UK-based fintech startup Revolut receives European banking licence

The challenger bank Revolut has just become an actual bank by securing a European licence, which it applied for through the Bank of Lithuania. The company plans to start offering protected current accounts, overdrafts, and loans in early 2019. Thanks to the EU’s “bank passport” system, the licence received in Lithuania allows Revolut to offer […]

London-based payment processing startup Form3 raises $13 million

The UK-founded cloud-based payment-as-a-service processing provider Form3 has raised $13 million from Draper Esprit, with participation from its existing shareholders Barclays Bank, Angel CoFund, and “several individuals.” Form3 claims to have solved the problem of slow payment processing, providing banks and fintech companies with a cloud-based technology that allows for sending and receiving payments in […]

British fintech data startup Banked raises £1.5 million

The UK-based fintech startup Banked that launched earlier this month has raised £1.5 million in a seed funding round led by Backed VC. The company has yet to release its first product to the public but plans to launch it in early 2019. Although the idea of Banked dates back to 2017, the startup was […]

Berlin-based fintech company builder finleap raises €41.5 million

German fintech-focused company builder finleap has raised a €41.5 million funding round led by the Global Voyager Fund, the venture arm of the Chinese insurance giant Ping An. The deal marks Ping An’s first European investment. Finleap is planning to use the money to expand across Europe and grow in the locations where it already […]

UK-based fintech startup Fluidly raises £5 million for its cashflow management platform

London-founded “intelligent cashflow” startup Fluidly has raised a £5 million Series A funding round led by Nyca Partners, with participation from Octopus Ventures, Anthemis, Simon Murdoch, and Charlie Songhurst. The startup addresses the problem of cashflow management, which, it says, “is the single biggest financial pain-point that businesses face.” Fluidly’s machine learning algorithms are supposedly […]