May 1, 2022
Accounting Tech, FinTech, Funding News
The main rumour is that Super Payments will aim at taking market share from Visa and Mastercard, amongst other big players in the payment space.
£600K for its AI-powered cashflow management platform
London fintech Monspire, helps small businesses predict cashflow needs, has raised £600K funding in a round led by Fuel Ventures.
A Censuswide study of 500 small business owners commissioned by Monspire found that 67% of entrepreneurs believe running day-to-day finances ‘actively distracts’ them from running their business. More than 60% did not consider themselves knowledgeable in business finance when starting their company.
Monspire that fills funding gaps raises £600K for its AI-powered cashflow management platform
We could say that the clue is in the name, but you’ve worked that out already. Taxfix is a Berlin-based mobile tax filing app.
With this new funding, Taxfix cements its development from a successful start-up to a major industry player. The company continues to invest in growth with plans to hire more than 100 new employees in the first quarter of 2022 to bring the total team size to more than 500 people.
Mobile tax filing app Taxfix attains unicorn status with $220M funding
They are changing the way small businesses access capital
They have plans to invest over £500M in 5,000+ businesses in 2022 and will increase its lending limit to £10 million per company.
Outfund gets £115M funding: UK-based lending fintech to invest over £500M in 5,000+ businesses in 2022
It’s basically BNPL for education and considering the cost of education, were surprised there aren’t more like this.
Founded by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company in 2021, zenda addresses pain points around the payment of school fees – in particular, the lack of convenience and flexibility in payment options.
MENA’s first fintech app for school fees scores $9.4M funding for its pay now, pay later model
No one is 100% but the word on the street is that they plan to take on Visa and Mastercard.
The details about Desai’s start-up Super Payments are still under wraps, but the report states that “it would be aimed at taking market share from the payments industry’s biggest names.”. Importantly, Samir Desai remains a non-executive director of Funding Circle will not be competing with the company he co-founded in 2010.
Funding Circle’s co-founder Samir Desai secures $30M to launch new payments startup
Inspired by the Founder’s own struggle, Pillar are on a mission to develop a new global financial platform that will provide immigrants with access to credit products when moving to a new country.
One of the big problems consumers face when moving to a new country is how to access the financial products that they need.
This startup helping immigrants and refugees carry their credit scores raises £13M
What does Starling plan to do with their latest raise? This will enable us to continue our growth and to build a war chest for acquisitions. We are looking at a number of potential targets,” a Starling spokesperson explained.
Starling did not reveal any further details about possible acquisition targets but now Starling has surplus capital of nearly £400M. However, they did reveal that they have a targeted M&A strategy that’s focused on selected lending originators.
Anne Boden’s Starling Bank braces for a wave of acquisitions with £130.5M funding at £2.5B valuation
Post Tags :
Accounting Tech, FinTech, Funding News
We are always on the lookout for stories and interviews for our Podcast and news section.
Copyright © 2022 Inside Fintech
Always be the first to know when our latest podcasts and news drops into your inbox.
