UK trading platform eToro to go public in $10bn SPAC deal
Trading giant eToro has confirmed reports that it is due to list via a $10bn SPAC deal. The Israeli fintech announced it would go public at a valuation of $10.4bn after merging with FinTech Acquisition Corp. V (FinTech V), a publically-traded SPAC run by American businesswoman Betsy Cohen. A SPAC (special-purpose acquisition company) is a way for companies to go public without going through all the hassle and expense of an IPO (initial public offering). Cohen founded Bancorp, a bank holding company based in Minneapolis, in 1999 and subsequently FinTech V, which raised $250m when it listed on the NASDAQ in December 2020. As part of the deal, eToro will […]
UK fintech SumUp raises €750m
UK fintech startup SumUp has raised €750m (£643m, US$893m) from several investors including Goldman Sachs and Bain Capital Credit.
Zego scoops $150m, securing its position as the UK’s first insurtech unicorn
Zego has cemented itself as the UK’s newest insurtech unicorn, just two days after Starling Bank joined the ranks.
Scottish Equity Partners takes significant stake in Glasgow-based fintech
Scottish Equity Partners (SEP) has completed a significant growth equity investment in Glasgow-based fintech firm AutoRek.
Starling Bank surpasses £1bn valuation with latest funding round
Anne Boden’s fintech challenger Starling Bank has raised £272m in a funding round that values the company at £1.1bn.
Fintech startup ClearGlass Analytics closes $3.6m for pension funds transparency platform
Fintech startup ClearGlass Analytics has closed a £2.6 million ($3.6 million) funding round for its platform.
UK life insurer acquires fintech business
UK-based mutual insurer Royal London has agreed to buy fintech firm Wealth Wizards from LV= for an undisclosed sum.
UK P2P lender JustUs secures over £1.3m in capital to disrupt lending with better crowdfunded financial products
JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products.
