UK-based fintech startup Atom Bank scores £50 million in a fresh round, bringing its total funding to £450 million

Atom bank, the UK’s challenger bank built exclusively for mobile, has raised £50 million in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. Today’s round takes the fintech startup’s total funding to £450 million and will be used to accelerate further growth and to continue […]

Global fintech company FNZ acquires leading wealth management software firm JHC

The financial technology company FNZ announced that it acquired JHC Systems Ltd (JHC), UK-based software provider to the wealth management industry. FNZ is a global fintech firm that partners with banks, insurers, and asset managers and is responsible for more than £380 billion in assets under administration, held by around 7 million customers of some […]

YCombinator alum VertoFX raises $2.1 million in seed money to scale into Africa

In a seed round led by Accelerated Digital Ventures (ADV), London-based VertoFX has raised $2.1 million to build tech enabled FX and international payments solutions for businesses in emerging markets. The startup was part of the latest YCombinator cohort (winter 2019).  Founded in 2017 by Nigerian-born, British ex-bankers Anthony Oduwole and Ola Oyetayo, VertoFX is […]

European fintech scale-up SumUp secures €330 million loan to finance growth

London-based SumUp, a payments technology startup, has secured a €330 million loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to support its expansion plans (via Bloomberg). The scale-up says it will use the financing to further develop its range of products (also potentially through acquisitions) and to grow its currently 1.5 […]

UK fintech startup Landbay inks £1 billion funding agreement for its buy-to-let mortgage marketplace

Landbay, a UK-based specialist marketplace lending platform for residential buy-to-let mortgages, has signed a £1 billion (€1.1 billion) funding agreement with a large, unnamed institutional investor (via UKTN). The deal to finance mortgages on its platform will help the property-focused fintech company to significantly grow its buy-to-let lending over the next two years, Landbay says. […]