The Naga Group lands €12.5m to grow social trading app SwipeStox
The Naga Group, the company behind social trading app SwipeStox, has picked up €12.5m in a Series A round from Chinese investment fund Fosun.
Monzo closes £22m round with £2.5m in crowdfunding
Challenger bank Monzo has wrapped up its latest funding haul with £22m after raising £2.5m in crowdfunding. The London-based attracted a record-breaking 6,5000 investors.
Savings app Squirrel crowdfunds fresh £585,000
Savings app startup Squirrel has secured £585,000 in a crowdfunding campaign on SyndicateRoom, surpassing its £400,000 target. The capital comes from a group of 70 investors.
Clarity Money grabs $11m for financial wellbeing app
Financial wellbeing app Clarity Money has landed $11m in a Series B round co-led by RRE Ventures and Citi Ventures. Bessemer Venture Partners and Maveron also participated in the funding.
Moneytree lands $9m to expand beyond Japan
Japanese financial management platform Moneytree has picked up ¥1bn (~$9m) in a Series B funding round. SBI Investment led the round for the Tokyo-based company.
Private Equity firms partner for WealthTech platform
Mid-market private equity firm Parethenon Capital Partners and M2 have teamed up with former Matrix Financial Solutions president John Moody to launched a wealth management platform.
Freetrade pockets £1.1m on Crowdcube for stocks app
Stockbroking app Freetrade has smashed through its latest crowdfunding target on Crowdcube to secure £1.1m in just 12 days.
Student banking startup BankMobile sells for $175m
Student-focused challenger bank BankMobile is being sold by its parent company Customers Bank for $175m to Flagship Community Bank.
SME bank and CRM PayQix secures $11m of $21m haul
Online banking and transaction management startup PayQix has closed $11m in funding from an unnamed international multi-strategy focused family office.
Kid-friendly banking app Current picks up $3.6m
Mobile banking and payments platform Current has closed $3.6m in a seed funding round. Existing backers Expa and Human Ventures contributed along with Future Perfect Ventures.
