Tagged: investment round

July 1, 2022 @ 8:29 am By Omar Faridi  |  

Following a “successful” inaugural tax season, April Tax Solutions Inc., a personal income tax platform that embeds into digital financial apps, announced that it has raised $30 million in a Series A round. The Fintech startup has “gained the attention of unicorn founders and leaders… Read More

June 30, 2022 @ 8:19 am By Omar Faridi  |  

Debt resolution tech company Ophelos has acquired £5 million in capital via a seed funding round that was reportedy led by AlbionVC. Vast Ventures, Form Ventures, Connect Ventures and Fly Ventures and angels including GoCardless co-founder Matt Robinson and Funding Circle co-founder James Meekings also… Read More

June 29, 2022 @ 3:49 pm By Omar Faridi  |  

peaq, the Web3 network powering the Economy of Things (EoT), has raised $6 million in its latest funding round, which was led by Fundamental Labs. The funding will “support the ongoing expansion of the peaq network, which empowers individuals and organizations to build, govern, and… Read More

June 28, 2022 @ 4:52 pm By Omar Faridi  |  

Metaphysiks, a “groundbreaking” immersive technology company combining neuroscience and robotics to create “multisensory” experiences, has announced the completion of its seed funding “to support their advancements in life-like bodily stimulation.” Metaphysiks will contribute “to humanizing the Metaverse, bringing physical and emotional engagement into the digital… Read More

June 28, 2022 @ 4:00 pm By Omar Faridi  |  

SithSwap, a “next-generation” automated market maker (AMM) on StarkNet, has successfully raised $2.65 million at a $25 million valuation in a seed funding round “led by Lemniscap, with participation from Big Brain Holdings, GSR, DWeb3 Capital, Ghaf Capital Partners, as well as angel investors Anthony… Read More

June 26, 2022 @ 8:07 pm By Omar Faridi  |  

ESG Book, which focuses on sustainability data and technology, has announced that it closed $35 million in Series B funding. The new capital will be used “to advance ESG Book’s next-generation technology capabilities, enabling clients to meet increasingly complex sustainability requirements, and accelerate the company’s… Read More

June 25, 2022 @ 11:17 am By Omar Faridi  |  

The Hokodo team is pleased to announce a Series B fundraise of $40 million that will help them to fulfil their ambition of “enabling 1 million businesses to access a better way to pay by 2025.” As businesses continue to feel the economic impact of… Read More

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 22, 2022 @ 1:15 am By Omar Faridi  |  

Formance, a French Fintech firm that provides businesses with a low-code template for tracking payment flows in real-time, has secured $3.1 million in capital from Hoxton Ventures, Frst, Y Combinator and several business angels. Established last year by Clément Salaün and Anne-Sybille Pradelles, Fomance provides… Read More

June 20, 2022 @ 1:01 am By Omar Faridi  |  

Bits of Stock, the stock rewards platform, recently secured $4.4 million in seed funding from Keen Venture Partners and Yellow Accelerator by Snap Inc. On a mission to “reverse” wealth inequality, Bits of Stock intends to use the proceeds “to double its size and onboard… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

June 16, 2022 @ 10:08 pm By Omar Faridi  |  

Narmi, a provider of open digital banking technologies, announced $35 million in Series B funding co-led by Greycroft and existing investors NEA and Picus Capital. Narmi claims it is one of the fastest-growing companies “servicing financial institutions in the United States and plans to leverage… Read More

June 14, 2022 @ 10:07 am By Omar Faridi  |  

Swoop, the “one-stop” money shop for businesses, has acquired £5.4 million via a Series A funding round “to accelerate international expansion and help more companies to access an array of financing options.” The funding announcement follows “a surge in demand for SME financing, with revenues… Read More

June 13, 2022 @ 9:06 pm By Omar Faridi  |  

NymCard, the MENA-based Banking as-a-Service (BaaS) provider and card issuer, has raised $22.5 million in its latest funding round. This will help NymCard “enable MENA-based Fintechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+… Read More

June 13, 2022 @ 1:22 am By Omar Faridi  |  

Dutch Fintech firm Factris recently acquired €10 million in capital following their partnership with NN Investment Partners (NN IP). This investment will be used to help finance trade-related invoices for European SMEs. Currently among the largest alternative factoring firms operating in the Netherlands, Factris has… Read More

June 12, 2022 @ 9:00 pm By Omar Faridi  |  

Bud, an Open Banking Fintech established in 2015, recently completed its Series B round totaling $80 million. Bellis Phantom Holdco ltd, an indirect affiliate of investment funds managed by TDR Capital LLP, is reportedly the largest investor and has been followed by SEI investments along… Read More

June 12, 2022 @ 2:44 pm By Omar Faridi  |  

Ledgible, the professional-first crypto tax and accounting platform, recently announced $20 million in funding for its Series A Round led by EJF Capital LLC through its affiliate, the EJF Silvergate Ventures Fund. Joining the investment round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi… Read More

June 11, 2022 @ 5:40 pm By Omar Faridi  |  

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

June 10, 2022 @ 9:38 am By Omar Faridi  |  

Backbase, creator of the “category-leading” Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering “with a Fintech specialist private equity firm, to further strengthen its claim on the… Read More