18 FinTech funding rounds you missed last week

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

Neobanks and InsurTech startups among the 23 FinTechs raising money last week

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

Crowdfunded Pebble will sell to Fitbit for just $40m

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.

Brickowner exceeds its funding round raising up to £125k

Property crowdfunding platform Brickowner has exceeded its funding round target, pulling in up to £125,722.

UK’s FCA releases rule changes to P2P platforms

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.

PolicyStreet bagged $1.8m in new Series A round

Malaysian InsurTech startup PolicyStreet has reported raised about $1.8m in a Series A round led by KK Fund.

JP Morgan and Barclays back Illuminate Financial in $100m round

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 acquires crowdlending platform Credit.fr

Tikehau Capital has acquired small business crowdlending platform Credit.fr, in a deal worth €12m.

FrontFundr passes $500k crowdfunding target in three days

Canada-based crowdfunding platform FrontFundr has hit its own crowdsale target of $500,000, within three days.

Despite Brexit: Crowdcube’s growth has risen for the seventh consecutive quarter

In the third quarter of 2019, crowdfunding platform Crowdcube’s revenues rose to £2.2m despite the UK's upcoming divorce from the EU.

News Stories

N26 enters the insurance space with launch of new product

German challenger bank N26 has entered the insurance space, with customers now able to buy cover, manage plans and initiate claims.

Lloyd’s Lab names the 11 InsurTechs in its latest accelerator cohort

Lloyd’s Lab has announced the 11 companies it has selected for its sixth accelerator programme.

Danish FinTech Cardlay lands €8m from former Mastercard president

Copenhagen-based FinTech Cardlay has secured €8m in capital from Global PayTech Ventures, venture fund managed by former Mastercard executive Javier Perez.

Dating app Manhunt hacked with thousands of accounts leaked

Gay dating site Manhunt revealed a major data breach where a hacker gained access to the account information of the website’s nearly six million users in February 2021, according to a notice filed with the Washington attorney general’s office.

Facial recognition for securing payments to exceed 1.4bn users by 2025, study finds

A study from Juniper Research has discovered the number of users of software-based facial recognition to secure payments will exceed 1.4bn people globally by 2025.
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