London

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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TrueLayer Earns Unicorn Badge With US$130 Million Funding From Stripe

London-based open banking platform TrueLayer announced that it has secured US$130 million, earning the unicorn badge with a company valuation of more than US$ 1 billion. The funding round was joined by Tiger Global and Stripe. This brings TrueLayer’s total funds

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Goldman Sachs to Acquire GreenSky, Led Form3’s US$160 Million Series C

Goldman Sachs Group has signed a deal to acquire GreenSky, a fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately US$2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help

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Coinfirm Raises US$8 Million in Series A Co-led by SIX Fintech Ventures

London-based crypto regtech firm Coinfirm announced the close of its Series A fund raise of US$ 8 million, and has appointed Dr. Mircea Mihaescu as its new Chief Executive Officer. The funding round was co-led by SIX Fintech Ventures, the

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Funding Circle Launches BNPL Offering ‘FlexiPay’ for SMEs

Funding Circle, a London-based lending platform for small businesses, has jumped on the Buy Now, Pay Later (BNPL) bandwagon with its own offering called FlexiPay. FlexiPay enables businesses to spread any UK invoice or supplier payment over three months, with

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Heroes Secures US$200 Million to Acquire More Amazon Merchants and Upscale Them

Heroes, a London-based e-commerce company which acquires, operates and scales top performing Amazon brands, announced the closing of a US$200 million fundraise from US-based investor Crayhill Capital Management. The fundraise will facilitate the next phase of Heroes’ rapid growth and

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WorldRemit Raises US$292 Million at a Valuation of US$5 Billion, Rebrands as Zepz

Zepz, a digital cross-border payments platform formerly known as WorldRemit, has raised US$292 million in a Series E financing round to achieve a valuation of US$5 billion. The round includes new equity investors Farallon Capital among others, as well as backing

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