Y Combinator-backed financial data collaboration platform Abacum raises $7 million in round led by Creandum

Barcelona-based real-time financial and operational data collaboration tool Abacum has raised $7 million in a round led by Creandum. Existing investors Y Combinator, PROFounders, and K-Fund also participated, as well as angel investors Justin Kan (Atrium and Twitch), Maximilian Tayenthal (N26), Thomas Lehrman (GLG), Avi Meir (TravelPerk), Jenny Bloom (Zapier), and Mike Asher ( Neo4j). […]

London-based open banking platform TrueLayer raises $70 million in Series D round

London-based TrueLayer has raised $70 million in a Series D round bringing the fintech’s total capital raised to $142 million. The round was led by new investor Addition, and saw participation from existing investors including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO […]

Warsaw-based fintech Spoko lands €5 million from FinTech Ventures

Warsaw-based international money transfer fintech Spoko has obtained €5 million in financing from their strategic investor FinTech Ventures. The new funding is expected to accelerate Spoko’s geographic expansion and further develop the product. Specialising in instant international cash transfers, Spoko is seeking to stand apart from competitors through attractive exchange rates and transparent transaction costs. […]

Brisbane-based EML Payments acquires Kildare-based open bank Nuapay

Kildare, Ireland-based Sentenial and its open banking brand Nuapay have been acquired by Brisbane’s EML Payments for an upfront fee of €70 million, with an additional earn-out component of up to €40 million. With this acquisition, the combined group will hold in excess of $90 billion AUD in Gross Debit Volume. The deal is subject […]

London-based Gro grows a $7.1 million seed to make decentralised finance more accessible

London-based Gro has closed a $7.1 million seed round with the aim of making decentralised finance more accessible. The round was led by decentralised finance VCs Galaxy Digital and Framework Ventures, and saw participation from Variant, Nascent, a_capital, and Northzone. Angel investors including founders of DeFi protocols Aave, Compound and Synthetix also contributed. Co-founded in […]

London-based Buy Now Pay Later fintech Butter raises £15.8 million

London-based Buy Now Pay Later platform Butter has raised £15.8 million in a new round. Led by BCI Finance, the credit arm of London-based venture builder Blenheim Chalcot, the round also saw participation from a number of undisclosed private investors. Originally conceived as a Buy Now Pay Later (BNPL) travel agency, Butter has grown into […]