Client Onboarding Platform Sikoia Raises $6M in Seed Round

Sikoia, a London-based unified data platform designed to simplify client onboarding and risk evaluation, has raised $6 million in seed funding. The round was led by MassMutual Ventures, with participation from Coalition Capital and existing investors Earlybird and Seedcamp. The Sikoia platform centralises client financial and identity data to simplify onboarding and verification, monitoring, and risk evaluation.

Plaid Execs and Institutions Join AdalFi $7.5M Funding Round as it Helps Banks to Ramp Consumer and Business Loans Across Pakistan

Less than 4% of Pakistani consumers and businesses take bank loans. Helping banks offer their customers real-time loan products, Pakistan’s first end-to-end digital lending infrastructure provider AdalFi is announcing a $7.5 million funding round. The funding round was led by COTU Ventures, Chimera Ventures, Fatima Gobi Ventures and Zayn Capital alongside angel investors including execs from Plaid. 

PhonePe Raises $100M at $12B Valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation. The ongoing round was joined by Ribbit Capital, Tiger Global and TVS Capital Funds. PhonePe says it expects further investment to follow. The money will be used to scale up PhonePe's payments and insurance businesses in India, as well as to launch and aggressively scale in new sectors like lending, stockbroking, ONDC-based shopping and account aggregators over the next few years.

InsuranceDekho Raises $150M in Series A Funding

InsuranceDekho, India’s leading Insurtech player, said it has raised $150 million in Series A funding consisting of a mix of equity and debt, the largest ever series A round by an Indian Insurtech company. The equity round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures and LeapFrog Investments.

Juniper Square Completes $133M Fundraise to Fuel Innovation and Growth in Private Markets

Juniper Square, the leading provider of partnership enablement for the private funds industry, announced it has raised $133 million in growth capital. This investment was led by Owl Rock, a division of Blue Owl, with contributions from existing investors Ribbit Capital, Redpoint Ventures, and Felicis Ventures and new investors Fifth Wall and Pappy Capital.

Fintech Omnio Raises €12 Million in Advance of Planned Merger with Nordiska and Swiss Bankers

Omnio, a leading innovator in Banking-as-a-Service, has completed a 9m Euros equity funding. Omnio will keep the round open for selected investors, targeting a total of 12m Euros. Omnio is a fast-growth pre-IPO banking infrastructure leader based in London, England. Omnio builds on its pioneering Banking-as-a-Service offering, including its loyalty platform Domec and the Sercle business, the credit union platform, serving 135 financial institutions and over 1.5 million members of its credit unions, consumer brands and banking customers.