Engagement Banking Leader Backbase Raises €120M from Motive Partners

Backbase, the creator of the category-leading Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering with a Fintech specialist private equity firm, to further strengthen its claim in the Engagement Banking category. This growth investment values Backbase at €2.5 billion.

Codat Raises $100 Million to Build the Internet for Business Data

Today Codat, the universal API for small business data, announced that it has raised $100 million in a Series C investment round led by JP Morgan Growth Equity Partners. Canapi Ventures and Shopify also participated in the round and Plaid has been publicly named as an investor for the first time. Existing investors Index Ventures and PayPal Ventures also participated in the round. As part of the financing, Patrick McGoldrick, Partner at J.P. Morgan Growth Equity Partners will join Codat’s board.

Live Oak Ventures Participates in Series B Financing of AgencyKPI

Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in AgencyKPI, the developer of the first business intelligence platform designed to address and manage data in the insurance industry. Live Oak participated in the Series B round of financing which will support the software company’s growth and add resources to continue building cloud-based software that strengthens the ability of independent insurance agencies to assess data to remain nimble and profitable.

LiquidX Announces Strategic Investment by Citi

LiquidX, the leading global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets announced a strategic investment from Citi, one of the largest trade finance banks in the world. The funding round was led by Broadridge, LiquidX’s largest strategic investor. The investments underscore LiquidX’s position as the industry’s leading innovator in supply chain digitization and automation, which will deliver transformative efficiencies and value to all commercial users of the platform.

Kushki Reaches Unicorn Status with $100M in New Funding to Accelerate its Development of a Modern Payment Infrastructure in Latin America

Kushki, the payment technology company that connects LatAm through payments, announced a $100 million extension of its Series B fundraising at a valuation north of a billion dollars. The latest round includes participation from new and existing investors including Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital among others, and brings the total amount raised in the combined Series B to $186 million.

LoopingOne Secures €800.000 Strategic Investment From Ebury and Forms Partnership Between Companies

LoopingOne, the most flexible KYC and Payments platform for Marketplaces and Platforms has closed its first seed round from Ebury, one of the world's largest fintech companies offering financial solutions to simplify international trade. The investment aims to further develop the LoopingOne product and start the Electronic Money Institution (EMI) application process at the Dutch Central Bank (DNB). An integration with Ebury will also give LoopingOne the capability to offer multi-currency services to its marketplace customers from the get-go.

Cryptio Raises $10 Million for Their Enterprise Crypto Back-Office Platform

Cryptio, an enterprise-grade back-office platform, has secured $10 million in a Series A round led by Point Nine, early investors in Chainalysis, Zendesk, and Revolut. Other participants include BlueYard, Alven, Coinshares, Avantgarde Finance, Protocol Labs, and Draper Associates. Senior executives from Twitter, GoCardless, Fireblocks, and Ledger also participated in the round as angel investors. Accountability and reporting are a priority – both for crypto-native businesses and financial institutions with digital assets operations and holdings, especially in turbulent markets.

CybSafe Raises $28M Series B Funding Round as it Eyes up Global Leadership

CybSafe, the cybersecurity software company using behavioral science and data science to transform security awareness and human cyber risk management, announced it has closed a $28 million Series B funding round, taking its total funding to $40M. The round was led by Evolution Equity Partners, with participation from Emerald Development Managers and existing investors IQ Capital and Hannover Digital Investments (HDI) GmbH.

Klasha Closes a $4.5 Million Seed Fundraise, with an Additional $2 Million Raised

Klasha, a San Francisco and Lagos-based technology company transforming cross-border African commerce, announces an additional $2.1 million fundraising - to complete its $4.5 million seed round. The funding round included Amex Ventures - its first investment in an African-focused startup.  Klasha’s funding round also included Global Ventures, a leading MEA-focused venture capital firm. Klasha will use the proceeds to expand into five more African countries in 2022 and re-launch its consumer app - renamed KlashaCart - to allow African consumers to shop from eligible international merchants online.

Crypto DEX ApolloX Secured Seed Funding

ApolloX, one of the top 10 decentralized exchanges (DEXes) on CoinMarketCap as of June 2022, announcedthat it has secured an undisclosed amount in seed funding from investors including Binance Labs and Kronos Research. Other investors who participated in the round include Lingfeng Capital, SafePal, Token Pocket, 3Commas and LUX Capital. The strategic funding will help ApolloX expand its current product and build new product lines in the ecosystem —  including spot trading, predict-to-earn, and DEX-as-a-Service.

Keepit Receives $22.5 Million Funding from Silicon Valley Bank

Copenhagen-based cloud backup platform Keepit has raised $22.5 million in debt financing from Silicon Valley Bank (SVB) in partnership with Vaekstfonden. The new funding will drive the platform’s international expansion and product development as it continues to scale its SaaS data protection platform. After 20 years of bootstrapping, the Danish company had raised $30 million in funding in 2020. The Series A round was the single largest SaaS investment in a bootstrapped company in the Nordics, according to Crunchbase.

Micro MSME Fintech ARTH Raises $2.5 Million

ARTH, a micro MSME fintech, has raised $2.5 million in a funding round led by DEG, MIT alumni and US and Canadian angel investors. The fresh fund will be used to expand the suite of financial services being offered to ultimately be a single-point platform for micro MSMEs. It will also be used for strengthening the technical capabilities and building robust risk management systems to meet the scale requirements.