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Tag: FinTech

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Israeli Digital Payment Solution Startup Melio Valued at $1.3b

Timo Dreger,
The startup raised another $110 million, as business increased more than 20-fold during the coronavirus crisis By Amitai Ziv Melio, the startup that provides digital payment solutions for small businesses, finished an astounding year by raising $110 million, based on a valuation of $1.3 billion. Melio has developed a digital platform that allows small businesses Read More
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Ant Group’s valuation seen dropping to $108 billion on crackdown

Timo Dreger, 0 comment
Ant Group Co.’s valuation may be cut further under new measures proposed by China to curb market concentration in its online payments market, according to new estimates from Bloomberg Intelligence. Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Read More
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Online bank Monzo valued at £2bn following £113m funding round

Timo Dreger,
Funding round includes Y Combinator Continuity, Latitude Venture Partners, General Catalyst and Stripe Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion (£2 billion), making it one of the UK’s most highly valued fintech companies. Monzo last raised funding late last year at a valuation of Read More