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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

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In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX).

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TransferWise Teams With Alipay For Money Transfers In China

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Founded in 2011 by Estonian friends Käärmann and Taavet Hinrikus, the startup set out to make foreign exchange fees more transparent. TransferWise has a valuation of $3.5 The startup has raised a total of $772.7 that also included a TransferWise Borderless multicurrency account. .

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. The Access Group , a U.K.-based According to BusinessLeader.co.uk

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US B2B Startups Fail To Land On The Board

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million to B2B startups. Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. Still, B2B startups continue to land on VCs’ radars. foreign exchange payments company FairFX scored nearly $7.5

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. While Automation Anywhere’s funding was the largest of the week, its valuation is not the biggest.

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B2B eCommerce Tips The VC Scales

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More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. India-based expense management startup Fyle announced $4.5

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Is B2B FinTech Heating Up At The Wrong Time?

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Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Consumer-focused FinTech players continue to receive the bulk of support, with peer-to-peer FinTech startups grabbing 22 percent of the value in U.K.

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