Malaysian B2B Fintech Soft Space Raises US$31.5M in Series B1 Funding to Expand Global Footprint

Malaysian SoftPOS player Soft Space has completed a $31.5 million Series B1 funding to expand its global footprint and widen its customer base. Southern Capital Group led the funding round, with participation from returning investor transcosmos, strategic investor JCB, and venture capital fund Hibiscus Fund. Drone manufacturer Aerodyne Group held the previous Series B funding record in the country when it raised $30 million in October 2019.            

REGO Announces $100M in Funding & Partnership with Q2

Rego Payment Architectures, Inc. (“REGO”), the only COPPA-certified and GDPR-compliant provider of a white-label family digital wallet platform for financial institutions, announced that it has secured a critical banking partnership as well as raised approximately $100M funding to continue delivering its integrated banking solutions. Though the demand for banking products for children under 17 is high, state and federal lawmakers are increasing protections over children’s data and privacy.

British Patient Capital Invests £4M in Quantexa’s Series E Funding Round

British Patient Capital has announced a follow-on investment of £4m in Quantexa, a global data and analytics software company, as part of a £104.6m Series E funding round. The company is now valued at more than £1 billion and is BPC’s second unicorn in its direct investment portfolio. British Patient Capital participated in the funding round alongside lead investor GIC as well as Warburg Pincus, Dawn Capital, Evolution Equity, HSBC, AlbionVC, ABN and BNYM.

Fourthline Raises €50M to Transform Financial Compliance for Banks, Financial Institutions and Fintechs

Fourthline, the RegTech leader that provides AI-powered and compliant KYC and AML solutions, has raised€50m from Finch Capital and other new and previous investors. The Fourthline platform provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML and GDPR requirements in Europe and beyond. Fourthline’s AI-driven solutions unlock compliance for the entirety of the lifecycle, from onboarding, verification and analysis, through to investigations and continuous KYC, in all stages of business development.

South Africa’s Fintech Startup Peach Payments Raised $31M

South African online payments firm Peach Payments is looking to enter new markets after securing $31 million in funding led by Apis Growth Fund II. Peach Payments is the second largest online payment gateway in South Africa and has operations in Kenya and Mauritius. It now plans to enter new African markets. It provides a toolkit that enables merchants to accept, manage and make payments via mobile and the web.

Private Banking Startup Kashet Raises £5.4M

Kashet, a Swiss-UK-based private banking startup, has come out of stealth mode after raising £5.4 million in an initial funding round. Kashet is led by banking, technology, and service industry experts, including heavyweights Alex Wilmot-Sitwell from Bank of America and UBS, and Andrew Brookes of Bank of England, as well as international executives, Gary Steel and Jacob Waehrens.