Mool Nets a Seed Round of Funding from NextGen Technology Fund

Mool Innovation Labs, which operates as a SAAS Tax saving & salary optimisation product,  has caught the attention6 of investors and has received seed funding from Next Generation Incubation Scheme (NGIS) of Software Technology Parks of India (STPI). Pontaq Ventures India LLP is the fund manager of the aforesaid fund. Mool is India’s first tax optimization and salary personalization tool that aims to fundamentally change the way people deal with money starting from salary.  

Singapore’s FOMO Pay Raises USD 13 Million in Series A Round

FOMO Pay, the Singapore-headquartered major payment institution that enables the digital economy with global virtual banking solutions for financial institutions and enterprises, today announced that it has secured a USD 13 Million investment for its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital.

Luminovo Raises €11 Million in Seed Round

Luminovo, the AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures. This disconnect comes from the fact that the current systems that manage the global product chain are broken, shrouded in bureaucracy, fragmented and siloed.

Fuse Capital Launches VC Fund Focused on Web3

Brazil-based Fuse Capital has started raising Fuse Capital Fund II, whose central thesis will be investing in the next generation of Web 3 startups in Latin America. Fuse Capital Fund II will be aimed at companies solving traditional world problems, still dominated by web2, while using technologies embedded in the Web 3 framework, such as blockchain, DeFi (Decentralized Finance), stablecoins and NFTs.

Arc Raises $20 Million Series A Led By Left Lane

Arc, the future of startup finance, announced that it has closed a $20 million Series A financing round led by Left Lane Capital. Other investors include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, Alumni Ventures, and Dreamers VC, as well as the founders of Wayflyer, Plaid, Column, Chargebee, Vouch, and Jeeves. The company will use the new funding to accelerate its growth and expand the availability of its treasury and software products built to help startups access and manage capital while retaining equity.

Pomelo Exits Stealth Mode with $20M Seed Round

Having secured $20 million in seed funding, Pomelo has launched its credit card that enables families in the US to extend their credit abroad while avoiding remittance fees. Keith Rabois at Founders Fund as well as Kevin Hartz, co-founder of Xoom and general partner at A* Capital, led the round for Pomelo, which has also secured $50 million in a warehouse facility. Issued by Coastal Community Bank, the Pomelo Mastercard and app are available to US citizens and permanent residents 18 years and older.

Forage Raises $22M From Nyca Partners, PayPal Ventures, and Instacart Founder

Forage, a payments processor that makes it easier for grocers to accept SNAP EBT (previously known as “food stamps”) payments online, announced that it has raised a $22M Series A funding round to accelerate online grocery access for America’s 42 million SNAP EBT recipients. The round was led by fintech specialist firm Nyca with participation from PayPal Ventures, EO Ventures, and prominent angels including Apoorva Mehta, founder of Instacart.