Cybersecurity Platform CyberSmart Raises $15M

Cybersecurity platform for SMEs CyberSmart has reportedly collected $15m for its Series B funding round.The investment was led by European venture capital firm Oxx, according to a report from TechCrunch. Commitments also came from British Patient Capital, Legal & General Capital and Solano Partners. Existing CyberSmart backers IQ Capital, Eos Venture Partners, Winton Ventures and Seedcamp also joined Series B.

Indian FinTech Eko Lands $3.6M to Support Micro-entrepreneurs

Eko India Financial Services (Eko), a technology-based platform for financial transactions for micro-entrepreneurs, has raised $3.6m in Series B funding. According to a report from The Hindu Business Line, Eko received the ₹30 crores ($3.6m) from EXXORE, the family office of Sriram Natarajan. Founded in 2007, Eko enables digital product brands to tap the next billion customer through a platform of embedded-in-the-community micro-entrepreneurs as influencers, facilitators and resellers.

Ingka Investments Makes €9M Investment in DirectID

DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company. With a mission to promote financial inclusion through its global credit risk score, DirectID provides advanced data to optimize credit & risk decisions in a growing number of countries.

Car Finance Fintech Carmoola Raises £103.5 Million to Transform How You Pay for a Car

UK car finance fintech Carmoola has raised a £8.5 million Series A round and £95 million debt facility to revolutionise the way people pay for car purchases. The round was led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriends and InMotion Ventures, the investment arm of Jaguar Land Rover. It also includes a debt facility provided by Natwest, priming Carmoola for rapid growth in a lucrative market worth £120 billion in the UK alone.

DataMesh Group Raises $30 Million in Series A Oversubscribed Funding Round

DataMesh Group, a full-suite developer of interoperable, proprietary payments-processing, has secured $30m in an oversubscribed Series A funding round to execute on large-scale domestic opportunities as well as expanding its footprint in the high growth payments processing industry. The round was led by return investor NAB Ventures and featured significant first-time capital from Deutsche Bank’s corporate headquarters in Frankfurt along with 1835i Ventures, ANZ’s external innovation and venture capital arm.

Deutsche Bank Invests in Australian Paytech DataMesh

Deutsche Bank has acquired a strategic stake in Australian paytech DataMesh Group to accelerate the build-up and service offering of the bank’s merchant solutions business across Asia Pacific. Deutsche Bank and DataMesh did not disclose financial terms of the transaction. With DataMesh’s Unify payment orchestration layer, Deutsche Bank can operate seamlessly with individual acquirers in different countries, enabling merchants to accept payments through online methods within individually regulated currency zones.

Investments in Unbanked Soar as KingsCrowd Capital Invests After Unbanked Is Rated A “Top Deal”

It was announced today that KingsCrowd Capital, a data-driven venture capital fund, has invested in Unbanked Inc after the company achieved a “Top Deal” rating from the venture fund's parent company KingsCrowd. Unbanked is a US-based fintech startup that connects traditional banking products with blockchain and digital assets. 

HedgeFlows Launches with £2M Funding to Empower SMEs for International Trade

HedgeFlows, a fintech platform for small and medium-sized enterprises (SMEs) launches following a £2m funding round. The HedgeFlows platform enables SMEs to seamlessly manage foreign payments, cashflows and invoices, giving ambitious companies access to services which are often denied by the big banks. The company is fully licensed by the Financial Conduct Authority (FCA).