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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

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London startup mobile bank Revolut Ltd. billion valuation as part of its Series D round that kicked off five months ago. The new funding is an extension of that round to $580 million while the valuation remains the same, the company said. has secured $80 million in new funding at a $5.5

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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

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In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). FLEETCOR Buys AFEX To Boost Cross-Border Payments.

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China's Central Bank Tells Ant Group To Concentrate On Payments Business

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The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng. Ant's much-anticipated double IPO was nixed earlier this year by the government.

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London FinTech Revolut Looking To Buy Rivals Hit By COVID-19

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Although the startup lost revenue due to decreased card usage worldwide amid COVID-19, it’s still in a solid position. . Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad. Revolut raised $500 million in February, which upped its valuation to $5.5

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TransferWise Teams With Alipay For Money Transfers In China

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Founded in 2011 by Estonian friends Käärmann and Taavet Hinrikus, the startup set out to make foreign exchange fees more transparent. TransferWise has a valuation of $3.5 The startup has raised a total of $772.7 billion following its last funding round of $292 million in May 2019.

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US B2B Startups Fail To Land On The Board

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million to B2B startups. Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. Still, B2B startups continue to land on VCs’ radars. foreign exchange payments company FairFX scored nearly $7.5

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. The Access Group , a U.K. According to BusinessLeader.co.uk