Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Berlin-based banking deposit marketplace Raisin has closed €30m in a Series C funding round led by US VC Thrive Capital. Ribbit Capital and Index Ventures also participated.
FinTech AI startup Alpaca has raised $1.7m in a new venture funding round. The investment comes from D4V, Monex Ventures and MUCAP of Mitsubishi UFJ Financial Group.
Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.
Pay-as-you-drive car insurance startup Cuvva has raised £1.5m in a new round of funding led by LocalGlobe.
Auto giant Ford is making an investment in the FinTech space and backing auto financing startup AutoFi. The size of the investment in the San Francisco startup is undisclosed.
Paris-based expenses and payments management company Spendesk has raised €2m in a seed round. The funding comes from Kima Ventures and FundersClub.
Bank transfers software platform Dwolla has raised $6.85m in a new funding to coincide with the relaunch of its white-label API.
UK-based digital mortgages startups habito has picked up £5.5m in a Series A round led by Silicon Valley-based VC Ribbit Capital.
Texas-based online lender BorrowersFirst has secured $100m in debt financing to accelerate loan originations and grow its balance sheet.