Investing in FinTech

Apr
09

TrueLayer raises US$70m to build the world’s most valuable Open Banking network

TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf […]

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Apr
08

Aussies invest more than $545 million in Raiz Invest during the pandemic

One year on since COVID hit, more than $545 million has been invested by Raiz Invest customers in the 12 months ending 31 March. With traditional savings accounts and interest rates on offer still at an all-time low, Aussies continue to find alternative ways to get a better return on their investments. The micro-investing app Raiz is proving a responsible way for investors to participate in Australian and International markets, and Bitcoin.  The Raiz app is a good way to get automated saving features and the potential of higher returns, as illustrated by the funds invested over the past year. But it is not just adult savers benefitting from apps […]
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Apr
07

Standard Chartered turbocharges digital payments proposition with investment and the merger of CurrencyFair with Assembly Payments

CurrencyFair, a global cross-border payments platform and Assembly Payments, whose platform automates complex payment workflows, today announce their merger as a result of a strategic investment by Standard Chartered, subject to regulatory approval. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered is doubling down on its commitment to the rapidly growing payments industry, following its earlier investment in Assembly Payments in 2020. Bill Winters, Group Chief Executive of Standard Chartered said, “Digital payments is a core strategic area for Standard Chartered and our 2020 investment in Assembly Payments greatly enhanced our presence in the domestic payments business. By bringing together the complementary strengths of CurrencyFair and […]

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Apr
07

EML acquires Sentenial Group & enters the Open Banking market in Europe

EML has entered into a binding agreement to acquire 100% of Sentenial Group for €70 million upfront, plus an earn-out component of up to €40 million.

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Mar
31

ACCC’s Sims warns big banks’ fintech deals could be blocked

The ACCC’s Rod Sims has warned he could block innovative fintechs from merging with big four banks, after giving approval for NAB’s takeover of 86 400.

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Mar
30

ACCC does not oppose NAB’s acquisition of Australian neobank 86 400

NAB and UBank welcome the Australian Competition and Consumer Commission’s decision not to oppose NAB’s acquisition of Australian neobank 86 400.

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Mar
30

Wisr makes strategic investment in European financial wellness fintech platform Arbor

Wisr announce today it has executed a term sheet to invest, via a convertible loan structure, in European financial wellness fintech platform, Arbor.

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Mar
26

Airwallex’s latest US$100 million capital raising puts valuation at US$2.6 billion

Airwallex announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension.

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