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Avant secures USD 250 mln corporate debt

News | Payments General | 09 Dec 2022

Avant, a credit-first financial technology company that provides access to financial solutions to underserved non-prime consumers, has secured USD 250 million of corporate debt.

funding, financial services, partnership, credit card, investment

Osome raises USD 25 mln

News | E-invoicing, SCF & E-procurement | 09 Dec 2022

Osome, a Singapore-based financial admin platform, has snared USD 25 million investment from Asian, European, and US investors.

funding, expansion, artificial intelligence, super app, investment

Drata secures USD 200 million in Series C funding

News | Digital Identity, Security & Online Fraud | 09 Dec 2022

Security and compliance automation platform Drata has secured USD 200 million in a Series C funding round led by GGV Capital and ICONIQ Growth.

funding, investment, compliance, risk management

PhonePe wants to raise up to USD 1 billion in an all-equity round

News | Online Payments | 09 Dec 2022

India-based digital payments company PhonePe has revealed its plans to raise up to USD 1 billion in an all-equity funding round.

funding, investment, digital payments, equity

Tapline secures EUR 31 million in pre-seed funding

News | Online & Mobile Banking | 08 Dec 2022

SaaS investment platform Tapline has secured EUR 30 mln of debt financing from Fasanara Capital and EUR 1.7 mln of equity led by V-Sharp Venture Studio.

SaaS, funding, investment, fintech

Nubank announces USD 330 mln equity capitalisation

News | Online & Mobile Banking | 07 Dec 2022

Nubank, a Brazil-based digital bank, has announced a USD 330 million equity capitalisation in Mexico as it pushes to expand its operations there.

digital banking, investment, expansion, financial institutions, regulation

RBI creates single-block-and-multiple debits functionality in UPI

News | Online & Mobile Banking | 07 Dec 2022

The Reserve Bank of India has introduced a single-block-and-multiple debits functionality in UPI to augment payments for ecommerce and investments in securities.

UPI, RBI, product upgrade, ecommerce, investment

Allica Bank raises GBP 100 mln in Series C funding

News | Online & Mobile Banking | 05 Dec 2022

UK-based fintech SME challenger bank Allica Bank has raised GBP 100 million in a series C funding round led by global growth technology investor TCV.

funding, investment, lending, SME lending, SMEs, banking, challenger bank

KreditBee raises USD 80 mln in series D funding round

News | Online & Mobile Banking | 02 Dec 2022

India-based fintech platform KreditBee has raised USD 80 million in a series D funding round with participation from MUFG Bank aimed at diversifying its product portfolio.

funding, investment, banking, lending, underwriting, credit scoring

Buckzy raises USD 14.5 mln in Series A funding round

News | Online Payments | 01 Dec 2022

Canada-based payments company Buckzy Payments has secured USD 14.5 million in Series A financing to continue its global expansion.

cross-border payments, funding, financing , investment, real-time payments, FX

Leonteq launches its first exchange-traded product 

News | Online & Mobile Banking | 30 Nov 2022

Switzerland-based fintech Leonteq has announced the introduction of its ETP+ label, which aims to improve safety for investors, and launching its first exchange traded product (ETP) under the new label.

product launch, product upgrade, investment, risk management, banking

Plum expands crypto investment options for EU residents

News | Cryptocurrencies | 30 Nov 2022

UK-based fintech Plum has expanded its portfolio of investment options with crypto investing in France, Spain, Ireland, and Belgium.

cryptocurrency, investment, product upgrade, fintech

British banking platform Tide acquires Funding Options

News | Payments General | 30 Nov 2022

UK-based business banking platform Tide has announced it will acquire Funding Options, a UK marketplace for business finance, subject to FCA approval. 

funding, lending, B2B payments, investment, acquisition

Matrixport needs USD 50 million to complete a new funding round

News | Cryptocurrencies | 28 Nov 2022

Singapore-based crypto lending firm Matrixport has secured half of a USD 100 million funding round at a USD 1.5 billion valuation.

funding, lending, cryptocurrency, investment

Revio raises USD 1.1 mln in seed funding

News | Payments General | 28 Nov 2022

South-Africa based API payment and collections company Revio has raised USD 1.1 million in a seed round led by SpeedInvest to reduce payments failure in emerging markets.

funding, investment, payments , digital payments, API, payment processing, payments infrastructure

UK's Financial Conduct Authority warns about trading apps gamification

News | Online & Mobile Banking | 24 Nov 2022

The UK’s FCA has warned against the gamification of trading apps as these can lead to users taking on more risk and making poor investments.

gambling, FCA, regulation, trading platform, investment

Klavi attracts new investors in Brazil

News | Online & Mobile Banking | 23 Nov 2022

Brazil-based SaaS platform for data aggregation, analytics and API services focused on Open Finance Klavi has attracted new investors for its USD 15 million Series A round, according to Finsiders

Open Banking, investment, fintech, SaaS

Prosper Marketplace closes USD 75 mln financing round

News | Payments General | 23 Nov 2022

Prosper Marketplace, a US-based peer-to-peer lending platform, has closed a new USD 75 million financing round from Neuberger Berman.

funding, P2P lending, credit card, investment, artificial intelligence

Wipro Limited opens its new APMEA headquarters in Dubai

News | Payments General | 21 Nov 2022

India-based information technology company Wipro has opened a new Asia Pacific, Middle East and Africa (APMEA) headquarters in Dubai.

expansion, partnership, investment, financial services

Payouts fintech WeGift secures GBP 26 mln funding

News | Payments General | 18 Nov 2022

UK-based digital payouts fintech WeGift has bagged a GBP 26 million funding round to tap into a wave of companies dishing out one-off payments to staff and customers.

payout, funding, investment, fintech, inflation