OakNorth raises $440 million from SoftBank and Clermont

British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans. Today’s funding round is the biggest funding round in a European fintech company. […]

Bud raises $20M to connect banks to fintechs and other financial service providers

Bud, the U.K. fintech that helps banks connect their apps and data to other fintech companies and financial service providers, has closed over $20 million in further funding. The Series A round sees the company pick up backing from a number of banks: HSBC (which, via First Direct, it also counts as a customer), Goldman […]

Freelancer banking service Shine switches to paid subscriptions

French startup Shine wants to be the only professional bank account you need if you’re a freelancer. So far, 25,000 people have signed up to the service, and the company recently raised a $9.3 million funding round. Shine wants to help freelancers in France all steps of the way. After signing up, the app helps […]

Banking startup N26 raises $300 million at $2.7 billion valuation

Fintech startup N26 is raising a Series D round of $300 million. Following this new funding round, the company is now valued at $2.7 billion. Insight Venture Partners is leading the round with Singapore’s sovereign wealth fund GIC and a few existing investors also participating. N26 is building a retail bank from scratch. The company […]

Revolut gets European banking license in Lithuania

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand. As expected, Revolut applied for a license through the Bank of Lithuania and is leveraging […]

LearnLux raises $2M from Sound Ventures, Marc Benioff to help employees make financial decisions

Earlier this year, Rebecca Liebman impressed a panel of high-profile investors, including Ashton Kutcher and Salesforce chief executive Marc Benioff, at a SXSW pitch competition. She won and Benioff wrote her a check for $200,000 on the spot. Today, she’s announcing that her educational fintech startup LearnLux has closed a $2 million seed round from Kutcher’s […]

Fluidly, the ‘intelligent’ cashflow management SaaS for SMEs, picks up £5M Series A

Fluidly, the London-based fintech that offers an “intelligent” cashflow management SaaS for SMEs, has raised £5 million in Series A funding. The round is led by New-York based Nyca Partners, with participation from other investors including Octopus Ventures, Anthemis and angel investors Simon Murdoch and Charlie Songhurst. Claiming to define a new software category, namely […]

Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at more than $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million), Microsoft […]

Qonto raises $23 million to improve business banking

French startup Qonto has raised a $23 million funding round for its fintech product. The company is trying to make business banking cheaper, faster and more efficient. Existing investors Valar Ventures and Alven are once again leading the round. The European Investment Bank Group is also participating. If you are running a small company or […]