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U.K.-based data and payments fintech Moneyhub raised $17.7 million in a December venture round led by London-based Phoenix Group. The investment follows an October funding round led by Legal and General, Lloyds Banking Group and Shawbrook Bank that raised $41.5 million, according to a Moneyhub release. The fintech plans to use the funding for its […]
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Whitney McDonald
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The recent collapse of crypto exchange company FTX might have banks and fintechs reevaluating their partnership-vetting processes in 2023 to avoid potential reputational damage. “As a result of the recent circumstances arising in the digital asset space, it may lead to a phase of tread with caution [for partnerships],” Tejus Oza, managing director, North America […]
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Whitney McDonald
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Purchasing platform Teampay raised $47 million in Series B funding earlier this month. The New York-based fintech is a spend management platform that allows companies to request, approve and track expenditures in real time, according to Crunchbase. Teampay will use the funding toward advancing its go-to-market strategy, expand its workforce and prioritize its recent partnership […]
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Whitney McDonald
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Paris-based fintech Younited has reached unicorn status after breaking through the $1 billion valuation mark following a $63 million raise from its main shareholders including Goldman Sachs, Eurazeo and Bpifrance. The 13-year-old fintech, which operates in five European countries, provides a cloud-based software-as-a-service (SaaS) platform that utilizes data from APIs and open banking to […]
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Brian Stone
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Card and financial app Curve has secured a $1 billion USD credit line from Swiss bank Credit Suisse, the company announced Tuesday. London-based Curve, founded in 2015, plans to use the funding to expand its Curve Flex product, which consolidates cards and accounts into one app, in Europe and the U.S., according to a release. […]
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Brian Stone
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Digital payouts firm WeGift on Tuesday closed a $30.9 million series B funding round led by Element Ventures. The London-based platform automates the manual ordering and fulfillment process to allow businesses including Amazon and Apple to offer rewards with access via APIs to more than 1,300 digital gift cards, according to the WeGift website. “Innovations […]
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Whitney McDonald
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