Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances
- 2 years 3 months ago
- Fundraising News
The Lightnet Group ("Lightnet") announced today it has secured a $50 million capital commitment from LDA Capital Ltd ("LDA") to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology. Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three years.
Nigeria’s Grey Raises $2M for Cross-border Payments
- 2 years 3 months ago
- Fundraising News
The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. In the latest development, Grey, a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding.
29/08 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
Capital on Tap Has Secured a £200M Funding Facility
Capital on Tap Has Secured a £200M Funding Facility
- 2 years 3 months ago
- Fundraising News
Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access to credit at a time when the UK is anticipating a recession and facing historic inflation rates.
MENA’s First&Only Subscription Management Platform - Raises US$2.4 Million, in Seed Round Led by Global Ventures
- 2 years 3 months ago
- Fundraising News
SubsBase, the first and only subscription and recurring revenue management platform catering to the MENA region, announces it has successfully closed its seed round at US$2.4 million.
Zywa, Neobank for Gen Z Raises $3M in a Seed Round
- 2 years 3 months ago
- Fundraising News
Zywa, a teen-focused FinTech startup aiming to re-imagine banking for Gen Z in the Middle East and North Africa, raised $3m in a seed round. The round included participation from Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline Venture Partners, Zemu VC, and European family offices, as well as strategic angel investors.
Muse Raises $20M in Debt Facility to Support Small Businesses
- 2 years 3 months ago
- Fundraising News
Muse Finance - a bespoke finance provider for small, medium and growing businesses - today announces that it has closed a $20 million debt facility to support the growth of small businesses.
Highline Secures $13 Million in Series A Funding To Extend Credit Access For Borrowers and Reduce Risk For Lenders
- 2 years 3 months ago
- Fundraising News
Highline Technologies, the payments fintech that unlocks payroll-linked lending and bill pay, announced today that it has successfully raised $13 million in Series A funding. The round was led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors.
Kasisto Raises Additional $15.5 Million From FIS and Westpac in Oversubscribed Series C Round
- 2 years 3 months ago
- Fundraising News
Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced a $15.5 million Series C extension, led in the United States by Fidelity Information Services, LLC (NYSE: FIS) and internationally by Westpac Banking Corporation (OTCMKTS: WEBNF), with participation from BankSouth. This brings the total Series C funding to $31 million.
22/08 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
Mool Nets a Seed Round of Funding from NextGen Technology Fund
Mool Nets a Seed Round of Funding from NextGen Technology Fund
- 2 years 3 months ago
- Fundraising News
Mool Innovation Labs, which operates as a SAAS Tax saving & salary optimisation product, has caught the attention 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.
Singapore’s FOMO Pay Raises USD 13 Million in Series A Round
- 2 years 3 months ago
- Fundraising News
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
- 2 years 3 months ago
- Fundraising News
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.
Arc Raises $20 Million Series A Led By Left Lane
- 2 years 3 months ago
- Fundraising News
Arc, the future of startup finance, today announced that it has closed a $20 million Series A financing round led by Left Lane Capital.
Pomelo Exits Stealth Mode with $20M Seed Round
- 2 years 3 months ago
- Fundraising News
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.
