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: July 2017 

 

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…