Egyptian Fintech Blnk Raises $32 Million
- 2 years 3 months ago
- Fundraising News
Blnk, a fintech startup that enables instant consumer credit in Egypt, raises $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support the further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers.
TRM Labs Raises $70 Million in Series B
- 2 years 3 months ago
- Fundraising News
Goldman Sachs, PayPal, American Express and Citi have joined in a $70 million funding round in blockchain intelligence firm TRM Labs. The latest investment, an extension to the company's $60 million Series B round in December, was led by Thoma Bravo, with participation from first-time investor Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures.
Former Tink Employees Raise €5M for Payments Startup Atlar
- 2 years 3 months ago
- Fundraising News
A gaggle of former Tink employees has raised €5 million in seed funding for their startup promising to help businesses automate all of their payment activities. Joel Nordström, Joel Wägmark, and Johannes Elgh formed Stockholm-based Atlar earlier this year following open banking outfit Tink's €1.8 billion acquisition by Visa.
Glow Raises $22.5 Million to Optimize Insurance for Small Businesses
- 2 years 3 months ago
- Fundraising News
Glow, the digital insurance agency for small businesses, announced that it has closed a $22.5 million round of series A financing led by Cota Capital. AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and others also participated in the round. The financing will fund innovation in Glow’s digital insurance platform, which automates the insurance process for small businesses.
Pyypl Accelerates Growth with $20 Million Series B Investment
- 2 years 3 months ago
- Fundraising News
Pyypl – pronounced “People” – the Middle East and Africa (MEA) focused financial services platform and Hub71 company has closed its target Series B raise of $20 million from a diverse group of international investors and ten existing investors. Pyypl is considering opening a second tranche for further investment due to interest from investors.
04/11 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
Cinchy Announces $14.5 Million Series B Funding Led by Forgepoint
Cinchy Announces $14.5 Million Series B Funding Led by Forgepoint
- 2 years 3 months ago
- Fundraising News
Cinchy, the pioneer of dataware technology and leader of data liberation, today announced a $14.5 million USD Series B financing round led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join Cinchy’s Board of Directors, while Reynaldo Kirton comes on board as an advisor.
Zest AI Secures Growth Capital from Fintech Investors, Strategic Partners, and Customers to Advance the Next Generation of AI-Automated Underwriting
- 2 years 3 months ago
- Fundraising News
Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced today that the company has raised over $50 million in a new growth round.
Darwinium, a Next-generation Fraud and Security Platform, Secures an Initial $10 Million Funding Round
- 2 years 3 months ago
- Fundraising News
Darwinium, a pioneering new Customer Protection Platform, has today announced a seed funding round of $10 million USD led by Blackbird alongside Airtree, both Australian headquartered Venture Capitalist firms. The initial funding round, raised to elevate the global launch of the company into the security and fraud sector, will be targeted towards both product and customer expansion.
InterPrice Technologies Announces $7.3 Million Series A Funding Round Co-Led by Nasdaq Ventures and DRW Venture Capital
- 2 years 3 months ago
- Fundraising News
InterPrice Technologies, Inc., a treasury capital markets funding platform, announced today the closing of its Series A funding. The $7.3 million investment was co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital.
Egyptian Fintech MoneyFellows Raises $31M to Digitise ‘Money Circles’ Between Friends and Family
- 2 years 3 months ago
- Fundraising News
Egyptian fintech MoneyFellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together. Popular in Egypt and other Arab countries under the name “Gameya”, Money Circles are also known as Rotating Savings and Credit Associations (ROSCAs).
Form3 Secures EUR23 million Funding To Continue Exponential Growth Journey
- 2 years 3 months ago
- Fundraising News
Form3, the leading cloud-native payment technology provider, today announces it has secured a EUR23 million venture debt facility to continue its rapid global expansion and follows its $160 million Series C funding led by Goldman Sachs last year.
EVERYANGLE Raises €2.7 Million to Accelerate International Expansion
- 2 years 3 months ago
- Fundraising News
EVERYANGLE, the Dublin-based computer-vision company that helps physical retailers, hospitality venues, and convenience service stations to optimise operations, is pleased to announce it has completed a €2.7 million fundraise to accelerate sales, invest in ongoing product development and drive further expansion in the US and UK.
28/10 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
E-commerce Platform Mason Seeds $7.5M as it Takes on the ‘Amazon Tax’ and Builds the World’s First Commerce Engine for Online
Wise Lands £300M Debt Facility to Fuel Growth Plans
- 2 years 3 months ago
- Fundraising News
Silicon Valley Bank UK, the bank of the most innovative companies and investors in the UK and Europe, today announced the closing of financing for UK-listed global technology company Wise. Silicon Valley Bank UK acted as lead arranger of the syndication, with six other banks participating in the new £300m capital facility to support Wise’s future growth plans.
