Personal Capital nabs $40m Series E extension

Wealth management provider Personal Capital has secured $40m in a growth investment, which is an extension of last years $75m Series E.

Lumin Digital collects $35m funding to boost platform capabilities

Lumin Digital has collected $35m in a new funding round, bringing the total investment to $70m within just 18 months since its formation.

N26 now boasts having 250,000 US customers

The German challenger bank N26 launched in the US in August, but already has 250,000 customers in the country.

Personal finance app Cleo collects $10m in Series A

AI-powered personal finance chatbot Cleo has reportedly collected $10m in its Series A round.

Personal finance app Tally collects $50m in Series C

Personal finance platform Tally has collected $50m in a Series C round, bringing its total equity raised to $92m.

Backbase opens the doors to new Asia Pacific headquarters in Singapore

Amsterdam-based Backbase is going global. Having already opened a new office in Dubai in October, the banking software provider is strengthening its grip of the Asia Pacific (APAC) market.

Revolut hijacked a Monzo Twitter thread and things got weird really fast

When Monzo asked its Twitter followers what feature they would like to add, Revolut replied, “Auto-switch to Revolut button.” Then all hell broke loose.

Fourex eyes £900,000 in new crowdfund

Fourex, a self-service kiosk for exchanging money into 150 different currencies, is looking to raised £900,000 in a crowdfunding campaign on Crowdcube.

Kamakura’s new suite helps Bank Islam Malaysia Berhad’s digitalisation process remain compliant

Bank Islam Malaysia Berhad’s taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.

Paytronix Systems bags first institutional capital with $65m investment

Customer experience management company Paytronix Systems has netted $65m in an equity investment from private equity firm Great Hill Partners.

News Stories

No, the ECB won’t change its monetary policies because of the coronavirus

A top European Central Bank (ECB) executive has shot down the idea that there is a need to take monetary policy actions because of the coronavirus.

Barclays executives cleared of fraud charges

Three former Barclays executives accused of misconduct during the 2008 financial crises have been acquitted of funnelling £322m in secret fees to Qatar in return for rescue financing during the credit crisis.

The European Central Bank seeks advice on new payments statistics regulation

The European Central Bank (ECB) has issued a public consultation regarding its new regulation on payments statistics.

The number of FinTech deals under $1m in Sweden has more than halved since...

The Swedish FinTech market has shown signs of maturity between 2015 and 2019, most noticeably in the decreased frequency of deals valued under $1m...

Pakistan hopes to soon be out of FATF’s grey list

Pakistan is hoping to be removed from the Financial Action Task Force’s (FATF) grey list soon after it improved its foreign and internal policies.