Credit Card Challenger Yonder Emerges From Stealth With £20M Seed Funding

Yonder, a new credit card startup from ClearScore alumni, announced a £20M seed round ahead of its launch in the UK. The round was co-led by Northzone and LocalGlobe, with Seedcamp participating alongside a host of angels, including Sharmadean Reid, Marshmallow founders Oliver and Alex Kent-Braham, and Rio Ferdinand. The concept for Yonder was born of CEO Tim Chong’s frustration with the struggle of accessing a quality credit provider as an Australian in London - despite a successful career and excellent credit score back home.

HubSpot Partners with Pipe to Help Startups Unlock up to $100m in Fee-Free Funding

HubSpot, the customer relationship management (CRM) platform for scaling companies, announced its partnership with alternative financing platform Pipe in which Pipe will provide access to a total of $100 million in fee-free funding for HubSpot for Startups customers, while Pipe customers will receive a 30% discount on HubSpot's CRM Suite. The partnership enables startups to pursue business growth with HubSpot's market-leading CRM platform while accessing growth capital through Pipe. For founders who are looking to scale their businesses, the prospect of raising capital while managing the operations of their companies can feel especially daunting.

Global Research from NTT DATA Finds Half of Corporates want More Investment in Sustainable Banking Products and Services

NTT DATA, a digital business and IT services leader, announced the results of its annual global banking research report. The report compared the latest demands from the largest corporate businesses with current investment priorities of global banks. It found a shift in post-pandemic corporate banking towards more integrated, digitized, sustainable banking aligned to the new generation of millennials taking up senior positions in corporate businesses. The research was conducted across 12 countries and interviewed 880 senior decision-makers across banks and corporates to gain a deep understanding of how corporate banks must futureproof themselves.

Dapio Raises $3.4M to Bring ‘Tap to Pay’ to Android Users in UK and Europe

Dapio, the cashless payment solutions provider for businesses, announced it has raised $3.4M in growth funding to fuel the launch of its ‘Tap to Pay’ solution for Android users in the UK and Europe. The funding was led by Flutterwave alongside Techstars, PactVC and Daniel Gould, venture partner at Asymmetry Ventures. Dapio, formerly Paymob, makes it easy for businesses to accept cashless payments quickly and securely in store, over the phone or on the move, anywhere in the world. Its technology transforms any Android smartphone into a payment terminal able to accept contactless payments.

Douugh Secures Up to $20m in Discretionary Equity Funding from US Investment Fund Long State

Douugh Ltd (ASX: DOU) & (OTCQB: DOUUF), the banking ‘super app’ on a mission to help customers manage and grow their money, announced it has entered into a $20 million equity placement facility agreement with Long State Investments Limited. Based in New York City, Long State has significant experience in investing in disruptive early-stage public companies in high growth-oriented sectors, including fintechs. The Agreement will provide Douugh with a fully flexible, on demand funding facility.

ProjectPay Announces Investment Round to Disrupt Construction Sector Payments

Global construction payments fintech ProjectPay has launched its first investment round, having recently joined forces with Lloyds Bank in the UK to protect and streamline UK Construction Sector payments. The company plans to raise at least £5.6m to accelerate ProjectPay’s UK expansion and launch into the US, to become the main global payments provider for building projects. ProjectPay helps small and medium-sized contractors release immediate payments from approved invoices - providing payment certainty even in the event of a contractor collapse higher in the supply chain.

ArK Kapital Raises €165m to Help Startups Grow Smarter Through AI-powered Financial Forecasts and Non-dilutive Funding

ArK Kapital – the data-driven precision finance company enabling startups to grow faster and smarter through long-term loans, maintaining control for founders and reducing risk for investors – announces it has raised €165m in seed funding. A combination of debt and equity, the round was led by Local Globe, with participation from Creandum and angel investors including Supercell CEO Ilkka Paananen, iZettle founder Jacob de Geer, and EQT Ventures founding partner Hjalmar Winbladh. Beyond investing in promising companies, the new capital will be used for R&D and doubling the 20-person team within 2022.

Fintech Zimpler Raises Funding to Accelerate Its Growth Within A2A Payments

Zimpler, a leading Swedish fintech within the payments space, has raised new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house focused on long-term quality growth. The investment will enable Zimpler to further drive its exponential growth journey and accelerate the company’s commercial development by broadening its customer base and investing in developing new customer verticals. It will also allow Zimpler to continue the march toward expanding its geographical network, both in Scandinavia and worldwide.

Modern Treasury Raises Additional $50 Million From SVB Capital, Salesforce Ventures in its Series C Round

Modern Treasury, a software platform that enables firms of all sizes handle money confidently, announced a $50 million Series C financing led by SVB Capital and Salesforce Ventures. The round garnered $135 million at a valuation of over $2 billion. A new category of payment operations is emerging, updating the way organizations move and manage money, and facilitating the creation of new products that fuel growth in key industries like healthcare, real estate, and finance. Modern Treasury customers now reconcile over $2.8 billion per month, up from $1 billion a year ago.