Tagged: investment round

May 26, 2021 @ 8:24 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has finalized a $125 million Series B round that was led by One Peak, along with contributions from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing investors including Silicon Valley-based Plug and Play. The capital… Read More

May 24, 2021 @ 11:05 pm By Omar Faridi  |  

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

May 23, 2021 @ 8:47 pm By Omar Faridi  |  

Fintech businesses in Singapore have secured a total of SGD 656 million (appr. $492.8 million) in equity funding during Q1 2021. This figure represents a 355% increase from last year, according to a recent report from the Boston Consulting Group (BCG). The rise in Fintech… Read More

May 21, 2021 @ 8:14 am By Omar Faridi  |  

Ireland’s B2B card payments Fintech CleverCards has finalized a €10 million funding round. The company has also acquired a European Money Institution license via the acquisition of spend management service provider, ExpendiaSmart. Since introducing its payments platform back in December 2019, CleverCards has managed to… Read More

May 20, 2021 @ 11:15 am By Omar Faridi  |  

Israel-based ThetaRay, a Fintech firm that enables banking institutions to monitor payment activity in order to identify potential money laundering risks, has secured $31 million in capital via a new funding round. New ThetaRay investors reportedly include Eric Benhamou, investing via Benhamou Global Ventures, and… Read More

May 20, 2021 @ 10:00 am By Omar Faridi  |  

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital have reportedly co-led the investment round. They’ve been joined by… Read More

May 20, 2021 @ 7:20 am By Omar Faridi  |  

ComplyAdvantage, an AI-enhanced financial crime detection firm, has  extended its Series C funding round to $70 million, with an additional $20 million from Goldman Sachs. ComplyAdvantage‘s  investment has reportedly come on top of the firm’s oversubscribed Series C round that was announced in July of… Read More

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

May 20, 2021 @ 1:07 am By Omar Faridi  |  

DailyPay, the provider of on-demand pay solutions for enterprises, has acquired $500 million in capital. DailyPay has completed a $175 million Series D equity round that was led by Carrick Capital Partners along with contributions from existing investors. DailyPay has also secured $325 million of… Read More

May 19, 2021 @ 12:38 pm By Omar Faridi  |  

Vise, an AI-enhanced investment management platform, has secured $65 million in capital through a Series C round that was led by Ribbit Capital and also saw participation from  Sequoia Capital. Established in 2016, Vise leverages artificial intelligence to assist financial advisors in preparing highly personalized… Read More

May 19, 2021 @ 1:47 am By Omar Faridi  |  

Australia’s commission-free brokerage app Stake has acquired $30 million in capital from Tiger Global and partners of DST Global in order to support the firm’s expansion into European markets. Stake provides retail investors with access to over 4,400 US stocks and exchange-traded-fund (ETFs), along with… Read More

May 17, 2021 @ 10:47 pm By Omar Faridi  |  

Mastercard-backed Pine Labs, an Indian merchant commerce service provider, has finalized the first close of $285 million in funding at a $3 billion valuation. Pine Labs provides payment terminals, invoicing tools, and working capital to over 150,000 merchants in the Middle East and other regions… Read More

May 14, 2021 @ 2:28 am By Omar Faridi  |  

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

May 10, 2021 @ 11:07 pm By Omar Faridi  |  

Forge Global, a multinational private securities marketplace, has revealed that it has acquired the Financial Industry Regulatory Authority’s (FINRA) approval to offer services as a single broker dealer with SharesPost after a merger last year. Forge Global has also finalized an oversubscribed investment round of… Read More

May 8, 2021 @ 3:27 pm By Omar Faridi  |  

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

May 4, 2021 @ 10:27 pm By Omar Faridi  |  

Indonesia-based Bibit.id, a digital investment app provider, has reportedly secured $65 million in capital via a round led by Sequoia Capital India. Bibit’s investment round was also joined by Prosus Ventures, Tencent and Harvard Management Company. Existing investors AC Ventures and East Ventures also took… Read More

May 1, 2021 @ 9:25 am By Omar Faridi  |  

Brazil-based investment firm Warren recently revealed that it finalized a BRL 300 million (appr. $55.16 million) funding round that was led GIC, which is Singapore’s sovereign fund that has made other investments in the country’s Unicorns such as Nubank and Hotmart. Warren’s investment round includes… Read More

April 30, 2021 @ 8:07 am By Omar Faridi  |  

Berlin-based Fintech Vivid Money, a mobile banking app provider, has secured €60 million in capital through a Series B round that was led by Greenoaks along with participation from existing investor Ribbit Capital. This latest investment round gives Vivid Money a €360 million valuation. Founded… Read More

April 24, 2021 @ 9:17 pm By Omar Faridi  |  

Saudi Arabia-based Tamara, a Buy Now, Pay Later (BNPL) service provider, recently confirmed that it finalized a $110 million Series A funding round led by Checkout.com. The funds raised will be used by Tamara to scale its professional team, expand into new markets in the… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More