F10 Secures Funding Round and Management Buy-in to Fuel Global Growth

F10, the leading innovation ecosystem for FinTech and InsurTech, with hubs in Switzerland, Singapore, and Spain, announces that it has secured a funding round in the mid single-digit million range, as well as management buy-in by the F10 executive leadership, to support expansion into new markets and strategic capabilities. This funding round is led by Five T Fintech, with participation from Synpulse, Christian Frahm, Founder and CEO United Fintech, ON-POINT, and further investors. In addition to external investors joining, the F10 executive leadership team commits to the future of the F10 by taking a stake in the company in form of a management buy-in, making F10 an independent and self-funded company. 

Arbor Steel Raises £200,000 for ‘Digital Identity Citadel’

Arbor Steel has raised £200,000 in a pre-seed funding round to bring its digital identity citadel to customers. Developed following a £100,000 InnovateUK Grant, the platform provides a secure and efficient way to share personal data and interact with services whilst maintaining control. This round will enable Arbor Steel to build revenues at pace as the product launches to market today, starting with the customers of professional and financial services firms for either personal use or as a member of a charity, board or trust. A vital service for individuals or SMEs, with the monthly cost starting at £8.33 Arbor Steel provides personal online security for less than the price of a Spotify subscription.

Everstage Raises $13m in Series a as They Ramp Revenue and Customer Numbers

Everstage, a modern sales commission management platform, has announced a $13M Series A funding round led by Elevation Capital. This follows a successful 6 months in which Everstage scaled the business with their revenue growing 5-fold while customer numbers have increased 6-fold. In August 2021, Everstage raised a $1.7M seed round from 3one4 Capital, who have doubled down on their investment in this round. Founded in mid-2020, Everstage was created to build a modern culture of trust, transparency and happiness among sales teams by providing real-time visibility of performance and commissions.

SEON Raises $94 Million in Series B

SEON, a London-based Anglo-Hungarian startup that powers online fraud prevention raised $94 million in Series B funding. Led by Silicon Valley-based IVP, the round also includes existing investors Creandum and PortfoLion, as well as, angel investors including founders and senior executives from the very best product-led tech companies: Aiven, Coinbase, DataDog, DoorDash, Figma, G2, GitHub, Public, Slack, Supercell, UiPath, Veriff, and Wise. The funding, which comes just a year after the company’s Series A, will be used to expand SEON’s presence in North America, LATAM, and APAC, build partnerships with leading e-commerce platforms, heighten product functionality, and integrate additional data sources to help customers better fight fraud.

Pakistan’s First Financial Wellness Platform - Abhi - Completes $17 Million Series A Fund Raise

Funding led by Speedinvest with participation from Global Ventures, VentureSouq, VEF and Sturgeon Capital. Abhi, Pakistan’s first-ever financial wellness platform, enabling employees to access accrued salary in advance, announces the completion of a $17 million Series A capital raise. The fund raise was led by international venture capital (“VC”) firm Speedinvest and supported by Global Ventures, VentureSouq, VEF, Sturgeon Capital, Rallycap and FJ Labs. Also participating were regional VC firms and existing investors, Fatima Gobi, Sarmayacar and i2i Ventures.

Sunday Raises $24 Million Seed Round to Build a Fast Restaurant Checkout Flow

Meet Sunday, a new startup that is going to attract some headlines as it has raised a $24 million seed round at a $140 million post-money valuation. That’s a lot of money for a company that started just a few months ago but that’s because Sunday wants to move quickly. Sunday is getting noticed because it is founded by Victor Lugger, Tigrane Seydoux and Christine de Wendel — Lugger and Tigrane have been working together for several years as they’re the founders of Big Mamma. Christine de Wendel headed Zalando in France before joining ManoMano as COO.

BBVA Invests €15 Million in Leadwind, a Venture Capital Firm

BBVA will invest 15 million euros in Leadwind, a venture capital fund managed by the K Fund. The first phase would invest 140 million euros in technical enterprises in Spain, Portugal, and Latin America. Others include Telefónica, BBVA, Global Omnium via GoHub, SATEC, and AXIS-ICO via the Fond-ICO Next Tech program. K Fund seeks to raise up to 250 million euros, and hence welcomes further investors. BBVA and the other partners will not only give financing to the fund's portfolio firms, but also business and market knowledge.