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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 […]
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 […]
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 […]
Capchase raises $125m for just-in-time financing platform
Capchase, a US startup that helps tech company founders access non-dilutive capital, has raised $125 million in a mix of debt and equity.QED Investors led the Series A, which was joined by Bling Capital, ScifiVC and Caffeinated Capital, along with several operator angels. Founded in 2020, Capchase helps companies unlock cash that is otherwise tied […]
Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in Latam
Just about every week there’s a blockbuster round coming out of South America, but in certain countries such as Ecuador, things have been more hush hush. However, Kushki, a Quito-based fintech, is bringing attention to the region with today’s announcement of a $86 million Series B and a $600 million valuation. “We never thought that we […]
Goldman Sachs leads $45M investment into auto fintech startup MotoRefi
MotoRefi has raised another $45 million in a round led by Goldman Sachs just five months after investors poured $10 million into the fintech startup to help turbocharge its auto refinancing business. The startup developed an auto refinancing platform that handles the entire loan process, including finding the best rates, paying off the old lender […]
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 […]
African payments startup Chipper Cash raises $100m
African cross-border payments startup Chipper Cash has raised $100 million in a Series C funding round led by SVB Capital. Deciens Capital, Ribbit Capital, One Way Ventures, 500 Startups, Tribe Capital, Brue2 Ventures, and Jeff Bezo’s personal VC fund joined the round, according to TechCrunch. Founded in San Francisco in 2018 by Ugandan Ham Serunjogi […]