British Patient Capital commits to adding $35m to Evolution Equity Partners’ new $250m cybersecurity...

British Patient Capital has committed to adding $35m to The Evolution Technology Fund II, which is aiming for a final $250m close to support cybersecurity and enterprise software startups.

Mambu secures $2.07bn valuation on the back of $134.43m raise

Banking platform Mambu has topped up its coffers with a $134.43m round, firmly placing it in unicorn territory.

French Libeo raises €20m funding round

Invoice management company Libeo has raised €20m in funding from partners at DST Global, Serena, LocalGlobe and Breega as well as a smattering of angel investors from FinTechs like Transferwise, iZettle, Klarna, Farfetch and Criteo.

FinTech startup Avenews-GT bags $3m to help farmers connect with financial institutions

Digital agricultural trading platform Avenews-GT closed a $3m Series seed fund from the venture arm of global holding group XT Holdings, XT Hi-Tech.

Stripe’s valuation soars to $95bn after $600m fundraise

Online payments technology provider Stripe raised a new $600m funding round that values the company at $95bn, nearly tripling from $36bn since April 2020.

Killer Mike’s digital banking platform Greenwood closes $40m Series A round

Digital banking platform aimed at Black and Latino communities, Greenwood raised $40m in a Series A funding round led by Truist Ventures.

Investment app Groww earns the unicorn horn after latest $83m fundraise

Stock investment platform Groww’s latest $83m Series D round catapulted it into the unicorn club.

Klarna rival Zilch banks $80m at a valuation of $500m to take on US...

UK-based buy now pay later startup Zilch raised $80m in a Series B funding round led by Gauss Ventures and M&F Fund and is now valued at over $500m.

Three ways FinTechs are leaning into PayTech innovation

In the wake of COVID-19, research suggests FinTech companies are experiencing a strong growth spurt giving them the opportunity to innovate like never before.

Cymulate snags $45m to fight cybercrime via its cyberattack simulations

Israeli cybersecurity company Cymulate, which combats cyber threat through simulated attacks and security tests, raised $45m in Series C funding led by One Peak Partners.

News Stories

How banks can fight back against fraud scams

The threat of fraud is rising. Covid-19 shook the world and accelerated fraudulent criminal activity around the world.

Extortion demands climb 45% in 2021 on back of ransomware spread

The average ransom demand grew to $247,000 in 2021 according to research from Group-IB.

Investing app Claritus.io launches out of beta

Personal finance app Claritus.io has launched out of its beta as it helps people easily track all of their investments from one location.

Zurich to sell Russian business following calls to cut ties

Global insurer Zurich Insurance Group has agreed to sell its business in Russia to 11 members of the unit’s team following mounting pressure on financial institutions and insurers to cut ties with the region.

How can merchant payments firms navigate the European regulatory landscape?

With a central bank digital currency (CBDC) anticipated to be launched in Europe soon, it is becoming increasingly important that merchants can prepare to accept such a currency.

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