Digital wealth management solution Quantifeed scores Series C

Quantifeed, which claims to be Asia’s leading digital wealth management solution developer for financial institutions, has closed its Series C round on an undisclosed amount.

Thought Machine doubles valuation to $2.7bn

Cloud-native banking technology developer Thought Machine has reached a $2.7bn valuation after the close of its Series D on $160m.

Unit becomes first banking-as-a-service provider to reach unicorn status

Unit hits $1.2bn valuation, which it claims makes it the first banking-as-a-service platform to reach unicorn status.

Experian to acquire Brazilian FinTech MOVA

Experian, the global consumer credit reporting company, has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A, a Brazilian FinTech.

Swedish expenses tool Findity scores $4.9m

Swedish expense management company Findity has raised SEK 50m ($4.9m) as it bolsters its international expansion efforts.

TIFIN scores $109m in its Series D

TIFIN, which leverages AI to offer personalised investor experiences, has closed its Series D on $109m.

Irish FinTech company Stanhope raises $10m

Irish FinTech company Stanhope Financial Group has received an excess of $10m for its Series A funding round.

Yapily to acquire finAPI for open banking ambitions

Yapily, an open banking payment platform, has signed an agreement with SCHUFA to acquire finAPI, a provider of open banking solutions in Germany.

Apple commits capital to empower underserved communities

Apple has committed $25m via the CNote platform, an Oakland-based FinTech, to support underserved communities across the country.

Financial inclusivity advocate Line nets $25m

Line, a company building a modern inclusive financial network, has raised $25m in Equity and Debt, in a funding round led by Massive.

News Stories

Wombat, Currencycloud team to unveil instant investment account

Wombat Invest, a micro-investment platform, has partnered with Currencycloud to launch its new instant investment solution to aid instant investors in the UK and US markets.

Majority of financial services companies plan to hire ESG specialist

A recent study has found 77% of respondents plan to hire an ESG specialist as they prepare for the UK’s new rules on sustainable investments to come into effect.

FCA to bolster consumer protection with new regulatory permission rule

The Financial Conduct Authority (FCA) is set to use new powers to be able to swiftly cancel or change what regulated activities companies are permitted to do.

Hong Kong-based ESG data startup Allinfra scores $6m

Hong Kong-based Allinfra, which is helping institutions meets sustainability goals, has scored $6m in funding.

Clear Street hits $1.7bn valuation after first VC funding round

Clear Street, which claims to be building better access to capital markets, has scored a $165m Series B to accelerate the launch of its platform.

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