Monzo crowdfunding round rockets through $2.5m target
Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.
BlueVine snags $75m credit line from Fortress Credit
Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit.
Dealflo scores £10m for deal automation
Financial agreement automation platform Dealflo has picked up £10m in a Series B round led Holtzbrinck Ventures. Existing backer Notion Capital also participated alongside Frog Capital.
After a tough year for lending Prosper signs $5bn deal
After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.
SoFi scoops up $500m to expand into Canada and Australia
Lending disruptor SoFi has landed $500m in a new haul of funding led by private equity investor Silver Lake. Softbank and GPI Capital also participated in the Series F round.
Paytm-investor K2 Global closes new $183m fund
Silicon Valley and Singapore-based VC firm K2 Global has closed its new fund with $183m to invest across Asia and the US.
MYOB picks up Paycorp to expand payments power
Accounting software provider MYOB is expanding its payments capabilities with the acquisition of Paycorp for A$48m ($36m).
Clinc grabs $6.3m for voice-controlled smart assistant
AI-powered financial assistant Clinc has picked up $6.3m in a Series A round led by Drive Capital. Hyde Park Venture Partners and Cahoots Holdings also participated.
Prospa raises largest ever Australian FinTech VC round
The Sydney-based company picked up A$25m ($19.18m) in a Series B round led by AirTree Ventures. Entrée Capital and Ironbridge Capital also participated in the round.
Banker’s Toolbox buys Integra Systems for OFAC file scanning tech
Banker’s Toolbox, a provider of AML compliance solutions, has purchased Integra Systems to add OFAC file scanning technology to its product suite.
