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UK fintech scaleup Upgrade Pack has surpassed £5m in seed funding after finalizing a new £1.5m private investment round today UK fintech scaleup Upgrade Pack, the first app globally to provide exclusive, discounted flight and hotel upgrades, has surpassed £5m in seed funding after finalizing a new £1.5m private investment round today. The new finance raises swiftly follows the expansion of the organization into APAC in August last year and will fuel further business growth...

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Fintech startup ABC Technology today announced the establishment of its international headquarters in Singapore. The move marks the next step in the company’s drive to bring its artificial intelligence (AI)-based financial technology solutions to the global arena. The international HQ is responsible for sales and marketing, as well as spearhead the filing and registration of patents for the startup’s intellectual properties (IPs). “We picked Singapore as the base for our international operations because of its strategic location,...

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Fintech companies are becoming significant players in the U.S. economy, with firms such as Credit Karma, Tradeshift and Plaid enjoying extraordinary success as they use technology and innovation in an effort to transform the financial services industry. In 2018, for example, fintech investments in the U.S. reached $11.9 billion, a new annual high, according to CB Insights. But despite the favorable trend, fintech startups also face the same reality that all startups do – raising...

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The investment will enable RenewBuy to expand into 1000 cities by 2022 Series A investor Amicus Capital also took part in this round The company claims to have over INR 500 Cr in annualised premiums currently Gurugram-based insurance tech startup RenewBuy has secured INR 130 Cr ($19 Mn) in funding from Lok Capital, IIFL AMC and existing investors in a Series B round. Amicus Capital, which had invested INR 60 Cr in RenewBuy during their Series...

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Self Lender, a leading fintech startup offering Americans a way to build their credit while also saving money, today announced a $10 million round of Series B financing, led by Altos Ventures, with additional participation from Silverton Partners, Accion Venture Lab and others. The funding will be used for expanding the team, building new products and increasing marketing efforts. According to the Center for Financial Services Innovation, there are approximately 53 million people with no to low credit...

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The Swiss FinTech startup Sonect revealed that cash management specialist Loomis and global FinTech venture fund SixThirty recently invested in the company. Loomis entered into a global partnership with Sonect and will help to accelerate Sonect’s growth with its expertise and large customer-base. Furthermore, Sonect was selected for the SixThirty go-to-market program, receiving yet another recognition of belonging to the most innovative and promising FinTech startups from around the world. These investments follow Sonect’s recent...

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The partnership paves the way for the development of a startup studio in London, reinforcing BBVA’s strategy to be part of the fintech ecosystem and develop products and services for the new era of digital banking. BBVA today announced a partnership with leading fintech venture investor and builder Anthemis Group (Anthemis) to build a venture creation studio in London. The studio will create value by deploying capital and resources to building businesses that address untapped user...

Bid Doc, Inc., developers of the BidMySmile platform, a digital marketplace that connects qualified patients with orthodontic specialists, announced this week that it has closed a seed-round of equity financing. This transaction represents the company’s first outside capital. It was previously financed exclusively by its founders. “The proceeds from this investment will be used entirely for marketing and creating awareness to drive online traffic,”reported Greg Pellegrom, CEO.  He added, “We have experienced a level of success in our pilot...

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