London

London Fintech Plum Bags US$14 Million in First Close of Its Series A

London-based money management app Plum announced the first close of its US$14 million Series A round to fuel its expansion plans in Europe. The company also announced a new crowdfunding round opening on Crowdcube later in October. Plum reports that

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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO

Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now

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Payments Firm SumUp Acquires Fivestars for US$317 Million

SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisition will enable both companies to

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German Asset Manager DWS Group Acquires Minority Stake in Smart Pension

Smart, a global savings and investments technology platform provider based in London, announced that DWS Group has acquired a minority stake in the firm by joining its £165 million series D funding round. The DWS Group is a German asset

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Advisory Firm Nebula Capital Partners Set to Launch BNPL-Focused Fund

London-based advisory firm Nebula Capital Partners (NCP) is launching a fintech lending focused fund project which bridges the gap between traditional and digital finance. NCP aims to bring the emerging asset classes of digital lending and embedded finance to professional

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London Fintech 9fin Secures £8 Million Series A Led by Swiss VC Redalpine

9fin, a London-based provider of data, news and predictive analytics for debt capital markets, has announced an £8 million Series A round to fuel its expansion into the US. The company will expand into the US market by opening a

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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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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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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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Payments Giant Mastercard Jumps on the BNPL Bandwagon

Mastercard announced that it is set to introduce a new Buy Now, Pay Later (BNPL) offering, Mastercard Installments for its customers in the United States, Australia and the UK. The programme gives consumers a flexible, ubiquitous way to pay online and

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