Weekly funding highlights 17 July 2020

Weekly funding highlights 17 July 2020

Weekly funding highlights 17 July 2020

For the funding news this week, American discount brokerage Robinhood raised an additional $320m (€280m) from new investors TSG Consumer Partners and IVP, which brings its latest round to a total of $600m (€525m), at a $8.6 bbn (€7.5bbn) valuation. The good news was expected, since the former start-up is seeing demand for its product surge as investors of all sizes take part in the year’s huge equity volatility. Read more

From last week’s partnership with Deutsche Bank, Google announced investments of $4.5 billion (€3.9b) in the subsidiary of Indian Reliance Industries company, Jio Platforms. The investment from Google is one of the rare instances where the Android-maker has joined its global rival Facebook in backing a firm. Facebook invested $5.7 billion (€4.9b) in Reliance Jio Platforms, which has acquired over 400 million subscribers, in April this year. Read more

Mastercard invests in Polish FinTech Verestro, at an undisclosed sum. As part of the deal, Verestro has changed its name from uPaid. The FinTech has provided payment solutions to banks and partners across four continents for the past ten years, specializing in development, integration and management of API for banks and FinTech partners. Read more

End-to-end application security monitoring solution Traceable has secured $20m (€17.5m) in its Series A round, as it launches from stealth, with investors Unusual Ventures and BIG Labs. Traceable wants to focus on protecting businesses into moving to cloud-native applications from cyberattacks. Using machine learning technology, the platform monitors the end-to-end application activity from the user to identify any illicit activity. Read more

Lanistar, personal financial management startup, has raised £15m (€16.5m) from Milaya Capital to support its forthcoming commercial launch for winter 2020. The investment sees Milaya Capital gain a 10 per cent stake in the company at a valuation of £150m (€165m). With the funding, Lanistar hopes to grow its operational and customer support teams and scale it towards its product launch. Read more

Digital asset infrastructure provider Metaco has led a Series A funding round of $17 million (€14m), with investor Giesecke+Devrient, a German security technology company. Standard Chartered, Zürcher Kantonalbank and venture capital firm Investiere also joined the round. Founded in 2015, Metaco offers an institutional operating system for digital assets. It’s called SILO and integrates cryptocurrencies, tokens, and distributed ledger use cases into a core infrastructure. Read more

Do you have any news to share: please put feed@hollandfintech.com on your press list. 

Read here our other sections of this week:

 

Subscribe & read the full newsletter here: https://hollandfintech.com/featured/newsletters/

Share
Share on facebook
Share on google
Share on twitter
Share on linkedin
Related Posts
Featured
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, and applicability
Weekly fintech update in your mailbox? Sign up for our Global Fintech Update, sent every friday.

This website uses cookies to ensure you get the best experience on our website.
To learn more, read our privacy policy.

X
X
X