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Wannabe ‘social bank’ Kroo swerves VCs to raise a $24.5M Series A from HNWs

Launched in February 2019, Kroo, the London-based consumer-facing fintech, raised some seed funding last year for its prepaid card service which claims to offer more “social features” in i

Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs

Amount, a company that provides technology to banks and financial institutions, has raised $99 million in a Series D funding round at a valuation of just over $1 billion. WestCap, a growth equity firm

This founder raised millions to build Fair, a neobank for immigrants

Fair, a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. Founder Khalid Parekh raised the capital primarily

Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once t

Home services platform Porch acquires four companies

Only a few weeks after its SPAC IPO, Porch today announced that it has made four acquisitions, worth a total of $122 million. The most important here is probably the acquisition of Homeowners of Ameri

Unit raises $18.6M to offer banking features as a service

Companies like Stripe and Twilio have changed the game for online businesses by making it easier to integrate payments and communications services into their customer interfaces without having to buil

Mexican challenger bank albo raises $45 million to expand

With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a domina

HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business

With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a growing community of

Visa backs open banking and compliance platform Railsbank

Railsbank, the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a

Brex wants to replace startup bank accounts with Brex Cash

Brex announces its newest product, Brex Cash, onstage at TechCrunch Disrupt.

Fintonic banks $28M to grow its personal finance management app

Spanish startup Fintonic has closed a €25 million Series B funding round to expand into new markets in Latin America and continue developing the product. Investors in the round include banking and

Cross River Bank gets unconventional validation with a $28M VC round

In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley's fintech startups, have backed the bank enabling many of their investments to lurch f

Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M

Kabbage — the online platform that loans money to businesses and individuals using a wide set of online data and algorithms to measure credit-worthiness — is growing once more. The sta