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Latest Results from /startups

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Revolut vets launch crypto exchange

A group of former Revolut staffers have raised $6.5 million for hybrid cryptocurrency exchange X10.

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Gideon Valkin launches $12 million fund to back Europe’s fintech Mafia

Gideon Valkin – formerly of Monzo, ClearScore and Entree Capital – has closed on a $12 million fintech venture fund, Adrena Ventures, and made his first investment in Nustom, an AI startup founded by Monzo’s co-founding CTO Jonas Templestein.

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Pomelo raises $35m for credit-building remittance product

US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.

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Allica Bank reports first profitable year

SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.

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Manchester Digital launches manifesto to boost fintech in the North

Manchester Digital has launched a Manifesto for the Northern Tech Economy ahead of the mayoral elections that will take place on May 2nd.

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Ex-N26 staffers raise €35m for embedded finance startup

Finmid, a German financial infrastructure provider targeting B2B marketplaces, has emerged from stealth with €35 million in early-stage equity funding.

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Report calls for more support for female founded fintechs

UK startups outside of London should have more than one founder, ensure gender diversity and join an accelerator, according to the findings of a recently published report.

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Standard Chartered invests in ethical finance startup Algbra

Standard Chartered's venture arm has invested in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. Terms were not disclosed.

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Ex-PayPal CEO Schulman joins Valor Capital

Former PayPal and American Express boss Dan Schulman is joining Valor Capital Group, the cross-border venture fund focused on bridging the US and Latin American technology markets.

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PE software startup raises £11m

Pactio, a UK-based fintech focused on the private equity (PE) market has completed an £11m series A funding round

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China central bank launches $70bn tech lending programme

The People's Bank of China (PBoC) has announced a re-lending scheme designed to boost the country's science and tech sector.

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Fintech funding slides to 7-year low

Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.