Startup gets backing to create clearing firm for equities
Embedded Financial Technologies is a new custodian-and-clearing firm for equities founded by Michael Giles, who previously ran Square’s Cash App.
Alphabet’s CapitalG leads $40 million round in fintech Mantl
Mantl has raised $40 million in a Series B round of funding led by Alphabet’s independent growth fund, CapitalG, to help it grow even more.
Manchester United to offer U.S. credit card with FinTech startup
Manchester United has inked a deal with fintech startup Cardless to create a U.S. credit card that offers more than the typical range of rewards.
Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation
Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, raised $115 million in a funding round led by digital payments giant Stripe and D1 Capital Partners, valuing it at $1.6 billion, it said on Thursday. The two-year-old New York-based firm competes with American Express, new-age fintech startups such as Brex and older expense management software makers like Expensify and SAP Concur. Stripe, which had invested in Ramp previously as well, had in March raised $600 million at a valuation of $95 billion. To read more, please click on the link below… Source: Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation | Reuters
Acorns’ new fintech target is debt management with acquisition of Pillar
Saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021.
Fintech startup Greenwood raises $40million in funding to provide Black and Latino banking services
Greenwood, the digital banking platform for Black and Latino individuals and business owners, today announced it has closed $40 million of Series A funding
Airwallex’s latest US$100 million capital raising puts valuation at US$2.6 billion
Airwallex announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension.
Fintech startup Feedzai valued at $1 billion in KKR-led funding round
Fintech group Feedzai said on Wednesday it had raised $200 million in a round led by investment company KKR valuing the startup at more than $1 billion.