Funding
Digital Asset Manager CoinShares Snaps up 9% Stake in FlowBank for US$11.8 Million
London-based digital asset manager CoinShares has acquired a 9.02% stake in Swiss online bank FlowBank for US$11.85 million. With this move, FlowBank’s clients can invest in CoinShares’ crypto ETPs. From next year onwards, customers will be able to directly buy,
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German Neo Insurer Getsafe Extends Series B Fundraise to US$93 Million
Getsafe, a digital insurer targeting millennial buyers in Germany and the UK, announced that it has extended its Series B funding round to US$93 million. The neo insurer previously announced in December 2020 that it had secured US$30 million during
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Money Transfer Startup TransferGo Secured US$50 Million in Series C Fundraise
TransferGo, a London-based money transfer company, announced that it has secured US$50 million during a Series C funding round, bringing its total funds raised to US$77 million so far. The funding round was led by Elbrus Capital Fund III and
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Robo Advisor Betterment Earns Unicorn Badge With US$160 Million Series F
New York-based robo advisor Betterment announced that it has secured US$160 million during a Series F equity round, pushing the company’s valuation to nearly US$1.3 billion. The growth capital raised comprises a US$60 million equity round and a US$100 million
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Insurtech Firm Sure Bags US$100 Million in Series C, Now Valued at US$550 Million
US-based insurtech Sure announced that it has raised US$100 million during a Series C funding round which values it at US$550 million. The fundraise was co-led by Declaration Partners LP and Kinnevik AB with participation from WndrCo, FTAC Ventures, Expanding
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Market Pay Acquires French Payments Firm Dejamobile
Market Pay, an European and omni-channel payment platform, announced the acquisition of Dejamobile, a French provider of mobile and connected equipment payment solutions. This deal is the second acquisition for Market Pay this month, following the acquisition of the Acoustic
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Deutsche Börse’s Venture Arm Acquires Minority Stake in Israeli Fintech WeMatch
Deutsche Börse’s venture arm DB1 Ventures has acquired a minority stake in WeMatch, an Israel-based fintech company digitising the wholesale derivatives industry, as part of the latter’s US$ 19.5 million Series B equity funding round. The deal closed on 30
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European Funding Trends: Soaring Wealthtech and Insurtech Funding
In Q2 2021, European fintech companies raised a record of US$7.2 billion in venture capital (VC) funding, a 30% quarter on quarter (QoQ) surge driven by insurtech and wealthtech companies, according to new data from CB Insights. Among all fintech
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London’s SME Lender Wiserfunding Bags £3 Million From BGF
Wiserfunding, a London-based provider of credit risk assessment for SME lenders, announced it has secured £3 million investment from growth capital investor BGF. The deal was led by James Austin and Rowan Bird at BGF. As part of the deal,
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85% of World’s Largest VCs Bet on Blockchain and Crypto
Out of the world’s 20 largest venture funds based on assets under management (AUM), 17 have invested in companies involved in blockchain technology or cryptocurrencies, implying that 85% of the world’s biggest investors have committed part of their funds to
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