Silicon Valley-based Rapyd has closed a $100 million Series C funding round led by Oak HC/FT and joined by previous investor Stripe, Rapyd announced in a press release on Tuesday (Oct. 1). Other investors included Tiger Global, Coatue, General Catalyst, Target Global and Entree Capital....
Alt lending, and, of course, digital payments, were top of mind for investors targeting India FinTechs these past few weeks. We take stock of two quarters and the YTD — and some triple digit funding rounds — amid the country’s changing financial services landscape.
Monzo, a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the early outset of its expansion into the U.S. The funding round was led by Y Combinator through its Continuity Fund....
Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC, citing two people familiar with the deal, reported Robinhood has raised a minimum of $200 million in a recent late-stage fundraising round that...
A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. Sureswipe will be consolidated under the newly-formed Crossfin Transactional Services (CTS), along with Innervation Pan...
TransferWise, the U.K. money transfer startup, has raised $292 million in a round of funding, giving it a valuation of $3.5 billion. To date, TransferWise has raised $689 million in venture funding. Reuters, citing the company, reported the round was led by Lead Edge Capital,...
KOHO, the Canadian FinTech, announced on Wednesday (May 15) that is has closed a $42 million round of fundraising. In a press release, KOHO said the round was led by Portag3 Ventures and included participation from Greyhound Capital and other strategic investors. KOHO, which provides...
Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by Reuters. The company’s past investors include English business magnate Richard Branson and PayPal founders Peter Thiel and Max Levchin. FinTech...
Grab, the ride-hailing startup, is in discussions with Ant Financial, the payment affiliate of Alibaba and PayPal, about spinning out Grab Financial Group. According to a report citing two sources with knowledge of the talks, Grab Financial Group, which is home to GrabPay, the digital payment service...
