Early-stage venture capital firm 8i Ventures said Monday (June 13) that it had sold part of its seed stake in Banking as a Service (BaaS) FinTech M2P Fintech, earning more than 36 times its original investment price in the process, according to The Economic Times....
For FinTechs, and for the venture capital firms that fund them, the mantra “growth at all costs” is so 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The quality of entrepreneurs in Europe has improved over time, and instead of going to work for Goldman Sachs or McKinsey, the new generation of European talent are more likely to start their own businesses to tap into the thriving startup ecosystem, says Thomas Cuvelier,...
HostBooks, an Indian FinTech startup focused on micro, small and medium enterprises (MSMEs), has raised $3 million in a Series A round led by payments platform Razorpay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Beneficial State Bank closed on an equity investment of $218 million from the U.S. Treasury’s Emergency Capital Investment Program (ECIP) Thursday (June 9), which will support expanded lending to smaller businesses and low- to moderate-income customers. Get the Full Story Complete the form to unlock...
Identity platform Middesk, which works to automate business verification and underwriting, has raised $57 million in a Series B round to fund new products, scale its team and provide education on business identity, according to a press release Thursday (June 9). Get the Full Story...
In today’s FinTech news, Factris is using its latest funding to bolster efforts to help smaller firms with cash flow problems due to late invoice payments. Plus, Apple is using its own money to fund its buy now, pay later (BNPL) venture Apple Pay Later....
Two weeks of gains in this stock market kind of feels like a winning streak. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Engagement banking platform Backbase has raised almost $128 million in growth equity from FinTech specialist private equity firm Motive Partners, which it will use to bolster its position in the space, according to a company press release Thursday (June 9). Get the Full Story Complete...
