Berlin-based Fintech Upvest Secures $42M in Series B Financing Led by Bessemer Venture Partners

Berlin-based infrastructure fintech Upvest announced the closing of a $42 million Series B financing round - one of the largest German fintech funding rounds in 2022. Bessemer Venture Partners is leading the Series B with Earlybird and ABN AMRO Ventures doubling down as previous investors and participating in Notion Capital, Partech, 10x Group, Speedinvest and Maximilian Tayenthal (N26). 

Crypto Payments Company TripleA Secures $4M in Funding Led By Razer’s zVenture

TripleA, a Crypto Payments Company, announced that it secured $4 million in funding led by a leading global lifestyle brand for gamers, Razer’s corporate ventures arm, zVentures. TripleA is the first Crypto Payments Company that has earned the  Digital Payment Token license from the Monetary Authority of Singapore (MAS). This allows the company to provide end-to-end cryptocurrency payment services for businesses in full compliance with global regulatory standards.

Institutional Crypto & Digital Asset Management Platform Rooba Finance Raises $1.3 Million in Seed Round

Institutional Crypto & Digital Asset Management Platform Rooba Finance has raised $1.3 Million in a Seed round led by Inflection Point Ventures. It also saw participation from LetsVenture, Endurance Capital, KubeVC and Other prominent angel investors. The funds raised will be utilized towards Platform Development, setting up a licensed platform overseas and enabling a global GTM.

Brazilian Payments Platform Destaxa Raises $3.1 Million Seed Round

Destaxa, a payments platform that operates as a two-sided marketplace for payment acquirers and offline merchants in Brazil, announced it has raised a $3.1 million seed round. The equity investment was led by Quona Capital, and included participation from Caravela and Norte Ventures, along with angels Tiago Dalvi (Olist co-founder) and Alessio Alionço (Pipefy co-founder). The round comes as Destaxa expands its push across physical retail merchants in Brazil, which account for more than 90% of all merchant payments.

Viva Capital Funding Completes $18.5 Million Investment Grade Notes Offering

Viva Capital Funding, LLC ("Viva"), a leading invoice factoring specialty finance company, announced the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the company to restructure existing debt and support additional growth of the business. Brean Capital, LLC served as the Company's Exclusive Financial Advisor and Placement Agent on the transaction.

MFS Africa Announces the Extension of its Series C to US$200 Million

MFS Africa, Africa’s largest digital payments network, announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension. 

Allica Bank Secures £30M Tier 2 Capital Facility from British Business Investments

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, announcesa new £30m Tier 2 capital facility for a challenger bank, Allica Bank. Allica Bank has been lending to smaller businesses since March 2020, committing over £560m in loan offers in 2021 and is set to offer £1 billion to smaller businesses in 2022. This Tier 2 facility from British Business Investments will enable Allica Bank to draw on capital as required, to support additional lending to UK smaller businesses of up to £250m.

RegTech Clausematch Secures $10.8M Strategic Investment Round Led by Lytical Ventures, Flashpoint and Sony Innovation Fund

Clausematch, a global RegTech company automating policy management and compliance for regulated industries, announced the close of a US$10.8M strategic funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund. The new financing will be used to increase the company’s commercial activities in the US and invest in its product, technology and data science teams. The new funds bring the total investment to date to over US$20M.     

Fintech Swoop Lands £5.4 Million Funding for International Expansion

Swoop, the one-stop money shop for businesses has raised £5.4m in a Series A funding round to accelerate international expansion and help more companies to access an array of financing options. The funding announcement follows a surge in demand for SME financing, with revenues at Swoop forecasted to increase by 450% this year. Andrea Reynolds, CEO and Co-Founder of Swoop, said the funding would be used to expand into new markets, with a particular focus on North America.

Digital Banking Vendor Narmi Raises $35M

Narmi, a leading provider of open digital banking technologies, announced $35M in Series B funding co-led by Greycroft and existing investors NEA and Picus Capital. Narmi is one of the fastest-growing companies servicing financial institutions in the United States and plans to leverage the new capital to develop its digital banking solutions more broadly, partner with new financial institutions, and accelerate the digital modernization of the banking industry. 

Webio Secures $4M to Scale Conversational AI in the Collections and Payments Industry

Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, announceda series A funding round led by Finch Capital. Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through their Conversation AI. Webio’s technology has enabled leading UK and European companies to communicate conversationally with customers throughout their credit and collections journey.