Spend management software company Ivalua raises $70 million from KKR

French spend and procurement management software company Ivalua has raised $70 million from private equity firm KKR. Ivalua’s cloud-based software, like its Source-to-Pay (S2P) platform, is used by companies to manage spending and procurement in one platform. Its customer base includes large clients such as Honeywell, the City of New York, and Deutsche Telekom. “The […]

UK-based Pockit, a mobile banking app, brings in £2.9 million

The London-based mobile banking app Pockit aims to bring banking services to people who might have difficulties opening traditional bank accounts, or may not see the point of doing so. According to TechCrunch, the mobile bank has just brought in £2.9 million, coming in before a Series B round the company has scheduled for the end of 2017. Participants in the current round include individual investors Kevin Reynolds (partner at Bridgepoint Capital), Colin Harris (founder of Fresh Direct), and Stuart Middleton. The company has previously raised £10 million from various investors.

Token raises $15.7 million to help banks comply with EU policies

Fintech startup Token has announced a Series A round of $15.7 million for its banking platform that helps financial services stay in line with EU regulations. The funding round comes from Stockholm’s EQT Ventures, London’s Octopus Ventures, and Helsinki’s OP Financial Group. Token is headquartered in San Francisco, with a London office, and was founded […]

Belgium’s Qover raises €5.5 million in Series A funding

Belgian financial technology startup Qover has raised €5.5 million in a Series A round led by Anthemis. Qover is a startup in the growing “insurtech” space. It provides digital insurance APIs to help build digital insurance products. With its new funding, the company is expanding its first product, GAP motor coverage, beyond Belgium and will […]

Banking tech platform Meniga secures €7.5 million in new funding

Digital banking technology startup Meniga has announced a funding round of €7.5 million from Industrifonden. Velocity Capital, Frumtak Ventures, and Kjolfesta also participated. Meniga provides a platform for banks to use and make sense of the personal finance data they collect from customers. The new funds will be invested into research and development and expanding […]

BNP Paribas acquires majority stake in France’s Compte-Nickel

BNP Paribas has purchased a majority stake in French fintech startup Compte-Nickel. The bank has acquired 95% of the startup’s shares. The company was founded in 2010 by Financière des Paiements Électroniques (FPE) and provides alternative electronic banking services. No terms were officially disclosed but Le Monde is reporting the deal is worth €200 million. […]