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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 […]
Freelance banking app Lili raises $55 million
Lili, a banking app designed for US freelancers and gig-economy workers, has raised $55 million in a Series B investment round led by Group 11.Offering features such as expense management, tax preparation, and no-fee accounts, Lili has doubled its account base in the past six months, claiming 200,000 users as the global pandemic forces more […]
This fintech solution helps African refugees store and send money
As refugees flee across land borders in Africa, carrying money is a challenge, both virtually and in person. Leaf——a winner of Fast Company’s 2021 World Changing Ideas Awards—uses the blockchain to help, even if they don’t have a smart phone. Mobile money is a digital wallet technology that allows cash to be stored on standard, […]
German challenger Vivid Money raises EUR60m
Berlin-based mobile banking app Vivid Money has raised €60million in a Series B funding round led by Greenoaks and joined by existing investor Ribbit Capital. The round gives Vivid, which was founded in 2019 by Artem Yamanov and Alexander Emeshev and has backing from Russian giant Tinkoff Bank, a €360 million valuation. Launched in Germany […]
Current raises $220m at $2.2bn valuation
US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz.Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and Expa joined the round, which sees Current’s valuation jump from $750 million at its last raise […]
Teen Banking Startup Step Takes In $100 Million In Series C Funding
Step has raised $100 million in Series C funding, the FinTech banking startup said in a news release on Tuesday (April 27). Led by General Catalyst, the round attracted some high-profile investors, including NBA All-Star Stephen Curry, actor Jared Leto and Dreamers VC, the fund founded by Will Smith. The company, which recently marked 1.5 million users in […]
Chargebee valued at $1.4 billion in new $125 million fundraise
A startup that enables businesses to set up and manage their billing, subscription, revenue operations and compliance has become the newest firm to earn the much-coveted unicorn status. Chennai and San Francisco-headquartered Chargebee said on Tuesday it has raised $125 million in its Series G financing round led by Sapphire Ventures and existing investors Tiger Global and […]
Checkout.com leads $110 million debt and equity round in Saudi BNPL startup Tamara
Checkout.com has led a $110 million investment round in Saudi Arabian buy now, pay later startup Tamara. Founded in 2020, by serial entrepreneur Abdulmajeed Alsukhan and his partners Turki Bin Zarah and Abdulmohsen Albabtain, Tamara was the first BNPL firm to be enrolled in the Saudi central bank’s sandbox programme. Since then, it closed a […]
Spiral raises $14m for charitable giving banking app
Spiral, an “ethical banking app” that makes it easy for users to give to charities, has raised $14 million in a funding round led by Team8. Communitas Capital, Phoenix, Nidoco AB and MTVO joined the round for New York-based Spiral, which says it want to make it easier for Americans “to do good”. The startup […]