Topics: Fundraising

Brexit Fears Defied by Fintech Startup Yoyo

Brexit Fears Defied by Fintech Startup Yoyo

The British mobile payment app has defied Brexit fears by fundraising an impressive £12 million. The successful fundraising round also highlights the strength in venture capital investment, according to the Financial Times who broke the story on Monday. The fundraising will be aimed at supporting the firm’s European and US expansion.   Big fundraising news for Brexit Britain   There [...]

How Are European Banks Investing in Fintech?

How Are European Banks Investing in Fintech?

CB Insights’ research in European banks investment in fintech makes an interesting read. The research company analysed private market fintech investments by assets under management all the way from 2012 to the current year and noticed banks are keen on fintech investments. With the current rate of investing, funding in European-based fintech firms might surpass $2.6 billion this year.   [...]

Private Equity Struggling to Raise Funds in the Middle East

Private Equity Struggling to Raise Funds in the ...

Private equity and venture capital funds are not performing strongly in the Middle East, according to the latest reporting. MENA Private Equity Association published its annual report, which shows a 41% drop in private equity and venture capital funds last year. In terms of the region’s winner, UAE attracted the most interest from private equity funds.   The report’s findings [...]

Plynk Raises €25m and Plans to Expand Outside Ireland

Plynk Raises €25m and Plans to Expand Outside ...

Irish money messaging app Plynk has secured €25 million in its recent Series A round. The investment round was led by Swiss Privée Ltd, which is a private investment trust. The fintech firm’s next step is to launch the product in the UK and Europe.   The fundraising round   The €25 million investment round was led by the Swizz [...]

Fintech’s New Challenger Bank Raises £32m

Fintech’s New Challenger Bank Raises £32m

Fintech is set to change the financial industry and it’s been especially focused on changing the traditional forms of banking. The online peer-to-peer lender Zopa has taken another crucial step to disrupting the traditional banking sector by raising £32 million. Zopa is preparing to launch its challenger bank and taking the fight directly to the old guard.   Wadhawan Global [...]

Are Silicon Valley’s VCs Losing Interest in Fintech?

Are Silicon Valley’s VCs Losing Interest in ...

Fintech has been booming in recent years. Investors of all kinds have flocked towards the industry and new fintech startups have been popping up all over the globe. But a recent Inc. post suggests Silicon Valley’s VCs might be losing interest.   VCs not as big of a player in fintech   Fintech companies had a surge in investment from [...]

Indian Fintech Startup Raises $5.3m

Indian Fintech Startup Raises $5.3m

Fintech startup PaySense has raised $5.3m in a Series A round, adding to its impressive fundraising efforts. The latest round was led by Jungle Ventures and it also featured Naspers Group and Nexus Venture Partners. The investment round is a clear example of the strength and attractions of the Indian fintech sector.   PaySense’s strong fundraising efforts continue   The [...]

Growth Capital Ventures Attracts a £57.5m Investment Fund

Growth Capital Ventures Attracts a £57.5m ...

UK fintech firm Growth Capital Ventures has attracted a £57.5m investment fund. The investment fund comes after its recent £1.1m investment from private equity, which helped the northeastern firm to create over ten jobs in the region. The latest investment will go towards helping local small businesses access capital in order to grow.   Major investment fund to boost growth [...]

Barclays to Open Europe’s Biggest Fintech Centre

Barclays to Open Europe’s Biggest Fintech Centre

Barclays announced on Tuesday that it would be opening up Europe’s biggest fintech centre. Despite the worries around Brexit, the UK-based bank is counting on the country to remain an innovation hub for financial firms by opening its co-working space in London.   Focus on nurturing new fintech startups   While the innovation centre, which will be located in Shoreditch, [...]

Fintech Startup Airwallex Gets $13 Million in Funding

Fintech Startup Airwallex Gets $13 Million in ...

Australian fintech startup Airwallex just managed to raise funds from a number of global investors. It secured $13 million in total funding, as the startup continues to expand its cross-border payment business overseas.   A successful funding round   The funding round managed to attract plenty of foreign investment from some of the biggest names in global commerce. Airwallex was [...]

Switzerland – an important FinTech Hub in the near Future?

Switzerland – an important FinTech Hub in the ...

New Study by Roland Berger and Swiss Finance Startups Switzerland must seize the FinTech opportunity now! Download the Swiss FinTech Study here ·      The rapid worldwide development of startups in the FinTech industry will lead to significant shifts in the global financial industry. ·      Innovations in the FinTech area lead to a fragmentation of the value chain and thus drive [...]

Abraaj Group’s $1.4bn Funds Shows Strength in African Private Equity

Abraaj Group’s $1.4bn Funds Shows Strength in ...

  Abraaj Group announced big news at the start of the week, as it closed its latest private equity fund. The North Africa focused fund managed to raise $375 million in investments. Together with its previous sub-Saharan focused fund, closed in April, Abraaj Group is set to invest nearly $1.4 billion more in the continent.   The Newest Fund   [...]

Private Equity Provides Strong Backing for a New Insurance Group

Private Equity Provides Strong Backing for a New ...

Private equity firms have provided a strong backing for a new insurance group, showing the industry still has faith in the sector. But while the Fidelis Insurance Holdings group managed to gain $1.5 billion in funds from private equity firms and other investors, some in the private equity industry are saying the sector’s investment has been a “mixed bag” for [...]

Private Equity Firm KKR Announces Profits And Prospect of a New Fund

Private Equity Firm KKR Announces Profits And ...

KKR was yet another private equity firm that managed to achieve better than expected results during the first quarter. Although the firm did suffer some damage because of its energy-related assets, it still managed to increase its quarterly profits by 29%. The firm also announced on Thursday that it is considering a new North American fund.   The First Quarter [...]

Israeli Private Equity Firm Viola Raises $250 Million

Israeli Private Equity Firm Viola Raises $250 ...

Private equity company, Viola Private Equity, announced on Wednesday that it has reached its targets with the latest investment fund.  The Israeli firm has been able to raise $250 million with the fund and the firm said there is possibility the fund will remain open for the time being. The firm will use the fund to invest in technology companies, [...]