RocketBank, a Russian mobile banking company, has secured USD2m in seed funding from compatriot Runa Capital. The mobile-first banking startup will use the investment to expand services in Russia and finance product development. RocketBank’s app was launched in July 2012 and the firm claims it has a few thousand users to date.
Ilya Zubarev, senior partner commented: “Runa Capital invests in technology projects that can compete in global markets. Rocketbank is exactly such a company with a strong team, innovative approach to banking and its own philosophy of service.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
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.