Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
Founded by Christopher Choo and Frank Zhao in February 2019, Qashier’s advanced platform powers small and medium sized retail and F&B businesses by combining a smart POS system, integrated payment acceptance, and advanced software solutions which include table management, online ordering and customer loyalty.
ComplyCube, the identity verification provider, has launched a multi-bureau verification service underpinned by a comprehensive set of credit agency data, government sources, and propriety databases.
Femi Apesin is the Head of Growth and Marketing at OnePipe, a Nigerian startup that has raised almost US$1 million in a pre-seed round with a plan to make API integration seamless for banks and fintech companies.
Westchester Angels announces first exit opportunity, parlays early fintech investment into major win
Investment group Westchester Angels announced its first exit opportunity, providing significant returns to a group of local investors and highlighting their intuition for spotting growth opportunities.
Hopscotch, the platform bringing a consumer-like experience to B2B payments, today announced its emergence from stealth with $3.6 million in seed funding led by NOEMIS Ventures and Stellation Capital.
Chargebee startup adds revenue recognition capabilities to solve complex finance challenges for SaaS, subscription-based businesses
Subscription Management startup Chargebee announced its acquisition of revenue recognition platform RevLock to expand the company's product offerings.
South African fintech firm Ukheshe partners with Chipper Cash startup to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.
Africa's crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent.
EMURGO, the official commercial arm of the Cardano blockchain, announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.
Ugandan fintech startup Fin-e Innovations raises $300,000 to bridge funding gap of African energy SMEs
Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of $300,000 from an undisclosed party in the United States.
Absa Bank Kenya has partnered with Pan African impact investment platform Melanin Kapital, to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Will Smith's Dreamers VC backs $4m funded fintech startup Front to take on wall street, arm investors with better insights
Front, a strategic investment platform and companion app to Robinhood, Coinbase, Stash, and more that helps guide better investment decisions for new investors, announced the launch of its new app with funding from Will Smith's Dreamers VC.
Check, the payroll-as-a-service startup whose mission is to make paying people simple, announced a partnership with Procare Solutions, the child care management software platform.
Insurtech startup NEXT Insurance renews commitment to small businesses with integrated strategic rebrand
NEXT Insurance, the digital insurtech company transforming small business insurance, announced its strategic rebrand which will integrate small business owners from across the country into every part of the company's business, culture and ethos.
Silicon Valley Bank (SVB), the bank of the world's innovative companies and their investors, announced a team of commercial bankers have landed permanently in Miami to focus on Florida's dynamic innovation sector.
Apto Payments, a next-generation cards and payments company, announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.
OneFor is a fintech startup that offers various mobile money applications and technical services, including account, payment and card services. Its card solution is supported by Mastercard International. The startup’s Co-Founder Marco Abele elaborates.
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.
South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
South Africa“s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership with global next-generation card solutions and digital security company, dzcard.
Varicent, a provider of incentive compensation and sales performance management solutions, has acquired Concert Finance (Concert), an innovative provider of commissions software designed by compensation experts.
Arab Bank launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back in 2018.
Fintech startup Pngme raises $15m Series A funding to power the future of financial services in Africa
Fintech startup Pngme raised $15 million in Series A funding as the company sets out to grow its financial data infrastructure and machine learning-as-a-service platform for financial institutions and fintechs across sub-Saharan Africa.
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.
The acquisition of Kidfund will further accelerate UNest’s growth and deepen the company’s goal to simplify and streamline how parents save and invest for their kids’ future.
Mobility fintech startup Moove raises $23m Series A funding to democratize vehicle ownership in Africa
Moove, an African mobility fintech startup, announced it has raised $23 million in Series A funding, led by Speedinvest and Left Lane Capital.
Mastercard has opened door to startups around the world looking to grow platforms across open banking, predictive financial modeling for small businesses, smart rental payments and beyond.
The pan-African banking group, Ecobank group, is inviting African fintech entrepreneurs to join the 4th edition of the Ecobank Fintech Challenge.
Insurtech startup NEXT Insurance participates in Amazon Insurance Accelerator to provide access to affordable General Liability coverage
NEXT Insurance, the digital insurtech company transforming small business insurance, announced it is participating in Amazon Insurance Accelerator, providing Amazon sellers looking to buy insurance with instant quotes at competitive rates.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that offers full digital insurance to cars, homes, and valuables.
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.
Lithic, the card issuing platform for developers, raised $60 million in Series C funding, bringing the company's total fundraising to $110 million.
Paxos, the first regulated blockchain infrastructure platform, announced it has added strategic investors including Bank of America, Coinbase Ventures, Founders Fund and FTX to its Series D round of funding.
South African payments startup Yoco has raised a Series C funding round of $83 million (R1.23 billion) to accelerate product development and reach more merchants in South Africa and beyond.
DLA Piper represented 4G Clinical, a cutting-edge randomization and trial supply management (RTSM) company serving the life sciences industry, in a growth equity investment of over $230 million from Goldman Sachs Asset Management.
