Cents Announces $40M Series B Funding to Support SMBs in the Garment Care Industry
- 18 hours 22 min ago
- Fundraising News
Cents, the largest leading all-in-one business management platform powering the way garment care SMBs grow, manage, and understand their businesses, today announced the close of its $40M Series B funding round. The round was led by Camber Creek with participation from previous investors Bessemer Venture Partners and Tiger Global.
Walnut Insurance Secures $4.6M To Transform Insurance Distribution With Embedded Technology
- 1 day 21 hours ago
- Fundraising News
Walnut, an innovative force in the insurance distribution industry, today announced the successful close of its latest funding round, securing $4.6M. The investment will be used to expand Walnut's groundbreaking embedded insurance technology platform for insurers, brokers and enterprise businesses looking to participate in the future of insurance distribution.
Uzum Prepares For Series B Funding Round
- 4 days 17 hours ago
- Fundraising News
Uzum, a leading ecosystem of digital services in Uzbekistan, today announces its key performance highlights for the six months ended 30 June 2024. Key Operating and Financial Highlights · Marketplace GMV grew 4 times year-on-year · Loan portfolio of Uzum fintech services more than doubled
CloudPay Secures $120 Million Funding To Further Strengthen Its Global Customer Base
- 4 days 21 hours ago
- Fundraising News
CloudPay, the leading independent provider of global payroll and payment solutions, today announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay's capital base and provides flexibility for future growth opportunities.
Stori, the Mexican Unicorn, Secures US$212 Million Investment to Advance its Leadership in Mexico's Financial Sector
- 5 days 18 hours ago
- Fundraising News
Stori, the pioneering Mexican startup dedicated to revolutionizing consumer finance with a suite of groundbreaking products and services, announced a new round of equity and debt financing totaling US$212 million.
Octane Raises $50 Million in Series E Funding Round
- 1 week 16 hours ago
- Fundraising News
Octane® (Octane Lending, Inc.®, the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million in total equity funding to date.
Qardy Secures 7-Figure Pre-Seed Round to Transform Lending Marketplace in MENA, Backed by Key Investors
- 1 week 16 hours ago
- Fundraising News
Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), is proud to announce that it has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant milestone underscores the confidence that investors have in Qardy’s... more
Savvy Wealth Completes $26.5 Million Series A Round to Modernize Wealth Management With Transformative AI Tools
- 1 week 1 day ago
- Fundraising News
Savvy Wealth has successfully raised a $15.5 million Series A-2 funding round, completing their $26.5 million Series A. This round was led by Canvas Ventures with contributions from Thrive Capital, Brewer Lane, Index Ventures, and others, bringing Savvy Wealth’s total funding to over $33 million since its inception three years ago.
ThinCats Secures £75m Mezzanine Funding From CPP Investments
- 1 week 1 day ago
- Fundraising News
The facility is the latest line of funding secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending. CPP Investments’ funding forms part of the £700m private warehouse launched in September 2023. That facility was one of the largest, dedicated funding lines with a non-bank lender for mid-market SMEs and currently has deployed £440m.
iLex Raises $7M to Expand Next-Gen Loan Distribution Solutions
- 1 week 4 days ago
- Fundraising News
iLex, a leading fintech developing the next-generation distribution platform for syndicated loans, today announced the addition of $2.5 million to its pre-Series A round. This brings iLex’s total pre-Series A round to $7 million and total capital raised to date to $11 million. The investment will be used to advance its product roadmap, including the launch of a new primary syndication solution, and accelerate platform adoption in EMEA and APAC.
Tallinn Fintech Mifundo Lands €2.5 Million for Cross-Border Lending Revolution
- 1 week 4 days ago
- Fundraising News
Estonian fintech Mifundo has made history by becoming the first fintech to receive full funding from the European Innovation Council (EIC) Accelerator, securing €2.5 million in grants and investment.
Vilnius-Based BoBo Secures €6.5 Million for Instant Large-Scale Cross-Border Transactions
- 1 week 4 days ago
- Fundraising News
Bourgeois Boheme, a fintech company targeting the next generation of successful entrepreneurs, has closed a €6.5 million seed round led by Graphit Lifestyle.
Aviva Secures $5.5 Million in Seed Investment Round
- 1 week 4 days ago
- Fundraising News
Aviva is thrilled to announce the successful closure of its $5.5 million seed investment round. This funding round was oversubscribed, underscoring the robust unit economics of Aviva's innovative phygital model and its commitment to delivering accessible financial services to the 70 million underserved individuals in the market.
MNT-Halan Expands into Turkey with Acquisition of Tam Finans and Raises $157.5 Million
- 1 week 5 days ago
- Fundraising News
MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development. Terms of the transaction were not disclosed.
Layer2 Financial Secures $10.7M in Series A Funding
- 1 week 5 days ago
- Fundraising News
Layer2 Financial is thrilled to announce the successful close of their $10.7 million Series A funding round, led by Galaxy Ventures with key support from Accomplice. This funding validates the innovative work Layer2 has done in bridging digital and traditional fiat systems. Founded by Tarun and his co-founder, Layer2 aims to revolutionize global money movement. With this new funding, they are set to enhance cross-border payments, making them... more
