Nivo, an instant messaging and identity verification platform founded in Manchester, has raised a funding round of £2 million from GP Bullhound, the Angel CoFund, and a syndicate of angel investors. Launched in 2018 as a spin-out of Barclays Bank, the company positions itself as “the fastest, safest way for financial services companies to sign […]
German digital payments company Wirecard has secured a colossal €900 million in funding from Softbank’s Vision Fund. Structured as a convertible bond, the deal may result in Softbank owning 5.6 percent of Wirecard’s stock after five years. The funding from and the partnership with Softbank will supposedly help Wirecard to expand in Japan and South […]
Dutch private equity firm NPM Capital has acquired a 35 stake in Amsterdam-based fintech startup Ohpen from the company’s first investor Amerborgh for an undisclosed amount. Founded in 2009, Ohpen is a cloud-based banking engine that claims to be “a market leader in the Dutch midsize banking market.” The company plans to extend its offering […]
British fintech process automation startup Nivaura has landed a $20 million funding round led by London Stock Exchange Group, with participation from Allen & Overy, Linklaters, Santander InnoVentures, and Transamerica Ventures. Nivaura, which was founded in the UK in 2016, focuses on the deployment of digital investment banking platforms for banks, exchanges and other financial […]
London-based small business lender iwoca has raised £150 million. The round supposedly consists of £20 million in equity funding from Augmentum Fintech and Prime Ventures and £130 million in debt capital from NIBC Bank, City A.M. reported. The former part includes an earlier £7.5 million capital injection by Augmentum Fintech announced in January. The company, […]
British mobile-first digital banking startup Starling Bank has raised £75 million in funding, of which £60 million comes from a round led by Merian Global Investors, and another £15 million from an existing investor. The company plans to use the money to accelerate its European expansion and further develop the banking offering for private customers […]
London-based fintech startup Bink has landed £10 million in a funding round led by Barclays, which plans to collaborate with the startup and deliver its offering to the bank’s clients. The main idea Bink has built its offering upon is to link loyalty programmes to payment cards in a secure way, so that the customers […]