Lightyear scores $8.5m seed funding as it begins investment app roll-out

UK commission-free stock trading app Lightyear has pulled in $8.5m from a seed funding round led by Mosaic Ventures.

Xendit enters unicorn club following Tiger Global-led Series C

Indonesia payments firm Xendit has reeled in $150m from a Series C funding round and has pushed its valuation over the $1bn mark.

Investing app Peaks collects €5m in funding as it bolsters position in market

Digital investing platform Peaks has reportedly raised €5m in a funding round, which will bolster its presence in the Netherlands and Germany.

Almost half of UK consumers would use open banking for quicker loans, better rates

Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.

China unveils wealth management scheme to strengthen Hong Kong, Macau ties

China has introduced Wealth Management Connect, a scheme that is looking to better connect its southern Guangdong province with neighbours Hong Kong and Macau.

pingNpay eyes 2022 launch for global retail micropayments network

pingNpay, a global micropayment network supported by blockchain technology, has revealed it intends to make its network operational by 2022.

Digital bank Varo Bank closes $510m funding to continue strong growth

Varo Bank, which claims to be the first all-digital nationally chartered bank in the US, has raised $510m in an oversubscribed funding round.

Digital wallets to drive £11bn in online spending by 2026

A recent report by payment service provider Emerchantpay has discovered digital wallets will account for £11bn in online consumer spending by 2026.

Egypt-based MNT-Halan collects $120m to drive international growth

MNT-Halan, a banking platform based in Egypt, has collected $120m in a funding round to help its international growth.

PayTech Sokin joins Arsenal Football Club as money transfer partner

UK-based global payments provider Sokin has teamed with Arsenal FC to become its new official money transfer partner.

News Stories

FinTech-focused venture firm QED Investors closes fund on $1.05bn

Global FinTech-focused venture capital firm QED Investors has closed its seventh fund on $1.05bn, as it eyes opportunities in US, UK, Latin America and Southeast Asia.

Grow Credit secures $106.3m in seed round made of debt and equity

Grow Credit, which hopes to bolster financial inclusion, has netted $106.3m in its seed round, which comprised of debt and equity.

Kolide raises $17m in round led by OpenView Partners

Endpoint security platform Kolide has picked up $17m in its Series B funding round, which was led by Boston-based venture firm OpenView Partners.

Form3 raises $160m in its Series C round

Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.

Foxquilt bags funding to bolster growth in US and Canada

North American InsurTech company Foxquilt has bagged $8m in a funding round that will support its expansion across the US and Canada.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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