Tagged: investment round

December 22, 2019 @ 4:41 pm By Omar Faridi  |  

Chennai-headquartered digital bank Kaleidofin has secured Rs 36 Crore (appr. $5 million) in a Series A funding round, which was led by impact investment firm Oikocredit. Existing investors Flourish, Omidyar Network India, Blume Ventures and Bharat Inclusion Seed Fund also took part in Kaleidofin’s round…. Read More

December 19, 2019 @ 7:57 am By Omar Faridi  |  

Gurugram, India-based insurance technology (Insurtech) firm Toffee Insurance revealed on December 17 that it had secured $5.5 million via a Series A investment round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. Toffee says it will use the capital… Read More

December 17, 2019 @ 12:49 am By Omar Faridi  |  

UK-based Portify, a Fintech firm that provides an app and various other financial services to help grow the gig economy and assists other modern, flexible, self-employed professionals in managing their finances, has secured £7 million (appr. $9.3 million) via a Series A investment round. The… Read More

December 15, 2019 @ 2:33 pm By Omar Faridi  |  

Indian online payments company Paytm’s parent has secured 4,724 Crore (appr. $660 million) from several large investors including Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and investments are overseen by T Rowe Price. The board members of One 97 Communications Ltd, Paytm’s parent, will be allocating… Read More

December 12, 2019 @ 6:31 am By Omar Faridi  |  

Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More

December 4, 2019 @ 7:30 am By Omar Faridi  |  

Rapyd, a multinational Fintech-as-a-service provider revealed on December 3 that Durable Capital Partners LP, had made an investment into its operations. This latest investment brings the total capital raised by Rapyd to around $180 million. This figure included the firm’s initial series A funding round,… Read More

November 30, 2019 @ 8:49 am By Omar Faridi  |  

Insurtech firm Acko General Insurance Ltd has recently raised $36 million via an investment round led by Ascent Capital. This, according to Acko’s filings with the registrar of companies (RoC). The Mumbai-headquartered insurtech company acquired allotments of “10 equity shares of ₹10 (appr. $0.14) each… Read More

November 27, 2019 @ 12:45 pm By Omar Faridi  |  

Enfuce, one of the largest Fintech firms in Finland, has raised €10 million (appr. $11 million) via an investment round led by Maki.vc. The round included venture debt from Nordea, LähiTapiola, and Finnvera. Enfuce is one of fastest-growing Fintechs in the Nordic region. The company… Read More

November 14, 2019 @ 1:51 pm By Omar Faridi  |  

Plum, an artificial intelligence (AI)-enhanced smart savings application, has raised around $3 million via its second investment round, bringing the company’s total funds raised to approximately $9.3 million. Plum recently introduced its new Android app, which extends the firm’s digital offering across Facebook Messenger and… Read More

November 14, 2019 @ 9:12 am By Omar Faridi  |  

Uncork Capital, a seed-stage VC firm, led a $4 million investment round for blockchain analytics company Messari. Coinbase Ventures, the venture capital arm of San Francisco-based crypto exchange Coinbase, also took part in Messari’s latest funding round. Messari’s management confirmed on November 13 that it… Read More

November 12, 2019 @ 1:20 am By Omar Faridi  |  

Immersive Labs, a UK-founded cybersecurity skills platform, raised $40 million through a Series B investment round led by Summit Partners, a growth equity investor. New York-based investment bank Goldman Sachs also took part in Immersive’s latest funding round. Established in 2017, the company noted that… Read More

October 23, 2019 @ 9:58 am By Omar Faridi  |  

London-based Santander InnoVentures recently led an expansion investment round for San Francisco-headquartered Roostify, an online mortgage lending platform. The size of the investment made has not been shared publicly. Established in 2012, Roostify provides an integrated platform that connects customers and lenders in order to… Read More

October 20, 2019 @ 4:06 pm By Omar Faridi  |  

Zürich-based Apiax, a Fintech firm that transforms complex regulatory requirements into digital compliance rules, has raised $6.6 million through a Series A investment round. Founded in 2017, Apiax is a Swiss Regtech firm that builds and provides tools to transpose written regulations into binary, machine-readable… Read More

September 29, 2019 @ 10:06 am By Omar Faridi  |  

Æ Ventures, an investment firm that provides initial funding, acceleration and advisory services to blockchain-related projects, revealed that its Starfleet Accelerator Program has exceeded $1.6 million in total investments. The company said it’s now accepting applications for its third financing round. The third edition of… Read More

August 6, 2019 @ 8:28 am By Samantha Hurst  |  

Digital bank Penta announced on Monday it secured €8 million through its latest investment round, which was led by HV Holtzbrinck Ventures. Founded in 2017, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and startups. Its key mission… Read More

September 13, 2018 @ 12:00 pm By Samantha Hurst  |  

Bloom Credit, a U.S.-based financial wellness platform, announced on Thursday it secured $3.87 through its seed investment round, which was led by Resolute Ventures with participation from Kindred Ventures and Slow Ventures. Founded in 2017, Bloom Credit was a graduate from the 500 Startups Batch 20… Read More

July 12, 2018 @ 8:55 am By Samantha Hurst  |  

Emma Technologies announced this week it raised £420,000 through its latest investment round, which was led by Kima Ventures, one of the first investors in Transferwise, and Aglaè Ventures, the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb. As previously reported, Emma has created a… Read More