A fintech startup that acts as a data hub for Wall Street bond investors has raised new money to fuel its expansion just as analysts grow worried about a softening mortgage market and the implications for the American consumer.
Fintech deals backed by VCs hit a record during 2018. According to a report by CB Insight, Fintech rocketed 15% year over year raising $39.57 billion for 1,707 different deals globally. This number was helped by the good number of “mega-deals” or funding rounds in excess of $100 million which, in aggregate, captured $24.88 billion of the total.
A UK fintech start up has landed $20m (£15.3m) of cash from a range of banks including HSBC and Goldman Sachs, as it plans to double in size and push into new markets.
German savings marketplace Raisin has raised $114m from a cash call to fund international expansion and new product development.
Klarna, a fintech payments giant that has more recently pivoted to offer core banking services, has a new partner in the form of hip-hop legend Snoop Dogg.
MarketInvoice has closed a new £26m round of equity funding led by Barclays and fintech fund Santander InnoVentures as well as landing a new £30m debt facility.
Alibaba taps Kabbage to loan up to $150K to SMBs after it quietly acquired OpenSky to ramp in North America.
Fintech small business lender Capify has clinched a “landmark” £75m credit facility from US banking giant Goldman Sachs, to support further growth in its UK and Australian markets.