Hong Kong-based insurtech startup YAS MicroInsurance features in TOP 10 of Plug and Play Insurtech Batch 5 startups
Hong Kong-based next-generation Insurtech startup YAS MicroInsurance, has been featured as one of the TOP 10 of the Insurtech Batch 5 in Plug and Play APAC, a well-known global startups accelerator and innovation platform.
FSD Africa, the Insurance Regulatory Authority (IRA) and Tellistic Technology Services have launched BimaLab, a KES 5.3 million accelerator programme designed to support insurance startups in Kenya.
HelloFlow, a Danish fintech startup, has closed a $1.6m Seed round led by a Danish VC PreSeed Ventures, and UK-based, Seedcamp.
Marco, the first tech-enabled financing platform built for small and medium-sized exporters in the United States and Latin America, announced it has raised $82 million in seed funding.
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners.
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.
IFC announced an investment in a new mezzanine fund managed by Vantage Capital, a mezzanine funding provider on the continent, which will provide capital to fast-growing companies in Africa.
Yes Lender acquires fintech startup Edge Funder to create AI-powered funding portal for small businesses
Yes Lender announced it acquired Edge Funder, a fintech startup that is transforming entrepreneur's access to working capital through its direct-to-merchant funding portal.
South African fintech startup Ukheshe Technologies comes second in KPMG Global Tech Innovator competition
The KPMG Private Enterprise Global Tech Innovator Africa competition came to a close this week and saw South African fintech startup Ukheshe, take second place among 75 other worthy entrants across Africa.
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria.
Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity in Africa in 2020 along with information about the types of investors that have participated in those deals.
The debt and equity raise for challenger fintech, Zeepay, head-quartered in Ghana, follows a $20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business.
Codat, the technology company that enables small businesses to seamlessly share business and financial data with financial and other service providers, secures $40 million from investors, following 3x annual growth and doubling of headcount.
Ghanaian Fintech startup Zeepay announced the completion of a $7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.
South African fintech startup, Ukheshe Technologies has partnered with ForexPeople, one of the country’s names in forex with over 20 years of experience, to seamlessly facilitate cross-border payments from South Africa into Africa.
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, today formally announced its Circle of Corporate Innovators, with its first members, Fidelity Bank, Ecobank, Sterling Bank, Access Bank and the VFD Group.
TycoonInvest announced the launch of a platform for the general public to invest in startups and small businesses.
Three Kenyan insurtech startups each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance and other partners, to promote insurance inclusivity.
Decentralized derivatives exchange SynFutures, announced the close of a $14 million Series A round of financing led by Polychain Capital with participation from Framework, Pantera Capital, Bybit, Wintermute, CMS, Kronos, and IOSG Ventures.
Iron Ox, a farming innovation company with deep expertise in robotics and artificial intelligence, hired its first Chief Financial Officer and its first Head of Marketing as the company accelerates growth and expands its commercial footprint.
Banking as a service startup Unit raises $51m Series B funding to expand the team, accelerate growth
Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products, announced it has raised a $51 million Series B led by Accel.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
B9 raises $1.7m in pre-seed round to launch fintech platform to deliver full suite of personal financial services
Fintech startup B9 Inc., announced it is launching a full suite of app-based financial services. The company raised $1.7 million in an ongoing pre-seed funding round and is building out a platform to address the needs of a huge market of potential customers.
ShareVision raised $2.1 million in seed funding to scale its financial streaming platform, where both businesses and consumers are streaming content on the stock market, economical updates and financial education.
The Beans, a financial technology startup built for America's Caring Class, announced $2 million in funding, led by Precursor Ventures.
Conquer Accelerator announced its sixth season and summer 2021 cohort. The 10-week accelerator welcomes six selected teams to its East Lansing program: CrossBraining, Frizzmo, Nickels, Rebound AI, SafetySit, and Tandem.
Rapyd, a global Fintech-as-a-Service company, announced today the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses that are delivering the next wave of financial services innovation.
Green Feather, an Atlanta-based healthcare fintech company, announced a seed capital raise of $1.5 million. The capital will bolster customer acquisition and engineering resources for Feather Pay, Green Feather's next-generation patient payments platform.
Venture capital funding for African startups to reach $2.8 billion in 2021, a record high for the continent
African tech accelerator AfricArena recently released a new report using Partech data which has forecast that venture capital funding for African startups will amount to between $2.25 billion and $2.8 billion this year, a record high for the continent.
Digital wallet startup Eco raises capital from cultural and business leaders to create a better financial future for everyone
Eco, a digital wallet for saving and spending, announced some of the world's most prominent cultural icons participated in its recent fundraise of more than $26 million, alongside a16z Crypto, Founders Fund, and more than one hundred others.
Payment facilitation startup Tilled raises $11m Series A to provide PayFac-as-a-Service infrastructure to software companies
PayFac-as-a-Service startup Tilled, announced the close of $11 million in Series A funding to empower software companies to monetize the payments flowing through their platforms.
Synchrony, a consumer financial services company announced it will commit $15 million to venture capital funds led by Black, Latinx, and female investing partners.
