Clear Street Receives $270M Investment from Prysm Capital in Series B

New York-based independent prime broker Clear Street has been valued at $2bn following the close of a $270m investment from growth equity firm Prysm Capital. This fresh capital is the second tranche of a $435m Series B funding round. In addition to Prysm Capital, Series B has received backing from a diverse institutional investor base, including public pension funds and endowments. The funds have been earmarked to expand Clear Street’s reach across new markets and asset classes.

The Corporate Venture Capital unit of Deutsche Börse Group Leads €8 Million Investment Round in Next Gate Tech

Next Gate Tech, a leading provider of innovative technologies for the financial services industry, announced a €8 million investment in a new funding round led by DB1 Ventures, the Corporate Venture Capital unit of Deutsche Börse Group, with the continued support of existing investors; NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. This investment will accelerate the development of Next Gate Tech's cutting-edge solutions that help financial institutions streamline their processes, improve efficiency, and reduce costs.

PhonePe Raises Additional $100 Million

Indian mobile payments company PhonePe has raised a further $100 million in an ambitious attempt to complete an ongoing $1 billion financing round. The new funds from returning backer General Ataltantic bring the total raised by the company over the past few months to $750 million.PhonePe picked up a $450 million investment in February (including $350 million from Genral Atlantic), followed in March by a $200 million injection from majority backer Walmart.

Hakbah - The Saudi-Based Fintech Savings Platform - Closes US$2 Million, Pre-Series A, Funding Round

Hakbah, the Saudi-based fintech savings platform, announces its successful closing of a US$2 million, pre-Series A, funding round. Global Ventures - MENA’s leading venture capital firm and DIFC-based Aditum Investment Management participated in the round, providing Hakbah with its first institutional capital. The funding follows approval granted by the Saudi Central Bank (SAMA). Hakbah is one of the fastest-growing companies in the region.

absolute labs Announces $8 million Seed Raise to Accelerate Growth of its Groundbreaking Wallet Relationship Management Platform for Marketing in Web3

absolute labs – the first Wallet Relationship Management™ (WRM™) platform that is revolutionizing how growth and marketing teams acquire, engage, convert, and retain customers in the next Internet – announcesthe close of a $8 million Seed fundraising round including Aglaé Ventures, Alpha Praetorian Capital, The Luxury Fund, Near Foundation, MoonPay, Plassa Capital, Punja Global Ventures, Samsung Next, Sparkle Ventures (Animoca Brands), and W3i.

Ryft Receives UK FCA Licence Following £1.2M Seed Round Raise

Ryft, the revolutionary PSD2-compliant payments system, has announced its receipt of a UK licence from the Financial Conduct Authority (FCA) following a £1.2 million seed round raise in August last year. The authorisation of the licence opens up opportunities for Ryft to become a regulated payment facilitator with some of the world’s biggest acquirers. The FCA licence will allow Ryft to expand its in-house compliance team led by the new Head of Compliance and Money Laundering Reporting Officer (MLRO), Grant Campbell.