Articles with tag: fundraising

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UK-based fintech BABB to offer cheaper remittances

News | Payments General | 01 Sep 2020

Financial Conduct Authority (FCA)-approved payment institution Bank Account Based Blockchain (BABB) has announced plans to offer better remittances to customers.

UK, fintech, BABB, Bank Account Based Blockchain, remittances, payment institution, FCA, Financial Conduct Authority, blockchain, traditional banking, third parties, peer to peer payments, P2P payments, international fundraising, banking technology, UK bank account, payment cards, banking licence

Ant Group plans IPO in Shanghai, Hong Kong

News | Online Payments | 21 Jul 2020

Ant Group has announced plans for an initial public stock offering (IPO) that could become the world’s biggest since the COVID-19 pandemic began.

Ant Group, IPO, Shanghai, Hong Kong, fundraising round, Shanghai Stock Exchange, Hong Kong Stock Exchange, online payments, private credit rating system, Sesame Credit, Alipay, Taobao, ecommerce

UK-based fintech ANNA secures USD 21 mln for SMB-focused app

News | Payments General | 14 May 2020

ANNA, a UK-based fintech aimed at SMBs and freelancers, has secured a USD 21 mln investment from a single investor, the ABHH Group.

ANNA, fintech, SMB, freelancer, investment, ABHH Group, fundraising, covid-19, commercial activity, payments, invoicing, accounting, managing taxes, chat interface, automation, invoice tracking

Fintech Chip secures GBP 2.6 mln funding

News | Online & Mobile Banking | 27 Apr 2020

UK-based money-saving fintech Chip has obtained GBP 2.6 million in Crowdcube fundraising campaign. 

Chip, fintech, fintech app, money-saving app, crowdfunding, fundraising campaign, FSCS, savings account, partner bank

Finexkap Group announces EUR 39 mln fundraising

News | E-invoicing, SCF & E-procurement | 17 Jun 2019

France-based Finexkap Group has announced a new EUR 39 million fundraising.

Finexkap Group, fundraising, financing, SMEs, working capital, B2B marketplaces, Chenavari Investment Managers

HappyFresh startup raises USD 20 mln for its online grocery service

News | Ecommerce | 22 Apr 2019

Indonesia-based online grocery startup HappyFresh has completed a USD 20 million Series C fundraising round led by the Asia Growth Fund.

HappyFresh, startup, online grocery, ecommerce, fundraising round, Asia, retailers

Airwallex receives USD 100 mln following Series C fundraising

News | Payments General | 27 Mar 2019

Hong Kong-based fintech startup Airwallex has received a Series C fundraising round of USD 100 mln, valuing the company at over USD 1 bln USD.

Airwallex, fintech, funding round, fundraising, series C fundraising, Hong Kong, Asia, cross-border payments, DST Global, Sequoia Capital China, Tencent, Hillhouse Capital, Gobi Partners, Horizons Ventures, Square Peg Capital.

Spocket raises USD 1.2 mln for platform intended for ecommerce retailers

News | Ecommerce | 23 Aug 2018

Canada-based startup Spocket has closed a USD 1.2 million fundraising round to double their team and push further into social media ecommerce.

Spocket, fundraising, startup, Canada, dropshipping, ecommerce, retail, marketplace, social media platforms

Zopa raises USD 57 mln to support its challenger bank

News | E-invoicing, SCF & E-procurement | 06 Aug 2018

UK-based P2P lending company Zopa has raised USD 57 million in funding to support the launch of its challenger bank.

Zopa, UK, chalenger bank, funding, fundraising, P2P lending, Financial Conduct Authority, investment, retail deposits

Barclays and JP Morgan lead USD 14 mln funding in Cloud9

News | Payments General | 01 Aug 2018

Cloud9 Technologies has completed a USD 14 million Series B fundraising round, led by Barclays and including JP Morgan and NEX Group.

Barclays, JP Morgan, Cloud9, funding, fundraising round

ING backs Irish fintech Transfermate with EUR 21 mln in equity funding

News | Payments General | 31 Jul 2018

Cross-border business paytech Transfermate has announced a EUR 21 million investment from ING, in exchange for a minority equity stake in the company.

ING, Transfermate, Ireland, equity funding, financing, series A, fundraising, Allied Irish Banks, payment licence,

Bahrain Development Bank releases USD 100 mln VC fund

News | E-invoicing, SCF & E-procurement | 27 Jun 2018

Bahrain Development Bank has announced its Al Waha Fund of Funds has closed its USD 100 million fundraising round.

Bahrain Development Bank, venture capital, fundraising, Al Waha Fund of Funds, Bahrain, Middle East, startup, Economic Vision 2030,

ICOs officially banned in China

News | Cryptocurrencies | 05 Sep 2017

China has outlined why it believes that ICOs are illegal under domestic law in a joint statement issued by seven financial regulators.

ICOs, China, illegal fundraising, cryptocurrency, tokens, regulation, illegal financing, online security, PBoC

Chinese government to become restrictive on ICOs

News | Cryptocurrencies | 28 Aug 2017

The Chinese government has been developing new rules against illegal financing that could be used to restrict initial coin offerings (ICOs).

ICOs, China, illegal fundraising, cryptocurrency, tokens, regulation, illegal financing, online security

LevelUp raises USD 50 mln in fundraising round

News | Mobile Payments | 18 May 2017

LevelUp has raised USD 50 million in finance from long-term investors JP Morgan Chase and US Boston Capital and CentroCredit Bank.

LevelUp, fundraising, JP Morgan, mobile payments, Google Ventures

Monzo has disclosed a new funding round

News | Online & Mobile Banking | 27 Feb 2017

Monzo has raised GBP 19.5 million from the US-based Thrive Capital, London’s Passion Capital, and Orange Digital Ventures, the venture arm of telco Orange. 

Monzo, startup, fundraising, MasterCard, banking, UK