Daily Fintech Newsletter | February 5th, 2021
Climate change fintech Aquaoso raises $2 million
Hi!
In case you missed it, please see below today's most relevant fintech news.
AQUAOSO Technologies announced the completion of a $2 million capital raise. Aquaoso is a public benefit water tech company that reduces financial risk for lenders and investors by providing insight into the impact of water stress. The platform ensures financial institutions spend 85% less time gathering data and 50% less time closing deals. According to the U.S. Intelligence Community Assessment of Global Water Security, by 2030 humanity’s “annual global water requirements” will exceed “current sustainable water supplies” by 40%. By finding innovative ways to more efficiently identify and monitor water risk, Aquaoso experienced impressive growth in the past year. Read more here.
Routefusion, an Austin-based startup that helps tech companies embed cross-border payments in their applications, has raised $3.6 million in seed funding. Link here.
Nigerian start-up, Cowrywise, has closed a $3 million pre-Series A funding round. Link here.
The global payment service provider SumUp has acquired the core banking system provider Paysolut, founded in Lithuania. Link here.
Payments provider Checkout.com has made two new senior hires with the addition of Ott Kaukver and Nick Worswick to its C-suite. Link here.
Ireland’s largest peer-to-peer lender, Linked Finance, has appointed a new CEO Niall O'Grady to take over from Niall Dorrian, who is stepping down. Link here.
five°degrees announced the appointment of Reza Warnink as its new Chief Commercial Officer. Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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