Investment

Klarna acquires Laybuy in New Zealand

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.

Tencent divests 14% stake in British challenger bank Tide

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 begins rollout of new Stock and ETF trading product

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.

U.S. Department of the Treasury published the principles for Net-Zero Financing

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

UK-based Zopa raises £75 million

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

Dubai Investments acquires stake in Monument Bank, UK-based digital bank

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

J.P. Morgan to acquire a stake in Greek fintech Viva

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

Turkish commission-free stock trading app Midas raises $1M

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.

Allianz X invests $75 million in fintech WeLab

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 Series D funding

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

Swedish digital bank Northmill raises $30M to accelerate expansion

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

Mambu raises €110 million in funding round led by TCV

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.

Divvy raises $165 million at a $1.6 billion valuation

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

The online loan marketplace Prestalo closes a new investment round

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 announces investor search

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.

Addepar raises $117M in Series E funding

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