We cover everything important across Fintech. Whether you're interested in the newest Fundraise, latest Trends, most innovative Companies, or the People that drive our industry, we make sure you stay up to date on it all.
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Funding Societies | Modalku Group, a Singapore-based SME lending platform, has raised $25 million in equity funding from Cool Japan Fund クールジャパン機構. This brings its total equity raised to $250 million, with past backers including Khazanah Nasional Berhad, Maybank, and SoftBank Vision Fund 2, among others. Founders Kelvin Teo, CPA ☀️ and Reynold Wijaya continue to drive impactful innovation for SMEs in Southeast Asia. Kate Park | TechCrunch https://lnkd.in/eq-K_uW7 #Fintech #FintechNews
Tyme has become a unicorn with a US$250M Series D funding round led by Nubank, valuing the digital bank group at $1.5 billion. Nubank invested $150M, with M&G’s Catalyst and existing shareholders contributing the remainder. This funding will drive Tyme's expansion into markets like Vietnam and Indonesia. Coenraad (Coen) Jonker, CEO of Tyme Group, and David Vélez, CEO of Nubank, provided insights into this landmark achievement. Fintech News Singapore - part of Fintech News Network https://lnkd.in/g_6-yxFQ #Fintech #FintechNews
Jiko has secured $29 million in Series C funding led by Upfront Ventures, with participation from Airbus Ventures, Red River West, Radicle Impact Partners, and other investors. This latest funding will support Jiko's innovative T-bill platform, which provides corporate treasurers with seamless, secure, and programmatic access to treasury bills. The advisory committee now includes industry heavyweights like Jean-Luc Robert, Lawrence Summers, and Sheila Bair, underscoring Jiko's prominence in treasury management innovation. Business Wire https://lnkd.in/gwqEfi75 #Fintech #FintechNews
Atlas Card has successfully raised $27 million in a Series B financing round led by Marathon, with participation from notable angel investors like Eric Schmidt and Olaf Carlson-Wee. The company, which offers members a premium concierge service and charge card, continues its rapid growth, surpassing $200 million in annualized spend volume. The round reflects confidence in the leadership of founder and CEO Patrick Mrozowski and the company's innovative business model. https://lnkd.in/gSpp7WBE #Fintech #FintechNews
Walmart-backed fintech startup One has secured over $300 million in funding at a $2.5 billion valuation. Ribbit Capital also participated in leading this round, signaling continued investor confidence in the fintech space. Bloomberg https://lnkd.in/gj2Ndfqe #Fintech #FintechNews
In a recent Generative AI meetup hosted by Lightspeed, Drew T. of PayPal and Cosmin Nicolaescu, former CTO of Brex, discussed how AI is poised to transform fintech. The conversation explored opportunities for both startups and incumbents, the changing hiring landscape, and the untapped potential of AI across HR and operational workflows. Lightspeed https://lnkd.in/eD3CE8XA #Fintech #FintechNews
FINNY (YC S24), a fintech platform leveraging generative AI for financial advisors, has raised $4.3M in Seed funding. The round was led by Maple VC, with participation from HNVR, Crossbeam Venture Partners, Liquid 2 Ventures, Y Combinator, and others. Led by CEO Eden Ovadia, Finny aims to optimize prospect identification, prioritization, and engagement for financial advisors. https://lnkd.in/eD_qgn8D #Fintech #FintechNews
Neobank Current has raised $30 million in equity funding from a16z, Wellington Management, and Avenir, alongside securing $175 million in debt. This marks Current's first funding round since 2021, when it was valued at $2.2 billion. Lucinda Shen | Axios https://lnkd.in/eC-h_iT4 #Fintech #FintechNews
Ayan Capital, an Islamic fintech startup, has secured £2.6 million in equity funding, with the round led by Cur8 Capital. The funding will help the London-based firm expand its halal car finance offerings as well as other Islamic finance products in the UK, including a recently launched AyanPay service and plans to grow into a digital Islamic neo-bank. Uzair Ali of Cur8 Capital expressed excitement for Ayan’s scalability and the team’s proven expertise. Finextra https://lnkd.in/e5sdxbAr #Fintech #FintechNews