Remove 2019 Remove Capital Remove Digital Banking Remove Fintech
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FinTech Revolut’s Losses Triple As Customer Base Grows

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With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. million) in 2019 — up from £32.9 Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. million (£106.5

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Japanese FinTech Kyash Notches $45M Despite Pandemic

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Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

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Southeast Asia B2B FinTech Keeps VC Wheels Turning

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With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S.,

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FinTech Capify Nets $10M Funding, Continued Goldman Backing

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The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech

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Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. Kuda is the first digital-only bank in Nigeria with a standalone license.

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Making A Sizzling Leap Into Digital Banking

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To be the bank, buy the bank. Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. The $185 cash and stock deal would bring an online bank with $1.4 The $185 cash and stock deal would bring an online bank with $1.4 Elsewhere, the U.S.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

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German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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