Deposit Solutions becomes Germany’s second most valuable FinTech unicorn after achieving a $1.1bn valuation
Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.
Swan said to close €5m seed funding round
France-based Swan, a banking-as-a-service provider, has reportedly raised €5m in its seed funding round.
Mastercard to acquire open banking FinTech Finicity in $825m deal
North American FinTech Finicity is being sold to Mastercard in a $825m deal, with the payments giant planning to leverage the acquisition to further its push into open banking.
Accrualify scores $600,000 in debut funding round
B2B payments management startup Accrualify has picked up $600,000 in its debut funding round.
Elisity seeks to scale cybersecurity platform with $26m Series A raise
US cybersecurity platform Elisity has snared $26m from a Series A funding round to meet growing demand of its cloud-delivered cybersecurity platform.
KB Bank taps cybersecurity firm Trustonic to boost its app’s authentication process
Mobile cybersecurity company Trustonic has been implemented by KB Kookmin Bank (KB Bank) to enable a simpler authentication experience for users of the banks smartphone app.
Qandle said to close $1.2m pre-Series A round
HR management company Qandle has reportedly closed a $1.2m pre-Series A funding round led by Redwood Internet Ventures.
Rogue mobile banking app presence records 140% year-on-year hike
A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.
How cybersecurity startups and neobanks scooped the most funds among last week’s 42 investment...
While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.
Global industrial cybersecurity market expected to be worth $22.bn by 2026
The global industrial cybersecurity Market size is expected to reach $22.8bn by 2026, according to new research.
