WorkGenius pulls in $7m as it positions itself to reach profitability

WorkGenius, an AI powered platform helping companies to manage and pay freelancers, has scored $7m in a round which will take the startup to profitability in 2021, it claims.

Salesforce-powered company Accounting Seed opens new UK office to support EMEA expansion

Accounting Seed is opening a new office in Reading as a first step in its planned expansion across Europe, the Middle East and Africa.

AvidXchange collects $260m round as it looks to strengthen its unicorn status

Accounts payable and payment automation company AvidXchange has collected $260m in a funding round.

Practifi collects AUS $24m in Series B as it looks to grow international presence

Business management platform Practifi has scored AUS $24m ($16m) in its Series B round which was led by Updata Partners.

HighRadius becomes the first new FinTech unicorn of the decade

HighRadius, an AI-powered treasury management and order-to-cash software developer, has become the first unicorn of the new year after it closed a $125m Series B round.

TaxBit raises funds as it explores international expansion

Cryptocurrency tax automation software user TaxBit has collected $5m in its seed funding round.

Tax platform Quicko said to raise $277k to support enhancement of services

Digital tax platform Quicko has reportedly raised INR 2 Cr ($277,000) in seed funding from Rainmatter Capital.

Receipt Bank pulls in Series C as it seek continued international expansion

Bookkeeping platform Receipt Bank has raised $73m in a mixture of equity and debt through its Series C round.

Bookkeeping platform CollBox collects seed funding

CollBox, a bookkeeping platform aiding businesses collecting past due invoices, has scored $1m in seed funding.

BillingPlatform collects $10m from Columbia Capital

BillingPlatform, a cloud-based billing software company, has bagged $10m in Series B funding from Columbia Capital.

News Stories

How the coronavirus has affected the RegTech industry

The coronavirus has forced the global economy to grind into a halt. While the RegTech industry is not left unscathed, there are opportunities for those that look.

Neobank HM Bradley has officially launched

The US-based digital bank HMBradley has officially launched its services for the thousands of would-be users on its waitlist.

The FCA reminds banks that not all their employees need to be at the...

The Financial Conduct Authority (FCA) has told banks, building societies and credit unions that they need to carefully consider which of their workers should be able to work remotely in order to deal with COVID-19 appropriately.

Monzo’s founder won’t take out any salary for 12 months to help the company...

UK challenger bank Monzo has taken additional steps to protect the business against the pandemic-induced financial downturn. And it's not alone.

FinTechs could see rise in customers following the coronavirus pandemic

While FinTechs might be fearing the impact of the coronavirus on their business, it might actually be a beneficial thing for them, a study from financial advisory firm deVere Group claims.