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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. The post This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations appeared first on CB Insights Research.

Capital 78
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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5

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The 2023 GonzoBanker Awards

Gonzobanker

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

The deals were widely dispersed around the world, with only 4 of the 30 headquartered in California. Capital Float. Working capital financing. HQ: Palo Alto, California. HQ: San Francisco, California. Digital bank. HQ: Sunnyvale, California. Bridge Financial Technology.

Company 12
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Fall In! FinovateFall 2015 Presenting Companies Revealed

Fintech Labs Insights

Dealflow is building the largest channel for online capital formation. ebankIT is an Omnichannel Banking software company that delivers the latest innovative solutions in financial technology. Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.

Company 12