More than $445bn was lost to cyber crime last year, a 30 percent increase from three years earlier; banks have...
The Series F round values the company at $2.9 billion post money according to Axios; participating investors include Thrive, Fidelity,...
Digital customer service tech as a service firm Glia raised a $45m Series D, landing unicorn status of $1 billion in total valuation.
Motive Partners is launching a new venture capital fund this week at the World Economic Forum in Davos; Motive Partners plans to raise $150 million for the fund which will invest in fintech; LMRKTS will be one of the firm's first investments; LMRKTS is supported by ex-US Treasury Secretary Larry Summers and is focused on technology for managing foreign exchange transaction costs. Source
Fintech startup, Abaka, raised 520,000 British pounds in seed funding from Anthemis Exponential Ventures and MMI Holdings' Exponential Ventures; the company intends to use the capital to hire new people and launch in the UK; the company uses artificial intelligence to help employees improve financial wellness through a savings platform so they can manage their pension plans on their phones. Source
Last night in London the banking community in the UK came together for the annual British Bank Awards; Starling Bank...
The Consumer Financial Protection Bureau heard from proponents and critics of buy now/pay later lending amid its probe of five of the most prominent companies in the space.
The use of cryptocurrencies has given greater financial security to users who live in countries where their currency is depreciating.
Mobile app Dave is trying to help consumers manage their expenses and avoid overdraft fees; its technology provides users with their lowest seven day forecasted balance based on previous spending habits; it also allows customers to borrow up to $250 to cover expenses; the app has received investment from Mark Cuban. Source
Which startups, from which sectors, have managed to secure more venture capital to keep driving their expansion?