Tagged: investment round

Multinational Digital Banking Group Tyme Secures $100M in Capital via Series B Round

Tyme, a multinational digital banking group based in Singapore, has reportedly secured $110 million in capital through a Series B funding round. Tyme is focused on bringing foreign investments into South Africa. TymeBank aims to establish the foundation for its business expansion across ASEAN region,… Read More

Bengaluru based Fintech Lending Firm KreditBee Finalizes $75 Million Series C Equity Round

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

Global Neobank Zolve Secures $15 Million in Capital via a Seed Round led by Accel and Lightspeed

Global digital bank Zolve has secured $15 million in capital through a seed funding round that was led by Accel & Lightspeed. Others who took part in Zolve’s investment round include Blume Ventures and several angel investors: Dr. Ashish Gupta (ex-Helion MD), Greg Kidd (angel… Read More

Israeli Fintech Mirato, which Uses AI and Natural Language Processing for its Risk Management Solution, Secures $9M in Capital

Israel-based Mirato, a company that has developed an AI-enhanced third-party risk management platform (TPRM) for financial services providers, has secured $9 million in capital. Mirato’s investment round was led by Grove Ventures along with contributions from Janvest Capital Partners (co-leader), American Express Ventures, iAngels and… Read More

London’s Element Ventures Invests in Swedish Fintech Billhop, which Makes Invoices and Bills Payable with Cards

Billhop, a Swedish Fintech firm that makes invoices and bills payable by card payments, has acquired €4 million in capital through a Series A round from financial technology VC Element Ventures. Billhop’s services aim to address the issue of low card acceptance in supplier payments… Read More

Fintech Stripe Invests in Karachi based Digital Payments Startup Safepay’s Seed Round

Karachi-based Fintech firm Safepay has reportedly acquired seed funding from global financial technology company Stripe. Safepay hasn’t disclosed the amount it has received but claims that it’s a seven-figure (USD) amount. Other local and international investors also took part in the Pakistani Fintech firm’s investment… Read More

Digital Commerce Boom Leads to India’s BharatPe Finalizing Massive Round, while Branded, Thrasio Close Major Rounds

Thrasio, a company that acquires and then aims to quickly grow third-party sellers on Amazon (NASDAQ: AMZN) has finalized $750 million in new funding, raising the firm’s valuation to around $3 billion to $4 billion. The investment round was led by current investors Advent and… Read More

Tiger Global Is Reportedly Planning to Lead $200M Round in Robinhood Competitor Public.com

Tiger Global is reportedly leading a $200 million investment round in Public.com, a Robinhood competitor. at around a $1.2 billion valuation (quadrupling the firm’s value in only 2 months). Public.com’s management noted that their massive $200 million round would give the firm a $1 billion… Read More

Lending as a Service Provider Trade Ledger Secures £13.5M in Capital via Series A led by Point72 Ventures

Trade Ledger, which provides a Lending-as-a-Service (LaaS) platform, has secured £13.5 million in capital through a Series A round that was led by Point72 Ventures. Foundation Capital, Court Lorenzini, and Hambro Perks also took part in the round. Trade Ledger aims to assist lenders with… Read More

B2B Capital Raising Platform HubX Secures $5.5M via Investment Round with Participation from Barclays, Basinghall Partners, Elite

HUBX, a B2B capital raising platform, has secured $5.5 million through a funding round that included participation from Barclays. Basinghall Partners, Elite and several individual investors also took part in the round. The funds raised via the investment round will be used to support Hubx’s… Read More

UK’s Wombat, a Fractional Investment Platform, Acquires $2M in Seed Funding via Round led by Fuel Ventures

UK-based Wombat, a fractional investment platform, has acquired $2 million in capital via a seed funding round that was led by Fuel Ventures. Established in 2019, Wombat claims around 62,000 users for its mobile trading platform, providing access to 31 popular stocks and 22 theme-based… Read More

New York City Seed Funding Reaches Record Levels with Focus on Freelancers, Healthcare, Bitcoin, Blockchain: Report

Primary Venture Partners, a seed-stage VC firm focused on supporting New York City’s “most promising” founders, notes that this past October (2020), they had revealed that Q3 2020 NYC seed activity was “the highest it had been since the record-breaking Q3 2019 quarter.” While third-quarter… Read More

Micro-Investing Fintech App Provider Stash Secures $125M via Series G led by Eldridge

Stash, a US-based company that offers micro-investment options through a mobile app, has reportedly acquired $125 million in capital through its Series G funding round that was led by Eldridge. Stash initially began operations by providing a micro-investing app but has now also made an… Read More

Switzerland based Wealth Management Fintech WealthArc Acquires $4M in Capital to Expand Overseas Operations

Switzerland-based wealth management Fintech WealthArc is reportedly planning to strengthen and expand its overseas business after acquiring over $4 million in capital. WealthArc’s Cloud-enabled platform is being used by wealth management services to access investment data that is automatically gathered and curated by AI algorithms…. Read More

UAE’s BaaS Fintech NymCard Secures $7.6M in Capital via Series A to Accelerate its Expansion Efforts

Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in  capital through a Series A funding round. The banking-as-a-service (BaaS) provider confirmed that the investment round was led by Shorooq Partners along with the contributions from OTF Jasoor Ventures and… Read More

Payments Giant Stripe and Thrive Capital Lead $35M Investment Round in Check, a Company Digitizing Business Payroll

Check, a company developing software applications for digitizing the business payroll process has reportedly emerged from several years in stealth mode. The Fintech firm recently confirmed that it has secured $35 million in capital via an investment round. Check’s round was led by strategic investments… Read More

Fintech Funding: 13 $100 Million+ Mega-Rounds worth $2.7 Billion (in total) Completed by Fintechs so far in 2021

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

French Buy Now Pay Later or BNPL Fintech Alma Secures €49M in Capital via Series B Round

France-based Buy Now, Pay Later (BNPL) platform Alma has secured €49 million in capital through a Series B funding round. Alma’s management stated that they intend to use the funds raised to support their extensive business expansion plans in 2021. Alma, the French BNPL platform… Read More

Ant Group and CIMB Owned Online Wallet Provider TNG Digital Is Reportedly Planning to Secure $150M to Support Expansion Efforts

TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More

iSTOX Exec Says Digital Securities to Grow by “Leaps and Bounds” as DLT based Platform Secures $50M via Series A Round

Singapore-based iSTOX, a blockchain-powered digitized securities platform, has finalized a $50 million Series A funding round with participation from two state-backed investors based in Japan. As noted by the company’s management: “iSTOX is a future-ready capital markets platform set to usher in a new era… Read More

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