Monva gears up for investment round by doubling fundraising target

UK-based FinTech Monva has secured £451,905 in fundraising on crowdfunder Crowdcube – more than double its original target.

Vybe bags $2.9m to launch teen challenger bank

French FinTech startup Vybe has raised $2.9m from a funding round to build a challenger bank service for teenagers.

Metro Bank introduces new invoicing features to its mobile app

Metro Bank has launched a new invoicing technology aimed at reducing bottlenecks on its mobile application.

Neobank Alpian reels in $18m to develop its personlised digital banking services

Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.

Plaid inks $425m Series D, gains decacorn status

Open banking platform Plaid hauled in a massive $425m Series D funding round led by Altimeter Capital with participation from new investors Silver Lake and Ribbit Capital, pushing the firm’s valuation to $13.4bn.

BrightPlan scores $9.5m in its Series A to continue nearly fivefold revenue growth

Financial wellness platform BrightPlan has closed its Series A round on $9.5m, as it looks to continue its growth momentum that helped it boost its annual recurring revenue nearly fivefold in 2020.

Why digitalisation is key for success in wealth management

As new technologies and digitalisation continue to change the way wealth managers operate, it’s more essential now than ever to understand the changing needs and requirements of clients and capitalise on client-centricity and digitally-enabled interaction channels.

Osu collects £2.25m in its seed round

Osu, a payment app for self-employed, has reportedly collected £2.25m in its seed funding round.

Killer Mike’s digital banking platform Greenwood closes $40m Series A round

Digital banking platform aimed at Black and Latino communities, Greenwood raised $40m in a Series A funding round led by Truist Ventures.

Chime in talks for IPO giving it a valuation of $30bn

Financial services firm Chime is in early talks with investment banks on a new stock market flotation which could potentially value the startup at $30bn, Reuters reported.

News Stories

How Ideagen’s three pillars have helped it become a major force in compliance

People, product and customers are Ideagen’s three pillars that have helped it become a tour de force in the compliance space, with it spanning 18 countries and 6,000 clients.

OpenEnvoy snags $6.5m to help companies avoid fraud

SaaS FinTech eliminating AP fraud with automation OpenEnvoy secured $6.5m led by Riot Ventures to expand its automated invoice auditing capabilities.

Ikano taps TruNarrative to support global fraud prevention strategy

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.

SmartStream expands global reach with cloud-native AI service launch

Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.

SumUp collaborates with ZSL on new contactless fundraising tech

UK-headquartered FinTech SumUp has partnered with the Zoological Society of London (ZSL) to develop a digital in-house fundraising technology to make contactless donations.
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