Lending platform Blackmoon raises $2.5 million in new funding

Russian lending platform Blackmoon has raised $2.5 million in funding from Target Global, A&NN Group, Flint Capital, and a number of unnamed private investors. Blackmoon’s platform allows institutional investors to invest directly in loads issues by balance-sheet lenders. It currently works with lenders in the US, Russia, Finland and several other countries around Europe. The […]

CurrencyFair raises another €8 million, appoints new CEO

Ireland’s CurrencyFair, a peer-to-peer currency exchange, has raised €8 million in new funding and appointed Paul Byrne as its new CEO. The announcement was made today at the Web Summit in Lisbon. The funding round was led by previous investors Octopus Ventures and Frontline Ventures. New CEO Paul Byrne was previously the founder of software […]

Multi-user account manager Soldo launches after seven-figure funding

Soldo, an app for family and multi-user spending accounts, has launched formally today in the UK and Italy after recently raising an undisclosed seven-figure seed round. The London-based fintech startup provides customers with a service for managing multiple users spending account. Account holders delegate a wallet and debit card (issued through a partnership with MasterCard) […]

Fintech startup AREX secures €3 million in funding from Lifeline and LocalGlobe

Fintech startup AREX has raised €3 million in new funding from Lifeline Ventures, LocalGlobe, and a number of angel investors to provide a platform short term financing for SMBs. AREX, derived from “account receivables exchange”, offers a platform for small businesses to sell their unpaid invoices to generate cash flow. According to the startup, cash […]

Berlin fintech startup Spotcap launches in UK

Spotcap, a Rocket Internet fintech startup, is launching in the UK after it raised €31.5 million earlier this year to fuel its growth. The online lending service provides short term loans for SMEs who usually have difficulties in getting financing, according to the company. Its algorithm has been designed to analyse the financial state of […]

UK software firm Misys pulls the plug on its IPO plans

UK financial software company Misys has ditched its plans for an IPO in London citing uncertain market conditions at this time. “Despite encouraging institutional support Misys Group Limited has decided not to proceed with its potential initial public offering at the current time due to market conditions,” the firm said in a brief statement this […]

French fintech startup PayFit lands €5 million in new funding

PayFit, a French fintech startup, has raised €5 million in a Series A round led by Otium Venture and Xavier Niel to fund its international expansion and further develop its payslip processing tech for small business. Investors The Family, Geoffroy Roux Bézieux, Jean-Daniel Guyot, Oleg Tscheltzoff also participated in the round. PayFit automates payroll processes […]