Multinational investment bank UBS has launched the UBS Next platform in order to help invest in FinTechs and the “broader tech ecosystem,” according to a press release. With UBS Next, a $200 million portfolio, the company wants to look at internal initiatives and existing strategic...
The year 2020 was going to be a wild ride for London’s financial services firms even without COVID-19. After all, Brexit was set to move from a theoretical change to a concrete reality, changing the rules for financial services players all over the country as...
The biggest FinTech companies have been rising in valuation faster than the largest banks, seeing a total of more than $1 trillion now, according to CNBC. Between Square, Visa, PayPal and Mastercard, the valuation is currently sitting at $1.07 trillion, against the “big six” banks...
A panel established to grow the United Kingdom’s financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). “The U.K. is one of the leading places in the world to start and grow a...
Tencent Holdings Limited has become a “substantial shareholder” of Afterpay, according to an announcement from the company. The Chinese technology firm purchased a 5 percent stake in the buy now, pay later (BNPL) company valued at approximately A$390 million per a published report. Afterpay’s co-founders,...
LendingTree has announced a strategic investment of $80 million in banking and investment service Stash, part of the latter’s Series F funding round. Other backers of Stash include T. Rowe Price Associates, Inc. as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and...
Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in...
Sweden’s open banking platform Tink raised €90 million in an investment round co-led by Dawn Capital, HMI Capital and Insight Partners, Tink announced on Monday (Jan. 20). The startup’s platform links over 2,500 banks and 250 million users across Europe. The new funding is being...
The early-stage venture capital (VC) startup Antler has raised $50 million from new investors that include Facebook Co-founder Eduardo Saverin, according to reports on Monday (Jan. 6). Other new investors included Elaine Saverin; Norwegian investment firms Kistefos and Canica International; philanthropist Christen Sveeas (via Kistefos);...
