Allica Bank joins fintech unicorn club after £100m injection Fintech Small business lender Allica Bank will join the illustrious club of British fintech unicorns after securing a fresh funding round. The challenger bank is said to have netted $155m (£111m) in a Series D fundraise, which will take the firm’s valuation to $1.2bn and over the billion pound mark to declare unicorn status. The round [...]
Former Freshfields lawyers AI legal tech raises $30m in funding round Tech An AI-powered legal tech company founded by two former associates from Freshfields has raised $30m (£22.1m) in Series B funding
UK scale-ups face crisis as growth capital hits seven-year low Business Growth capital has hit a seven-year low on both volume and value with the UK start-up to scale-up pipeline “broken”, a fresh report has warned. Figures seen by Morning Wire revealed Series A funding – investments of £2m to £10m for startups looking to grow – had slumped to £2.4bn in the 12 months to [...]
9fin: Data start-up raises £40m for credit markets tech December 2, 2024 Financial data start-up 9fin has raised $50m (£39.3m) as it looks to grow a foothold in the market for debt and private capital research. The London-based fintech announced a Series B round led by growth capital investor Highland Europe. 9fin did not disclose at what valuation it had raised the money. It was reported a [...]
Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding September 25, 2024 London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.