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Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round 

PYMNTS

Current investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners also took part. The company noted that its banking platform is used by traditional banks as well as FinTechs, nonprofits and other businesses, with customers including ABN AMRO, N26, OakNorth, Orange and Santander.

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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. Social Capital Hedosophia is one of three special-purpose acquisition companies (SPACs) on the lookout for investment opportunities. V to file an initial public offering (IPO). . billion in cash proceeds.

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TransferWise Seeks To Raise Up To $300M

PYMNTS

FinTech companies that offer new technology to help move cash and funds across borders are becoming increasingly popular and disruptive to traditional banking institutions. TransferWise was started in 2011 by two Estonians: Taavet Hinrikus and Kristo Kaarmann. They’re also often more affordable.

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Mobile Payment Platform ShopKeep Closes $65 Million In Funding

PYMNTS

Tribeca Venture Partners , which led the company’s Series A round in 2011, led the financing. The debt financing piece of the round was provided by ORIX Growth Capital and Square 1 Bank, which is a division of Pacific Western Bank.

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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

According to Venture Beat , this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that include Union Square Ventures, Insight Venture Partners and Spark Capital. based Featurespace and Atlanta-based Pindrop.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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MarketInvoice Raises Funding To Deepen Partnerships

PYMNTS

MarketInvoice, the FinTech, announced on Monday (Jan. In a press release , MarketInvoice said the Series-B funding round was led by Barclays and FinTech fund Santander InnoVentures. Technology credit fund Viola Credit also participated in the equity round. 21) that it has raised £26m in new equity funding.

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