UK challenger bank Tandem is not to receive any further investment from retail chain House of Fraser. House of Fraser invested £6 million in December, as part of a planned £35 million injection.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fintech funding news comes thick and fast, so here are four stories in one to save you time. Featuring Revolut, Jirnexu, Airpay and Quantexa. UK-based payments start-up Revolut has launched its 2017 funding round. The latest bout takes place almost a year after it raised £1 million with 10,000 investors registering, pledging in excess of […]
Life needs less noise. So here words are destroyed. A round-up of key events in fintech funding. Featuring Autobooks, University of British Columbia, Scotiabank and more. Michigan-based start-up Autobooks has raised $5.5 million in funding. This follows an earlier $2 million seed funding round. Draper Triangle Ventures led the latest round and was joined by […]
Berlin-based fintech SolarisBank has raised €26.3 million from Japanese financial group SBI Holdings, German media company Bertelsmann, Italian banking group Unicredit, plus other investors.
Thailand’s Siam Commercial Bank (SCB) has invested a “significant” sum into a new Singapore-based venture capital (VC) firm, Dymon Asia Ventures.
Vizag, the commercial capital of Andhra Pradesh, India, continues to build relationships and develop as a fintech centre.
When time is tight, the reading can be light. A round-up of key events in fintech funding. Featuring Dimebox, NAB Ventures, Currencycloud and more. Amsterdam-based start-up Dimebox has raised €5 million in a series A round from payment processor Billpro Group. Dimebox says its modular, white label Software-as-a-Service (SaaS) solution includes risk management, artificial intelligence […]
Chinese fintech firms Dianrong and FnConn have launched Chained Finance, the “first-ever” blockchain platform for supply chain finance. According to the pair, supply chain finance companies have been limited by existing technology and, to date, have only served about 15% of suppliers needing financial resources. They claim the vast majority of the 40 million SMEs […]
UK challenger bank Atom plans to raise almost £113 million in equity investment to support its ambitions for growth. As Banking Technology reported late last year, Atom opened for all customers in the UK. Its “invitation only” phase is over and people can download the Atom App, both in IoS and Android, and open an […]