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Funding 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

Funding Lending London Virtual Banking

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

London Payments USA

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

Funding Germany London

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

Lending London

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

Funding Lending London

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

Blockchain/Bitcoin Funding London Virtual Banking

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,

Funding London Money Transfer

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

Funding London

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,

Lending London USA

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