TruRating clinches $16.5 million in latest funding round as it looks to further global expansion
UK mass-market ratings system, TruRating has today announced that it has raised $16.5M AUD (£9.5M GBP) in Series A funding, which will be used to further propel the company’s expansion into global markets and enable TruRating to further develop new technology to provide additional value to consumers. This funding round was led by Sandaire, wealth management specialist, and private family investment group, bringing the company’s total amount of investor-lead funding to $23.85M AUD (£13.7M GBP), following prior rounds of angel and seed funding totaling $7.3M (£4.2M GBP)**. On the importance of the investment, TruRating founder and CEO Georgina Nelson said: “We have had an incredible year and securing this […]
Fintech investment surges in Q1 but does that mean the Kodak moment nears for banks?
There was a resurgence of activity in the financial technology (fintech) universe in the first quarter of the year after signs of potential rapid deflation at the end of 2015. According to KPMG’s latest The Pulse of Fintech report, the March quarter saw funding to the fintech sector rebound with total investment in fintech companies hitting US$5.7 billion. Globally, Venture Capital-backed fintech companies drew $US4.9 billion in funding, rising from just $US1.9 billion in the fourth quarter of 2015. The report identified larger deals, concentrated in Asia, played a major role in the rebound with 13 $US50 million+ rounds to VC-backed fintech companies, a slight rise from 10 such deals in […]
London wants to pinch best Aussie fintech start-ups | afr.com
This is a very interesting article from the Australian Financial Review on how the UK Government is really getting behind FinTech companies and how Australia could lose some of it’s biggest and brightest to the UK. Great to see so many Australian FinTech companies doing well. Ten of our most promising fintech companies will be flown to London next month by the British government, which is trying to lure start-ups to the UK as the global war for innovation talent heats up. Source: London wants to pinch best Aussie fintech start-ups | afr.com
FinTech Investments Quadruple: Top Trends To Watch
Investments into FinTech startups recently quadrupled, growing from just over $3 billion in 2013 to over $12 billion in 2014. And consider alongside that another trend showing that crowdfunding will surpass VC in 2016 as a funding source–given that crowdfunding itself is a segment of the FinTech market. Source: FinTech Investments Quadruple: Top Trends To Watch
