Category : News

Corporate Card Startup Ramp Bags US$300 Million, Acquires Buyer

Corporate credit card startup Ramp announced that it has raised US$300 million in a Series C funding round which now values the firm at US$3.9 billion. Ramp has raised over US$620 million to date in a mix of equity and debt financing. Founders Fund l...

With 120+ Unicorns, Tiger Global Management Has Backed the Most Billion-Dollar Companies

With more than 120 unicorn companies in its portfolio, US-based Tiger Global Management is the world’s top unicorn investor, way ahead of SoftBank Group with 77 unicorns and ranked second, and Coatue Management with 61 and ranked third, data from CB...

55% of World Top Banks Have Invested in Blockchain and Crypto Companies

In 2021, blockchain and cryptocurrencies continue to be a hot field for banks to be in as they look to capitalize on the emerging asset class. According to new data from Blockdata, a CB Insights company, out of the world’s top 100 banks by assets und...

WorldRemit Raises US$292 Million at a Valuation of US$5 Billion, Rebrands as Zepz

Zepz, a digital cross-border payments platform formerly known as WorldRemit, has raised US$292 million in a Series E financing round to achieve a valuation of US$5 billion. The round includes new equity investors Farallon Capital among others, as wel...

Zwei Schweizer Proptechs Fusionieren

Die Schweizer Proptechs Flatfox und aroov haben ihre Fusion bekannt gegeben und bieten neu eine einzige, umfassende Lösung für Wohnungssuchende, Mieterinnen und Bewirtschafter an. Die fusionierte Firma heisst Flatfox AG. Bis im Frühjahr waren sie noc...

PayPal Expands Buying and Selling Cryptocurrency Services to the UK

PayPal announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with starts rolling out this week. Customers can choose from four types of cryptocurrencies; Bitcoin, Ethereum, Litecoin and Bitcoin Ca...

Paysafe’s Acquisition Spree Continues With Germany’s viafintech

London-based payments platform Paysafe has signed an agreement to acquire German fintech company, viafintech, in an all-cash transaction for an undiclosed sum and will be finalised in the coming months. viafintech, known under the brands of Barzahlen...

DriveWealth Secures US$450 Million Series D, Now Valued at US$2.85 Billion

DriveWealth, US-based specialist of embedded finance, fractional investing in US equities, and API-driven brokerage infrastructure, announced a US$450 million Series D with a valuation of US$2.85 billion. The round was co-led by New York-based global...

PostFinance Appoints Former Avaloq Exec as New Head of Payment Solutions

PostFinance, the financial services unit of Swiss Post, has appointed Benjamin Staeheli as the new Head of Payment Solutions who will also be joining the Executive Board as of 1 January 2022. Benjamin Staeheli Staeheli will be joining the Payment Sol...

Worldline, Bitcoin Suisse Enable Swiss Merchants To Accept Bitcoin Payments

European payments firm Worldline and Swiss cryptocurrency trading platform Bitcoin Suisse announce the go-live of their omnichannel crypto payment solution WL Crypto Payments. The integrated service allows more than 85,000 Swiss merchants on Worldlin...

Canadian Travel Tech Firm Hopper Secures US$175 Series G Funding

Canadian travel tech company Hopper announced that it has completed a US$175 million Series G financing round led by New York’s GPI Capital. The fundraise also saw participation from Glade Brook Capital, WestCap, Goldman Sachs Growth and Accomp...

Revolut Taps BearingPoint RegTech To Meet Regulatory Reporting for Its UK Bank

London-headquartered fintech giant Revolut has extended its partnership with BearingPoint RegTech, a Netherlands-based regtech solution provider, to support its United Kingdom (UK) expansion plans. Revolut will be extending the use of the Abacus360 B...

Momentum Continues in Colombia’s Fintech Ecosystem

Colombia’s fintech sector is growing at a fast pace with now more than 320 companies operating in various segments ranging from online lending and digital payments, to business finance and wealthtech. This makes Colombia the third largest fintech hub...

Swiss Bitcoin Investment App Relai Hires Bitpanda’s Former Exec as New CMO

Zurich-based bitcoin investing startup Relai announced that Imo Bábics will join as Chief Marketing Officer to lead the company’s European expansion plans. He brings over twelve years of marketing experience to Relai and a proven track record i...

Valuu Branches Out To Offer Personal Loans Comparison Feature

Valuu, a fully digital mortgage brokerage platform in Switzerland launched by PostFinance, is expanding its services with transparent, digital comparison options for personal loans. Five Swiss lenders Migros Bank, BANK-now, Cembra Money Bank, eny Fin...