Tagged: investment round

June 24, 2021 @ 1:17 am By Omar Faridi  |  

Saudi Arabia-based Tweeq, a provider of spending accounts for individuals and small businesses operating across the country, revealed that it has finalized an undisclosed seven-figure funding round, which has been co-led by STV and Raed Ventures. As noted by the company’s management: “Our mission is… Read More

June 23, 2021 @ 8:10 am By Omar Faridi  |  

Konfio has announced a $125 million Series E round with VEF investing an additional $20 million in the company’s operations. The team at VEF announced on Tuesday (June 22, 2021) a $20 million follow-on investment into Konfio, which is one of Mexico’s leading SME-focused Fintech… Read More

June 22, 2021 @ 1:40 pm By Omar Faridi  |  

Switzerland-based Relai, the provider of a Bitcoin investment app, has revealed that it secured CHF 2.5 million in capital via a Series A round that was led by Swiss VC Redalpine. The funding has been acquired less than a year after the company entered the… Read More

June 21, 2021 @ 10:55 pm By Omar Faridi  |  

Splash Financial, a digital lending platform that assists borrowers with shopping and comparing financial products from a Splash-powered network of lenders, recently revealed that it has acquired $44.3 million in capital through a Series B round. Splash Financial’s latest investment round includes contributions from partners… Read More

June 21, 2021 @ 10:31 pm By Omar Faridi  |  

Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More

June 21, 2021 @ 7:35 pm By Omar Faridi  |  

Augmentum Fintech plc (LSE: AUGM), the UK’s only publicly listed investment firm that’s focused on the Fintech industry, has made a $10 million (c. £7.3 million) investment into Helsinki based Tesseract Group Oy, marking Augmentum’s first investment into Finland. As noted in a release shared… Read More

June 20, 2021 @ 8:45 pm By Omar Faridi  |  

After acquiring $51 million in capital through a Series B round led by Accel, Banking-as-a-Service (BaaS) provider Unit has introduced a product that will allow firms to offer live bank accounts and issue payment cards within minutes. Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV… Read More

June 20, 2021 @ 8:28 pm By Omar Faridi  |  

Indonesia-based Finantier, an open finance API platform, has secured an undisclosed 7-figure sum through a seed round that was led by Global Founders Capital and East Ventures. Finantier’s latest investment round was oversubscribed. The capital was raised at a post-money valuation of over 20 times… Read More

June 20, 2021 @ 5:41 pm By Omar Faridi  |  

Gururam-headquartered Insurtech firm RenewBuy has acquired $45 million in capital through a Series C round that was led by Apis Growth Fund II, a private equity fund that’s overseen by UK-based Apis Partners LLP, a fund manager that focuses on growth-stage Fintechs. Haitong Securities served… Read More

June 20, 2021 @ 5:06 pm By Omar Faridi  |  

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

June 20, 2021 @ 2:45 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly committed to a €160 million round at a €1.65 billion valuation. Bunq will also be acquiring a small business lender as part of the transaction. Bunq’s latest investment round was joined by an unnamed UK-based private equity company. As… Read More

June 19, 2021 @ 9:36 am By Omar Faridi  |  

Universal and streamlined shopping app nate has secured $38 million in capital through a Series A round led by Renegade Partners, along with contributions from Forerunner Ventures and existing investors Canaan Partners and Coatue Management. nate’s Series A has been finalized a year after the… Read More

June 18, 2021 @ 2:22 pm By Omar Faridi  |  

Brazil-based EBANX, a cross-border commerce platform, recently acquired $400 million in capital from Advent International and another $30 million commitment. The company is now planning an initial public offering (IPO) in the US. Advent has reportedly made strategic investments in Vantiv, Worldpay, Nets, Nexi, Planet,… Read More

June 18, 2021 @ 11:55 am By Omar Faridi  |  

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

June 18, 2021 @ 10:02 am By Omar Faridi  |  

London-headquartered Volt, an open payments gateway provider, has secured $23.5 million in capital through a Series A round that was led by EQT Ventures. Augmentum Fintech, Fuel Ventures, and angel investors including Adyen co-founder Robert Kraal and FIS non-executive director Gabriel de Montessus took part… Read More

June 16, 2021 @ 12:38 pm By Omar Faridi  |  

Mexico-based Clip, a digital payments and commerce Fintech, revealed on Tuesday (June 15, 2021) that it has acquired $250 million in capital via a round led by the SoftBank Latin America Fund and Viking Global Investors LP. Clip‘s latest investment round is the largest ever… Read More

June 16, 2021 @ 2:07 am By Omar Faridi  |  

Paris-based Upflow, a startup that assists B2B firms with getting paid, has secured $15 million in capital via a Series A round which included contributions from 9yards Capital, eFounders, and angels N26 co-founder Maximilian Tayenthal and Uber exec Pierre-Dimitri Gore-Coty. Companies or businesses usually try… Read More

June 15, 2021 @ 7:49 am By Omar Faridi  |  

French Fintech firm Pennylane has acquired €15 million in capital in order to expand its bookkeeping and financial management services. The Pennylane platform has been designed to allow SME owners to view all of their real-time financial data from a single dashboard. Established in 2020,… Read More

June 12, 2021 @ 8:34 pm By Omar Faridi  |  

New York-based Clair, an earned wage firm for gig economy workers and technology contractors, has finalized a $15 million Series A round that was led by Thrive Capital. Clair’s latest investment round brings the Fintech firm’s total funding to $19.5 million. The company’s seed round… Read More

June 11, 2021 @ 11:53 am By Omar Faridi  |  

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More