Ant Financial buys US remittance firm MoneyGram for $880m

Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.

Raisin picks up €30m for deposits marketplace

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.

Alpaca grabs $1.7m for AI-driven trading tech

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.

Group payments app Tilt in buyout talks with Airbnb

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.

Cuvva parks £1.5m for pay-as-you-drive insurance

Pay-as-you-drive car insurance startup Cuvva has raised £1.5m in a new round of funding led by LocalGlobe.

Ford ploughs into FinTech with AutoFi investment

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.

Spendesk snaps up €2m to manage company expenses

Paris-based expenses and payments management company Spendesk has raised €2m in a seed round. The funding comes from Kima Ventures and FundersClub.

Dwolla swipes $6.85m for bank transfers API

Bank transfers software platform Dwolla has raised $6.85m in a new funding to coincide with the relaunch of its white-label API.

Digital mortgage platform habito snags £5.5m

UK-based digital mortgages startups habito has picked up £5.5m in a Series A round led by Silicon Valley-based VC Ribbit Capital.

BorrowersFirst secures another $100m to power loan growth

Texas-based online lender BorrowersFirst has secured $100m in debt financing to accelerate loan originations and grow its balance sheet.

News Stories

Five things financial institutions must know before using AI and machine learning to comply...

Machine learning and artificial intelligence is often hailed as the next big thing in RegTech, but what can you do to avoid them becoming empty buzz words.

Trax Print uses its technology to help fight Covid-19

Document protection and anti-fraud company Trax Print has formed a partnership with Zoono to build a dynamic sanitisation certificate.

Laika closes its equity financing round on $10m

Information security and compliance-as-a-service platform Laika has closed an equity financing round on $10m.

Tech Nation names the 31 UK FinTechs in its new accelerator

Tech Nation has named the 31 UK-based FinTech startups it has welcomed into it latest accelerator programme.

illimity Bank buys 50% of Fabrick’s stake in HYPE Money

illimity Bank and Fabrick have entered an agreement to the shared ownership open banking platform HYPE Money.

Watch the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

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