Motif Investing, an online startup that lets investors buy groups of stock based on themes, has raised USD25m in Series C funding. The round, which brings the firms total fundraising to USD51m, was led by Goldman Sachs, who’s MD David Cohen, will join Motif’s board as part of the deal.
Ignition Partners, Norwest Venture Partners and Foundation Capital, all existing investors, also participated. Motif Investing was founded in 2010 and to date has created more than 7,500 stock bundles, called ‘motifs’, based around themes such as Biotech, Real Estate, Obamacare etc. The company says it will use the funding to develop products aimed at financial advisers, who would be able to invest for their clients via Motif’s platform.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.