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The seed round consisted of $4 million in equity co-led by Susa Ventures and existing investor Golden Ventures. Silicon Valley Bank provided $1 million in debt.
The new pricetag makes Revolut the most highly valued fintech in the UK — and the second top in Europe just behind Klarna.
Blend’s cloud-based platform is now used by 31 of the top 100 U.S. financial firms, including big mortgage lenders like Wells Fargo and US Bank.
The Toronto-based FinTech startup claims it is the only trading platform in Canada to offer fractional shares in Canadian and United States (US) companies.
Indian digital payments pioneer Paytm has filed its prospectus for a $2.2 billion initial public offering, hot on the heels of fellow tech unicorn Zomato Ltd.’s hugely popular share sale.
MobiKwik’s move comes as a handful of Indian startups, including Zomato and Paytm, are working to list on stock exchanges.
The round, which comes mere months after Clearco raised $125 million CAD of equity financing, accelerates the company’s international expansion plans and overall roadmap by at least one year.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
The financing, which also included participation from existing backers, propels the Chicago-based FinTech to unicorn status with a valuation of $1.45 billion.
Tetra Trust to become Canada’s first qualified crypto custodian, raises funding from Coinbase, Mogo (BETAKIT)
Tetra investor Coinbase Ventures is the venture capital arm of American crypto trading giant Coinbase.
Apple, Goldman plan ‘buy now, pay later’ service to rival Affirm (BNN BLOOMBERG)
The buy now, pay later system could help drive Apple Pay adoption and convince more users to use their iPhone to pay for items instead of standard credit cards.
Digital mortgage lender Better acquiring Goldman Sachs-backed FinTech ahead of public listing (CNBC)
The announcement comes ahead of Better’s public listing via SPAC merger with Aurora Acquisition Corp., which is expected to value the company at $7.7 billion.
A deep dive into the popular online broker’s filings shows its money-making formula: a lot more trading and higher payments from market makers.