Tagged: funding

November 12, 2023 @ 1:15 pm By Omar Faridi  |  

Monument Bank is pleased to announce the successful completion of our Series B, raising $50 million (£40+ million). According to Monument Bank, the successful closure of this funding round “not only reaffirms their vision but also highlights Monument’s substantial and resilient growth amid persistent environmental… Read More

November 12, 2023 @ 12:13 pm By Omar Faridi  |  

MNT-Halan has reportedly closed a $130 million securitization. As Egypt’s “first” unicorn and “fastest-growing” fintech, they’ve now “raised over US$ 400m in 2023, and target US$ 550 by the year’s end.” MNT-Halan has closed five tranches of securitized bond issuances “through its microfinance and consumer… Read More

November 6, 2023 @ 1:36 pm By Omar Faridi  |  

Global corporate venture capital-backed funding and deals drop to the lowest levels since 2018, according to an update from CBInsights. Quarterly corporate venture capital (CVC)-backed funding “has fallen 73% from its all-time high ($48.6B) just 2 years ago,” the CBInsights report revealed. In that same… Read More

November 5, 2023 @ 7:58 pm By Omar Faridi  |  

The downturn that has defined the venture capital industry for much of the past two years continued in the third quarter of 2023, according to an update from Carta. The amount of capital raised by startups on Carta “declined by 38% from Q2 to Q3,… Read More

November 2, 2023 @ 8:07 pm By Michael Wong  |  

Bahrain’s Labour Fund (Tamkeen) has recently partnered with Safaghat, a crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing options to micro, small, and medium-sized enterprises (mSMEs) in the country. This strategic collaboration aims to empower Bahraini enterprises, particularly those… Read More

October 25, 2023 @ 9:48 pm By Omar Faridi  |  

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More

October 24, 2023 @ 10:05 pm By Omar Faridi  |  

Creditly Corp., dba Credit Genie, a digital personal finance platform that has served more than one million Americans, announced the successful completion of an additional funding round, securing $10 million in capital, “bringing its total financing to $21 million.” The funding via the investment round… Read More

October 19, 2023 @ 8:10 am By Omar Faridi  |  

Oru Space, a firm which focuses on supporting coworking, wellbeing, food and events, while nurturing an ecosystem of inclusive, vibrant community, across multi-faceted, accessible and dynamic spaces, has raised £454,849 of its £450,000 target from 161 investors (at the time of writing) through its crowdfunding… Read More

October 18, 2023 @ 10:56 pm By Omar Faridi  |  

Nova Credit, the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, announced it raised $45 million in Series C funding. The capital helps Nova Credit to further broaden its product offering “beyond cross-border credit reporting and scale Cash AtlasTM, the… Read More

October 17, 2023 @ 10:50 pm By Omar Faridi  |  

The US startup ecosystem witnessed a considerable decline in venture capital (VC) funding activity “during the first three quarters (Q1-Q3) of 2023.” A total of 5,448 VC funding deals “with disclosed value worth of $89.3 billion were announced in the US during the period.” This… Read More

October 16, 2023 @ 11:03 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest. PeerBerry closed one more record month – in September, PeerBerry investors funded… Read More

October 15, 2023 @ 6:55 pm By Michael Wong  |  

Singapore-based Web3 wallet solution provider Account Labs has announced plans to launch a new wallet that will allow users to access using just a Google account following a successful fundraising of $7.7 million. Account Labs announced that funding round was backed by a number investors… Read More

October 14, 2023 @ 9:23 am By Omar Faridi  |  

While the summer may traditionally be a quieter time of the year for many businesses, CrowdProperty says that it bucked the trend by funding £100 million in property development projects within the last quarter. The CrowdProperty team of experts claims that they “continued to be… Read More

October 12, 2023 @ 11:25 pm By Omar Faridi  |  

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, announced that it has closed its Series A round with $16.5 million in funding. The investment round was “led by Fin Capital and joined by… Read More

October 10, 2023 @ 9:49 pm By Michael Wong  |  

Indonesia- and Southeast Asia-focused venture capital investor East Ventures has partnered with Seoul-based SV Investment to launch the “East Ventures South Korea fund in partnership with SV Investment” with a target corpus of $100 million. The initiative’s primary goal is to bridge the investment avenues… Read More

October 3, 2023 @ 9:44 am By Omar Faridi  |  

Bogdan Uzbekov, founder & CEO, Apron, notes that he’s pleased to announce that Apron has raised £12M in a Series A funding round, which was reportedly “led by Index Ventures, with participation of their existing investors, Bessemer Venture Partners and Visionaries Club.” And with the… Read More

October 2, 2023 @ 7:21 pm By Omar Faridi  |  

SATYA MicroCapital Limited has reportedly secured INR 500Cr (appr. $60 million) debt funding from Japan-based Sumitomo Mitsui Banking Corporation (SMBC Bank). RBI registered NBFC-MFI, SATYA MicroCapital Limited has successfully “raised INR 500Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation which is a Japanese multinational banking… Read More

September 30, 2023 @ 4:21 pm By Michael Wong  |  

d1g1t, a Canadian institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, announced that it has closed a combined equity and debt financing round. U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI… Read More

September 30, 2023 @ 11:01 am By Michael Wong  |  

The Saudi Fund for Development (SFD) has agreed to contribute $10 million to the Special Fund Window for Less Developed Members (SFW) of the Asian Infrastructure Investment Bank (AIIB), according to an announcement. The agreement was signed by Sultan Abdulraham Al-Marshad, CEO of SFD, and… Read More

September 28, 2023 @ 9:34 pm By Omar Faridi  |  

Lumu, creators of the Continuous Compromise Assessment cybersecurity model that enables organizations to operate cybersecurity proficiently, announced it has closed a $30 million Series B round “led by Forgepoint Capital, with participation from existing investors BIP Ventures, Exceptional Capital and SIMMA Capital. Forgepoint Capital Managing… Read More