Tag: Start-up

Activity, Investment Banking

Citi spin-out Proxymity raises $31m in Series B funding round

December 20, 2021

Via: FinTech Futures

Original consortium investors BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, JP Morgan, and State Street all participated in the round. The platform was incubated in Citi and launched in the UK in 2018, following a collaborative pilot partnership with […]

Activity, Investment Banking

US Bank boosts fintech investment with stake in two VC firms

September 1, 2021

Via: FinTech Futures

The investments in Fin Venture Capital and Commerce Ventures are a culmination of work carried out by the bank’s dedicated fintech engagement unit, set up five years ago. The unit combines the bank’s various business units with potential fintech partnerships […]

Activity, Investment Banking

Digital banking start-up Mercury hits $1.6bn valuation with new $120m funding

August 3, 2021

Via: FinTech Futures

The challenger says the funds take its total valuation up to $1.62 billion, making it the country’s latest banking unicorn. The raise also included participation from Andreessen Horowitz, CRV, and Sapphire Ventures as well as a number of angel investors. […]

Activity, Channels, Investment Banking

Digital wallet start-up Eco lands $60m investment

July 30, 2021

Via: FinTech Futures

The round also included participation from a16z Crypto, Lightspeed Venture Partners, LionTree Partners, and Valor Equity Partners, among others. It comes just four months after the company launched its digital wallet app following a $26 million fundraise in March led […]

Activity, Insurance

A life insurance start-up backed by Jay Z and Will Smith is now worth nearly $500 million

August 28, 2019


Ethos, the Silicon Valley start-up taking on America’s life insurance industry, just snagged $60 million in funding. The San Francisco-based company announced on Wednesday that it raised the fresh funds in a Series C round led by GV, Alphabet’s venture […]


US challenger bank Newbridge will start spreading the news

January 24, 2019

Via: Banking Technology

Based on Broadway, the start-up will be looking to make a grand entrance and a real show of its ambitions. The bank says it will offer a transaction processing engine integrating businesses and their digital-native customers for banking services. This […]


Revolut gets European banking licence

December 13, 2018

Via: Banking Technology

Following on from the recent licences in Singapore and Japan, challenger Revolut has got its European banking licence. The “specialised” bank licence was facilitated by the Bank of Lithuania. This type of licence was introduced by the Bank of Lithuania […]