Former Paytm Money CEO launches new FinTech venture, Raise Financial

Former Paytm Money managing director and CEO Pravin Jadhav's new FinTech startup Raise Financial has secured seed funding in a round led by Mirae Asset.

Backbase teams up with Zafin

Banking platform provider Backbase has inked a deal to incorporate Zafin’s relationship-based product and pricing capabilities into its Engagement Banking platform.

Razorpay seeks to double its valuation to $2bn via plans to secure up to...

FinTech startup Razorpay is reportedly in talks with existing investor Singapore investment fund GIC to raise circa $150m to $200m in a new financing round.

OakNorth Bank provides £4.4m coronavirus loan to Beulah Vista Caring Home

Challenger bank OakNorth Bank has completed a £4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.

Tarabut Gateway claims to have raised the largest seed round in the MENA

Open banking platform Tarabut Gateway has bagged $13m in its seed round, which was led by Target Global.

TreeCard secures $5.12m seed round

TreeCard has raised $5.12m to continue the development of its wooden Mastercard payment card and its tree-planting scheme.

Challenger bank Penta closes Series B round with €7.5m totalling funding amount to €30m

German challenger bank Penta has topped up its Series B adding an additional €7.5m injection, therefore bringing its total amount raised to €30m.

FinTech startup Avenews-GT bags $3m to help farmers connect with financial institutions

Digital agricultural trading platform Avenews-GT closed a $3m Series seed fund from the venture arm of global holding group XT Holdings, XT Hi-Tech.

FinMkt partners with Persistent to provide banks with digital lending solutions

Point of sale (POS) financing SaaS provider FinMkt has teamed up with global solutions company Persistent.

MyShubhLife reportedly raises $4m in funding

MyShubhLife, a mobile app that allows consumers to manage a range of their financial needs, has reportedly raised $4m in fresh funding.

News Stories

Cybersecurity company Armorblox closes $30m Series B

Cybersecurity company Armorblox has closed its Series B round on $30m, as it looks to grow the size of its team.

Goal-based investing is a trend for wealth management companies to look out for

Consumer expectations are changing and they want to get a better control of their finances and their futures.

JPMorgan pledges $350m to support minority owned companies with financial needs

JPMorgan Chase has committed $350m over the next five years to help close the racial wealth divide prevalent in Black, Latinx and women-owned small businesses.

Crypto firm Anchorage raises $80m to increase institutional adoption of digital assets

After getting federal banking charter last month, cryptocurrency banking company Anchorage raised $80m in a Series C funding round.

Relay teams up with Insurercore

PropTech Relay has inked a new partnership with UK-based insurance networking platform Insurercore, aimed at providing a comprehensive solution to insurance and wholesale brokers looking for capacity.

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