British-American open banking startup Token raises $16.5 million

Fintech startup Token headquartered in the UK and the US has landed $16.5 million in a funding round from Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures, and EQT Ventures. The startup plans to use the capital to further develop its open banking platform TokenOSTM. As the company puts it, the platform […]

London insurtech scale-up Zego secures $42 million in a round led by Target Global

London-based insurtech startup Zego has raised $42 million to boost its European expansion. The financing round was led by Target Global and joined by Balderton Capital and Transferwise co-founder Taavet Hinrikus, who is also joining the company’s board. Zego says it will use the fresh cash to expand operations throughout Europe and double its workforce […]

TrueLayer scores $35 million from Tencent, Temasek and prior backers to expand its ‘Open Banking network’ in and outside of Europe

British fintech scale-up TrueLayer, a provider of financial APIs, has raised $35 million in funding in a round led by Tencent and Singapore’s Temasek. Previous investors Northzone and Anthemis also chipped in, bringing the total investment raised by the company to date to $47 million. Based in London, TrueLayer basically provides an interface between financial […]

Mobile payments company WorldRemit raises $175 million in Series D funding

London-based fintech scale-up WorldRemit has secured $175 million in a Series D funding round led by returning investors (TCV, Accel and Leapfrog Investments) – via TechCrunch. Founded back in 2010, WorldRemit provides a low-cost alternative for smartphone and online payments, and is particularly suited for handling part of what it says is $700 billion worth […]

London-based open banking startup Yapily raises $5.4 million

The UK’s enterprise fintech startup Yapily has landed $5.4 million in a funding round led by LocalGlobe and HV Holtzbrinck Ventures, with participation from Taavet Hinrikus of TransferWise, Ott Kaukver of Twilio, and Roberto Nicastro, formerly of UniCredit. Yapily’s platform allows companies of all sizes to connect with retail banks using their open API required […]

Swedish fintech startup Open Payments raises €1.2 million

Exclusive: Stockholm-based open banking startup Open Payments has landed a €1.2 million funding round from Brightly Ventures, Luminar Ventures, and several business angels. The company plans to use the money to expand across the Nordics and, later, Europe. Open Payments has developed a platform that allows third-party developers to access various bank APIs in the […]

Scottish fintech startup The ID Co raises $2 million to help ease the onboarding process

Edinburgh, Scotland-based The ID Co has received $2 million in seed funding from Amadeus Capital Partners, SixThirty and other investors. The startup basically helps businesses in the financial space, e.g. lenders, to onboard their customers by removing friction caused during the application process by the current challenges of risk, compliance, fraud, and regulation. The Scottish […]