Tagged: investment round

September 29, 2020 @ 9:26 pm By Omar Faridi  |  

Philippines-based PayMongo, an online payments platform, has secured $12 million in capital through a Series A investment round led by payments processor Stripe PayMongo provides an online payments API for businesses in the Philippines. The Fintech firm has taken part in Y Combinator’s Accelerator program…. Read More

September 29, 2020 @ 7:46 am By Omar Faridi  |  

Airwallex, an Australia-based Fintech company, has reportedly extended an existing $250 million investment round by $40 million (appr. AUD 57 million). Scott Farquhar, the co-founder at Atlassian, has joined the funding round through his firm, Skip Capital. Airwallex has managed to secure substantial investments so… Read More

September 25, 2020 @ 4:30 pm By Samantha Hurst  |  

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

September 21, 2020 @ 8:05 pm By Omar Faridi  |  

US-based banking challenger Chime Financial Inc. is now valued at $14.5 billion, which is significantly more than Robinhood, another fast-growing Fintech Unicorn that recently reached a valuation of $11.2 billion after securing $200 million in additional funding last month. Chime has now become the most… Read More

September 16, 2020 @ 11:29 am By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday it secured $31 million through its latest investment round, which was led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) with participation from MUFG Innovation Partners, AB Ventures, Paper Excellence, and Myer… Read More

September 14, 2020 @ 11:37 pm By Omar Faridi  |  

Groww, an investment app that aims to focus on providing services to Indian millennials, has reportedly secured $21.4 million in capital through a Series B funding round – which was led by US-based VC firm Ribbit Capital. Existing investors Sequoia India and Y Combinator also… Read More

September 10, 2020 @ 9:05 am By Omar Faridi  |  

Remote working Fintech firm Deel has secured $30 million in capital through a Series B investment round. Deel has managed to acquire $44 in funding during 2020 and its services are reportedly used by more than 500 businesses based in 140 different countries. Deel’s most… Read More

September 9, 2020 @ 9:51 am By Omar Faridi  |  

Sweden’s Buy Now, Pay Later firm Klarna is reportedly planning to secure $500 million in capital via an investment round which could double its valuation to around $10 billion, according to a recent report from Reuters (which cited sources familiar with the matter). Klarna had… Read More

September 8, 2020 @ 10:22 pm By Omar Faridi  |  

Mollie, a European payment processing company, has secured €90 million in capital through a Series B investment round which was led by TCV, a prominent investor that has also participated in rounds conducted by Spotify, Revolut, Netflix, and Nubank, one of the largest digital banks… Read More

September 8, 2020 @ 7:42 am By Samantha Hurst  |  

Thunes, a global B2B cross-border payments network, announced on Tuesday it secured $60 million through its Series B funding round, which was led by Helios Investment Partners with participation from Checkout.com, GGV Capital, and Future Shape. Founded in 2016, Thunes stated its platform provides a “seamless”… Read More

August 30, 2020 @ 3:48 pm By Omar Faridi  |  

Buying or selling property or real estate might begin to lose its appeal when we consider how time-consuming it can be to actually maintain these investments. However, Colombia based Proptech firm Habi says it plans to offer products and services that will help improve Latin… Read More

August 26, 2020 @ 2:11 pm By Omar Faridi  |  

Decentralized finance (DeFi) projects continue to secure funding, despite the economic uncertainty created due to COVID-19. As covered, capital secured by DeFi lending projects surged 150% in April of this year, but more general Fintech and digital assets initiatives had recorded a 57% drop in… Read More

August 21, 2020 @ 12:27 pm By Omar Faridi  |  

Cairo-headquartered payment company, Paymob has acquired $3.5 million in capital through an investment round that was led by Dubai’s Global Ventures and the Dutch Entrepreneurial Development Bank FMO. Existing investor A15 also took part in the round. Established in 2015 by Islam Shawky, Alain El… Read More

August 19, 2020 @ 8:20 am By Omar Faridi  |  

Tallinn-based EvoEstate has reportedly secured €140,000 in additional capital through a pre-seed extension. The Fintech firm has now closed its €320,000 pre-seed investment round. EvoEstate aims to offer an innovative investment platform that’s supported by Lithuanian startup Wise Guys, which is a Hong Kong-based stealth… Read More

August 18, 2020 @ 6:31 pm By Omar Faridi  |  

Saving money and effectively managing monthly earnings or income should be a key priority for company employees, however, they usually don’t have access to the appropriate tools to make informed decisions regarding how to manage their finances. Brazil-based Fintech firm Allya, which aims to help… Read More

August 16, 2020 @ 4:33 pm By Omar Faridi  |  

Brazilian Fintech firm SuperSim, a microlending startup based in São Paulo, recently secured R$30 million (appr. $5.6 million) in capital through debt financing, so that it can improve the South American nation’s credit market. Latin American consumers and businesses have expressed concerns about how difficult… Read More

August 13, 2020 @ 9:04 am By Omar Faridi  |  

UK-based Habito, an online mortgage firm, has secured £35 million in capital through a Series C investment round. Habito provides several services that are focused on taking the pain out of buying a new home or property. The company’s services include its own mortgage products,… Read More

August 12, 2020 @ 4:36 pm By Omar Faridi  |  

Routable, a Fintech firm that began operations in Seattle, has reportedly come out of stealth mode and confirmed it has secured $12 million in capital through a Series A investment round. Routable’s backers include Y Combinator, Founders’ Co-Op, Lee Fixel, Box Group, Liquid 2 Ventures,… Read More

August 11, 2020 @ 8:05 pm By Omar Faridi  |  

The Omnipresent Group, which focuses on offering assistance to remote workers, has secured $2 million in seed funding. The company claims that it acquired the funds “within six weeks” of the COVID-19 outbreak, so that it can offer a viable solution to support what it… Read More

August 9, 2020 @ 2:54 pm By Omar Faridi  |  

Amsterdam based Fintech firm Kinder has reportedly secured €500,000 in funding and may be planning to make an official announcement soon, according to Silicon Canals. The Fintech company could have raised more capital, however, some investors may have held back due to the economic challenges… Read More