The $130 million investment includes Tiger Global and Stripe.
Investec leads first close of Series C as part of strategic partnership and increases stake in Monese.
Partnership will improve access to credit by enabling banks to quickly and easily embed and offer alternative lending options.
The ‘milestone’ was reached after it lent more than £450 million to UK SMEs in 2020.
The acquisition is part of Goldman Sachs’ strategy to boost its consumer banking offering, Marcus.
The Series C fundraising ‘marks the beginning of a global rollout’ as Form3 eyes US market.
Competition in the buy now, pay later market is increasing, after Monzo launched ‘Monzo Flex’ and Curve unveiled ‘Curve Flex’ on the same day.
Token and Open Banking Expo have published the results of their joint survey on VRPs and sweeping, in light of the CMA’s recent decision.
The company has used its recent funding round to enter the country, where it has appointed Julien Lamour as country manager.
Basiq’s founder said that the partnership will ‘help realise Open Banking’s potential outside of retail banking’.
