Rapyd, an insert-fintech-services-into-any-app payments platform has announced its definitive agreement with Arion Banki to acquire Icelandic payments solutions company Valitor for $100 million, subject to regulatory approval. Rapyd has raised just shy of half a billion dollars over 6 rounds, and with their most recent Series-E round, it’s clear that they’ve earmarked a few acquisitions […]
According to the World Bank Group, approximately 1.7 billion people, or roughly 22% of the global population do not have a bank account. When you narrow that number down to emerging populations, the figure jumps as high as 75% in some cases. With these numbers front and centre, it’s not hard to see why sending […]
Neobanks and/or challenger banks have been popping up since the aftermath of the global financial crisis, and are steadily gaining ground on their old-school opponents, whilst attracting whopping amounts of venture capital. A KPMG report found global VC investment in fintech in 2020 totalled $42.3 billion, with big digital banks pulling off mega-rounds in the […]
E-commercin’ ain’t easy. Especially when you’re just starting off and have very little to offer as a personal guarantee (read: debt funding) when trying to find some backing. To help bridge the divide, Berlin-based fintech Myos has developed a system to employs AI to evaluate risk assessment based not on the founders, but rather, on […]
Subject to regulatory approval, JPMorgan Chase, the fourth-largest bank on the planet (in total assets) has confirmed its intent to acquire London’s longtime fintech player, Nutmeg. The purchase is slated to “compliment” the UK launch of JPMorgan Chase’s digital bank planned for later this year. Financials and terms of the deal remain undisclosed. Founded in […]
Stockholm’s BNPL juggernaut Klarna has confirmed a new equity funding round of $639 million led by SoftBank’s Vision Fund 2. The raise also saw existing investors Adit Ventures, Honeycomb Asset Management, and WestCap Group pile on. With this raise Klarna now clocks in at a post-money valuation of $45.6 billion, a figure that is only […]
London-based B2B Buy Now Pay Later provider Hokodo has raised $12.5 million in a Series A round led by Mosaic Ventures. Notion Capital and Anthemis also participated in the round. In a vote of confidence, the round also saw investments from notable angel investors Taavet Hinrikus, founder of TransferWise (now Wise), Thijn Lamers, former EVP, […]