Panther Global, which helps businesses hire and manage a global workforce in 160+ countries, announced the raise of $2.5 million in seed funding to expand, hire more internal talent, and continue to provide hiring and payroll support for businesses.
Boost Insurance, the B2B digital insurance platform, announced the completion of a $20 million Series B financing round to fuel growth of its platform, new product development and partner marketing.
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks unveiled an aggregated news feature to its platform.
AlphaCode announces four startups taking part in the second phase of its incubate programme in South Africa
AlphaCode has announced the four fintech startups that will be part of the second phase of the AlphaCode Incubate programme.
South African fintech startup Ukheshe Technologies announced it will be expanding its footprint into the Asia-Pacific region as it introduces innovative digital-first payment solutions.
Finadvant takes advantage of Railsbank's innovative BaaS platform to secure GBP and EUR ledger technology, offering the ability for their customers to receive, send and convert payments via SWIFT and UKFP.
Treasury Prime, the Banking as a Service (BaaS) company, announced it has completed a $20 million Series B insider round co-led by Deciens Capital and QED Investors and with participation from SaaStr Fund, and Susa Ventures.
Spinwheel, the platform that lets companies embed consumer debt solutions in their applications, disclosed fundraising of $11 million led by QED Investors with participation from Core Innovation Capital, Fika Ventures, and Firebolt Ventures.
Expend, the AI-powered fintech startup changing the way businesses manage expenses and spending, announced a great start to its crowdfunding campaign on Seedrs.
Tippy, the digital tipping platform, announced it has been selected to join Mastercard Start Path, an award-winning program for fintech innovators.
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya.
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding.
Social Lend Africa is a Uganda-based financial technology company that facilitates transactions between micro-lenders and small business owners on its web and mobile app
The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.
Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from CDC Group.
Atlanta-based startup Outsource Monetic commences commercial and technical operations in West and Central Africa
Outsource Monetic™, an Atlanta GA based startup, officially started its commercial and technical operations in West and Central Africa regions.
Fortú announced the launch of its digital bank account focused on Latino and Hispanic U.S. residents who remain underserved by the "one size fits all" approach of traditional financial institutions.
Trust Payment has expanded into Ireland. The payments technology group will open an office in Dublin city centre as it seeks to benefit from local talent and rapid growth in the country's Fintech sector.
Goodwell V will build a new portfolio of companies across various sectors in Africa: at least a third will be invested in financial inclusion, a quarter in agriculture, and the remainder in mobility and other impact sectors such as education and healthcare.
Some of the services it offers include trade routing, price aggregation, AI based market analysis and reporting solutions.
Splitwise Inc, an interpersonal finance app for sharing expenses with friends and family, announced the raise of $20 million in Series A funding led by global venture capital and private equity firm, Insight Partners.
Accenture announced an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market.
Detroit-based fintech startup Signal Advisors raises $16m to build end-to-end platform for independent financial advisors
Signal Advisors, a tech-enabled distributor of annuities and life insurance, announced a $10 million Series A led by General Catalyst, which closed in December 2020.
Global innovation platform, Plug and Play, announced the launch of its new office in Seoul, Korea, to primarily focus on corporate innovation in the areas of Financial Services and Smart Cities and expects to expand to other industries in the future.
The MoU will leverage on programs run by the two organizations. These include the E4Impact Accelerator Program, the Afro-Asia Fintech Festival and the Annual Hackathon hosted by CBK and the Monetary Authority of Singapore (MAS).
Insurtech startup OKO raises $1.2m to bring innovative insurance to smallholder farmers across Africa
OKO, an insurtech startup that provides inclusive agricultural insurance to secure farmers’ income across Africa, closed a seed investment round of $1.2 million, led by Newfund and ResiliAnce.
Subscription Management startup Chargebee raises $125m Series G funding to accelerate global shift to subscriptions
Chargebee, the subscription billing and revenue management platform, announced a fresh round of $125 million in series G funding, co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners.
Wage, an infrastructure software solution that lets people seamlessly and securely share their payroll data with third parties, announced the close of $5 million in funding to scale customer acquisition and support additional payroll data partnerships.
Abre.io (Abre), and Pay Theory announced their partnership to help them better achieve their shared mission of breaking down socioeconomic and technical barriers to education.
Indian fintech startup Avanti raises $26m in Series A funding round to further invest in its digital tech platform
Indian fintech company Avanti Finance (Avanti) secured $26 million in debt and equity from Oikocredit, Bill and Melinda Gates Foundation, Nomura and the family office of Pratul Shroff.
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, announced the close of its $10 million Series A round.
Empathy, a platform helping families navigate the journey they face after losing a loved one, announced the launch of its application on iOS and Android for users across the United States.
Marquee Equity, a fintech platform, has helped a Florida-based B2B Payments company, Qolo.io, close its seed round.
Touted as a disrupter in financial comparison, ROSHI plans to provide Singapore with a first to market home loan marketplace, which connects customers.
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
Paidy Inc., Japan's "Buy Now, Pay Later" (BNPL) service provider, announced it completed the Series D round of funding, raising a total of $120 million.
