Starling Bank surpasses £1bn valuation with latest funding round
Anne Boden’s fintech challenger Starling Bank has raised £272m in a funding round that values the company at £1.1bn.
Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz
Allianz X, a venture capital arm of the 131-year-old European financial conglomerate Allianz, led WeLab’s latest funding round of $75 million.
PayPal to acquire cryptocurrency security startup Curv
PayPal has agreed to acquire cryptocurrency security startup Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.
Fintech startup ClearGlass Analytics closes $3.6m for pension funds transparency platform
Fintech startup ClearGlass Analytics has closed a £2.6 million ($3.6 million) funding round for its platform.
Australian fintech investment in 2020 remains strong through COVID at US$1.4 billion
Investment in Australia’s fintech sector was strong at US$1.4 billion in 2020, despite a fall from a record $2.09 billion in 2019.
‘Buy now, pay later’ fintech Klarna raises $1bn
Klarna, the Swedish fintech company, has raised $1bn in funding that values the ‘buy now, pay later’ outfit at $31bn.
India attracted $2.7 billion in fintech investment in 2020: KPMG
‘Payments remained the hottest area of investment, followed by insurtech and wealthtech’ India attracted $2.7 billion in fintech investment in 2020, the second-highest amount ever after 2019’s record $3.5 billion, according to the Pulse of Fintech H2’20, a bi-annual report on global fintech investment trends published by KPMG. While the majority of fintech investment was seen early on in the year, merchant platform Pine Labs and Razorpay each raised $100 million in H2 2020. “Payments remained the hottest area of investment, followed by insurtech and wealthtech,” says the report. Fintech investors also adjusted their strategies in the second half of the year, shifting focus more to profitability. Investors moved away […]
Hedge fund billionaire backs bitcoin payment startup
The funding round for Bottlepay comes amid increased interest in bitcoin from institutional investors and large corporates.
