Month: October 2020

The transforming retail space to grow digital payments market to be worth $154.1bn by 2025

The digital payment industry is set to grow to be worth $154.1bn by 2025, according to new research. Given the market is expected to be worth $79.3bn in 2020, that represents a compound annual growth rate of 14.2% over the next five years, according to MarketsAndMarkets. The growth is driven by two things: the transforming …

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Cyberpion to boost sales and marketing with close of $8.25m seed round

Security platform Cyberpion has closed its seed round on $8.25m to help it increase its sales and marketing efforts. The investment capital will also be used to expand the product development efforts for its Ecosystem Security™ platform. Team8 Capital and Hyperwise Ventures co-led the investment. Cyberpion empowers security teams to identify and neutralise the rising …

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Upside Saving moves past its crowdfunding target to reach £325,431

Upside Saving, which helps people to make savings through cashback, has raised £325,431 in a crowdfunding campaign which has exceeded its target. The funding, which is being raised on the Seedrs platform, still has another seven days left. There have been 264 investors to back the fundraise and a total of 6.96% of the company’s …

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Global WealthTech investment bounced back in Q3 to hit highest level in 12 months

WealthTech companies raised $2.8bn in the third quarter of 2020 across 111 transactions, a five-quarter high for deal activity Global WealthTech funding had a slow start to 2020 as rising concerns about the economy caused by Covid-19 and huge losses at leading challenger banks such as Monzo, Revolut and Starling deterred investors. Only $3.3bn was invested in …

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Evolve Credit said to receive an investment from Microtraction

Nigeria-based loan marketplace Evolve Credit has reportedly received an investment from Microtraction, an early-stage investor focused on African startups. The deal will see Evolve Credit receive $25,000 in exchange for a 7% stake in the business, according to a report from Innovation Village. Through Evolve Credit, users can access personal or SME loans from a range …

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