FinTech news in Lightrock category

In 2014, Riverwood Capital and Antonio Soares — who now serves as Dock’s CEO — bought out 100% of Conductor and essentially created the company that is Dock today. The company’s client base includes fintechs, retailers, banks and technology companies that are focused on not only improving the customer experience for the currently banked population, but also on helping bring previously unbanked and underbanked consumers into the digital payments and banking systems.

Niyo co-founder and chief executive Vinay Bagri told journalist in an interview that the startup has amassed over 4 million customers across its banking and wealth management products. India Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market.

The approach is a relatively new one in the U.K., although Fenwick believes that this will likely (and rapidly) evolve not just because HELOC businesses like Selina’s are being given the green light, but because of the ubiquity of home ownership; and the fact that more people, as they move around less due to the pandemic, have turned their attention to spending bigger amounts on things like home renovations or less-frequent but much bigger vacations.