From $46billion to $6.5billion - Klarna's Valuation Will Fall in the Company's Next Funding Round

According to the Wall Street Journal, Klarna is nearing a capital round that would reduce the BNPL giant's valuation from $45.6 billion to roughly $6.5 billion. The Journal reports that Klarna is attempting to raise $650 million, most of which will come from Sequoia Capital, the company's largest investor. When the company was riding the buy now, pay later wave, its $639 million investment round in June of last year's valuation represented a significant discount.

Sustainable Crypto Yields with MoHash as it Raises $6M for DeFi Protocol

Penetration of global capital into emerging market private debt is minimal and liquidity is non-existent. MoHash is providing access to global capital and liquidity to debt issued by non-bank lenders using DeFi as a tool. Crypto already has close to $150B balances in stablecoin earning high risk, unsustainable and crypto correlated yields thus providing the intersection for MoHash to unlock value as it announces a $6M seed funding round.

UK Unicorn Zilch Extends Series C by $50M Bringing Total to $160M

Zilch, the London-based double unicorn, announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m. The extension brings Zilch’s total funding to more than $460m in debt and equity and sees the fintech company maintain its valuation. The additional capital will be used to further fund business growth, with a focus on the US market where Zilch recently opened its Miami office.

FNZ Leads Series-A Investment in Fintech Start-up Bondsmith

FNZ, the leading global wealth management platform, has led a Series-A investment in Bondsmith, the fintech providing innovative cash management and savings solutions for the wealth industry. The investment forms part of a wider partnership that sees Bondsmith’s market-leading solutions integrated into FNZ’s cutting-edge global wealth management platform, further enhancing the technology that supports over 650 of the world’s leading financial institutions and 8,000 wealth management firms in 21 countries.

Ophelos Raises £5M in Seed Funding Led by AlbionVC to Revolutionise the Debt Collection Industry in the UK

Ophelos, the technology firm and pending B-corp using AI to radically rethink the debt resolution process in the UK, has raised its Seed round, totalling £5 million (GBP). The funding round was led by AlbionVC, which has previously invested in fintechs such as Quantexa and Credit Kudos. Contributions were also made by Vast Ventures, an early investor in Coinbase and Tala, regulatory and public policy experts Form Ventures, as well as existing investors Connect Ventures and Fly Ventures.

Circulor Raises $25M, Demonstrating Growing Global Demand for Transparent, Secure, and Responsible Supply Chains

Circulor announces that it has raised $25 million (20 million GBP) in Series B funding, signalling growing market demand for more transparent and secure industrial supply chains. Circulor provides the most proven and mature solution for increasing supply chain visibility. A growing number of companies are turning to Circulor to gain data-driven insights into their business risks, greater accuracy in responsible sourcing, and digital proof to enable circular business models. 

Fintech Currensea Smashes Crowdfunding Target in Less than Two Hours as it Raises over £1m on Seedrs – Already Raised 135% of Target

Fintech Currensea has surpassed its crowdfunding target in under two hours after launching on the Seedrs platform. Currensea, a money-saving travel card linked to existing current accounts, has already raised £1.35m from over 350 investors – 135% of its initial target. Due to high demand, Currensea has reappraised its crowdfunding target and is currently continuing to accept investment from UK investors for a short time on the Seedrs platform.

A French Digital Asset Tech Company Flowdesk has Raised $30million

Active in the cryptocurrency sector for several years, the four co-founders of Flowdesk, Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux have been working in this sector since 2017 after careers in banking, algorithmic trading, engineering and entrepreneurship. During their respective experiences, they were marked by the siloing and fracturing of marketplaces and the technological barrier to properly handle the liquidity of crypto-asset projects.