London
Revolut Raises US$800 Million in Series E Fundraise, Valuing It at US$33 Billion
Revolut, the financial superapp with more than 16 million customers worldwide, announced an US$800 million series E funding round, valuing the business at US$33 billion. The new funding round brings onboard two new investors, SoftBank Vision Fund 2 and Tiger
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Wise Makes Its Debut on the London Stock Exchange, Now Valued at US$11 Billion
Wise, a London-based remittance firm, has begun trading on the London Stock Exchange’s (LSE) main market through a direct listing. According to a statement by the LSE, this marks the first direct listing of a technology company in its history.
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UK Retirement Platform Smart Snaps up £165 Million in Series D Fundraise
Smart, the global retirement savings technology platform provider that powers the Smart Pension Master Trust, one of the ‘big four’ UK auto enrolment master trusts, has announced that it is concluding a £165 million Series D funding round. Chrysalis Investments
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Finastra Study: Banking-as-a-Service to Gain Massive Traction in the Next Year
According to a global study by Finastra, Banking-as-a-Service (BaaS) and inclusive banking services will have a significant impact on the industry over the next twelve months. While this trend is expected worldwide by 85 percent of the surveyed global financial
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UK’s Credit Scoring Platform ClearScore Secures US$200 Million Investment
ClearScore, a UK-based free credit scoring service and marketplace, announced that it has secured US$200 million from global equity investor Invus Opportunities, pushing its valuation to US$700 million. The investment is a mix of primary and secondary, with existing investors
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JPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch
JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch in the U.K. later
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Wise Seeks to Be the First Tech Firm With Direct London Listing
Wise, a London-based remittance firm formerly known as TransferWise, is seeking the first direct listing of a technology company on the London Stock Exchange. The firm said that it has no plans to raise capital ahead of the listing. Reuters
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UK Fintech 10X Future Technologies Raises US$187 Million in Series C Fundraise
10x Future Technologies, London-based cloud banking platform, announced the completion of an oversubscribed US$187 million Series C financing round. The funding round was co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by
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VALK Secures a Place in the UK FCA’s Regulatory Sandbox
VALK, the London-based end-to-end digital transaction solution for private markets built on Corda, has secured a place in the UK Financial Conduct Authority’s regulatory sandbox. Launched in 2016, the FCA regulatory sandbox is designed to help the financial services industry
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PayAlly Taps Banking Circle to Enhance Its B2B Cross Border Payments Services
PayAlly, a London-based fully integrated payments ecosystem for SMEs, has selected global financial infrastructure provider Banking Circle‘s solutions to improve its multi-currency B2B cross border payments services. In particular, the new partnership gives PayAlly access to a wider choice of
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