24/07 – Weekly Investment & Fundraising News
- 2 years 4 months ago
- Fundraising News
Neon Raises $80M to Expand Product Access
Neon Raises $80M to Expand Product Access
- 2 years 4 months ago
- Fundraising News
Brazilian digital banking FinTech firm Neon on Thursday (July 21) announced that it has raised $80 million in its first Credit Rights Investment Fund (FIDC) focused on credit cards, increasing the total fund to $170 million, a number that is expected to double, according to a
TomoCredit Raised $22M in Series B
- 2 years 4 months ago
- Fundraising News
TomoCredit, the US startup behind a credit card designed to help first-time borrowers build a credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard. GoldHouse, Asian Hustle network and Hyphen Capital also joined the round, while Silicon Valley Bank has provided $100 million in debt financing. Female, immigrant-founded TomoCredit is targeting the 40 million credit-invisible... more
Charles Raises $20m for E-Commerce in WhatsApp
- 2 years 4 months ago
- Fundraising News
Conversational commerce startup Charles has raised $20 million in Series A funding to help European sellers benefit from e-commerce in WhatsApp. Salesforce Ventures led the round in Berlin-based Charles, with participation from Accel and HV Capital.
Insurtech Gateway Complete the First Close on Seed Fund II
- 2 years 4 months ago
- Fundraising News
Insurtech Gateway announces the first close of Seed Fund II. This fund will enable them to support another 20 teams over the next 4 years from pre-seed to Series A. The Gateway is on a mission to close the funding gap in early-stage insurtech, and to attract a new kind of founder tackling complex climate and social challenges. The Gateway incubates early-stage founders to de-risk their regulatory and insurance metrics.
FairPlay Raises $10 Million to Help Fintechs and FIs Reduce Bias in Lending
- 2 years 4 months ago
- Fundraising News
FairPlay, the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making, today announced that it has raised $10 million in Series A funding. The round was led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner.
Mahalo Banking Raises $20m
- 2 years 4 months ago
- Fundraising News
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.
X1 Card Raised $25million in a Series B Funding Round
- 2 years 4 months ago
- Fundraising News
X1, a credit card for digital natives launched by former Twitter employees, has secured $25 million in Series B funding. X1 Card underwrites consumers based on income rather than credit ratings, allowing it to set credit limits 5x greater than standard card providers. It's appealing to recent college graduates and those with stable incomes but low credit scores.
Apiture Closed a $29m Funding Round Led by Live Oak Bank
- 2 years 4 months ago
- Fundraising News
Apiture, a leading provider of digital banking solutions, announced the closing of a $29 million fundraising round led by Live Oak Bank, with participation from other existing investors. The investment brings the total funding raised by Apiture to $69 million since its inception in 2017.
Dufrain Secures Investment from Phoenix Equity Partners
- 2 years 4 months ago
- Fundraising News
Dufrain, the market-leading data management services and data analytics consultancy, today announces that it has secured investment from Phoenix Equity Partners (“Phoenix”), a UK growth-focused private equity firm, to fuel the next stage of its growth as part of a management buyout.
18/07 – Weekly Investment & Fundraising News
- 2 years 4 months ago
- Fundraising News
5ire Raises USD 100 Million in Series A Funding at Valuation USD 1.5 Billion, Turns Unicorn
5ire Raises USD 100 Million in Series A Funding at Valuation USD 1.5 Billion, Turns Unicorn
- 2 years 4 months ago
- Fundraising News
5ire, a fifth-generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM.
TurnKey Lender raises $10 million in new funding round with OTB Ventures and appoints former Intel Corporate Vice President Christian Morales as Chairman of the Board
- 2 years 4 months ago
- Fundraising News
Today, TurnKey Lender, a global fintech B2B Software-as-a-Service (SaaS) company specialising in AI-powered lending automation solutions, has closed a US$10 million new funding round.
UK Fintech Lightyear Launches in 19 EU Countries and Raises $25M
- 2 years 4 months ago
- Fundraising News
Today, the new investment platform Lightyear announces a $25M Series A equity round led by Lightspeed Venture Partners. The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the round alongside a number of new and existing angel investors.
Quartr Extends its Seed Round to $7.1M To Transform Investor Relations for both Investors and Companies
- 2 years 4 months ago
- Fundraising News
Quartr, the app that gives anyone, regardless of their investment expertise and network, access to critical company information and earnings calls, has raised a $2.6M extended seed round, taking its total seed round to $7.1M.
