13/05 – Weekly Investment & Fundraising News

  • Fundraising News
  • 13.05.2022 08:55 am

Token.io Secures $40 Million Investment to Scale Open Banking Payments in Europe​

Open banking payments platform, Token.io, announces it has raised $40 million in a Series C funding round co-led by Cota Capital and TempoCap, with participation by Element Ventures, MissionOG, PostFinance and existing investors Octopus Ventures, Opera Tech Ventures and SBI Investment. Torch Partners advised on the financing. The funding comes from a group of investors with deep expertise in fintech and payments, with track records of backing disruptive payments firms on rapid growth trajectories.

Deserve secures $250 million credit facility from Goldman Sachs, Cross River and Waterfall Asset Man

Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve's digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from financial institutions, fintechs, and consumers.

Fintech Company Spades has Successfully Closed a $2.5 Million Angel Round

Spades was founded by Mehdi Chraibi, Adnan Haque, and Sameer Poonja after successful careers building digital products used by millions of users at VISA, Emirates Airline, Oracle, Millicom and Rocket Internet. Their oversubscribed angel round of $2.5M also included prominent European business angels, such as Thibaud Elzière (Founder, Fotolia & eFounders), Eduardo Ronzano (Founder, KelDoc & Managing Partner, Secret Fund), and Yan Hascoet, Othmane Bouhlal, Omar Benmoussa - the Founders of Chauffeur Privé - Kapten (acquired by Free Now), which was closed with early investments from global & regional VCs such as Nordstar and Impact46.

India's AssetPlus Raises $3.6 million

AssetPlus has raised USD 3.6 million. Venture Catalysts, Swaroop “Kittu” Kolluri, Amit Nanavati, Kedar Kulkarni, and other angel investors joined Mr. Bhupinder Singh of InCred and Mr. Nithin Kamath of Rainmatter in this round of fundraising. The Chennai-based fintech intends to use the funds to grow its operations and add new financial products to its platform. AssetPlus, founded in 2018 by Awanish Raj and Vishranth Suresh, focuses on providing digital-first solutions to financial advisors and mutual fund distributors.

Brazil's Dock raises $110m in a Funding Round led by Lightrock and Silver Lake Waterman 

Dock, a leading full-stack payments and digital banking platform across Latin America, announced that it has raised $110 million in growth funding led by Lightrock and Silver Lake Waterman, with participation from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital, bringing its valuation to over $1.5 billion. The funds will be used to accelerate the company’s product development roadmap and international expansion plans, and to add new talent as Dock taps into the $18.5 billion total addressable market for card processing and banking-as-a-service in the Latin America region.

UK-based Bitfount Raises $5M Seed to Streamline Collaboration Between Organisations Working with Sensitive Datasets

Bitfount, the federated analytics and machine learning platform, announced that it has raised a $5M seed round as it continues to accelerate its product development and expand its engineering and design teams with key hires. The round, led by Ahren and Speedinvest, reflects the growing global demand for machine learning and analytics in every industry, alongside increased public and regulatory awareness of data privacy concerns, and the rise of the data-centric AI movement.

BVNK Raises $40M Series-A Round to Fuel Crypto-powered Payments

BVNK, the crypto-powered payments and banking platform for businesses, has secured USD 40m in Series-A funding to drive growth as it brings traditional finance and crypto together. The investment will fuel BVNK's launch into new markets, including the USA, accelerate its acquisition of regulatory licences, and support the expansion of product capabilities. While traditional payments running on legacy infrastructure suffer from excessive fees and slow processing times, the attributes of cryptocurrencies — digitally-native, offering almost-instant transactions and requiring fewer intermediaries — provide a foundation for more efficient financial services.

Aiven Raises $210M to Invest in Sustainable Open Source Cloud

Aiven, a software company that combines the best open source technologies with cloud infrastructure, announced it raised $210M in its Series D at a pre-money valuation of $3B. The round was led by Eurazeo, and joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures. The company has increased its headcount by more than 65% since October 2021 and aims to use the new funding to continue its international expansion, reaching beyond its newest hubs in Japan, Singapore and New Zealand, to other parts of the Asia-Pacific and Latin America regions.

Tumelo Raises $19m in a Series A Round Led by Treasury Venture Fund

Tumelo, a UK startup that helps investment platforms and pension providers give investors insight into which firms their money is being put into, and a voice on issues such as board diversity and climate change, has raised $19 million. The Series A round was led by fintech venture fund Treasury and joined by Legal & General, Fidelity International Strategic Ventures, Nucleus Adventure Capital, Lance Uggla, previous CEO of IHS Markit, and Jim Wiandt, founder of ETF.com.

$120 million Series E for Pyramid Analytics

Pyramid Analytics (Pyramid), a pioneering decision intelligence platform provider – next-generation business analytics for the enterprise – announced that it has closed a Series E funding round of $120 million, bringing the company’s total venture capital raise to more than $200 million. The round was led by H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with over $48 billion of equity capital under management1, with the participation of Clal Insurance Enterprises Holdings, Kingfisher Capital, and General Oriental Investments. Early investors who participated in this new round are JVP, Maor Investments, Sequoia Capital, and Viola Growth.

Gate.io Leads $10 Million Series A Funding for Stanhope Financial Group to Fuel Growth

Stanhope Financial Group, an Ireland-based global fintech company that provides businesses with a full suite of banking services, has raised in excess of USD 10 million for its Series A funding round. The funding, led by venture capital firm Gate Ventures, will be used to develop the group’s product offerings, strengthen the management team, increase its market share, and prepare for the launch company’s upcoming affiliate digital assets division, SH Digital.



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