Tagged: investment

Peter Thiel-Backed Opening Banking Platform Deposit Solutions Secures $100 Million Through latest Investment Round Led By Vitruvian Partners

Deposit Solutions, a Germany-based opening banking and international platform for savings deposits, announced on Wednesday it secured $100 million through its latest investment round, which was led by Vitruvian Partners with participation from Kinnevik and existing shareholders including Deposit Solutions‘ first institutional shareholder e.ventures. The funds reportedly bring… Read More

Crypto Exchange Huobi Announces Strategic Partnership & Investment With OpenFinance Network

Singapore-based blockchain asset financial service provider and crypto exchange Huobi announced on Wednesday it has entered into a strategic partnership and invested in U.S.-compliant security token trading platform, OpenFinance Network. According to Huobi, the new partnership will introduce both platforms to new markets and allow collaboration… Read More

Canadian Fintech Progressa Secures $84 Million Through Latest Equity Funding Round Led By Canaccord Genuity & Gravitas

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

Sberbank Is Investing RUB 27 Million in Six Startups Though In-House Accelerator

Russian banking firm Sberbank announced on Thursday it is set to invest RUB 27 million in six start-ups, created by employees through its in-house accelerator program, Sber#Up. According to Sberbank, Sber#Up in-house accelerator is a program that offers all the banking group’s employees support to create their… Read More

Even Financial Secures $25 Million Through Series A Funding Round Led By GreatPoint Ventures

Even Financial, the platform powering financial services online, announced on Tuesday it secured $25 million through its Series A funding round, which was led by GreatPoint Ventures with participation from Goldman Sachs, Canaan Partners, F-Prime Capital, Lerer Hippeau and notable investors, including NerdWallet co-founder Jacob Gibson and Jason Owen,… Read More

Visa Invests In & Partners With Isreali Startup Behalf As Part of $100 Million Fintech Investment Program

Credit card giant Visa (NYSE: V) announced on Tuesday it has invested and partnership with Israel startup Behalf to support small business growth through easy-to-access capital and financing. The company reported that this partnership and investment is part of its $100 million Visa FinTech Investment Program. Founded in… Read More

U.S. Fintech DriveWealth Teams Up With Bambu to Launch Robo Platform For Registered Investment Advisors

DriveWealth Holdings, Inc., a U.S.-based fintech company providing brokers, digital advisors, and mobile online financial services companies seamless access to the U.S. securities market, announced on Tuesday it has teamed up with Bambu, a global provider of robo-advisory technology, to launch a robo platform for registered… Read More

Cryptocurrency Exchange Radar Relay Secures $10 Million Through Series A Funding Round Led By Blockchain Capital

Radar Relay, a U.S.-based cryptocurrency exchange, announced earlier this week it secured $10 million through its Series A funding round, which was led by Blockchain Capital, with participation from Digital Currency Group, Distributed Global, Elefund, and Tusk Ventures. Radar Relay notably facilitates wallet-to-wallet trading using an open… Read More

Crowdstreet Raises $8 Million Through Series B Funding Round Led By Grotech Ventures

Commercial property investment marketplace CrowdStreet announced on Tuesday it secured $8 million through its Series B funding round to fuel its next stage of growth. The latest funding round was led by Grotech Ventures, with the continue participation from existing investors Rally Ventures, Seven Peaks… Read More

BlueVine Receives Additional $12 Million Investment From Microsoft’s Venture Fund M12 & Nationwide; Brings Series E Total Funding to $72 Million

Online lender BlueVine announced on Tuesday it secured $12 million from new investors, M12, Microsoft’s venture fund, and the venture arm of insurance and financial services provider, Nationwide. According to BlueVine, the additional funding announcement comes eight weeks after the lender reported it had raised $60 million… Read More

Irish Cross-Border B2B Payments Firm TransferMate Secures €21 Million Investment From ING

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More

Global Payments Firm Flywire Secures $100 Million Through Series D Funding Round Led By Temasek

Flywire, a U.S.-based fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced on Thursday it secured $100 million through its Series D funding round, which was led by Temasek, an investment company headquartered in Singapore, and with participation from… Read More

OpenInvest Secures $10.4 Million During Series A Funding Round Led By QED Investors

OpenInvest, an impact investing platform empowering individuals to drive social change with their dollars, announced on Thursday it secured $10.4 million through its Series A funding round, which was led by QED Investors, with additional participation from Andreessen Horowitz (who led OpenInvest’s previous venture round in… Read More

Update: Emoov Surpasses £1.7 Million During the Final Days on Crowdcube

Online real estate agency eMoov announced it is closing its latest Crowdcube campaign earlier than originally planned. The funding round launched at the end of June and quickly secured its initial £1 million funding target in less than 24 hours. It has now surpassed more than… Read More

Personal Financial Platform Even Secures $40 Million Through Latest Investment Round

Even, a U.S.-based personal finance platform, announced this week it secured $40 million through its latest round of funding, which was led by  Keith Rabois of Khosla Ventures, with participation from Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank, and BCVP…. Read More

Trade Finance Distribution Platform Tradeteq Secures $6.3 Million During Seed Extension Funding Round Led By ADV

Tradeteq, a UK-based trade finance distribution platform, has successfully secured $6.3 million through its Seed Extension round, which was led by ADV. Founded in 2016, Tradeteq notably provides a collaborative network for trade finance investors and originators to connect, interact, and transact. The company also delivers AI-powered… Read More

Peter Thiel & Bitmain Invest in EOS Creator Block.one

Block.one, the creator of the EOSIO (EOS) blockchain protocol, announced on Monday that venture capitalist and entrepreneur Peter Thiel has invested in the company, along with other notable investors, Bitmain, Louis Bacon, and Alan Howard. According to Block.one, the investment round follows an earlier round… Read More

Cross-Border E-Payment Specialist PPRO Group Secures $50 Million Through Investment Round Led By PayPal With Participation from Citi Ventures

PPRO Group, a UK-based cross-border e-payment specialist, announced on Monday it secured $50 million through its latest investment round, which was led by PayPal with participation from Citi Ventures and return investor HPE Growth Capital. Founded in 2006, PPRO, which is an FCA authorized e-money institution, enables businesses to accept… Read More

Update: eMoov Surpasses £1.5 Million in Funding Through Latest Crowdcube Round

Just a couple weeks after launching its latest equity crowdfunding campaign on Crowdcube, online real estate agency eMoov has successfully raised £1.5 million from nearly 700 investors. The funding round launched earlier this month and surpassed its initial £1 million funding target in less than… Read More

Japan Instant Post-Pay Credit Service Paidy Secures $55 Million Through Series C Funding Round

Paidy, Inc., a Japan-based post-pay credit account company, announced on Thursday it secured $55 million through its Series C funding round, which was led by ITOCHU Corporation with participation from Goldman Sachs. The company reported combined with its two previous Series A and B rounds,… Read More