Global Investment Institution Lighthouse Canton Leads Venture Debt Funding Round of INR 24 Cr for LoanTap Group
- 1 year 10 months ago
- Fundraising News
Global investment institution Lighthouse Canton led the venture debt funding round of INR 24 Cr in LoanTap through its venture debt fund, a Category – II Alternative Investment Fund (AIF). As part of the funding, LoanTap has received one of the first cheques for its unique digital lending platform, LTFLoW. Lighthouse Canton’s total share in this round amounts to INR 15 Cr, among other investors.
Inkle Raises $1.5M to Power Tax & Accounting for US Cross-border Companies
- 1 year 10 months ago
- Fundraising News
Almost half of the 20,000 US companies created on Stripe’s Atlas incorporation platform alone (of which almost 10,000 were formed in the year leading up to June 2021) were created by non-US-based founders.
Borderless Super Wallet – Cenoa – Raises Us$7 Million In Seed Funding
- 1 year 10 months ago
- Fundraising News
Cenoa, the borderless super wallet improving access to dollar-based products in emerging markets, announces it has raised US$7 million in Seed funding. The fundraise was led by San Francisco-based venture capital firm Quiet Capital – an early backer of Robinhood; and Underscore VC – a Boston-based firm focused on backing the next generation of iconic companies at their earliest stages.
Oxygen Announces $20 Million Funding and Appointment of New CEO as Platform Doubles Down on Growth
- 1 year 10 months ago
- Fundraising News
Digital banking platform Oxygen today announced $20 million in Series B funding - led largely by return investors - and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds to increase investment in product development and user experience around its core financial technology solutions, and to expand its workforce to meet growing demand.
Moov Announced $45M Series B Funding
- 1 year 10 months ago
- Fundraising News
FinTech firm Moov Financial has scored $45m in a Series B funding round led by Commerce Ventures. The round also saw participation from Andreessen Horowitz, Visa, Sorenson Ventures, Bain Capital Ventures. Founded in 2018, Iowa-based Moov provides a platform for developers looking to embed payment functionality into their software.
Digital Bank Zopa Raises £75 Million to Accelerate Growth and Spearhead 2023 M&A Push
- 1 year 10 months ago
- Fundraising News
Digital bank Zopa has raised £75 million ($93m) to drive its next phase of growth, supporting its vision to become Britain’s best bank. The deal cements and markedly enhances Zopa bank’s Unicorn status and was led by existing investors. The funding will be used to meet the capital requirements of Zopa bank’s growing balance sheet, and to support M&A dealmaking that could kick off as early as this quarter.
Pow.re Announces Successful Closing of US$9.2 Million Series A, $18 Million Strategic Partnership in Paraguay and Advisory Board Appointments
- 1 year 10 months ago
- Fundraising News
Pow.re Holdings Limited, a high-density computing ("HDC") proof-of-work digital mining and fintech enterprise, has closed a US$9.2 million Series-A funding round at a US$150 million post-money valuation. Haru United Pte Ltd.
Stripe In Talks To Raise $2.5B
- 1 year 10 months ago
- Fundraising News
Stripe is closing in on a mega $2.5 billion funding deal with existing investors that would value the payments giant at between $55 billion and $60 billion, according to The Information. The raise would be at a sharp discount on Stripe's last funding round in March 2021, which was made at a $95 billion valuation.
Lulalend, the South Africa-based Digital Lender Catering to Underserved SMEs, Secures $35 Million in a Lightrock-led Series B
- 1 year 10 months ago
- Fundraising News
Lulalend, the South Africa-based digital lender catering to underserved small and medium-sized enterprises (SMEs), has finalised a transformational $35 million (R600 million) Series B funding round. Lulalend will use the capital to scale its business and address South Africa’s enduring SME credit gap, which is estimated to be valued at more than $20 billion per year, according to the International Finance Corporation.
Stubben Edge Group Secures Further £5.6M Growth Capital at £175M Pre-money Valuation
- 1 year 10 months ago
- Fundraising News
UK-based FinTech Stubben Edge Group (the Company) has today announced that it has secured a further £5.6m in investment. Once again, the round was oversubscribed and very well received by both existing and new shareholders, giving the Company a pre-money valuation of £175m and representing a 75% uplift on the previous fundraise. It further demonstrates investors’ confidence in the Group which enjoyed topline revenue growth of over 400% in 2022... more
Coverflex Raises €15 Million and Launches its Compensation OS in Italy, as it Takes Next Step in European Expansion
- 1 year 10 months ago
- Fundraising News
Coverflex, the flexible compensation solution that allows companies to reduce costs and maximises their people’s earning potential, is announcing a Series A €15 million led by SCOR Ventures.
Liberis, the Embedded Finance Provider for SMEs, Raises Additional €30M in Debt Financing from Silicon Valley Bank UK to Expand into Germany, Poland, and Beyond
- 1 year 10 months ago
- Fundraising News
Liberis, a leading global embedded business finance platform, today announced that it has secured additional financing from Silicon Valley Bank UK to grow its European business.
FINBOURNE Partners with Kreos Capital, Securing a £30 Million Debt Facility to Fuel Future Growth Plans
- 1 year 10 months ago
- Fundraising News
FINBOURNE Technology today announces its partnership with market-leading debt provider, Kreos Capital, to secure up to a £30 million debt facility. The funding forms an extension to FINBOURNE’s Series A round (April 2021).
Strata Secures $26M Series B Financing
- 1 year 10 months ago
- Fundraising News
“We’re announcing our Series B financing of more than $26M to support Strata Identity’s rapid growth and to keep pace with the rapidly emerging next generation of identity for multi-cloud.” Eric Olden, CEO and Co-Founder at Strata Identity
Hawk AI Accelerates Global Expansion with $17 Million Series B
- 1 year 10 months ago
- Fundraising News
Hawk AI, Germany’s leading provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion. The funding round was led by Sands Capital from Washington D.C., with participation from new and existing investors, including DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital.
