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QuadrigaCX monitor complying with RCMP investigation, looks to move case to Ontario(BETAKIT)
According to The Globe and Mail, the RCMP has made “formal document requests” to Ernst & Young (EY), which was appointed to oversee the search for the missing money.
India’s 9-month-old CRED raises $120M to help people improve their financial behavior(TECHCRUNCH)
The startup, which has raised about $145 million to date, is now valued between $430 million to $450 million, a person familiar with the matter told TechCrunch.
Credit Sesame raises $43M in equity and debt(FINSMES)
Credit Sesame, a San Francisco, CA-based consumer credit health management platform, closed over $43m in equity and debt funding.
Drop closes $58 million CAD Series B with eyes on accelerated growth, going public(BETAKIT)
Mobile rewards startup Drop has closed a $58 million CAD ($44 million USD) Series B to help accelerate its growth and allow it to enter into new markets.
PNC launches a FinTech startup inside the bank(FORBES)
PNC has created a startup program, numo, that functions as an internal startup, complete with a pre-negotiated equity split between PNC and numo employees, said David Passavant, numo CEO.
Azimo appoints new CEO as money transfer service reaches profitability(TECHCRUNCH)
Azimo, the U.K.-headquartered money transfer service backed by Japan’s Rakuten Capital, amongst others, is seeing a change at the top.
Merchant-focused FinTech startup BharatPe raises $50M in Series B funding(YOURSTORY)
Led by Ribbit Capital and Steadview Capital, BharatPe’s Series B round comes just four months after the startup raised its Series A round, in April this year.
Raisin acquires Fairr to offer pension products(SILICONREPUBLIC)
This is Raisin’s third acquisition, after the startup acquired PBF Solutions in September 2017 and MHB Bank in March 2019.
Update on Nigerian FinTech firm Interswitch and its speculative IPO(TECHCRUNCH)
Nigerian FinTech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange.
Salaryo raises $5.5M in funding(FINSMES)
Salaryo, a NYC-based FinTech platform for U.S. freelancers and startups, raised $5.5m in debt and equity funding.