5ire Raises USD 100 Million in Series A Funding at Valuation USD 1.5 Billion, Turns Unicorn

5ire, a fifth-generation level 1 blockchain network and the world’s first and only sustainable blockchain, announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion.

TurnKey Lender raises $10 million in new funding round with OTB Ventures and appoints former Intel Corporate Vice President Christian Morales as Chairman of the Board

TurnKey Lender, a global fintech B2B Software-as-a-Service (SaaS) company specialising in AI-powered lending automation solutions, has closed a US$10 million new funding round. The investment round – a mix of equity financing and debt – was led by OTB Ventures, with the participation of early backers including Germany’s development finance institution DEG  and Vertex Ventures.

Plenitude Receives Strategic Investment from Growth Capital Partners

Plenitude, the Financial Crime, Risk and Compliance (FCC) specialists announced a strategic investment from Growth Capital Partners (GCP), the private equity firm focused on investing in outstanding growth companies in the technology and services sectors. The investment will support the further build-out of new capabilities and offerings and will accelerate Plenitude’s expansion plans.

Gnosis Safe Rebrands as Safe, Raises $100M

Safe (previously known as Gnosis Safe), a leading digital asset management platform, announces it has raised $100 million led by 1kx. Initially developed as an internal tool, Gnosis Safe has organically become a critical infrastructure for web3 as a means to securely manage digital assets. Following a successful community vote to spin off from Gnosis, the Gnosis Safe project is rebranding to Safe and announcing a strategic funding round of $100 million led by 1kx.

UK Fintech Lightyear Launches in 19 EU Countries and Raises $25M

Today, the new investment platform Lightyear announces a $25M Series A equity round led by Lightspeed Venture Partners. The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the round alongside a number of new and existing angel investors. Joining Lightspeed in this new investment round is the Virgin Group – an organisation that champions driving positive change through new technologies and joins Series A as an investor.

Fintech Startup WonderLend Hubs Raises USD 1.6 Million in a Seed Round Led by Inflection Point Ventures

WonderLend Hubs, a NoCode PaaS solutions provider has raised USD 1.6 million in a Seed Round led by Inflection Point Ventures. Designed and deployed in an affordable “pay as you use” microservices API architecture, its LPaaS caters to enterprises as well as newly born lenders & originators, driving lending innovation via new product/variant-launches, or accelerating existing products, particularly in under-served segments, whilst its ICM PaaS caters to automating channel incentive management for enterprises.

Penfold Announces Launch of Latest Crowdfunding Round

Penfold, the digital pensions platform, announces the launch of its latest crowdfunding round, following significant growth of the business and the launch of its workplace pension platform in late 2021. Individuals can register now for early access on 25th July 2022 via Penfold’s crowdfunding page, with the round opening to the general public on 26th July 2022.   As a modern pensions provider, Penfold is on a mission to disrupt the industry and provide savers with a next-generation platform that delivers a better user experience and gets people saving more for retirement.  

Motive Partners Raises $2.5 Billion

Motive Partners ("Motive"), a leading specialized private equity firm focused on financial technology, announced the successful final close of its second flagship fund, Motive Capital  Fund 2 (the "Fund"), with total capital commitments of $2.54 billion for the  Fund and its affiliated co-investment vehicles. The Fund employs the same investment strategy executed in Motive Partners'  inaugural flagship fund. 

wefox Closes $400M Series D Round at $4.5B Post-money Valuation

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn. Mubadala Investment Company led the equity raise with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global.The round sees wefox increase its valuation from US$3bn to US$4.5bn in 12 months, bucking the trend currently experienced in the insurtech market and more broadly across the tech sector.

Fuell Closes €1.5M Investment Round

Madrid fintech Fuel reinvents B2B financial services through a corporate credit card that brings together equipment, means of payment and accounting for the first time. A card designed for the needs of a successful business, according to Eduardo Ortiz de Lanzagorta GonzálezFuell CEO. This Madrid fintech has just completed a €1.5 million funding round led by Y Combinator and Fin Capital. American business angels Michael Levinthal and Andy Cohen also participated in the round, and have already invested in fintech companies Concur, Divvy and Clara.

Kadmos Raises €29M in Series A Funding Round Led by Blossom Capital to Streamline Payment Processes for Cross-border Workers

Kadmos, the end-to-end salary payments platform for cross-border employers, has raised €29 million in a Series A funding round led by Blossom Capital. The investment round, which follows an €8.3m Seed round in December, also included existing investors' Addition and Atlantic Labs. The funding follows significant levels of demand for the product. Kadmos is already working with several high-profile shipping companies and has built a robust waitlist ahead of full-scale customer onboarding this summer.

Insurance Startup YuLife Raises $120m

After raising $120 million in a Series C fundraising round led by Dai-ichi Life Insurance Company, the UK-based insurance company YuLife is poised for global expansion. YuLife's life insurance product allows policyholders to do ordinary wellness activities to earn YuCoin, which they can use to purchase gifts for themselves, friends, and family, or to better the world by planting trees and donating to charity.