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Innovate Finance Member Investment Stories

Innovate Finance members have raised significant rounds during 2017.

See below for a list of FinTech investment stories during the year.

Member Investment Stories: October 2017 

Fluidly, a London-based fintech startup aiming to revolutionise cashflow management for SMEs, has completed a £2M seed investment, bringing the total amount it has raised to £2.375M ($3.2M). Read more…

Member Investment Stories: September 2017 

The UK challenger bank Starling has revealed its intention to raise a further £40 million ($54 million) in funding to drive its foreign expansion ambitions. Read more… 

Digital Shadows, a London and San Francisco-based cyber security firm, has raised $26 million in a funding round led by Octopus Ventures to support its expansion into markets such as Asia. Read more..

GoCardless has raised $22.5 million from Accel, Balderton Capital, Notion Capital and Passion Capital. The FinTech firm has stated this new round of funding will be used to accelerate the creation of the first global bank-to-bank payments network. Read more…

The FinTech consumer lender Neyber has this week received £100m of debt and equity financing from global financial firm Goldman Sachs. Read more…

This week, the UK’s digital mortgage broker Habito has announced it has raised  £18.5 million ($24 million) in a series B round of funding led by Atomico. Read more…

Member Investment Stories: August 2017 

Prodigy Finance, a global FinTech platform that provides postgraduate loans to international students with no alternative access to finance, today announces a $240 million fundraise. Read more…

ArchOver, the peer-to-peer business lending service, will provide a multi-channel P2P business loan of £1.35 million to TLM Technologies, the convenience store technology provider. Read more...

London-headquartered Neyber has raised £21 million of new equity at the closure of its series C funding round led by Wadhawan Global Capital (WGC), a leading Indian Financial Services Group. Read more.

Member Investment Stories: July 2017 

Nasdaq has announced that it intends to acquire Sybenetix, a leading behavioural analytics company to become part of Nasdaq‘s Risk & Surveillance suite of solutions. Read more...

Klarna, the Swedish startup that works with e-commerce businesses and retailers to provide financing and other payment services, announced that it has picked up yet another large investment, its third inside of two months. Permira, the private equity firm and prolific late-stage tech investor, has taken a minimum 10 percent stake in the FinTech business. Read more…

Form3, a cloud-based payment processor, has raised a $5m (£3.8m) Series A from investors including Barclays and the Angel Co-Fund. The company will use the cash to expand across Europe and North America and to “significantly” grow its team. Read more…

RegTech firm Contego Fraud Solutions has raised £3.5m in a Series A round led by Maven Capital Partners. The Oxfordshire-based company provides an automated compliance service that helps organisations understand who their clients, customers and employees are. It also and provides real-time fraud checks. Read more…

Curve has now confirmed the startup has closed $10 million in series A funding. Investors are banking providers Santander InnoVentures, Investec, Connect Ventures, Speedinvest, Oxford Capital, Breega Capital, and Samos Investments. Individual investors include: Henry Ritchotte (ex Deutsche Bank COO), Gael de Boissard (ex Credit Suisse board member), Alessandro Hatami (The Pacemakers; ex Lloyds, Paypal, GE Capital), Paul Townsend (Vitesse PSP, Barclays, WorldPay), Emilian Popa (Rocket Internet, Naspers, Groupon), Rohan Haldea (Apax Partners). Read more…

Tide, a UK-based, mobile-first banking service targeting small and medium enterprise customers, has picked up a Series A of $14 million, one of the bigger rounds for a FinTech startup in Europe this year. The investment was led by Anthemis (the London-based fintech investor that has also backed Azimo, Currencycloud, Betterment and Simple) and Creandum (investor in Spotify and many other high-profile European startups), and is joined by Passion Capital and LocalGlobe, which backed Tide in a $2 million seed investment last year. Eileen Burbidge of Passion Capital is also Tide’s chairperson.  Read more…