Posts Tagged ‘startup’

Fintech Startup Cleo Raises $10M in Series A Funding

Cleo, a London, UK-based fintech startup that allows people to track spending, raised $10M in Series A funding. The round was led by Balderton Capital, with participation from Niklas Zennström, founder of Skype, Taavet Hinrikus, founder of TransferWise, and seed fund LocalGlobe. The company is using the funds to hire new people, continue to develop […]

Africa’s fintech startups are innovating out of need and global investors are backing them

A primary reason fintech startups remain prominent on investors’ radar is the sheer necessity of the work they do in plugging gaps in financial services in Africa. While in more developed economies, fintech startups focus on disrupting the already existing banking industry, in Africa, they are typically building technical infrastructure and systems from scratch. The fundamental […]

Plug and Play Singapore Announces First Batch of Startups Selected For Its Fintech and Insurtech Program

After screening over 200 applicants, the final selection of 24 startups has been accepted into Fintech and Insurtech Singapore, which aims to facilitate pilots, POCs, and business development opportunities between the financial and insurance institutions and startups participating. Throughout the duration of the 12-week program, startups will be introduced to Plug and Play’s corporate partners and […]

Sydney fintech Frollo scores $65,000 grant to take “Fitbit for finance” app to the next level, and reduce stress for Australians

Fintech startup Frollo has taken home a $65,000 grant from the MetLife Foundation, having been named best financial solution for low- to moderate-income Australians at MetLife’s Inclusion Plus competition for its gamified personal finance solution. Frollo is a personal finance app that uses gamified features to help users identify and change bad spending habits. The startup […]

Finalists announced for FINOPOLIS 2018 FinTech startup contest

The finalists have been announced for the FinTech startup contest, which will be held during the Forum of Innovative Financial Technologies FINOPOLIS 2018 in Sochi. Applications to take part in the contest were submitted by over 100 teams from more than 10 regions of Russia. The jury of experts selected ten teams to present their […]

Kissht raises $30 m in Series C funding round

Kissht, an online credit financing platform operated by Onemi Technology Solutions, has raised $30 million in Series C funding led by Vertex Ventures — the venture capital arm of Singapore state investor Temasek Holdings— as well as Sistema Asia Fund. Existing investors Fosun RZ Capital, VenturEast and Endiya Partners also took part in the round. Kissht […]

Fintech start-up TransferWise reports second year of profit, revenue almost doubles

TransferWise, one of Europe’s largest fintech start-ups, reported an annual post-tax net profit of £6.2 million ($8 million) for the fiscal year ending March 2018. Annual revenue nearly doubled to £117 million during the period, from £66 million the previous year. Operating profit came in at £9.5 million following a loss of £519,000 last year. TransferWise […]

Facet Wealth raises $33m for financial planning platform

Facet Wealth, a financial planning and advice startup targeting US consumers, has raised $33 million in a Series A funding round led by Warburg Pincus. Facet is pitching its personalised financial management service to the “mass affluent” population largely ignored by the traditional wealth management industry. Read more

Upwards Fintech raises $5 million from Chinese venture fund Shunwei, others

Fintech start-up Upwards Fintech Pvt. Ltd has raised $5 million in a Series A round from Chinese venture fund Shunwei Captial. Existing seed investors India Quotient and Mayfield also participated in the funding round. Upwards Fintech provides personal loans within 24 hours for salaried individuals without a credit history. The start-up plans to utilize the funds to strengthen […]

Jeff Bezos and Bill Gates back UK FinTech startup Wagestream

Wagestream, which seeks to put an end to the “payday poverty cycle”, raised £4.5m from investors including Bill Gates and Jeff Bezos. The startup has created a mobile app which enables employees of participating businesses to gain access to funds from their salary packages for a flat fee of £1.75. Read more