Koyo has closed a Series A funding round of $50m in debt and equity led by Force Over Mass with participation from existing investors Forward Partners, Frontline Ventures and Seedcamp.
Latvia-based FinTech startup Jeff, which currently only has operations in Vietnam, has raised $1.5m in a seed round extension led by J12 Ventures.
Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.
InsurTech company Quotall has exceeded the target of its crowdfunding campaign, pulling in £356,581, at the time of writing.
Tembo Money, a London-based FinTech, closed £ 2.5m in funding led by Aviva after its official launch in June 2021.
Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.
US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.
Finance company Capital India has invested $25m via equity and debt in education loans platform Credenc.
Financial advice firm Nude has unveiled a new feature aimed at providing people with the tools to collaborate on building a deposit for purchasing a home.
Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.