During the three months of the program, the selected startups will participate virtually in networking events, mentor sessions, focus weeks, and private dealflow sessions.
The European Bank for Reconstruction and Development (EBRD) is providing a fresh boost to Turkey's technology sector by investing in DgPays, a digital payment system provider, alongside Goldman Sachs.
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance.
Kenyan agency banking startup Tanda announced its expanding its regional operations after closing a funding round from HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and 3 more investors.
Greenwood, the digital banking platform for Black and Latino individuals and business owners, announced it has closed $40 million of Series A funding from six of the seven largest U.S. banks and the top two payment technology companies.
Usage AI (usage.ai), a platform that empowers companies to reduce their monthly cloud expenditure, announced the close of its seed round led by Tinder Founder Justin Mateen.
Online real estate startup Lev raises $10m seed round to build the future of commercial transactions
Lev, the online commercial real estate financing transaction platform, announced a $10 million seed financing round.
This round of investment comes as cryptocurrency continues to see exponential growth with a market cap of $1.5 trillion.
Canadian startup Arteria AI raises $11m on oversubscribed Series A to accelerate growth in global financial institutions
Arteria AI, a global player in enterprise digital contracting, announced the closing of an oversubscribed Series A funding round, led by Information Venture Partners and Illuminate Financial Management.
Plug and Play announced a collaboration with Finastra, global financial technology provider, to help expand its FusionFabric.cloud platform for open innovation.
Mobile payments startup DepositLink raises $3.5m to expand its payments platform for residential real estate
DepositLink, the industry player in electronic payments for residential real estate transactions, announced the close of its successful series seed financing.
Asteya, an income insurance startup whose mission is to provide financial health and wellbeing by transforming the disability insurance space, announced its launch and disclosed fundraising of $10 million.
Fintech startup Honeycomb Credit closes $1.75m seed round to expand community capital model nationwide
Honeycomb Credit, a first-of-its-kind loan crowdfunding platform, is expanding its community-based small business financing model nationwide after closing a $1.75 million seed funding round.
Nigerian fintech startup Team Apt has launched an internship program to support women in Technology. The program will run for six months providing a platform for young women to grow their skills.
Canadian retail finance startup FIX4 Capital has joined the "Buy Now Pay Later" boom by offering instant online loan approvals so customers can enjoy flexible payment solutions for any car repair and maintenance estimates.
Chargebee, the global player in subscription billing and revenue management, announced that it will be pledging $5 billion dollars of revenue processing capability for early-stage startups.
Burkland, a full service fractional CFO and accounting provider for startups, announced a new dedicated Financial Technology practice team.
San Francisco-based Bitcoin financial services provider River Financial closed a $12 million Series A equity financing round to continue growing its financial service offerings for traditional investors.
IFC announced an investment in the Savannah Fund, a technology seed fund in Africa, to increase lending to startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
Global innovation platform, Plug and Play, announced its newest partnership with PIMCO, one of the world's premier fixed income investment managers.
Nigerian fintech startup Flutterwave raises $170 million to develop complementary innovative products
Founded by entrepreneur Olugbenga Agboola in 2016, the company’s valuation is considered to be valued at more than $1 billion.
Cube, the next-generation Financial Planning & Analysis (FP&A) platform for modern Finance teams, announced a Series A round of funding led by Mayfield, with participation from Bonfire Ventures and Operator Collective.
AeroPay, a Chicago-based digital payments platform powering bank transfer payments for businesses, announced the closing of a $5+ million Venture Round led by Chicago Ventures, a firm that leads investments in early-stage startups.
DLA Piper named top three law firm for combined M&A, venture capital, private equity deal volume by PitchBook
DLA Piper announced that the firm ranked among the top three most active law firms for combined global deal volume in M&A, venture capital and private equity in 2020, according to PitchBook.
Healthcare Fintech startup, PayGround, announced the closing of its $4 million Seed Round to strengthen its position of simplifying the way patients pay their healthcare bills.
Envestnet | Yodlee, Productfy partner to offer single technology platform for early-stage startups to embed financial products
Envestnet | Yodlee is partnering with Productfy, to offer a single platform for quicker development of financial products and solutions for Fintech startups.
ImaliPay, an African-based fintech start-up is making waves by reshaping the future of work in the gig economy.
Turff is a Dutch startup that runs a software platform for financial management of consumables. Expenses in student houses, associations and canteens are tracked on a free tablet.
Union Bank, one of Nigeria’s foremost financial institutions, has unveiled the 2021 UnionX Innovation Challenge, as part of efforts to support young startups and boost innovation in the startup ecosystem.
Fintech startup TiiCKER celebrates Detroit public companies with exclusive shareholder perk for investors
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks, announced an exclusive reward for shareholders of metro Detroit-based public companies.
Early-stage investor DFS Lab announces fintech and digital economy design sprint for startups in Egypt
Early-stage investor DFS Lab announced it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt. The sprint is hosted by the Central Bank of Egypt, in collaboration with the Financial Regulatory Authority.
