Investing

Apr
09

TrueLayer raises US$70m to build the world’s most valuable Open Banking network

TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf […]

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Apr
09

Digital Finance as the New Normal: Plaid raises $425 Million Series D

With digital finance being the new normal, Plaid has announced a significant funding round raising $425 million in a Series D round.

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Apr
08

Acorns’ new fintech target is debt management with acquisition of Pillar

Saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021.

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Apr
08

Coinbase $1.8 billion first-quarter earnings bigger than in all of last year

Coinbase posted total first-quarter revenue of $1.8 billion from $191 million in the same quarter a year earlier and an EBITDA of $1.1 billion.

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Apr
08

US Fintech Avant acquires Zero Financial & Level

US fintech Avant announced on Wednesday it has completed the acquisition of Zero Financial and neobank Level.

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Apr
07

Standard Chartered turbocharges digital payments proposition with investment and the merger of CurrencyFair with Assembly Payments

CurrencyFair, a global cross-border payments platform and Assembly Payments, whose platform automates complex payment workflows, today announce their merger as a result of a strategic investment by Standard Chartered, subject to regulatory approval. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered is doubling down on its commitment to the rapidly growing payments industry, following its earlier investment in Assembly Payments in 2020. Bill Winters, Group Chief Executive of Standard Chartered said, “Digital payments is a core strategic area for Standard Chartered and our 2020 investment in Assembly Payments greatly enhanced our presence in the domestic payments business. By bringing together the complementary strengths of CurrencyFair and […]

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Apr
07

EML acquires Sentenial Group & enters the Open Banking market in Europe

EML has entered into a binding agreement to acquire 100% of Sentenial Group for €70 million upfront, plus an earn-out component of up to €40 million.

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Apr
03

Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise

This means that the five-year-old Uruguayan company dLocal has effectively quadrupled its valuation in a matter of months.

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