U.K.-based data and payments fintech Moneyhub raised $17.7 million in a December venture round led by London-based Phoenix Group.

The investment follows an October funding round led by Legal and General, Lloyds Banking Group and Shawbrook Bank that raised $41.5 million, according to a Moneyhub release. The fintech plans to use the funding for its solutions development.

“This additional investment from Phoenix Group, following our long-standing commercial relationship with its Standard Life business, is further testament to the growing possibilities the industry sees in open data, and the transformational role Moneyhub can play,” Moneyhub Chief Executive Samantha Seaton said in the release.

The latest funding round brings Moneyhub’s total amount raised to $81.6 million, according to Crunchbase.

J.P. Morgan takes a stake in Viva Wallet

J.P. Morgan closed a 48.5% ownership stake in cloud-based neobank Viva Wallet, a deal that was announced in January 2022.

The transaction supports J.P. Morgan’s European expansion and follows its November announcement to open a payments innovation lab in Greece, according to a J.P. Morgan release. Viva Wallet is based in Athens.

“With its strong platform and omnichannel merchant acquiring capabilities, Viva Wallet is primed to build on its leading position with small and midsize businesses in the region,” Takis Georgakopoulos, global head of J.P. Morgan Payments, said in the release.

Updraft secures $9.5M series A

London-based Updraft secured $9.5 million in series A funding in December led by Auluk Investment and Nueva Investment Partners.

The financial planning app has raised a total of $252.8 million over nine rounds of funding from investors including NatWest Bank, according to Crunchbase.

“We have big ambitions planned for 2023, and this recent fundraiser puts us in a great position to help even more people,” Updraft Chief Executive Aseem Munshi said in a release.

BondAval funding reaches $23.5M following series A

Digital B2B credit security platform BondAval received $14.2 million in a series A funding round in December led by Talis Capital.

London-based BondAval will use the money to expand its team and its outreach globally, according to a release.

“We look forward to increasing access to more favorable financial security for all parties involved in B2B credit transactions and demonstrating more applications for our MicroBonds,” BondAval Chief Executive Tom Powell said in the release.

The investment brings BondAval’s total funding to $23.5 million, according to Crunchbase. Other investors include Expa, FJ Labs, Octopus Ventures and TrueSight Ventures.

Editor’s note: All dollar amounts listed in U.S. dollars.

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