26/09 – Weekly Investment & Fundraising News

  • Fundraising News
  • 26.09.2022 09:05 am

Instapay Raises USD 4.75 Million (MYR 21.5 Million) Series A Funding

Payments fintech Instapay Technologies Sdn Bhd, an E-wallet and Mastercard issuer, announced that it has raised USD 4.75 million (MYR 21.5 million) in Series A funding round. This round is led by Daiwa ACA APAC Growth I, a growth capital fund managed by ACA Investments, an investment management firm backed by Daiwa Securities Group. Spiral Ventures Asia Fund I, an early stage and digital tech focus venture capital fund managed by Spiral Ventures Pte. Ltd., and existing investors of Instapay also participated. TOP2 helped Instapay raise money.

Swedish Board Evaluation Platform BoardClic Raises €1.2 Million to Boost the Next Phase of International Expansion

BoardClic, a Swedish SaaS B2B platform for digital board and management team evaluations, announced a capital injection of €1.2 million. The funding will be used to consolidate the company’s sales team, expand into additional markets across Europe, and build out the company’s UK operations. The second seed funding round, which was oversubscribed, was led by Subvenio, Curitas Ventures and Brofund Equity. This latest investment means BoardClic has raised €3.6 million to date.

Ledgy Raises $22 Million Series B to Fund European Expansion

Ledgy, the equity management platform for high-growth international startups, announced a $22 million (€22m / £19m) Series B funding round led by global venture capital firm, New Enterprise Associates (NEA), with participation from Sequoia Capital, Speedinvest, btov, Visionaries Club and VI Partners, as well as existing angel investors. This comes one year after its $10 million Series A, led by Sequoia, which saw Luciana Lixandru (Partner, Sequoia) join Ledgy’s board.

Robocash Hits the Mark of €60M Funds Raised

A soft September brought Robo.cash a new milestone of €63M attracted investments. The platform is also approaching half a billion euros of purchased loans. To date, more than 27 thousand investors have joined the platform. Over the summer, there was an average 6% monthly increase in registrations. Germany still leads the number of investors. Spain and France are in second and third place respectively.

Cello Raises €2.3M to Build the World’s First User-Led Growth Platform for SaaS

Cello has raised €2.3m in pre-seed funding, in a round led by byFounders, with participation from Tiny VC, Possible Ventures and Notion Capital; together with operator angels from Youtube, Personio, McMakler, and others. It has long been the case that cost of customer acquisition is the main factor that limits the top-line growth of SaaS companies. In the current market, growth is being squeezed by external factors too.

Sardine Raises $51.5M Series B to Provide Real-time Fraud Prevention For Fintech and Web3 Companies

Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $51.5 million in a Series B funding round led by Andreessen Horowitz's growth fund. The round was joined by a host of big names, including XYZ, Nyca Partners, Sound Ventures, Activant Capital, Visa, Google Ventures, Eric Schmidt, Vikram Pandit, The General Partnership, NAventures, ING Ventures, ConsenSys, Cross River Digital Ventures, Alloy Labs, and Uniswap Labs Ventures.

Higlobe, Inc. Raises $14 Million to Eliminate International Fund Transfer Fees for the Global Workforce

Higlobe, Inc., the U.S.-based solution for international payment transfers, raised $14 million in funding to expand its technology and launch into new markets. The funding round was led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies. Battery Senior Partner Scott Tobin will join Higlobe’s board. Tobin will join Higlobe's board. Higlobe uses asset-backed stablecoins to make cross-border bank payments.

Bitgreen Secures $5M in Crowdfunding to Launch the Premier Polkadot Climate-investment Platform

Bitgreen, the company building blockchain’s epicentre for sustainability, prepares to launch the first phase of its layer-1 network built to empower climate-action initiatives. The company’s operations follow a fully subscribed $5 million Reg CF crowdfunding raise on the Republic platform, reaching its goal in under four hours. After a year of development, the company has built its sustainability-focused Polkadot platform.

Nilos Raises $5.2M to Build the First Platform that Unifies Crypto and Fiat Treasuries for Businesses

Nilos connects crypto wallets, bank accounts, and PSPs so businesses can track incomes, reconcile money flows, and make crypto and fiat payments easily. The round was led by Viola Ventures, Fabric Ventures and Mensch Capital Partners. Over 20 angels also participated in the round, including: Yuval Tal (Founder at Payoneer), Sebastien Borget (Co-founder at The Sandbox), Emmanuel Schalit (Founder at Dashlane), Benjamin Seror (CPO at SimilarWeb), Didier Valet (Ex-Deputy CEO at Société Générale), Guillaume Houzé (Galeries Lafayette).

Jacobi Secures Series A Funding to Scale Multi-asset Investment Technology

Investment technology firm Jacobi Inc. has announced it has raised $10m USD in Series A funding, led by Queensland Investment Corporation (QIC). Jacobi Inc. (Jacobi) will use the funding to further accelerate the development of the Jacobi platform and expand its team and clientele globally. QIC joinsJacobi’s existing investors; Silicon Valley venture capital firms, Illuminate Venture Partners, 8VC and Western Technology Investment (WTI).

RKVST Raises $7.5M in Funding to Enable Organisations to Build Verifiable Digital Supply Chains

RKVST, the integrity, transparency and trust platform for digital supply chain operations, announces the first close of a Series A funding round of $7.5 million, from Ridgeline, Acadia Woods, Cyber Mentor Fund and Long Run Capital. Ryan Clinton, General Partner at Ridgeline, joins Kevin Compton, co-founder at Radar Partners and Nick Sturiale on the RKVST board of directors.

Loctax Raises $12M Series A to Give Companies Full Control of Tax Risks and Responsibilities

Loctax, the world’s first collaborative tax governance platform, has raised 12m USD to empower multinational companies to communicate their global total tax contributions with greater ease and clarity. Loctax's workflow solution helps in-house teams manage international tax risk and delivers a single view of compliance and advising responsibilities. It helps corporations meet tax responsibilities and improve their corporate citizenship.

Crypto Exchange Platform Yellow Card Secures $40M in Series B

Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more. The money will help the company accelerate exponential business growth, maintain its successful expansion across Africa, create new product innovations, and pursue key relationships.

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