Fintech

Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures.

This afternoon Robinhood filed to go public. technewss’s first look at its results can be found here. Now that we’ve done a first dig, we can take the time to dive into the company’s filing more deeply. Robinhood’s IPO has long been anticipated not only because there are bi

India's central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the growing presence of these firms have prompted concerns about creation of an uneven playing field. In a report published on Thursday, Reserve Bank of I

There are so many startups pledging to reinvent the mortgage process that it's hard to keep up. But for anyone who has had to go through the process of applying for one, it's clear that there's plenty of room for improvement. The latest startup to raise venture money with the goal of ma

The saying goes that, “You can't teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operating in the cross-border payments space for nearly 150 years (yes, you read that right — 150 year

Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it's a large Series A even by today's standards. The financing also marks the previously bootstrapped Lo

Fintech startup Revolut has filed some financial results and is sharing details with the press. In 2020, the company reported $361 million in revenue (£261 million) — that's a 57% increase compared to 2019 revenue of $229 million (£166 million). Interestingly, those revenue figures have bee

Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London S

As so-called neobanks continue to gain more traction in the market with their more modern takes on banking and other financial services, a startup that’s building technology to help incumbent players better compete is announcing a big round of funding. 10x Future Technologies, a London-based

A number of startups (e.g. here, here, here and here) have fashioned themselves as the “Stripe for identity verification”, providing an easy way for developers to integrate ID authentication into a platform. Today, Stripe is stepping in to fill that need itself: The company is launching

TreasurySpring is a fintech startup that is now opening up access to its ‘Fixed-Term Funds’ platform. It’s raised a $10 million Series A investment round co-led by MMC Ventures and Anthemis Group. Existing investors, including ETFS Capital, participated, taking the total it has ra

RSA Security has spun out its fraud and risk intelligence business into a standalone company called Outseer that will double down on payment security tools amid an “unprecedented” rise in fraudulent transactions. Led by CEO Reed Taussig, who was appointed head of RSA’s Anti-Fraud

According to research, 85% of African SMBs have zero access to financing, and each day, African SMBs have billions locked up in receivables due to long payment cycles. This leads to cash flow problems that cause businesses to be late on important expenses and fulfilment of new orders. Jesse Ghansah

In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn't speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capi