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Category: Fintech and Finance

Bank dividends face manageable stresses but there are some wildcards

Regulators signalled that they will keep monitoring banks’ balance-sheet strength as economic conditions change, and they hold the options of extending the dividend caps and buyback suspensions

VC-backed health insurance platform Oscar scores $225m investment round

Online health insurance platform Oscar has closed a new funding round on $225m as it looks to continue its growth.

Swathe of big-name finance firms pour capital into fintech platform Capital Markets Gateway

Capital Markets Gateway, a FinTech business specialising in equity capital markets, has secured a strategic investment of $25m from a string of big-name financial firms.

French digital startup Memo Bank raises €20m in BlackFin Capital-led Series A

FinTech startup Memo Bank has raised €20m in a Series A round led by BlackFin Capital.

HSBC recruits Deutsche veteran to lead investment banking unit

Adam Bagshaw has spent the past 14 years at Deutsche Bank and also headed up its financial sponsors business in Europe

FTV Capital follows $1.2bn fundraise by backing capital markets fintech platform Derivative Path

Hot on the heels of raising $1.2bn for its biggest ever fundraise, FTV Capital has bought into capital markets financial technology and services company Derivative Path through a $35m growth equity funding.

Healthcare payments app Cedar nets $102m Series C led by Andreessen Horowitz

Cedar, a FinTech company hoping to simplify the financial experience for patients, has netted $102m in a Series C round led by Andreessen Horowitz.

Ontario Teachers Names New Director of Equities

Ontario Teachers’ Pension Plan Board has named Karen Frank as its new senior managing director of equities. Beginning in Fall 2020, Ms. Frank will lead the group’s equities department and will report to Chief Investment

Rothschild Adds New Automotive Managing Director

Rothschild & Co has added Colin Cropper to its advisory business as a managing director. Mr. Cropper joins from RBC Capital Markets and he will be based in New York. At Rothschild, Mr. Cropper will

Consortium in €20m series-A round for Memo Bank

BPI France, BlackFin Capital Partners, and Daphni have led a €20m series-A funding round for Memo Bank, a French online bank targeting small and medium businesses.

Mediobanca, Russell Investments launch third private market fund

Mediobanca Private Banking, in partnership with Russell Investments, has launched its third fund dedicated to private markets, Mediobanca Private Markets Fund III.

Abante, Altamar to manage Mapfre fund-of-funds

Spanish insurance company Mapfre has launched a new private equity fund-of-funds in partnership with Spanish GPs Abante and Altamar Private Equity.

Ares leads ‘world’s biggest unitranche loan’ with £1.875bn Ardonagh Group financing

Ares Management has led what it says is the biggest-ever unitranche loan through the £1.875m financing for insurance broker The Ardonagh Group.

Lightyear Capital buys into PE-backed digital insurance broker Health Plan One

Financial services-focused private equity house Lightyear Capital has agreed to buy an indirect controlling stake in digital insurance broker Health Plan One.

Financial services cloud marketing software, services business FMG Suite gets Aurora Capital Partners backing

FMG Suite, a SaaS company specialising in cloud-based marketing software and services for financial services professionals and insurance agencies, has picked up a new funding round led by Aurora Capital Partners.

Has Checkout.com just become Europe’s most valuable FinTech startup, after tripling valuation to $5.5bn?

London-headquartered Checkout.com has just raised a $150m Series B funding round that saw it triple its valuation to $5.5bn, making it one of Europe’s most valuable FinTech startups.

Even closes second funding round in less than a year

Even, which integrates with attendance, payroll and banking systems, has closed an investment round, less than a year after its former round.

Spanish groups launch fund of funds with €250m in commitments

The new fund set up by the insurance company Mapfre and asset managers Altamar Capital and Abante will focus on the US and Europe

Carlyle, Oak Hill fold businesses into new brokerage distribution, underwriting platform Galway

Carlyle and Oak Hill Capital have teamed up to launch diversified brokerage distribution and underwriting platform Galway Insurance.

Fund VI Largest Ever for FTV

FTV has closed its sixth and largest fund to date, FTV VI LP, at its hard cap of $1.2 billion. The firm’s earlier fund closed in September 2016 at its hard cap of $850 million.

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