FinTech News

Stripe

An exciting announcement saw Stripe become the most valuable private company in Silicon Valley. Following a round of funding, Stripe’s value sored to ￡69billion. The company build software allowing businesses to process payments online. Founded by Irish brothers Patrick and John Collins they each have a 12 percent stake in the business worth a whopping ￡8.3billion each.

eToro

eToro are to go public through a $10billion merger with VSPAC. As part of the merger both companies will raise $650million by selling shares to companies such as Vision Fund 2 and Third Point. eToro, a trading app, was founded in 2007 and has since expanded into 100 countries. The business has 20 million users worldwide. Interest in amateur investing has boomed since the start of the pandemic and the company gained 1.2 million new users in January alone.

Yap

During its Series B round of funding, Yap raised $10million which was co-led by Flourish Ventures and Omidyar Network India. Yap’s platform allows digital platforms, FinTech companies and offline businesses to bring customised solutions to the end user. The app connects businesses to other FinTech platforms and non-banking finance companies.

Lots of positive news continues to come from the industry which is exciting for the remainder of 2021.

Redimeer continue to work with a variety of FinTechs supporting their growth. We would be excited to hear how we can help your business going forward. Please contact me at [email protected] or 07305464893 if you are interested to have a conversation.