Investment

Airwallex has bagged $300 million in new funding, boosting its valuation to $6.2 billion. With eyes firmly on Europe and emerging markets, the fintech is scaling fast, and it's not slowing down.

Klarna has acquired the assets of Laybuy in New Zealand and plans to relaunch the service, bringing its global expertise to enhance payment flexibility and user experience for local consumers and merchants.

Chinese tech giant Tencent has sold off its 14% stake in British challenger bank Tide, marking a significant step back from its international investment ventures. The move aligns with Tencent's broader strategy of scaling back its global expansion, amid tightening regulatory scrutiny at home and abroad.

N26 will offer customers the opportunity to buy and sell stocks and ETFs directly in the N26 app, at a competitive and transparent price of 0.90 EUR per trade with no hidden fees.

Treasury releases principles for Net-Zero Financing & Investment, applauds $340 million philanthropic commitment and other pledges.

Zopa announced have raised £75 million ($93m) to drive their next phase of growth, with vision to become Britain’s best bank.

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK.

Strategic investment sets the stage for expanded future omnichannel merchant acquiring capabilities for European SMBs, value-added services and payments innovation.

Midas, basically the Turkish version of the Robinhood app, committed to providing free stock trading for Borsa Istanbul and US exchanges, raises $1M from Deniz Ventures.

Beginning of WeLab-Allianz partnership on insurance and investment products. WeLab Bank and AllianzGI plan strategic cooperation on digital wealth management solutions.

Starling Bank announces £272m funding round led by Fidelity Investments, UK-based digital bank now valued at £1.1 billion.

Stockholm-based digital bank Northmill raises $30M to accelerate the geographical expansion. The capital round led by M2 Asset Management.

Mambu, a SaaS banking platform, announced its latest funding round of €110 million in new capital. The new round brings the company’s valuation to over €1.7 billion.

Series D Investment will drive Divvy's expansion beyond business expense management.

This investment round has been led by the Swedish investment fund Segovia Capital, and the agreement has been advised by WP Capital Group, according to a statement.

SPARQ would like to formally announce that we have begun looking for investors for our personal finance platform as we look to launch our highly anticipated MVP in the first quarter of 2021.

Investment led by WestCap Group will support the expansion of Addepar's industry-leading platform.

Visa announced that it has completed the acquisition of YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean.

Nigeria-based challenger bank Kuda has raised $10 million in funding to expand in the whole Africa continent.

The new investment will enable Railsbank to continue to be the global leader in Banking as a Service through the launch of Credit Cards as a Service in the USA, continued expansion in SE Asia and strengthening its business in the UK and Europe.

AideXa has raised over €45 million in the largest-ever “seed” round carried out by an Italian fintech and the largest “seed round” in Europe in 2020.

Vivid Money, a Berlin-based financial platform, announced a 15 million € financing for expansion and product development, reaching a valuation of 100 million €.

Jiko, a Berkeley-based fintech company, has raised $40 million in VC funding. Series A round led by Upfront Ventures and investment firm Wafra.

Lunar, the Nordic bank which has more than 200k customers in Denmark, Sweden, and Norway raises €40 million Series C investment to jump BNPL space.

Klar, a challenger bank in Mexico, closed on $15 million in Series A funding led by Prosus Ventures with participation from also former investor Quona Capital.

insha has announced a seed financing round of €2.5 million with a €25 million valuation just in 25 months.

Mastercard will make a financial investment in Marqeta as the two companies look to deepen their global partnership and collaboration.

The Swiss company that provides digital banking solutions and wealth management technologies, Avaloq, had acquired by NEC for $2.2 billion.

Russian tech giant and search engine Yandex has tentatively agreed to buy 100% of Tinkoff Bank for $5.5 billion.

illimity and Fabrick (a company part of the Sella Group to develop open banking and the fintech ecosystem in Italy and 100% shareholder of HYPE) agreed to join forces for the fintech HYPE.

Chime raised $485 million on Series F and now worth $14.5 billion. Now the most valuable U.S. fintech company.

Qatar-based fintech startup cwallet, has successfully secured more than $500,000 in its first year.

Mobilexpress announced today that it has raised $2 million in a Series A financing round led by Collective Spark.