by Florin Oprea
P2p Finance News
Prodigy Finance has raised $40m from an equity funding round, led by venture capital firm Index Ventures, with participation from existing investor Balderton Capital and AlphaCode.
The London-based fintech start-up also said it has secured a $200m debt facility led by a global investment bank.
FAO: Total equity funding raised by Prodigy Finance is $52.5M, in two rounds. The previous round was completed two years ago.
Redis Labs has raised $44 million in Series D funding. This brings the company to $86 million in total funding to date. The round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital.
FAO: Looks like a very good week for VC funding so far…
Yuvraj Malik – Livemint
Digital lending firm Capital Float has raised $45 million in a series C round led by Palo Alto-based fin-tech investor Ribbit Capital, with substantial participation from follow-on investors SAIF Partners, Sequoia India and Creation Investments Capital Management.
FAO: Capital Float provides working capital finance to SMEs in India.
Mac Wang, head of growth for Stripe Australia and New Zealand, said it was attracted to the New Zealand market by its strong economy and the number of new tech companies that were looking to go global quickly.
FAO: You can read more about the Collisons’ plan to “take over the world” – in an article last week.
EarnUp, a consumer-first financial technology platform that intelligently automates loan payments, announced the launch of its application this week.
FAO: EarnUp has raised $3m in a seed funding round last year.
Ryan Browne – CNBC
Starling doesn’t have a single physical branch, and relies entirely on a mobile phone app.
Nurudeen Shotayo – Pulse
The University of Cape Town (UCT) has become the first university in Africa to offer a degree in Financial Technology.
FAO: There you go! We keep our promises. Here’s a new educational initiative worth mentioning in our bulletin.
FinTech Hive at DIFC commenced its inaugural accelerator programme with a select group of 11 finalists.
The accelerator programme, launched in partnership with Accenture, is a key component of FinTech Hive at DIFC. It consists of a 12-week curriculum in which a group of selected finalists work closely with financial institutions and other stakeholders.
FAO: DIFC’s FinTech Hive has received over 100 applications from more than 32 countries – as reported here, during our soft launch. A lot of fintech initiatives in UAE. But you already know that, since UAE has become a constant presence in our bulletins lately.
Madhvi Mavadiya – Forbes
With the evolution of technology, people are becoming increasingly impatient when it comes to getting what they want and when they want it.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News