UK-founded challenger bank Monzo has announced an equity crowdfunding campaign to start on December 5th, in which the company plans to raise up to £20 million from its customers. The news comes less than a month after Monzo raised £85 million at a £1 billion valuation in a funding round led by Accel and General […]
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 […]
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 […]
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 […]
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 […]
Belgium-based wealth management startup Investsuite has raised a €2 million funding round led by PMV and joined by the founders and business angels. Investsuite, which was co-founded by an experienced banking specialist Bart Vanhaeren (CEO) and Laurent Sorber, a PhD in Mathematical Engineering (CTO), is a white-label advisory solution for financial institutions. The investment advice […]
Brighton-based startup Futrli that has built a financial forecasting and reporting platform for small businesses has raised £4 million in its first round of funding from e.ventures, Notion Capital, and firstminute Capital. Futrli’s platform integrates with financial and accounting tools already used by the customers, including Excel sheets, to provide small businesses with reports and […]