Funding
Verve Ventures Raises Series C, Martin Scholl Joins Board of Directors
To further invest in its digital platform, serve more investors and drive new partnerships, Verve has raised a Series C financing round from several investors. At the same time, Martin Scholl, former CEO of Zürcher Kantonalbankk (Switzerland’s third-largest bank) will
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Global Finance, Tech M&A Activity Continues to Decline
Mergers and acquisitions (M&A) activity in the financial services and technology industries continued their decline in Q1 2023, carrying on a trend that began last year. Deal activity in these sectors is now reaching levels not seen since the start
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QED Investors Raises Nearly US$1 Billion to Invest in Fintech Firms Globally
QED Investors, a global venture capital firm investing exclusively in fintech companies, announced the close of two new funds totaling US$925 million. With the close of these two new funds, QED will have more than US$4.0 billion under management. The
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wefox Secures $110M Funding, $55M Credit Facility From J.P. Morgan and Barclays
wefox, the Switzerland and Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint. The new funding is
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Österreichisches Tech News Portal Brutkasten wird von VGN Medien übernommen
Die Brutkasten Gruppe, Österreichs Medienhaus für Startups, Innovation und die digitale Wirtschaft, gibt bekannt, dass der österreichische Magazinverlag, die VGN Medien Holding (u.A. Trend, Woman, tv-media), als strategischer Investor eingestiegen ist und neuer Mehrheitsgesellschafter wird. Als Teil der Transaktion wird
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UK Retirement Saving Fintech Raises $95m Series E Funding
Smart, a London-headquartered fintech in the global retirement savings market, announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC , a private investment firm based in New York and London. Existing
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U.S. Fintech 8fig Raises US$140M Series B Led by Koch Disruptive Technologies
Fintech firm 8fig announced that it has secured a US$140 million Series B funding round in April 2023 led by Koch Disruptive Technologies (KDT). This brings 8fig’s total funds raised to US$196.5 million. The funding round was also joined by
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Fintech Market Rebounds as Public Markets Recover, Private Investments Increase
Global fintech investment declined significantly throughout 2022, with funding dropping by 46% from 2021’s record levels, deals falling 8% year-over-year (YoY) and unicorn births sinking to a low of five new unicorns in Q4 2022, representing an 87% drop compared
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ADB, Switzerland Sign US$5 Million Co-Financing Deal to Support Vietnamese Fintechs
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million for Vietnamese fintechs focused on addressing financial inclusion in the country, particularly among small and medium-sized enterprises (SMEs). This funding, along with a US$2 million contribution
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Keyrock and Tenity Launches Accelerator for Web3.0, Fintech Startups in Belgium
Belgian crypto startup Keyrock announced that it has partnered with global fintech incubator Tenity to launch an acceleration programme for Web3.0 and fintech startups. The 4-month programme is set to begin in early September 2023 in Belgium and will conclude
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