Tagged: investment round

June 16, 2020 @ 1:40 am By Omar Faridi  |  

Tonik Financial Pte Ltd, a company planning to launch a digital bank in the Philippines, has reportedly secured $21 million in capital through a Series A equity funding round.  The round was led by major blue-chip venture capital investors, including Sequoia India and Point72 Ventures…. Read More

June 15, 2020 @ 1:06 am By Omar Faridi  |  

Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B… Read More

June 13, 2020 @ 10:00 pm By Omar Faridi  |  

Singapore-based GBCI Ventures, a venture capital and private equity firm, has made a strategic $11 million investment in Fintech startup Fincy. The company is also in the process of finalizing external funding. The Fincy team describes their platform as a multi-purpose solution providing digital and… Read More

June 9, 2020 @ 9:32 am By Omar Faridi  |  

Digibee, a “no-code” integration platform, has reportedly secured $5 million in capital from GAA Investments and Laércio Albuquerque of Cisco Brazil. The Brazilian company says it will use the funds to enhance its technology stack and further expand its operations into the US. Notably, no-code… Read More

June 5, 2020 @ 10:32 am By Omar Faridi  |  

Caitlin Long, who claims she has been involved with Bitcoin (BTC) since 2012, has issued an update regarding her company, the Avanti Financial Group. As previously reported, Avanti is the first  “cryptocurrency-native” bank, which should launch next year. Long claims that Avanti will provide a… Read More

May 30, 2020 @ 4:50 pm By Omar Faridi  |  

Fortmatic, a company that aims to improve the user experience, or UX, (which can be poor with digital asset wallets) by allowing users to access their Ethereum (ETH) funds from their app, has secured $4 million in seed funding. The firm’s app aims to allow users… Read More

May 27, 2020 @ 11:35 pm By Omar Faridi  |  

German Fintech firm TIS (Treasury Intelligence Solutions), which offers a cloud-powered platform for handling cash flows and corporate payments, has acquired $20 million in additional funding. TIS’ latest investment round was led by Aquiline Technology Growth. Existing investor 83North also made contributions. TIS’ management noted… Read More

May 27, 2020 @ 10:03 pm By Omar Faridi  |  

Mumbai-based Home Capital, a Fintech firm focused on supporting housing initiatives for younger people, has acquired seed funding via a round led by the Varanium NextGen Fund. Shalin Shah, Singapore Angel Network, JITO Incubation and Innovation Foundation, Venture Catalysts, and Venture Gurukool also took part… Read More

May 26, 2020 @ 9:37 am By Omar Faridi  |  

  CoinDCX, one of India’s largest digital asset exchanges, has secured an additional $2.5 million in funding from several major blockchain investors, including Coinbase Ventures (the investment division of cryptocurrency exchange Coinbase) and Polychain Capital. The latest investment acquired by CoinDCX has come around two… Read More

May 23, 2020 @ 3:22 pm By Omar Faridi  |  

UK-based, By Miles, a pay-by-mile automobile insurance service provider, has secured £15 million in funding through a Series B investment round led by CommerzVentures. Existing investors Octopus Ventures, Insurtech Gateway and JamJar investments also took part in By Miles’ latest round. Established in October 2014… Read More

May 20, 2020 @ 7:46 am By Omar Faridi  |  

San Francisco-based Brex, a company focused on developing B2B financial products, has secured $150 million in capital from DST, Lone Pine Capital, and several other investors. Brex offers a corporate credit card for technology firms. The financial services firm helps startups of all sizes (from… Read More

May 15, 2020 @ 7:20 pm By Omar Faridi  |  

  Colombia-based Fintech firm Minka has secured $3 million in capital through a funding round led by Fintech Collective. Colle Capital Partners, the Collaborative Fund, multinational firm Carvajal Tecnología y Servicios, and Mastercard also took part in Minka’s latest round. The Fintech company said it… Read More

May 15, 2020 @ 6:15 pm By Omar Faridi  |  

AI Fintech LoanSnap has secured $10 million in capital from Accelerator Ventures, Morado Ventures, MANTIS, True Ventures, and Work Play Ventures. MANTIS is notably a technology investment company established by Grammy award-winning band, The Chainsmokers. Existing investors Baseline, Liquid21, OVO, Virgin, and Thomvest also took… Read More

May 14, 2020 @ 10:23 pm By Omar Faridi  |  

Blockdaemon, a blockchain node provider, has acquired $5.5 million in capital from major investors including Fenbushi Capital, Hashkey, CoinShares, Blockchain.com, Kenetic, and SPiCE VC. Early investors Boldstart, Comcast Ventures, Heavybit, and Lerer Hippeau also made contributions. The New York-headquartered firm says it’s planning to use… Read More

May 14, 2020 @ 10:16 am By Omar Faridi  |  

UK-based Featurespace, a firm focused on fraud prevention, has secured £30 million in capital from an investment round led by Merian Chrysalis Investment. Several existing investors also took part in the round. The firm’s software is designed to learn the normal or typical digital behavior… Read More

May 10, 2020 @ 7:14 pm By Omar Faridi  |  

Turkish Fintech firm Figopara confirmed on May 7, 2020, that it has secured $1 million in funding from its second investment round. Existing investors World Bank’s International Finance Corporation (IFC) and Turkish angel investor Revo Capital took part in Figopora’s latest round. Founding partners Ahmet… Read More

May 8, 2020 @ 10:40 am By Omar Faridi  |  

Canada-based Symend, a company that helps utilities and financial service providers with identifying and assisting customers who may be struggling to pay their bills, has secured $52 million in funding through a Series B investment round led by Inovia Capital. Other investors in the firm’s… Read More

May 7, 2020 @ 6:31 pm By Omar Faridi  |  

Viva Republica Ltd., a company that manages Toss, one of the largest South Korean Fintech firms, is reportedly planning to secure around $200 million in additional funding from investors. This, after acquiring $64 million in August 2019. The company says the funds will be used… Read More

May 7, 2020 @ 7:39 am By Omar Faridi  |  

Estonia-headquartered AskRobin, a Fintech firm that manages a financial services marketplace for underbanked Latin American clients, has secured $1.7 million in capital. AskRobin’s seed round received contributions from several venture capital funds, including BENE Asia Capital, Change Ventures, Lemonade Stand, and Vereeni Early Stage Fund…. Read More

May 6, 2020 @ 9:43 pm By Omar Faridi  |  

Fintech firm Nium revealed on May 5, 2020 that it had managed to secure a new round of equity funding. The company’s round received contributions from new investors BRI Inventures, the corporate venture division of Bank BRI of Indonesia, and payments giant Visa. Nium’s latest… Read More