Fintech startup Finix exceeds $100m in funding, adds execs from Google, Tesla, and Uber to its C-Suite
Finix, the payments infrastructure company helping vertical SaaS companies transform their businesses through payments, surpassed $100 million in total funding, allocating 10% of its most recent funding round for Black and Latinx investors.
InsurePay, a workers' compensation administration and insurance premium billing platform for insurance providers, announced it has completed a $5 million Series A round of financing.
Boast.ai, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm.
Analysis by Israeli NGO Start-Up Nation Central (SNC), has revealed that January 2021 saw record investments in Israel during a single month. Six startups raised more than $100 million each (mega rounds) during the month, totaling 73% of the total.
Insurtech startup TrustLayer raises $6.6m to expand its insurance verification and compliance platform
TrustLayer, the collaborative risk management platform, announced it has completed a $6.6 million seed round of financing.
Lockstep, the world's first connected accounting cloud, announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners.
Nationwide announced the expansion of its venture capital investment fund to $350 million, to be directed into high-growth potential insurance and financial services startups that directly advance Nationwide's strategy.
Insurtech startup Marble secures $2.5m seed round, launches first digital wallet and rewards for insurance
Marble, the first digital wallet and loyalty platform for insurance, announced $2.5 million in seed round funding.
Vested Finance, a Silicon Valley-based online investment platform that enables Indian investors to invest in the U.S. stock market, announced it has raised a $3.6 million seed funding round.
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.
Routefusion, a financial technology company focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, has secured $3.6 million in seed funding.
Crush Capital, the fintech company behind upcoming interactive streaming series "Going Public," announced a $3.25-million Seed round to accelerate the show's development and advance its goal of bringing IPO investing to everyday Americans.
Israeli fintech company TenureX has come out of stealth mode, announcing it is starting its pre-seed financing round with the first $1M, backed by VentureIsrael.
Scalapay, a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest, announced it has raised a $48 million seed round.
The former President of Mastercard Europe, Javier Perez, announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology.
Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch with $35 million in Series B funding from Stripe and Thrive Capital.
Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, announced its seed capital raise of $3.9 million.
Analytics startup Quantifind secures $22m financing to accelerate market for automated financial crime and risk investigation
Quantifind, a provider of solutions that use data science to help automate financial crimes investigations announced a strategic growth funding round of $22 million.
Relevance Ventures, the Native American privately owned and operated venture capital firm, announced that Bryan Hunt, a Chartered Financial Analyst (CFA), is joining the firm as a Senior Investment Manager.
Wimple, (Wealth made Simple), a platform for retail investors and consumers to ask financial questions and connect with top financial professionals in their area, has raised a seed round from strategic investors.
Planswell, the Toronto-based startup delivering free financial plans in about three minutes at Planswell.com, is preparing for expansion to Latin America and Asia by filling key executive positions.
Insurtech platform Arbol Inc. announced it has closed its Series A fundraising round with commitments totaling nearly $7 million. Arbol's Series A round was oversubscribed and completed at a significant increase in valuation from its initial seed round.
TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
Global information and insights company, TransUnion, has partnered with South Africa’s financial marketplace, Fincheck, to make credit application process easier and less frustrating for consumers.
Fintech startup Bookkeeper360 raises $1m seed round to deliver SaaS business intelligence platform to small businesses
Bookkeeper360, a fintech company focused on accounting and advisory solutions for small businesses, announced $1 million in seed funding to support an increase in investor confidence for small business fintech solutions .
Subscription management software tool Minna Technologies has raised €15.5 million in Series B fundraising led by Element Ventures.
Data presented by Buy Shares indicates that approximately 25,500 jobs have been lost in the top ten largest startup layoffs amid the pandemic. The layoffs were recorded between March 2020 and January 2021.
Brace, a digital mortgage-servicing platform, announced it raised an additional $15.7 million in Series B funding led by Canvas Ventures.
Global retail corporation Walmart has announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions.
Curve, the London-based fintech that combines multiple cards and accounts into one smart card and even smarter app, has secured $95 million from a group of international investors as part of a successful Series C round.
CARMA is an African-based startup offering proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis. While non-lending organizations can also monetize their data which will increase their number of lenders.
Snap Accounts Payable Corporation announced it has completed the first stages of a planned $2 million Seed Stage round of financing being led by a group of angel investors all located in Israel.
InfraCredit, a specialised local currency infrastructure credit guarantee institution, announced the completion of $27 million equity investment from InfraCo Africa.
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
Pay Theory, a Cincinnati-based startup, launched a new payment processing platform with the mission of making school fees and payments straightforward for all involved parties: families, educators, and administrators.
Nigerian consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.
Dot Investing, a fintech startup based in London, has launched an online investment platform that allows individual investors to invest in top private and alternative asset funds.
[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
The digital economy has opened up many opportunities for global businesses. Large enterprises and small businesses have seen increased profits and enhanced productivity due to digital innovation.
