In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite disrupting the global traditional banking system. And even though Revolut’s first full year of profit is now coming under question,...
U.K. FinTechs received $12.5 billion in investment in 2022, 8% less than the year prior. According to research published by Innovate Finance, an independent industry body representing the UK FinTech community, this week, the drop signals a remarkably resilient FinTech ecosystem when compared to the...
Bulgarian FinTech firms have attracted nearly $6 million in investment this year. In fact, while the country’s FinTech industry may be young, with each passing year its contribution to the economy grows. For example, investments in Bulgarian FinTech companies have grown from BGN 1.3 million...
Visa announced Tuesday (August 7) that it has made an investment in and inked a partnership with Behalf, an Israeli startup. In a press release, Visa said the investment and partnership is aimed at supporting small business growth via easy-to-access capital and financing. Behalf provides working...
September 15, 2016
There are some contradicting reports forecasting the strength of FinTech investment this year. The latest report from KPMG’s Pulse of Fintech, released quarterly, found a substantial decline in FinTech investments by venture capitalists in Q2 2016, causing some concern that the space has lost its luster. But the reality, other analysts say, is that Q2 […]
May 01, 2023
Vera Equity has launched with a $20 million fund focused on early-stage FinTech companies. The new venture capital (VC) firm has invested in 20 FinTech startups to date, Vera Equity said in a Monday (May 1) press release. The firm was co-founded by Michael Vaughan, former chief operating officer at Venmo; Jonathan Pomeranz, partner at […]
August 07, 2018
Visa announced Tuesday (August 7) that it has made an investment in and inked a partnership with Behalf, an Israeli startup. In a press release, Visa said the investment and partnership...
July 12, 2016
London FinTech startup Revolut announced that it raised a $10 million (£7.75 million) Series A funding round to help improve the way people spend and send various types of currencies...
