Archive
Payments Firm SumUp Acquires Fivestars for US$317 Million
SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisition will enable both companies to
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Halo Investing Bags Over US$100 Million Series C, Plans to Set up Office in the UAE
Halo Investing, a Chicago-based multi-issuer technology platform for protective investment solutions, announced that it has raised over US$ 100 million in Series C funding. The latest fundraising round was led by Owl Capital and included the Mubadala-backed US$ 1 billion
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Embedded Finance Firm Alviere Raises US$70 Million in Funding
Alviere, a New York-based embedded finance platform offering single-integration plug and play software services, announced that it had raised US$70 million of new funding. This latest round includes the participation of existing investors Viola Ventures, Viola Fintech and CommerzVentures, as
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US Department of Justice Sets up National Crypto Enforcement Team
Deputy Attorney General of the United States Lisa O. Monaco announced the creation of a National Cryptocurrency Enforcement Team (NCET). The team aims to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency, particularly crimes committed by virtual currency
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Robo Advisor Betterment Earns Unicorn Badge With US$160 Million Series F
New York-based robo advisor Betterment announced that it has secured US$160 million during a Series F equity round, pushing the company’s valuation to nearly US$1.3 billion. The growth capital raised comprises a US$60 million equity round and a US$100 million
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Insurtech Firm Sure Bags US$100 Million in Series C, Now Valued at US$550 Million
US-based insurtech Sure announced that it has raised US$100 million during a Series C funding round which values it at US$550 million. The fundraise was co-led by Declaration Partners LP and Kinnevik AB with participation from WndrCo, FTAC Ventures, Expanding
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Latin America’s Fast-Evolving Fintech Regulatory Landscape
Latin America (Latam)’s fintech industry is booming, fueled by the region’s large population of unbanked, rising demand for online banking tools and a surge in venture capital (VC) investment into the region. In 2016, Latam financial services companies secured just
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