Contour Venture Partners, a New York City based seed stage venture capital firm, announced the closing of Contour Venture Partners IV with $82 million of capital commitments, exceeding its target of $75 million.
Credit Key, the B2B e-commerce payments solution, closed $33.85 million in total series A financing to support growth with participation from Greycroft, Bonfire Ventures, Loeb.nyc and other investors.
African fintech startup Chipper Cash has secured a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.
South African fintech startup Ukheshe announced it has entered into an agreement to acquire Oltio, a mobile technology company that developed Mastercard’s QR payment service Masterpass in South Africa.
Satispay, an Italian fintech startup revolutionizing mobile payments, has announced a €93 million Series C round. The round consists of €68 million of newly issued primary shares and approximately €25 million secondary shares.
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
African Infrastructure Investment Managers (AIIM), Africa’s infrastructure-focused private equity fund managers, has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator.
Sarwa, online investment advisory platform for young professionals has unveiled its next-generation Sarwa X, a new product powered by a strategic partnership with Saxo Bank, a Fintech and Regtech specialist focused on multi-asset trading and investment.
Life.io is a US-based startup that helps companies accelerate the development of their end-to-end digital client experience with the Life.io Solution Suite: Grow, Engage and Empower. Jon Cooper the startup’s co-founder and CEO elaborates.
As interest in sustainable investing continues to grow apace, Clim8 Invest (Clim8), a digital investment platform that help consumers invest exclusively in companies focused on tackling the climate crisis, has raised a further £2.4 million in funding.
British fintech startup ilumoni raises $450,000 to transform borrowing behaviours, help people repay debt
ilumoni, the fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised $450,000 pre-seed investment backed by Move Ventures.
EML Payments Limited has made an initial investment via its FINLAB hub in innovative embedded finance and international payments platform The Hydrogen Technology Corporation.
Mastercard has welcomed 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce.
Kwara, a digital banking platform in Kenya announced the launch of a Customer Success Traineeship Program. The program is part of the company’s broader agenda to build capacity for rising young Kenyan professionals.
Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.
Shift4 Payments, a provider of payment processing and technology solutions, has announced the acquisition of 3dcart, an ecommerce platform serving over 14,000 businesses.
Slice Labs and AXIS Insurance collaborate to bring home based business insurance to small businesses
Slice Labs Inc., a technology startup with the first on-demand insurance platform, has created an alliance with AXIS Insurance to distribute AXIS Home Based Business insurance to help protect small businesses.
Zip Co Limited, a player in the digital retail finance and payments industry,has announced it has closed a A$100 million debt funding agreement with Victory Park Capital, a global alternative investment firm.
Crypto marketplace Paxful announced it is adding Uhuru Wallet as a payment method to its platform, to help provide easy access to the crypto economy for users in Southern Africa.
Ingressive Capital, a $10 million VC fund targeting early-stage startups across Sub-Saharan Africa, announced its investment in Nigerian rental financing startup Kwaba.
ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.
SUMA Wealth launched its platform to engage, educate and empower U.S.-born Millennial Latinos, a community vital to the U.S. economy, in their fight for financial inclusion.
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.
Swedfund invests in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Swedfund, the Swedish Development finance institution, announced its investment in Kasha Global, a Femtech e-commerce platform with subsidiaries in Rwanda and Kenya, to support women’s health and self-care.
Tomo Networks, a fintech startup that will improve the homebuying experience, initially as a digital mortgage and transaction company, announced it has raised a seed round of $40 million led by Ribbit Capital, NFX and Zigg Capital.
Financial technology startup Lightyear announced the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online.
Mexican fintech startup Akiba was selected as one of the 50 best startups worldwide among 403 Startups from 111 countries, after a competitive selection and verification process by an independent panel of 35 experts.
Dutch fintech startup Silverflow raises €3m to launch its card payments processing technology in 2021
Global payment technology company Silverflow announced a €2.6 million seed funding round, led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and notable angel investors and industry leaders
London-based digital payments startup Wirex has launched the waitlist for a new multicurrency Mastercard debit card, just days after its record-breaking crowdfunding campaign came to a close, raising £3.7 million in 2 weeks.
NeuXP is an integrated digital banking startup based in Malaysia that is positioning itself as the amazon of banking by providing a complete ecosystem with innovative services and leading-edge financial management tools.
Tiliter, artificial intelligence (AI) provider whose technology uses computer vision to recognise products without barcodes compled a $7.5 million capital raise led by Investec Emerging Companies (IEC).
Tokoin, an Indonesian startup using blockchain technology to reduce the barriers that small and medium scale enterprises face while trying to access credit, has introduced BISS DeFi Program to benefit both investors and partner enterprises.
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.
Save and Galileo announced a partnership agreement to use Galileo's powerful and customizable API-based payments processing platform to process transactions and funding.
Greenwood has secured $3 million in seed funding from private investors as the first digital banking platform for Black and Latinx people and business owners.
Fueling its efforts to expand access to credit and greater financial health, Atlanta-based fintech lender VIVA Finance has closed a $2.3 million seed round led by Acumen Fund.
