Facebook And Celebrities Like Justin Timberlake Join $50 Million Series B For FinTech Startup Step
Silicon Valley FinTech startup Step has raised $50 million in a Series B funding round, the company announced Wednesday (Dec. 2). The funding round was led by new investor Coatue Management, a slew of celebrity backers and Big Tech executives. Founded in 2018 and launched in October, the all-in-one banking app has a half-million users and is […]
How Fintech Businesses Can Help Protect The Industry’s Future
The pandemic has had ramifications for many companies, creating uncertain futures for businesses as they work to innovate and adapt to the “new normal.” Covid-19 has only accelerated the reliance on technology adoption, leaving businesses run by legacy systems in the dust. Businesses that have enhanced connectivity during this period have thrived, but worryingly, the […]
London-based fintech startup Primer secures €15.5 million Series A to scale up internationally
UK fintech startup Primer, the low-code payments infrastructure and online checkout API, today announces an approx. €15.5 million Series A funding round led by Accel. Existing investors Balderton, SpeedInvest and Seedcamp also participated, and were joined in the round by RTP Global. The investment brings Primer’s total funding to around €19.7 million, coming just weeks after […]
Fintech and banks: competing through collaboration
There’s little novel about fintech and established financial institutions working hand-in-hand. Behind the snappy ad campaigns, sans serif fonts and slick app interfaces, most fintechs have always relied on some form of partner license, or access to a bank’s network. Even challenger banks – the recent wave of financial organisations that straddle the line between […]
Can FinTech Hold the EU’s Capital Markets Together?
Europe should use new financial technologies to counteract the capital markets fragmentation trend that has been further aggravated by Brexit and the COVID-19 pandemic. As the European Union is approaching the Brexit endgame, the risk of further fragmentation is looming over its already fractured capital markets. The future composition of Europe is not the only […]
Female FinTech Founders’ Funding Behind Male Counterparts
Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. Just 3.8 percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. 25). Companies that did get funding received only 0.9 percent of total monies […]
Lessons From The Fintech Revolutions Of The Past And Winning Post-Covid
Why now is the time for financial services companies to spur innovation and the adoption to new technologies. Michael Tae and Matt Harris look back on two recent crises for lessons on how disruption can lead to rapid change, opportunity and a new status quo, with an eye towards what might be post-Covid. The suggestion […]
Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard
Worldline and Nets have become shareholders in the European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa. Backed by 16 major Eurozone banks, the European Payments Initiative (EPI) is striving to create a unified pan-European payment system, offering a card for consumers and merchants across Europe, a […]
China fintech giants scramble to rethink IPOs, raise capital
BEIJING (BLOOMBERG) – Jack Ma’s vision of the future of finance in China is being upended by regulators, along with the ambitions of conglomerates that followed his lead. Mr Ma’s Ant Group is in talks with regulators about injecting capital into its micro-lending units just weeks after its US$35 billion (S$46.9 billion) initial public offering […]
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. […]
