Tagged: investment

Chinese Fintech WeLab Secures $156 Million Through Series C Financing Round

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

Ping An Completes First Venture Investment in India

Ping An Insurance Group announced on Thursday that Ping An Global Voyager Fund, its overseas investment arm, has led a $70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. Ping An reported that this is its first venture investment… Read More

UK Insurtech Startup Cuvva Secures £15 Million Through Series A Funding Round

Cuvva, an insurtech startup that is based in the UK, announced earlier this week it secured £15 million through its Series A funding round. Founded in 2015, Cuvva claims it is building a new kind of insurance that’s flexible, simple and jargon-free. The company noted… Read More

Health Savings Account Provider Starship Secures $11 Million in Total Funding

Starship, a health savings account provider for drivers, delivery persons and carriers who use the Uber app, announced on Wednesday it secured $11 million in total funding. This news comes just after the company raised the first $7 million through its Series A funding round,… Read More

PeerStreet’s New Milestone: Achieves $3 Billion In Loan Transactions

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PeerStreet, a leading platform for investing in real estate backed loans, announced last week that more than $3 billion in loans have been transacted through its marketplace portal since its launch. The latest milestone comes just one month after PeerStreet secured $60 million through its… Read More

Canadian Neobank Koho’s Series B Funding Round Secures Additional $25 Million

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

Overfunding: UK Agriculture Startup DryGro Quickly Surpasses £980,000 Funding Target on Seedrs

DryGro, a UK-based agriculture startup that has developed new technology to grow food in dry places, has successfully secured its initial £980,000 funding target through its equity crowdfunding campaign on Seedrs. The company is offering 8.24% in equity through the funding round at a £10,918,936… Read More

Home Insurance Provider Openly Secures $7.65 Million Through Latest Seed Funding Round Led By Gradient Ventures

Openly, a U.S.-based tech-enabled home insurance provider, announced last week it secured $7.65 million through its latest seed funding round, which was led by Gradient Ventures, Google’s AI-focused venture fund. Founded in 2017, Openly claims it offers comprehensive homeowners insurance to help independent insurance agents… Read More

Mobile Banking Platform Baanx Now Seeking £600,000 in Funding Through Seedrs Equity Crowdfunding Round

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, has launched an equity crowdfunding campaign on Seedrs to raise £600,000 in funding. Launched in 2018, the company reported that it is looking for real change in the Digital Banking and Cryptocurrency sector. “In short,… Read More

Securitize, a Compliant Blockchain-based Securities Platform, Acquires Strategic Investment from SBI Holdings

Securitize, a globally accessible solution for developing compliant, blockchain-based digital securities, has reportedly completed another strategic fundraise in order to further develop its technology platform to “modernize the legacy securities industry.” The latest investment comes from SBI Investment, a subsidiary of Tokyo-listed SBI Holdings, Inc.,… Read More

NEM Ventures Strategically Invests in Cyclebit, a Company that Provides Tools for Accepting Cryptocurrency and Fiat Payments to Online and In-Store Merchants

NEM Ventures, the venture capital and investment division of the NEM blockchain ecosystem, one of the world’s largest cryptocurrency platforms with a market cap of more than $300 million (at time of writing), has reportedly made an investment in Cyclebit, a provider of “simple, affordable… Read More

Global Insurtech Cover Genius Secures $10 Million Through Series B Funding Round Led By King River Capital

Global insurtech company Cover Genius announced last week it secured $10 million through its Series B funding round, which was led by King River Capital with participation from Belfer Family, Jasper Tans, Regal Funds Management, and Marinya Capital. Founded in 2014, Cover Genius claims to… Read More

UK-based Fintech Modulr Says It’ll Invest Most of Its £20 Million Funding in Scotland’s Financial Tech Sector

London-based Fintech firm Modulr revealed on October 30 that it’s planning to invest most of its £20 million in funding in Scotland’s financial technology sector, in order to promote innovation and support the nation’s role as a leading tech hub. Modulr’s investment-related decision has come after… Read More

Huobi Japan Receives $4.6 Million Investment from Tokyo’s Financial Products Group

Singapore-based crypto exchange Huobi’s Japan division has reportedly received nearly 500 million yen (appr. $4.6 million) in funding from a major Tokyo-listed firm focused on several areas including leasing, real estate, insurance brokerage and mergers and acquisitions (M&A). As noted in Huobi’s press release, the… Read More

U.S. Fintech West Creek Secures $150 Million Credit Facility From Pollen Street Capital to Expand Point-of-Sale Financing

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West Creek, a U.S.-based fintech company that provides point-of-sale financing, announced on Thursday it secured a $150 million credit facility from Pollen Street Capital, bringing the company’s total credit facility capacity to $250 million. Founded in 2014, West Creek claims it focuses on using big data… Read More

U.S. Fintech Galileo Financial Technologies Secures $77 Million Through Series A Funding Round Led By Accel

Galileo Financial Technologies, a U.S.-based fintech, announced on Thursday it secured $77 million through its Series A funding round, which was led by Accel with participation from Qualtrics Co-Founder and CEO Ryan Smith.   Founded in 2000, Galileo claims it has grown to become one of… Read More

eToro Set to Use AI With New Sentiment-Based Cryptocurrency Investment Strategy

eToro, a global social trading platform, announces on Tuesday the launch of TheTIE-LongOnly CopyPortfolio, which offers users access to a sentiment-based, AI-driven investment strategy from The TIE, a cryptocurrency data analytics platform trusted by some of the largest traditional quantitative hedge funds as well as… Read More

BBVA Announces Investment in Spanish Fintech Startup PrivacyCloud

BBVA announced on Tuesday it led the first funding round of PrivacyCloud, a Spanish startup developing a series of tools to allow users to control how their data are used by businesses to create commercial or marketing offers. La Sexta Opción, an investment vehicle promoted and… Read More

ArborCrowd Announces New Offering For Miami’s Biscayne 112 Property

Commercial real estate crowdfunding platform ArborCrowd announced last week a new offering today that allows investors to acquire equity interests in Biscayne 112, a Class-A, ground-up development located at 11200 Biscayne Boulevard in North Miami. According to ArborCrowd, the offering presents an opportunity for investors… Read More

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