FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Top 5 Fintech Raises: Deliveroo, Yunnex, TransferWise

Grace NotobyGrace Noto
August 8, 2016
in Archive, Banking, Payments
Reading Time: 2 mins read
0
Share on Facebook

Fintech funding is growing scarce? Maybe, but there are still plenty of big raises to speak of.

The five biggest fintech raises this week range from a certain money transfer service in London, to microfinance in Mexico, to the first ecommerce platform developed solely for the sale and distribution of booze (c) Can Stock Photo

  1. Deliveroo, a rival of Just Eat and the recently launched UberEats in Europe, has raised $275 million in funding in a Series E, bringing its total valuation somewhere around $1 billion, though the company has declined to release the exact number. Users of the service order their food through the Deliveroo app or website, where its web or mobile service is integrated with restaurant point-of-sale order terminals. The company does not accept cash payments, however, as it says in its own words, “People still use cash? Really, son? This is the new millennium, we don’t party like it’s 1999.” After this last round, the company’s total funding amounts to $474.6 million, which thus far makes it steady competition for UberEats and the like.
  2. Yunnex is a smart point-of-sale (POS) solutions provider that provides customers with an internet-based POS device to incorporate two-dimensional bar codes, e-commerce platforms and similar services in addition to the payment function. Based in Guangzhou, China, Yunnex raised $45 million in a Series B this week, bringing its total funding to $61 million in two rounds, with a total of three investors.
  3. TransferWise is among London’s best-known fintech startups. Its goal is to allow customers to move money globally without the traditional fuss and fees involved. Brexit notwithstanding, the money transfer service has raised $26 million in a Series E, bringing the company’s total funding up to $142.4 million in seven rounds with thirteen investors. A total of four investors participated in this most current round, with the lead being Baillie Gifford.
  4. Drizly is the “Amazon Prime of booze,” founded by two enterprising young Boston College graduates. Customers can order a wide variety of wine, beer, and spirits from the Drizly platform (as well as from Drizly Connect, launched early this summer) raised $15 million this round in a Series B. This brings its total funding up to $33 million, in 6 rounds with 27 participating investors, including this round’s lead, Polaris Partners.
  5. Mexico City-based microfinance institution Kubo Financiero raised $7.5 million in a Series A, bringing its total funding up to $11 million in five rounds with seven investors. Kubo Financiero is a regulated P2P lending microfinance platform, which provides loans from $400 up to $4,100 USD to its customers that can be used for education fees, supplies, or as working capital.

 

Tags: fintechmicrofinancestartupsTransferWise
Previous Post

Disney Adds Messaging Service for Kids with Games (and Payments?)

Next Post

Innovation Helps EverBank Score a Higher Acquisition Multiple

Related Posts

Fifth Third takes 'head-to-head' approach with fintechs, big banks
Banking

Fifth Third using AI to assist Comerica Bank acquisition conversion

July 17, 2026
The outside of Truist's headquarters, Charlotte
Banking

AI boosts Truist’s client interactions in Q2

July 17, 2026
wells
Banking

Wells Fargo’s AI Teammate helps advisers streamline tasks

July 17, 2026
Next Post

Innovation Helps EverBank Score a Higher Acquisition Multiple

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account