Wednesday, June 12, 2024
21.9 C
New York

ICYMI fintech funding round-up: Landytech, Frich Money, Swiipr and more

  • CBi Group Funding:
    • Secured $15 million in Series A funding led by Alpol Capital Family Office.
    • Funds to enhance R&D, focusing on AI and new tech for product offerings.
    • Founded in 2017, it specializes in international financial services.
    • Serves clients in 163 countries, partners with over 120 banks, and has a global clearing network for over 100,000 businesses.
  • Swiipr Funding:
    • Raised £6 million in Series A funding led by Octopus Ventures, with Solano Partners and TX Ventures.
    • World’s first airline-specialized payments platform.
    • Provides virtual and physical prepaid compensation cards and a mobile app for the travel sector.
    • Funds to develop product and technology strategy, including AI, data analytics, R&D, and international market growth.
  • Landytech Funding:
    • Secured a $5 million corporate debt facility from CIBC Innovation Banking.
    • Funds to support strategic expansion in Europe and enhance its investment management solution, Sesame.
    • Raised $20 million to date, including $12 million in Series B funding last year.
  • Frich Money Funding:
    • Raised $2.8 million in seed funding led by Restive Ventures, with participation from K20, Spartan Innovations, and TruStage.
    • Funds used for key hires.
    • Financial wellness app launched in 2021, targeting Gen Z users.
    • Entered a pilot partnership with Michigan State University Federal Credit Union.
  • 10x.team Funding:
    • Closed a €1 million seed funding round six months after launch.
    • Supported by angel investors, including former executives from Brand New Day, Ohpen, and others.
    • AI-driven platform connecting fractional professionals with start-ups.
    • Funds to expand team and platform to meet growing demand.
  • Marketnode Funding:
    • Closed a Series A round led by HSBC, with additional backing from co-founder Temasek.
    • Funds to scale platforms and develop a multi-asset ecosystem in Asia-Pacific.
    • Collaborated with HSBC since 2020 on digital market infrastructure.
    • John O’Neill, HSBC’s global head of digital asset strategy, joins Marketnode’s board of directors.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

U.S. Bank taps Greenlight for family-focused money management tools

U.S. Bank Partners with Greenlight to Enhance Financial Literacy...

Finseta offloads non-trading subsidiary Capital Currencies to undisclosed buyer for £150,000

Summary of Finseta's Sale of Capital Currencies:Transaction Overview:...

Peru becomes first South American country to adopt NPCI’s UPI tech

Summary of BCRP and NPCI International Partnership:Partnership Overview:...

Beobank selects Viva to power new corporate payment solutions for SMEs in Belgium

Beobank and Viva Partnership - Key Points:Partnership Objective:...

Siri and Google Assistant look to generative AI for a new lease on life

There’s a lot riding on next week’s WWDC 2024...

Centenary Bank embarks on tech overhaul with Oracle Flexcube core banking system

Centenary Bank Technology Transformation - Key Points:Bank Overview:...

Related Articles

Popular Categories

spot_imgspot_img