Move over Klarna, Checkout.com just became Europe’s most valuable FinTech

Payments solutions provider Checkout.com has closed a $450m Series C funding round at a $15bn valuation, making it Europe's most valuable venture-backed FinTech.

Openpay has officially launched in the US

Klarna and Afterpay just got more competition in the US as Australian buy now, pay later provider Openpay has just kicked off its operations in the country.

Mastercard and Visa pull out of Pornhub after abuse allegations

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

What do these 28 FinTech rounds from last week reveal about the industry

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

Fisdom has closed a $7m funding round led by PayU

WealthTech startup Fisdom has bagged $7m in an investment round led by payment technology firm PayU.

PhonePe partially spins out of Flipkart and raises $700m

PhonePe is partially spinning out from Flipkart and has raised $700m in a round led by Walmart and supported by prior investors.

Digital payments are becoming more popular ECB research shows

Cash may still be king, but new research from the European Central Bank shows digital payments are becoming more popular.

Chipper Cash picks up $30m in raise backed by Jeff Bezos

Just a few months after its latest raise, Chipper Cash has now added another $30m to its coffers in a raise backed by Jeff Bezos' private VC fund Bezos Expeditions.

Neobanks and InsurTech startups among the 23 FinTechs raising money last week

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

DoJ files suit to block Visa’s acquisition of Plaid

Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, but the US Department of Justice seems dead set against it and has filed a suit to stop the deal.

News Stories

What wealth managers should look for when digitising client relationship management

Digitalisation of client relationship management is now a critical part of wealth management and firms need to automate admin tasks to foster engagement, according to WealthObjects CEO and founder Uday Bhaskar Nimmakayala.

Payments platform PPRO reaches unicorn status after funding round

Local payments platform-as-a-service PPRO has hit the unicorn status, after a $180m funding round puts its valuation to more than $1bn.

Australian FinTech funding set a new record despite deal activity plummeting amid extended lockdowns

Australian FinTech achieved another record year, but medium-sized businesses found it harder to attract investors as Covid-19 swept across the nation.

Accounting platform Trovata collects $20m in its Series A funding round

Open banking platform Trovata has reportedly collected $20m in its Series A funding round, which was led by Wells Fargo Strategic Capital.

Don’t forget to update your permissions warns the FCA

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.
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