Despite coronavirus fears, the last week saw a number of FinTech companies raise money.
Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.
Crowdfunded smartwatch-maker Pebble is being acquired by fitness tracker Fitbit for as little as $40m. In total the company raised more than $43m through crowdfunding.
Property crowdfunding platform Brickowner has exceeded its funding round target, pulling in up to £125,722.
The UK’s Financial Conduct Authority (FCA) has released the new rules for the peer-to-peer sector, in a bid to better protect investors while not hindering the ecosystem.
Malaysian InsurTech startup PolicyStreet has reported raised about $1.8m in a Series A round led by KK Fund.
London-based VC firm focusing on FinTech startups Illuminate Financial has closed a $100m round with backing from JP Morgan Chase and Barclays.
Tikehau Capital has acquired small business crowdlending platform Credit.fr, in a deal worth €12m.
Canada-based crowdfunding platform FrontFundr has hit its own crowdsale target of $500,000, within three days.
In the third quarter of 2019, crowdfunding platform Crowdcube’s revenues rose to £2.2m despite the UK's upcoming divorce from the EU.