BNPL Startup Tabby from Dubai secures largest Fintech financing in Gulf region at $150m

Dubai-based payments and shopping app Tabby has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). This is Atalaya Capital Management’s first transaction in the MENA region. The announcement comes a few months after Tabby announced its Series B expansion earlier this year. The latest round brings […]

Unicorm Alarm in Mexico: Fintech Stori has secured $150M at a Valuation of $1.2B

Stori, the Mexican fintech company that offers credit card products to Mexico’s underserved population, has secured $150M at a valuation of $1.2B. With this round, the Mexican company has reached unicorn status. Stori’s latest funding comes just nine months after raising the largest Series C rounds and includes a $50M equity investment from BAI Capital, […]

Logistics-focussed fintech 4Trans lands €18M to transform Europe’s hauliers

Czech Republic-based 4Trans, a fintech company that specialises in financial products for supply chain and transportation firms, has raised €18M in funding from investors such as Atmos, Tera Ventures, and Lighthouse. Advance Global Capital has also provided the firm with a revolving credit facility. Revenue increased 10-fold The raised capital will be used to boost […]

⁣Wealthsimple , valued at $4B last Year, joins the FinTech Layoffs List

Canadian fintech giant Wealthsimple, which was valued at $4 billion as of last year, is laying off 159 people – or about 13% of its staff.⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⁣⁣The Toronto-based company has been a leader in the realm of democratizing financial products for consumers, including stock trading, crypto asset sales and peer-to-peer money transfers.⠀And now it appears that […]