Fintech startup Muume, based in Zug, Switzerland, has raised €5.3 million in a Series B round from an unnamed Swiss venture capital firm and an anonymous Swiss entrepreneur.
Prodigy Finance, a UK fintech company that provides loans to students, has raised $240 million in debt and equity funding. The round of funding is made up of $200 million in debt led by an unnamed global investment bank and a Series C round of $40 million in equity led by Index Ventures with participation […]
Berlin-based fintech company Savedo has been acquired by Deposit Solutions, an open banking platform backed by Peter Thiel. No terms were disclosed. Deposit Solutions, based in Hamburg, develops a savings infrastructure platform for banks and ZINSPILOT, a savings product for customers. The acquisition of Savedo, a marketplace for savings deposits, will bolster the company’s B2C […]
Financial management app Cleo has raised £2 million led by Local Globe’s Robin Klein with participation from Atomico CEO Niklas Zennström and Albion founder Jason Goodman. Launched in January, Cleo uses AI to monitor your bank accounts and manage your money. According to the company, it’s currently managing £400 million in assets where it handles […]
UK fintech startup Aire has raised $5 million in a Series A round led by Sunstone Capital with participation from White Star Capital. The startup also announced partnerships with online lender Zopa and Toyota Financial Services. The new funding will fuel the startup’s expansion outside of the UK. Aire develops AI-based solutions for carrying out […]
UK-based fintech startup Receipt Bank, which creates accounting technology, has raised $50 million in a Series B financing round from the New York-based Insight Venture Partners.
Russian private equity firm Finstar has announced plans to invest $150 million in fintech startups over the next five years. Finstar will invest between $500,000 and $30 million in three to six deals a year in seed and Series A rounds, said Oleg Boyko, chairman of Finstar (pictured). The firm isn’t new to fintech investments, […]