Tagged: funding round

March 7, 2024 @ 12:00 pm By Omar Faridi  |  

Crypto-focused firm Zama has reportedly secured $73 million in funding via a Series A round that included contributions from Multicoin Capital and other investors. Zama, which is described as an open-source cryptography platform that assists developers with creating privacy-preserving apps, confirmed its latest Series A… Read More

March 6, 2024 @ 8:40 am By Omar Faridi  |  

Synctera, an enabler of embedded banking and finance, announced that it had raised an $18.6 million extension to its 2021 Series A round. Lightspeed and Fin Capital co-led the round, alongside participation from previous investors NAventures and Diagram. New investors include Banco Popular and Mana… Read More

March 5, 2024 @ 11:41 am By Omar Faridi  |  

ESProfiler, the British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital. This milestone builds on the momentum from angel investments received in 2023. Founded to tackle the inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a key player in the… Read More

March 5, 2024 @ 8:52 am By Omar Faridi  |  

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

March 5, 2024 @ 8:39 am By Omar Faridi  |  

tZERO is sharing that the McNeill Investment Group is raising money on its Securities platform. tZero has inched into online capital formation, having listed several securities offerings. The platform is listing the offering under Reg D 506c and is thus only available to accredited investors…. Read More

March 3, 2024 @ 9:38 pm By Omar Faridi  |  

Taiko has acquired $15 million via a Series A round, bringing its total outside investments to $37 million. The initiative’s developers claim to be working on an Ethereum-equivalent ZK rollup with “based sequencing” – both described as being technological innovations. However, Taiko currently faces an… Read More

February 29, 2024 @ 9:35 pm By Omar Faridi  |  

NayaOne has announced a $4.7 million funding round led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. This investment is a testament to NayaOne’s growth and potential “to transform financial services with its… Read More

February 28, 2024 @ 9:35 pm By Omar Faridi  |  

Helcim reports that it just raised a CA$27 million Series B financing round, following their Series A raise in 2022. The Helcim team has highlighted some of their experiences through this process and what it means for the future of Helcim and their merchants. Helcim… Read More

February 28, 2024 @ 7:51 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) and Citi (NYSE:C) have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks “with other leading strategic investors… Read More

February 23, 2024 @ 2:00 pm By Omar Faridi  |  

Singularity, founded in late 2022, says it has concluded its second funding round at the end of 2023, with this round reportedly led by Gumi Cryptos Capital. The funding will support the development of its protocol, “aimed at facilitating compliant access to DeFi as well… Read More

February 20, 2024 @ 4:30 pm By Omar Faridi  |  

In response to continued demand for better consumer engagement tools for the digital channel, Pulsate, provider of mobile-first engagement solutions that deepen digital banking relationships and cut through noise in consumers’ moments of need, announced it has raised $7.75 million in Series A funding, led… Read More

February 16, 2024 @ 9:17 am By Omar Faridi  |  

Blueprint Finance emerges from stealth with $7.5M in funding. Blueprint’s flagship product is the Concrete Protocol, an appchain purpose built for on-chain debt and credit. Concrete powers higher yields, liquidation protection, and advanced predictions across all of DeFi, starting with money markets. The financing was… Read More

February 15, 2024 @ 10:12 pm By Omar Faridi  |  

Bold, a financial technology company enabling access to electronic payments in Colombia, today announced that it has raised $50 million in Series C funding led “by existing investor General Atlantic, a global growth investor, with participation from the International Finance Corporation (IFC), a member of… Read More

February 14, 2024 @ 6:13 pm By Omar Faridi  |  

Kema, a UAE fintech platform founded by ex-Mumzworld.com co-founder Michael Ghandour, says it has raised a $2 million pre-seed round led by Speedinvest with participation from the Dubai Foundation District Fund (DFDF). Kema claims that it transforms “how businesses sell to one another (B2B) by… Read More

February 14, 2024 @ 5:59 pm By Omar Faridi  |  

Fordefi has revealed a $10 million seed extension round. Fordefi’s goal is to fuel web3 adoption as they launch their wallet-as-a-service (WaaS) that is said to enable exchanges, Fintechs, and Web3 businesses to offer users a user-owned wallet directly within their applications. Fordefi claims it… Read More

February 14, 2024 @ 5:55 pm By Omar Faridi  |  

Sibli (formerly Responsibi), a company that aims to change the investment research process using AI [artificial intelligence], has announced a $4.5millio Seed round led by Staircase Ventures, a firm overseen by Janet Bannister. The deal included participation by The Group Ventures, Burst Capital, MaRS IAF,… Read More

February 11, 2024 @ 10:28 pm By Omar Faridi  |  

Pennylane has reportedly raised €40M from Sequoia Capital and other investors, reflecting steady growth over the past two years. The company is also reporting a significant increase in the number of VSE-SMEs on its platform in 24 months thanks to the adoption of the tool… Read More

February 7, 2024 @ 11:25 pm By Omar Faridi  |  

Tuum has reportedly secured a € 25m Series B investment, spearheaded by CommerzVentures and “bolstered by Speedinvest, along with the continued support of our existing investors.” Tuum‘s said the funding round underpinned their “dedication to spearhead a banking revolution with agile, expansive solutions.” Tuum has… Read More

February 6, 2024 @ 9:01 am By Omar Faridi  |  

Tether, which claims to be the largest company in the cryptocurrency industry, has announced its investment in Oobit, a mobile payment application. The Series A investment round has concluded “with $25 million raised for Oobit’s ongoing development, supporting its goal of mainstream cryptocurrency adoption.” This… Read More

January 30, 2024 @ 7:33 am By Omar Faridi  |  

Portal, a Fintech pursuing “financial self-sovereignty” with technology to access Bitcoin and other cryptocurrency markets, announced it has exited stealth mode and raised $34 million in seed funding. Investors that participated in the round “include Coinbase Ventures, Arrington Capital, OKX Ventures and Gate.io, as well… Read More