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655

US mobile bank Chime raises $200 million, valuing its business at $1.5 billion

via TechCrunch

San Francisco-based mobile banking startup Chime announced it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, Forerunner Ventures, Cathay Innovation and others.

To date, Chime has raised approximately $300 million, including last year’s $70 million Series C, which then saw the company valued at $500 million.

With the new funding, Chime has now raised the most funding and has the highest valuation among other U.S. challenger banks.

(more…)

Mobile payments/banking, Mobile-first banks

March 4, 2019

930

Socure raises $30 million to combat identity fraud with machine learning

via VentureBeat

Identity fraud: It’s more common than you think. In 2017, 6.64 percent of consumers — or about 16.7 million people — fell victim to it, according to a report by research firm Javelin Strategy. (That’s up 1 million from 2016.) And in 2018 alone, over 2.6 billion records were stolen or exposed in more than 1,100 data breaches around the world.

That’s enough to give anyone the willies, but New York-based Socure hopes to put minds at ease with its cloud-based identity verification and fraud prevention solution. To accelerate its market expansion and grow its sales, marketing, research, and customer support teams, the startup has completed a $30 million series C funding round led by Scale Venture Partners, with participation from contributors Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony, along with new investor Sorenson Capital.

(more…)

Fintech news, Security

February 28, 2019

VC’s Hot Deals for LPs May Lack Sizzle

By Yuliya Chernova for WSJ venture Capital

LPs that directly invested in venture-backed startups have done poorly on such deals in the past.

(more…)

Deals, Fintech news, Global trends

May 11, 2016

1612

The Road to a Round B Gets Harder

By Russ Garland for WSJ Venture Capital

With U.S. venture capital investment slowing down, companies at all stages of development could face trouble raising fresh capital. (more…)

Deals, Fintech news, Global trends, InspirAsia

April 27, 2016

1430

European tech funding was almost flat in Q1 2016

By  for VentureBeat.com

The first quarter of 2016 has come to a close: European and Israeli startups raised €4.4 billion across 769 deals in Q1, including Spotify’s recent $1 billion debt round.

(more…)

Deals, Fintech news, Global trends

April 4, 2016

1777

Fintech growth accelerates in Asia with record $4.5 billion investments

By Elzio Barreto for Reuters news

HONG KONG (Reuters) – Investors poured a record $4.5 billion into financial start-ups in Asia last year, four times as much as the previous year, data shows, putting the region at the center of the global tech revolution poised to shake up the financial services industry. (more…)

Fintech news, Global trends, Government activities, InspirAsia

March 11, 2016

1645

Here’s why fintech companies are opting to stay private: funding just hit a record

By Julie Verhage for Bloomberg.com

Record number of deals for fintech in 2015. Some fintech companies that have recently entered the public market have had a tough time of late. (more…)

Deals, Fintech news, SME

March 9, 2016

1534

Meet India’s Airbnb For Small Offices That Just Raised Funding

TECHINASIAMyCuteOffice, India’s Airbnb for desk space and offices, just raised seed funding from angel network Lead Angels. The deal size is not disclosed. With fresh funding, the four-month-old startup aims to launch a mobile app to book offices on the go. (more…)

Influences FinTech

May 13, 2015

2353

Choose Your Own Startup Funding Adventure

TECHCRUNCH: During April, the nation will observe Financial Literacy Month – meaning it’s time to revisit the diverging roads to funding early-stage startups. The rise of non-traditional routes for raising capital, such as Kickstarter, has catalyzed a much-needed renaissance in funding options for entrepreneurs. With the passing of the JOBS Act, entrepreneurs have a bevy of new opportunities for raising seed funding, beyond the ever-illusive Silicon Valley checkbook. There are going to be complications associated with making sense of what funding route is best for your company and product needs, but sometimes the answer will reside in a combination of options. (more…)

Crowdfunding/investing, Fintech news, news, p2p/online lending

March 30, 2015