Tagged: funding

Payments Fintech Ansa Secures $5.4M to Make Significant Impact on Micro Transactions

Ansa announces a digital wallet infrastructure platform for merchants, alongside its first round of funding of $5.4 million. The investment round was “led by Christina Melas-Kyriazi at Bain Capital Ventures with participation from Nimi Katragadda at Box Group, Nichole Wischoff at Wischoff Ventures, Cambrian Ventures,… Read More

Quantum Engineering Firm Riverlane Finalizes £15M Series B to Support Useful Quantum Computing

Quantum engineering company Riverlane announced it has raised £15 million in a Series B funding. The investment round was “led by Molten Ventures and included participation from simulation, high-performance computing (HPC), and artificial intelligence leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital… Read More

UK’s Assetz Capital Funds £2.83M Loan for Residential Development in South London

Assetz Capital, which claims to be one of the UK’s leading alternative finance providers, has announced that it has “funded a loan of £2.83 million for a new residential development in the affluent area of Purley, south London.” The loan has been “granted to a… Read More

Mars Growth Capital, Liquidity Group Provide $30M in Funding to Fashinza, an AI-enhanced Marketplace for Fashion Supply Chains

Mars Growth Capital and Liquidity Group, a technology firm that has become the industry’s “fastest-growing” lender to mid-market, late-stage companies globally by automating the entire debt lending cycle, announced a $30M funding deal with Fashinza, an AI-driven B2B marketplace for global fashion supply chains. The… Read More

Investment Platform Obligate Opens On-Chain Bond Issuance Platform to Enhance Corporate Financing

Obligate, a Zürich-based investment platform that enables companies to issue on-chain bonds and commercial paper to receive funding, recently “opened onboarding for issuers and investors.” Built on Polygon, the L2 blockchain for institutional finance, the platform “enables the management of corporate debt financing in a… Read More

European Fintech Enfuce, Science Card Introduce Card to Fund Science via Payment Activity

Card issuing and processing pioneer Enfuce has teamed up with UK neobanking start-up Science Card in order to launch a payments card, which forms “part of a new infrastructure for funding scientific research, designed to create the future earlier rather than later.” Science Card’s customers… Read More

Fintech Lender Sonovate Surpasses £3.5B in Funding to Support Businesses

Fintech lender Sonovate has surpassed £3.5bn in total funding and £1 billion in annual funding for the first time “as rising costs force businesses to seek finance to manage cashflow and drive growth.” During 2022, Sonovate reportedly “provided businesses with £1.1 billion in finance, a… Read More

Bridge Rounds on the Rise as VC Market Slows, Carta Report Reveals

As this year’s slowdown in venture capital continued through Q3, VCs increasingly used bridge rounds “to keep their portfolio companies afloat—or to position them for a stronger rebound when dealmaking picks up,” according to an update from Carta. Bridge rounds are “unpriced financing rounds that… Read More

Startup Funding Into US Firms Sinks by 40%

Funding into US startups has dropped by a precipitous 40%, according to a new report. In 2021, startups raised $296 billion. During 2022, this number has declined to $176 billion, a dramatic decline for a key sector of the economy. Entrepreneurship and small businesses are… Read More

CoverGo Expands Middle East Operations with Investment from Noria Capital

CoverGo, the global no-code insurance SaaS platform for P&C, health, and life, is expanding to the Middle East “after a US$15 million Series A funding, with a Middle East insurance fund Noria Capital joining as one of the strategic investors.” CoverGo has been “adopted by… Read More

Ethical Lender Plend Raises £40M to End Financial Exclusion

Plend is pleased to announce that they have raised £40 million in seed funding with new investors “including Leon & Soho House backers Active Partners, plus Velocity Juice, Sivo and the founders from Monzo, Starling Bank and Oodle Car Finance.” The investment round “includes existing… Read More

Evmos Finalizes $27M Token Sale to Support Development of dApp Platform

Evmos, the port-of-entry from Ethereum to Cosmos, sees its core developer, Tharsis Labs, announcing it has raised $27M in Seed funding “to accelerate the growth of its ecosystem of interoperable dApps.” The round was “led by Polychain Capital with participation from Galaxy, Huobi, HashKey, Coinbase… Read More

InterPrice Technologies Announces $7.3M Series A Co-Led by Nasdaq Ventures, DRW Venture Capital

InterPrice Technologies, Inc., a treasury capital markets funding platform, announced the closing of its Series A funding. The $7.3 million investment was ‘co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital.” InterPrice’s solutions “streamline bond, commercial paper, and… Read More

Fintech Paytrix Secures Pre-Seed Investments to Enable Businesses to Scale

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More

Web3 Lifestyle App Gritti Secures $1.7M via Seed Funding Round

Gritti, the web3 social fitness app building healthier habits through engaged communities and applied game design, is pleased to announce “the closing of $1.7M in seed funding.” Lingfeng Innovation Fund led the investment round along with “thesis-driven” web3 natives Youbi Capital, Bixin Ventures, Orderly Network,… Read More

128 Indian Startups Raise $995M+ VC Funding in August 2022: Report

Amid the funding winter, 128 Indian startups have managed to “raise $995.1 million in August 2022, which is a 9.7% growth compared to the previous month,” reveals GlobalData, a data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although the total VC funding… Read More

ParallelChain Secures $50M from GEM Digital to Fund Post-Launch Development

ParallelChain Lab, an enterprise-grade blockchain-as-a-service provider that combines high performance with censorship-resistant characteristics, announced it has secured a $50 million financing commitment from GEM Digital. This token subscription facility is “dedicated to funding ParallelChain’s continuous innovation and ecosystem growth following the launch of its mainnet… Read More

UK Venture Capital Activity Hits New Low in August, Report Reveals

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More

Fintech Report: Financial Tech Firms Raised $24.1B in VC Funding Across 1,103 Deals in Q2 2022

In Q2 2022, Fintech companies globally “raised $24.1 billion in venture capital (VC) across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value,” according to a report from Pitchbook. This is “the largest percentage drop in deal value since Q3 2018,” the team at… Read More

Binance Labs Leads Funding Round for Lifeform to Support Digital Citizenship

Binance Labs, the venture capital arm and accelerator of Binance, led the seed funding round of Lifeform, which is described as “a disruptive decentralized visual digital identity (DID) solution provider.” The fund will aim to “empower the next billion Web3 users with decentralized digital citizenship.”… Read More

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