Jobs in fintech bounce back after brief lockdown lull
Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks Demand for tech professionals in the fintech and digital payments sector bounced back strongly after a short pause during the initial Covid-19 lockdowns. Research by recruitment consultancy Headcount found that the pandemic had fuelled digitisation across Europe, increasing the need […]
Green Dot launches mobile bank
Green Dot has launched a mobile bank, called GO2bank, targeting the two in three Americans “living paycheck to paycheck”. Green Dot says millions of Americans are unbanked or using expensive methods like cheque cashiers, money orders, and bill pay services to access the cash they need. GO2bank customers will get up to $200 of overdraft […]
Expense management firm Divvy raises $165m
Divvy, an American outfit offering businesses a combination of free expense management software and corporate credit cards, has raised $165 million at a valuation of $1.6 billion. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion. Divvy’s centralised platform […]
Estonian fintech startup Modularbank raises €4 million for its ‘core banking suite’
Tallinn, Estonia-based fintech company Modularbank has raised €4 million to further bolster its core banking platform. The round of “late seed funding” – the company was established last year – was led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel investor Ott Kaukver (the former CTO […]
Fintech startup Oxygen raises $17M in Series A round
Digital banking startup ReliefClub, Inc., which does business as Oxygen, said today it has raised $17 million in a new round of funding. Runa Capital led the Series A round, which also included participation from S7V, 1984.vc, EFG Hermes, Rucker Park and Inventures, as well as celebrity and prominent fintech investors such as Frank Strauss, […]
French fintech company Lydia lands additional $86 million from Accel, closing Series B at $131 million
French financial services platform Lydia has announced a whopping extension of its Series B round, raising an additional $86 million led by Accel. The round now rests at $131 million, which it claims is the largest round ever raised by a French fintech startup. All other major existing shareholders participated, too. Amit Jhawar, the former General Manager of Venmo […]
ABN Amro tops up fintech venture fund
ABN Amro is turbo-charging its fintech investment strategy, injecting a further €50 million into its €100 million corporate venture fund. Since the fund was first launched, ABN Amro Ventures has invested in a total of fifteen companies – including the likes of Tink, Privitar and Trifacta – with one successful exit already completed. Six new […]
Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom
LONDON — British financial technology start-up GoCardless is one step closer to reaching a $1 billion valuation thanks to accelerated demand for digital payments during the coronavirus pandemic. GoCardless said Thursday that it had raised $95 million in a fresh investment round led by the venture capital arm of Bain Capital. The new funding values […]
COVID-19 Has Put Many British Businesses On Life Support Systems – Can Fintech Help Save U.K. SMEs?
Half of U.K. adults with debts have mental health issues and one in four people with a mental health problem are also in debt. The relationship is cyclical and much of it boils down to a sense of feeling in control of your money, of being financially resilient and capable. According to Martin Lewis’ Money and […]
From Open Banking to contactless payments, what will shape the fintech industry in 2021?
2020 has been dramatic to say the least. In the fintech industry there has been a monumental shift towards digital payments. The mix of shop closures, lockdown measures and the booming ecommerce sector have made fintech products more relevant, and more important, than ever. And businesses have relied on fintech and payments solutions to facilitate […]
