WorkFusion has secured $45 million in new funding to expand its artificial intelligence (AI)-driven approach to financial crime compliance, the company announced Tuesday (Sept. 16). The round was led by Toronto-based growth investor Georgian, alongside Serengeti Asset Management and other backers. The investment comes as fraud...
Smartphone maker Nothing, based in the United Kingdom, reportedly raised $200 million in new funding. The round values the company at $1.3 billion, The Times reported Tuesday (Sept. 16). Co-founder Carl Pei said the funding will help the company speed product innovation and deepen investment...
Robinhood is introducing a fund designed to expand retail investors’ access to private markets. The trading platform announced Monday (Sept. 15) that it had filed with the Securities and Exchange Commission (SEC) to put in motion the process to advance public shares of the fund,...
Investors are signaling that the hottest FinTech initial public offerings (IPOs) are not vehicles for frenzied, momentum-based trading but are underpinned by new architectures for traditional financial services. The transformations are demonstrated in company filings tied to those public listings through the past several days,...
SumUp, a United Kingdom-based card reader company, is reportedly considering a stock market listing and initial public offering (IPO). The FinTech is mulling an IPO that could value the company at $10 billion to $15 billion, the Financial Times (FT) reported Monday (Sept. 15), citing...
American financial giants are investing in Great Britain ahead of a U.S.-U.K. technology summit. The $1.6 billion investment is from companies including PayPal, Bank of America and Citigroup and will create 1,800 jobs in England, Scotland and Northern Ireland, the U.K. Department for Business and...
Last week marked a resurgence for the U.S. initial public offering (IPO) market. As the Financial Times (FT) reported Saturday (Sept. 13), seven large-cap companies went public last week, including buy now, pay later (BNPL) firm Klarna, cryptocurrency exchange Gemini, and blockchain platform Figure Technology...
Auto finance platform Lendbuzz plans to go public. The firm filed a registration statement with the Securities and Exchange Commission and intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LBZZ,” according to a Friday (Sept. 12) press...
To say this was a week that the markets focused on FinTechs would be an understatement. Klarna and Figure Technology jumped double digits on their first days of trading. They have not traded for a full week yet, but they will be included in the...