Tagged: investment

April 6, 2018 @ 12:00 pm By Samantha Hurst  |  

PeerStreet, an online platform for investing in real estate backed loans, announced on Friday it secured $29.5 million through its Series B funding round to further transform real estate investing. The round was led by World Innovation Lab. with participation from existing investors Andreessen Horowitz, Thomvest,… Read More

April 4, 2018 @ 4:08 pm By Samantha Hurst  |  

Bitt, a Barbados-based fintech company, announced this week it closed its Series A investment round with an investment from retail giant Overstock.com of $16 million, placing the company’s valuation at $50 million. Founded in 2013, Bitt states it utilizes distributed ledger technology to improve speed, efficiency,… Read More

April 3, 2018 @ 9:21 am By Samantha Hurst  |  

Blockchain payments technology platform BitPay announced it has secured $40 million through its extended Series B funding round, which included participation from Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an affiliate of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klaus Family Office,… Read More

April 2, 2018 @ 2:38 pm By Samantha Hurst  |  

Oscar Health, a U.S.-based insurtech, announced last week it has raised $165 million through its latest investment round led by Brian Singerman and Founders Fund. Founded in 2013, the company stated it is focused on utilizing technology, design, and data to humanize healthcare. “We’re a group… Read More

April 2, 2018 @ 11:23 am By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced last week it secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners.  Founded in 2015, Root described itself… Read More

April 2, 2018 @ 8:43 am By Samantha Hurst  |  

Atidot, an Israel-based insurtech company empowering the life insurance industry with big data and predictive analytics, announced last week it secured $5 million through its Series A funding round, which was led by Vertex Ventures with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and… Read More

March 29, 2018 @ 12:00 pm By Samantha Hurst  |  

On Wednesday, Credit Karma announced it secured a $500 million strategic secondary investment from technology investment firm Silver Lake. According to Credit Karma, Silver Lake will acquire a significant minority in the company. Founder and CEO Kenneth Lin will remain the largest shareholder, and together with co-founders Nichole… Read More

March 28, 2018 @ 2:13 pm By Samantha Hurst  |  

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, announced on Wednesday it secured £2 million through its latest investment round, which was led by Equity Gap and included a number of prominent private investors from Scotland’s entrepreneurial and finance scene and the… Read More

March 27, 2018 @ 10:56 am By Samantha Hurst  |  

Oodle Car Financing, a UK-based car fintech startup, has secured a 100 million facility from Citigroup. Founded in 2016, the company states its goal is match customers with the right loans, cars, and dealers. “In this fast-paced world owning a car should be affordable for… Read More

March 27, 2018 @ 9:09 am By Samantha Hurst  |  

Fintech startup and practice management platform for tax professionals, Canopy, announced on Tuesday it secured $30 million through its latest funding round, totaling $60 million secured to date. The funding round was led by New Enterprise Associates (NEA), with participation from Wells Fargo Strategic Capital, Pelion Ventures,… Read More

March 26, 2018 @ 2:51 pm By Samantha Hurst  |  

Insly, a cloud-based insurance platform, announced last week it secured €2.2 million during its latest investment, which was led by Concentric and Black Pearls VC. Founded in 2000, Insly describes itself as an insurance software development company that offers insurance policy management for insurance brokers, insurance… Read More

March 22, 2018 @ 2:00 pm By Samantha Hurst  |  

Global internet and entertainment group Naspers announced on Thursday it is planning to sell up to 190 million Tencent Holdings Limited (Tencent) shares, equal to approximately 2% of Tencent’s total issued share capital, which would reduce its stake in Tencent from 33,2% to 31,2%. The… Read More

March 22, 2018 @ 1:00 pm By Samantha Hurst  |  

Equity crowdfunding platform Invesdor announced on Thursday it has teamed up with InvestorConnect to launch a new competition called PitchPerfect. The funding portal describes the competition as a “Dragons Den meets strictly come dancing for a fun and innovative pitching competition.” The event will take place on… Read More

March 19, 2018 @ 9:29 am By Samantha Hurst  |  

German mobile bank N26 has secured €110 million during its Series C funding round, which was co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a provider of internet value-added services in China. This news comes nearly six months after… Read More

March 16, 2018 @ 12:21 pm By Samantha Hurst  |  

Less than two months after it raised £829,370 through its equity crowdfunding campaign on Crowdcube, UK-based insurtech Honcho has secured a £150,000 from the Finance Durham Fund.  As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a competitive real-time bidding process in order to… Read More

March 16, 2018 @ 11:49 am By Samantha Hurst  |  

HCS Capital Partners (HCS) a Miami-based Private Equity and operating firm, announced this week it has completed a $4 million investment in insurtech startup, FIGO Pet Insurance. HCS reported that this is investment marks the most recent for the firm as it continues to deploy capital… Read More

March 14, 2018 @ 1:13 pm By Samantha Hurst  |  

AccessPay, a UK-based fintech, has received a £1 million investment from NPIF – Maven Equity Finance, which is managed by Maven Capital Partners. Founded in 2012, the company stated it is on a mission to redefine the corporate banking experience, to empower treasury and finance… Read More

March 13, 2018 @ 10:00 am By Samantha Hurst  |  

Pine Labs, an India-based digital payments platform, has secured $82 million through its latest investment round, which was led by Actis Capital, with participation from Altimeter Capital. Founded in 1998, Pine Labs stated it began its journey with specialty payment & loyalty solutions for closed-user group… Read More

March 8, 2018 @ 10:17 pm By Samantha Hurst  |  

solarisBank, a German digital-only bank, announced on Thursday it has successfully secured  €56.6  million through its Series B funding round. Participants from the round include current investors Arvato Financial Solutions and SBI Group, renowned global companies BBVA, Visa, Lakestar and ABN AMRO’s Digital Impact Fund (DIF) have… Read More

March 8, 2018 @ 10:04 pm By Samantha Hurst  |  

LendInvest announced on Thursday it has provided a £5.5 million loan to experienced borrower, Ross Harper, to fund the development of 24 new homes in Glasgow, Scotland. According to the online lender, the development finance loan is funding the conversion of a Grade II listed former… Read More