Venture Capital

Dec
13

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 […]

DETAIL
Dec
12

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.

DETAIL
Dec
12

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.

DETAIL
Dec
03

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.

DETAIL
Sep
08

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.

DETAIL
Dec
09

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, […]

DETAIL
Nov
27

MiddleGame Ventures announces $165m FinTech-focused fund

MiddleGame Ventures (MGV), a fintech-focused investment firm, announced today that it had raised a new fund targeting post-seed, series A and series B lead investments in Europe and North America. MGV’s Venture Fund I has achieved its first close, with a final close target size of $165MM. It will invest in and partner with B2B and B2B2C startups driving the transformation of financial services from analog to digital and from centralized to decentralized, with an emphasis on middleware and back office solutions. Its remit extends to enabling technologies such as RegTech, Digital Identities, “FinData” and crypto-enabled infrastructure across banking, asset management, insurance, payments, and capital markets. The Luxembourg Future Fund […]

DETAIL
Nov
20

The latest marker of Chinese interest in African fintech is a $120 million funding round for OPay

Chinese interest in African fintech has just stepped up another gear. OPay, the payments service operating in Nigeria, has raised $120 million in a Series B round led mainly by Chinese investors including familiar names like Sequoia China, IDG Capital and Source Code Capital. The round also included participation from Softbank Ventures Asia, Meituan-Dianping, DragonBall Capitak, GaoRong Capital and GSR Ventures. It’s the second major funding announcement by OPay this year and comes just five months after it raised $50 million back in July in a round also led by Chinese investors. OPay was incubated by Opera, the China-owned internet browser. OPay says the new funding will be deployed to […]

DETAIL