Texas-based startup, Viva First, is launching a new mobile bank with the Latino community in mind, all 52 million in the United States.
Castles Technology, one of global payment solutions providers which offers services to more than 50 countries around the globe, has announced completion of the acquisition of the business and assets of Spire Payments,
DoubleCheck, financial technology startup, announced the appointment of Bill Amelio as Co-Chief Executive Officer and Executive Chairman.
Ten fintech companies have been selected for the seventh annual FinTech Innovation Lab Asia-Pacific, a mentorship program created by Accenture.
Chargebee, the subscription billing and revenue operations platform powering thousands of fast-growth subscription businesses announced a $55 million Series F funding round led by Insight Partners.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
Along with 80 other financial institutions across the United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Shanghai, Singapore, and Tokyo, Alfa Bank will join Plug and Play's global ecosystem.
Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.
EasySend raises $16m to enable insurance companies and financial institutions to build a no-code digital future
EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital.
Insurtech startup cogniSure launches AI platform for commercial loss run automation with 9 pilot customers
The insurance industry spends a significant amount of manual effort, time and money analyzing PDF and Excel loss runs that are in nonstandard, carrier-specific, unstructured document formats.
Atama A.I is a Netherlands startup that develops Artificial Intelligence-based trading algorithms for financial markets informed by years of research and development. It uses over 170 technical indicators and trained and back-tested millions of times to predict where the markets will go.
Payment-solutions provider Clearent has acquired Wintac, a field-service-management software solution primarily targeting residential contractors.
Movile, one of Latin America’s investors and growth accelerators for technology companies, has announced the company led a new investment of R$ 60 million in Zoop, a startup in financial services for the B2B market.
Finch, a New York based fintech startup that integrates the benefits of investing and the flexibility of checking into an all-in-one account has raised $1.8 million in seed funding to launch its platform and help transform how people manage their money.
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
South Korean fntech startup WireBarley raises $10m Series B to strengthen global remittance service capabilities
South Korean fintech startup in global memittance WireBarley has raised $10 million in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment.
Plug and Play announced the selection of 147 new startups into its winter 2020 batches. The startups were selected to join one of the following programs that will run through November 2020.
London based fintech startup KodyPay, raised £1.8 million to transform the payments industry, allowing users to pay for goods in-store without queueing thereby making shopping a prompt and effortless process.
Trust Payments partners with messaging and e-commerce startup Wakanda Messenger to empower Africans around the world
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger.
First AML has raised $5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.
Flagstar Bank and the Fintech Consortium are accepting applications for the Flagstar MortgageTech Accelerator Program now through Sept. 30.
MetLife, Inc. has announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars.
Banco Santander announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry.
Oyster has announced the closing of a $14 million seed round. This is the largest venture capital investment for a seed round in Latin America to date under the LAVCA umbrella.
Dutch-based payment service provider Mollie has announced the closing of €90 million in its Series B funding round, taking the total amount raised by the company to €115 million.
Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off.
Following close to three years as the first CEO of Findev Canada, Paul Lamontagne has announced that he is stepping down effective September 11, 2020.
Kira, a decentralized finance technology company, successfully closed its Seed round backed by the private equity firm Ascensive Asset Management and Alphabit Fund.
With pre product startup founders struggling to raise capital due to the COVID pandemic, Creative Chaos along with RallyCry Ventures launched a MVP Financing Program to help founders build their ideas during these difficult times.
BUX has launched its zero-commission investing app, BUX Zero, in Belgium.
U.S. fintech startup Robinhood announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners.
Estonian fintech startup EvoEstate announced a €140K pre-seed extension to close its €320K pre-seed round, backed by Lithuanian Startup Wise Guys, a Hong Kong-based stealth investment fund, and business angels from France and the Baltics.
Financial services startup Robinhood announced that this year, the company plans to hire hundreds of additional registered financial representatives in Southlake, Texas, and Tempe, Arizona.
CaixaBank has launched a new open innovation program to support startups in Spain and Portugal called the DayOne Open Innovation Program.
Teller, a blockchain project for decentralized lending incubated by A16Z’s crypto startup school, has announced a $1 million seed raise led by Framework Ventures.
Seattle based fintech startup Routable has raised $12 million in Series A funding from Founders Co-op, Lee Fixel, Y Combinator, Box Group, Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund, and many others.
kompany, an award winning RegTech platform for Business KYC (KYB) announced new investment of almost €6 million to accelerate growth and expand its new product lines.
Quantexa, the contextual decision intelligence software company, announced that it has raised $64.7 million in Series C funding led by Evolution Equity Partners, with major participation from existing investors.
ComplyAdvantage, a global technology company transforming financial crime detection, has announced the close of a US$50 million Series C funding round, bringing the total investment to date to $88 million.
GreenTec Capital announces that Xavier Chapel has joined the team in the role of Head of Venture Building, to leverage his extensive international and entrepreneurial experience in selecting startups that best fit GreenTec investment criteria.
OnePay, a Moroccan fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions announced a $417,000 investment from Maroc Numeric Fund II.
