Fintech star PrimaryBid secures £38 million in new funding from top backers to fuel expansion
Start-up PrimaryBid has secured £38 million in investment from top new shareholders including the London Stock Exchange Group.
British fintech Acin secures €10.3 million to spearhead operational and non-financial risk revolution
Acin, the data standards firm that is digitising operational and non-financial risk, has secured around €10 million in Series A funding.
Fintech startup TrueLayer raises $25 million
London-based fintech startup TrueLayer has raised $25 million from investors including Temasek, Anthemis, Connect Ventures and Northzone, the company said on Monday. The firm, which develops technology that enables financial technology companies to access account data from high street banks, said it will use the funding to continue to grow its business. Founded in 2016, TrueLayer is one of several startups seeking to take advantage of European Union and UK open banking rules which require lenders to open up their data to other companies so they can tailor products to their customers. “The company is growing,” said Francesco Simoneschi, TrueLayer’s chief executive and co-founder. “We wanted to continue to increase […]
Fintech startup Lanistar raises £15 million
Lanistar, a personal financial management startup, has raised £15 million to support its forthcoming commercial launch in Winter 2020.
Passion Capital has backed Fronted, the startup that wants to offer loans to cover rent deposits
Fronted, the new London-based startup aiming to make life easier for renters, has picked up seed investment from Passion Capital.
London Fintech Updraft raises £16m to help people break up with their credit cards
Consumers will pay over £10b in fees and interests for overdraft and credit cards in 2020 alone. Updraft wants to reduce that amount.
Irish fintech sector sees record investment during pandemic
Although many sectors saw investment slow due to the Covid-19 pandemic, the Irish fintech industry saw a record period of activity.
Vietnam second among ASEAN members in attracting fintech funding
Vietnam’s fintech firms secured $410 million, or 36 percent of the global capital pouring into Southeast Asia between January and September, behind Singapore. The country’s share of regional venture capital funding devoted to fintech soared from just 0.4 percent in 2018, according to a report prepared by the United Overseas Bank (UOB), PwC and the Singapore Fintech Association (SFA). Singapore remained the top destination for regional fintech investment, with 51 percent, down from 53 percent in 2018, with Indonesia in third place with 12 percent, down from 37 percent last year. By the end of the third quarter this year, ASEAN had received $1.14 billion in funding for fintech firms, […]