The UK’s Cuvva, a “pay as you drive” car insurance service, is launching today with £1.5 million in funding led by LocalGlobe. Cuvva’s model of insurance, it said, is for drivers that own a car but don’t drive it regularly. There are around six million such cars in the UK, according to the Department for […]
Paris-based fintech startup Spendesk has raised €2 million in a seed round from Kima Ventures, FundersClub, and several angel investors including Edward Lando, Nicolas Steegmann, and Frédéric Montagnon. During March and June of last year, Spendesk was in beta with a number of customers such as Birchbox, AB Tasty, La Belle Assiette and Tinyclues. The […]
Latvia’s TWINO, a peer-to-peer lending platform, has announced that it has funded €100 million P2P loans in nine countries to date. The P2P lending marketplace has facilitated 6,300 active investors at a return rate of 12.31%. Germany, UK, Latvia, and Eastern Europe were the most active regions with UK investors funding the highest value of […]
Turkish fintech startup iyzico has raised $13 million in a Series C round, led by Vostok Emerging Finance, to boost its push into Europe and the Middle East. World Bank’s International Finance Corporation (IFC), and Turkish fund 212, also participated in the round. “Turkey offers a very rich opportunity set in the payments space, while […]
German-Israeli company Fraugster, which uses AI to eliminate payment fraud in online transactions, has raised €4.7 million in funding. The funding came from new investor Earlybird, alongside existing investors Speedinvest, Seedcamp and a large Swiss family office.
Lending platform Funding Circle has raised $100 million (£82 million) in a fresh funding round led by Accel along with several other investors. Investors in the round include Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek, and Union Square Ventures – all previous investors. Funding Circle, based in London, […]
London-based fintech startup CompareEuropeGroup, has closed a €20 million Series A funding round. The investors include private equity platform ACE & Company, Pacific Century Group, Nova Founders Capital, SBI Holdings, Mark Pincus, Peter Thiel, and others.