Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank

Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale is a triumph.

Tiger Global, Microsoft to fully exit Walmart-backed PhonePe via its IPO

Tiger Global and Microsoft are offering up their full stakes in the company, while Walmart is choosing to retain its majority stake, and selling up to 45.9 million shares.

Why A Fintech Unicorn Is Donating Millions To Start A Credit Union

Aven, a startup valued at $2 billion that offers a home equity line of credit (HELOC) through a credit card, says credit unions are a proven way to lower consumers’ borrowing costs.

Allocation Strategy secured £1.6M to advance asset allocation technology

London-based Allocation Strategy, a companydeveloping analytics tools to support asset allocation and investmentdecisions, has raised £1.6 million in a funding round led by Fuel Ventures,with particip…

French accounting software platform Pennylane raises $200M

French accounting software platform Pennylane has raised $200m in a funding round, but says it had no immediate need for the fresh funds. The round was led by growth investor TCV, with Blackstone Gr…

Three-quarters of UK fintech founders use AI to speed up recruitment, says survey

Three-quarters of UK fintech founders are using AI to identify candidates and speed up recruitment, says a new survey.But findings from the survey also show that human judgment remains critical to ens…

Klarna launches peer-to-peer payments across Europe

Klarna is launching a service which allows its customers to send money to each other through its app, as it continues its shift to reposition itself as a bank. The Swedish fintech, best known as a BNP…

Klearly secures €12M for restaurant payments system

Amsterdam-basedKlearly, a payments platform for restaurants, bars, and clubs, has raised €12million in Series A funding, bringing its total capital raised to €20 million.The round was led by PayPal Ve…

The Future Of Venture Capital: Strategies That Win

What is noise and what drives real performance in innovation investing? Only four strategies consistently explain venture outcomes.