Dutch fintech startup BUX has launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market.
Cevinio, a fast-growing Accounts Payable software company from Rotterdam has raised €4.5 million from Endeit Capital and CNBB Venture Partners.
CDC Group, UK’s development finance institution and leading impact investor, has committed $100 million to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners, a leading Africa-focused private equity firm.
IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.
Catalyst Fund, the global inclusive fintech accelerator, has announced that six new fintech startups, from Nigeria, South Africa, Mexico and India are joining its existing portfolio of 31 companies.
Enygma Ventures has made a $1 million investment in Zambian based micro finance startup, Lupiya. This investment, will enable Lupiya to continue to scale and roll out its services.
The European Investment Bank (EIB) and NavVis signed a contract financing of €20 million to NavVis, a global market leader in digital twin technology.
Nigeria's First City Monument Bank (FCMB) has partnered with Passion Incubator, a Lagos-based early-stage incubator and accelerator that has invested in some Agritech startups, to launch the virtual edition of the FCMB Agritech Epic Pitch 2020.
Yabx targets the unbanked population in the emerging markets of Africa, Asia, and Latin America by leveraging the digital footprints of an individual and providing tailor-made financial services. The startup’s founder and CEO Rajat Dayal explains.
Capital Markets Gateway (CMG), a New York based financial technology firm modernizing the equity capital markets (ECM) announced it received a strategic investment of $25 million from several financial firms.
Symmetrical, a company that partners with employers to give their employees financial freedom and peace of mind has closed a €5.6 million.
Revenued, a US-based financial technology startup founded in 2018, has announced the acquisition of Sky Bridge Business Funding.
East Africa fintech startup Beyonic announced that the company has been acquired by MFS Africa. MFS Africa operates Africa’s largest digital payments hub, connecting more than 200 million mobile wallets on the continent.
Nigerian fintech startup Wallets Africa has raised an undisclosed amount of funding to expand its operations and continue its quest to become Africa’s foremost borderless digital payments platform.
Egyptian fintech startup MoneyFellows has secured $4 million in Series A investment from venture capital firms Partech and Sawari Ventures.
French startup Memo Bank has become the first independent bank to emerge in France in half a century and it aims to support the growth and digital transformation of French and European small and medium-sized enterprises.
Berlin-based financial crime risk quantification agency Elucidate has raised €2.5 million investment led by Silicon Valley-based 11.2 Capital with other participants in the round including Seed X Liechtenstein, Apex Ventures, Big Start Ventures and SixThirty Ventures.
Byngo Investments offers access to financial services that are found around the globe to Africans who do not have access to the same tools.
Pan-European marketplace for short-term, property-backed loans, EstateGuru has closed a €880K funding round on investment platform Seedrs.
Paypal has invested €90 million in Stockholm-based fintech Tink and entered into a strategic agreement with the startup.
London-based Plutus, a Fintech firm has announced an affiliate partnership with sports apparel giant, Nike.
Start-ups across the regions where the European Bank for Reconstruction and Development (EBRD) invests will benefit from a new partnership between the Bank and Startup Wise Guys, a leading start-up accelerator with a presence across the Baltic states.
Checkout.com has acquired Australian startup, Pin Payments. The move represents the next chapter of Checkout.com’s momentum across APAC.
PruPay, a U.S.-based payments technology company has joined forces with PayPal to launch touchless pay for customers through text messaging.
Iceland-based Meniga has closed a €8.5 million strategic investment that will be used for continued investment in its research and development activities.
Online investing platform Freetrade, has defied the Covid-19 lockdown to raise £7 million from more than 8,000 people.
Kenya’s agritech and financial services startup Apollo Agriculture has raised $6 million in Series A financing to bolster its resolve to empower small-scale farmers to maximize their profits.
Coalition, a US cyber insurance and security startup has raised $90 million in equity capital to fuel its mission to solve cyber risk, and support its rapid growth and global expansion.
Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app they are using.
London-based fintech startup Countingup has received £4milion from venture capital firm ING Ventures to bolster its mobile banking app.
Vise, an AI-driven investment management platform built for the modern financial advisor, has secured $14.5 million in Series A funding, bringing the total capital raised since Vise's founding to over $16 million.
Agicap, a French-based startup building a SaaS platform for SMBs to manage and forecast their cash flows, has raised €15 million in a round led by Partech.
Swiss digital financial services company, Alpian SA, has announced a successful Series A funding round worth CHF 12.2 million, approximately €11.5 million.
TBP Limited, a UK fintech startup, operates tbeep™, an electronic platform offering corporations a faster and smarter model that addressess the delays and physical interaction involved with handling money, cheques, and paperwork.
Zeitgold, has announced it has raised €27 million in Series B funding as it seeks to grow its footprint in small business accounting automation business.
Early-stage startups have been hit the hardest in the first quarter of 2020, with early-stage funding rounds dropping by a massive 41 per cent globally as compared to quarter one of 2019.
Babatunde Akin-Moses is the CEO of Sycamore a Nigerian company offering peer to peer lending while connecting lenders to borrowers.