Smart, a London-based company that provides retirement technology, has raised 40 million pounds ($47.5 million) in growth financing from CIBC Innovation Banking, according to a Thursday (July 14) press release. Smart will use the funding to expand its market growth, launch new products and make...
FPL Technologies, which offers credit cards under the name OneCard, has become a unicorn after a funding round that valued the company at over $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
African money movement platform Zazuu has completed a $2 million fundraising round that will allow it to build a more robust remittance offering for residents living in the diaspora, Tech Nova reported Wednesday (July 13). Get the Full Story Complete the form to unlock this...
Venture capital (VC) investment firm Illuminate Financial announced Wednesday (July 13) that it has entered a strategic relationship with Citi, who joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global as a limited partner in Illuminate Financial’s VC strategy. Get the Full...
Global money transfer startup Zepz, the parent company of WorldRemit, is reportedly putting its planned initial public offering (IPO) on hold while it focuses on profitability amid management turnover and alleged account issues. Get the Full Story Complete the form to unlock this article and...
Nordic IPOs are likely to do better before the first half of next year is over, according to statistics from Deutsche Bank, compared to the lull in the region now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
FinTech-focused private equity firm Motive Partners has closed its second flagship fund, Motive Capital Fund 2, totaling $2.54 billion in capital commitments for the fund and its related investment vehicles, according to a Tuesday (July 12) press release. Get the Full Story Complete the form...
Cross-border payments company LianLian Global could seek as much as 1.5 billion yuan ($223 million) as the Ant Group competitor eyes an initial public offering (IPO) in Hong Kong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
BlackFin Capital Partners has announced Monday (July 11) a second closing, for €350 million ($351 million), of its Tech 2 fund, which is dedicated to European FinTechs and InsurTechs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
