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Fintech

London fintechs plot expansion drives after fundraising wins

Successful cash calls by Onfido and OpenGamma should lead to recruitments in London as they expand

Two London fintech companies have raised $60m between them from a range of investors, including Japanese technology conglomerate SoftBank and venture capital outfit Dawn Capital, a sign that interest in the sector remains keen following a record year for fundraising in 2018.

Onfido, which makes identity verification software, said on April 2 it had closed a $50m fundraising round, with commitments from SoftBank and Salesforce Ventures, the investment arm of the cloud computing company.

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