $125m Series B as it sets sights on global expansion

The fintech says it has amassed 3.7 million users in over 60 countries since it was founded in 2017. International payments platform Paysend has today announced a $125m Series B funding round to help it fund its global expansion plans. “This $125m B Round investment will allow us to take our platform to the next stage, innovating […]

SoftBank invests $250m in new fintech unicorn Zeta

Europe has a new fintech unicorn. Zeta, a London-based, banking tech startup has secured $250m (£177m) in Series C funding from the SoftBank Vision Fund 2, valuing the company at $1.45bn (£1bn).  This is SoftBank’s first investment in the technology banking space and the single largest investment in a banking tech startup globally.  Zeta says […]

Trade Republic snags $900 million in funding

German neobroker Trade Republic has scored the country’s largest ever fintech funding round, a $900 million Series C that puts a $5 billion price tag on the six-year old firm. The investment was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and […]