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. […]

German fintech startup BITA raises €1.25 million to bolster its indexation software

Frankfurt, Germany-based financial technology startup BITA has scored €1.25 million in seed funding to boost the development of its software for financial indexation and systematic investing, and to accelerate its sales efforts. The capital injection comes from German early-stage investment Futury Ventures, BeneLux-based VC firm Volta Ventures and Belgian investor Michel Akkermans (though his Pamica […]

French fintech startup Joko raises €1.6 million from Partech and others to bolster its loyalty program

French fintech startup Joko has raised 1.6 million euros in early-stage funding from Partech, Axeleo Capital, Lafayette Plug and Play and a number of unnamed angel investors to “reinvent loyalty cards”. Founded in 2018, the company says traditional and single-brand loyalty programs are outdated and no longer cater to millennials, which leads to disappointment and […]