SlimPay raises €15m for its direct debit service
The French direct debit start-up SlimPay has secured a fundraising round of €15m through Prime Ventures growth capital firm.
VC
VC investment in Britain’s FinTech sector reaches an all-time high
The UK’s FinTech companies have seen record-breaking VC investments being made with $1.5 billion raised in the first half of the year, with London-based companies securing more than 80 per cent of the total funding.
Nordea launches FinTech accelerator for Nordic start-ups
Nordea, the Swedish financial services provider, is launching a new accelerator programme this autumn in partnership with Finnish innovation agency Nestholma to nurture Nordic FinTech start-ups.
Banco Santander and Monitise will invest £20m in FinTech
Banco Santander and payment technology company Monitise have agreed to work together to launch a FinTech venture builder. The joint venture will invest in, help build and scale up innovative FinTech businesses.
Start-up’s Series A funding means vending machines will be able to accept cards
PayRange, a start-up that enables vending machines to accept cards and digital payments, has secured $12m in Series A funding led by Matrix Partners.
Vogogo raises $12.5m to fuel global expansion
Vogogo, a payment processing, risk management and compliance company with a focus on cryptocurrency, has secured $12.5m worth of funding in a Series B round led by Beacon Securities, Clarus Securities and Salmon Partners.
Blockchain Capital secures $7m after rebranding
Blockchain Capital, the bitcoin focussed VC fund, has closed its second fund that raised $7m and will continue to invest in companies that work with blockchain-enabled technology. The fund has also rebranded itself from Crypto Currency Partners.
Currency Cloud raises $18m to disrupt traditional payment system
Currency Cloud has closed its third Series C funding round, raising $18m. The cash injection will be used to help the firm expand internationally, as well as improving its payments division.
Stockholm attracts second highest amount of FinTech investment in the past 5 years
According to a new report, the Swedish capital is the second most attractive city in terms of fintech investment, attracting just under 20 per cent of all investment in the past five years.
GMO Internet raises $65m to strengthen e-commerce platform
GMO Internet, a Japanese online payment provider, has received a ¥8 billion ($65m) investment from Mitsui Sumitomo Insurance Group (MSIG) allowing the company to improve its Payment Gateway e-commerce solution.
