The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70%...
Five years ago, U.S. Bank created a dedicated FinTech unit designed to find emerging companies that can help the bank improve its customers’ digital and mobile experiences. On Thursday (Aug. 26), U.S. Bank said it was taking things a few steps further, becoming a limited...
British FinTech Revolut hit a $33 billion valuation following an $800 million funding round led by SoftBank and Tiger Global, Reuters reported on Thursday (July 15). The fresh infusion of capital makes the digital bank startup the U.K.’s most valuable FinTech firm, with a valuation...
Railsbank has raised $70 million as it continues to grow its Fintech-as-a-Service platform on a global scale, the open banking platform announced. This latest round of fundraising was led by Anthos Capital. Other investors included Chris Adelsbach’s Outrun Ventures, Cohen and Company, and Central Capital as well as existing investors....
Self-service employment platform Remote raised $150 million in a Series B funding round at a $1 billion valuation, per a company new release. This funding will help the startup expand its offerings as workplaces continue evolving remotely. The funding was led by Accel with participation...
Is London’s FinTech scene bigger than the Beatles? That’s an unequivocal “no,” but the playful comparison can be forgiven in light of London’s rise as an epicenter of FinTech activity. The city is awash in venture capital (VC) seeking unicorns — but not the type...
Payhippo, the artificial intelligence (AI)-driven lending platform, has raised $1 million in pre-seed funding, which it plans to use to hire more engineers and keep financing smaller businesses, a Friday (July 2) press release said. The round was led by African tech investors such as...
FinTech FairMoney has raised $42 million in a Series B funding round to expand its financial services offerings in Nigeria and India, Nairametrics reported Friday (July 2). The Nigeria-based firm provides underbanked users with bill payment solutions and collateral-free lending. The company has recently received...
Betsy Cohen, a trailblazer in the special purpose acquisition company (SPAC) investment space and the chair of SPAC investment firm FinTech Masala, told investors during a webinar that the next wave of opportunities will come from abroad, Bloomberg reported Tuesday (June 29), citing the event...
