Monzo, the U.K. digital bank, is on track to become the next European FinTech startup to reach unicorn status. According to a report in the Financial Times, with a new round of funding Monzo is expected to have a valuation of up to $1.5 billion,...
Two small business FinTech startups announced Tuesday (July 31) that they have secured big venture capital funding rounds this week. U.S. payroll startup Gusto announced $140 million in Series C funding provided by late-stage investors. Portfolios managed by MSC Capital, Dragoneer Investment Group, Y Combinator...
Klarna — the Swedish FinTech that gives consumers 30 days to pay for their purchases, letting them return them before actually shelling out the money — is in expansion mode and is gearing up to launch its first banking product. In an interview with the Financial...
N26, the FinTech bank startup, is upgrading its N26 Metal card, with a launch happening Wednesday (June 13). According to a report in TechCrunch, the card was first announced at TechCrunch Disrupt Berlin in December of 2017 and was available for early access by N26 Black customers. But...
There are big fundraising rounds, massive fundraising rounds and incredible fundraising rounds. And then there’s raising so much money in a single shot that — overnight — a firm is worth money than Goldman Sachs. There’s no specific adjective for that type of fundraising round...
Global venture capital firm White Star Capital has pulled in a second fund of $180 million. According to TechCrunch, the company plans to use the money to invest in “transatlantic” companies that need assistance in going international. White Star already has a presence in London,...
Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. Bloomberg, citing four people with direct knowledge of the matter, reported that Morgan Stanley purchased $14 million in...
Baidu’s new firm has received $1.9 billion in funding that will enable it to better compete in China’s growing FinTech space. According to The Wall Street Journal, investors included U.S. private equity giants TPG and the Carlyle Group. Baidu said that the financing will be...
Goldman Sachs Bank USA announced Sunday (April 15) that it has acquired Clarity Money, the personal finance app, for an undisclosed sum. In a press release, Goldman Sachs said it will be integrated into Marcus, its online lending service. According to Goldman Sachs, Clarity was attractive...
