Qupital, a fintech startup that bills itself as Hong Kong’s largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (CEFIF), with participation from returning investors Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, both participants in its seed round. To date, Qupital has raised $17 […]
View More Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland ChinaCategory: fintech
Investing app Stash raises $65M, launches banking and ‘stock-back’ rewards with Green Dot
Stash, the fintech startup and app that aims to introduce new people to the world of investing, is unveiling some interesting new services while also announcing that it has raised more funding to expand its business. The company is introducing mobile-based banking accounts from Green Dot Bank; and alongside it, a new rewards program it […]
View More Investing app Stash raises $65M, launches banking and ‘stock-back’ rewards with Green DoteToro bringing crypto trading and wallet to the US
eToro, the social investing and trading platform, announced that it will finally be launching its platform in the US. The platform, which already operates in more than 140 countries, will be available in 30 states and two territories with plans to expand elsewhere in the US after receiving the necessary regulatory sign-offs. The US platform […]
View More eToro bringing crypto trading and wallet to the USU.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billion
San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, Forerunner […]
View More U.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billionChallenger bank N26 plans to expand to Brazil
Fintech startup N26 plans to launch its bank service in Brazil in 2019. The company announced the news on stage at MWC in Barcelona. N26 has already announced that its next market would be the U.S. at some point during the first half of 2019. Brazil should launch after that. Right now, N26 is available […]
View More Challenger bank N26 plans to expand to BrazilVisa and Mastercard could raise interchange fees
According to a report from the WSJ, Visa and Mastercard are considering raising interchange fees on card transactions in the U.S. Visa and Mastercard generate most of their revenue from these small processing fees, and it could have implications for merchants and fintech startups. When you pay with a credit or debit card, merchants pay […]
View More Visa and Mastercard could raise interchange feesOakNorth raises $440 million from SoftBank and Clermont
British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans. Today’s funding round is the biggest funding round in a European fintech company. […]
View More OakNorth raises $440 million from SoftBank and ClermontBud raises $20M to connect banks to fintechs and other financial service providers
Bud, the U.K. fintech that helps banks connect their apps and data to other fintech companies and financial service providers, has closed over $20 million in further funding. The Series A round sees the company pick up backing from a number of banks: HSBC (which, via First Direct, it also counts as a customer), Goldman […]
View More Bud raises $20M to connect banks to fintechs and other financial service providersTrust & Will closes first electronic will in the US (plus $2m investment)
No one likes to think about death (least of all startup founders), but wills, trusts and estate planning are crucial for ensuring that your material assets get passed to whatever people or organizations you care about. Yet, few processes are more paper-driven than the legal process of getting your affairs in order. Finally, the estate […]
View More Trust & Will closes first electronic will in the US (plus $2m investment)Mooncard raises $5.7 million for its expense platform
French startup Mooncard raised a $5.7 million funding round (€5 million) from Raise Ventures, Aglaé Ventures and business angels. The company provides a service to track and manage your company’s expenses with the help of good old plastic cards. Corporate credit cards aren’t as widespread in France as in the U.S. and other countries. That’s […]
View More Mooncard raises $5.7 million for its expense platformFreelancer banking service Shine switches to paid subscriptions
French startup Shine wants to be the only professional bank account you need if you’re a freelancer. So far, 25,000 people signed up to the service and the company recently raised a $9.3 million funding round. Shine wants to help freelancers in France all steps of the way. After signing up, the app helps you […]
View More Freelancer banking service Shine switches to paid subscriptionsBanking startup N26 raises $300 million at $2.7 billion valuation
Fintech startup N26 is raising a Series D round of $300 million. Following this new funding round, the company is now valued at $2.7 billion. Insight Venture Partners is leading the round with Singapore’s sovereign wealth fund GIC and a few existing investors also participating. N26 is building a retail bank from scratch. The company […]
View More Banking startup N26 raises $300 million at $2.7 billion valuation