Ondato Raises €3.6M Seed Extension to Support Rapid Wxpansion of its Compliance-as-a-Service Model
- 3 years 1 month ago
- Fundraising News, Management
The additional funds extend Ondato’s seed round to a total of €5.6M, spurred by 4x growth since January
Gujarat Witnesses 86% Rise in P2P Investments: LenDenClub Data
- 3 years 1 month ago
- Fundraising News, Lending, P2P Lending
Investment in Peer-to-Peer (P2P) Lending has witnessed a rise of 86% in Gujarat as per consumer analysis of LenDenClub, India’s largest P2P lending enterprise as compared with the previous year. LenDenClub analysed its data, drawing insights into the investment patterns and behaviours of investors in the state of Gujarat. The analysis was conducted on its active overall investor base of over 06 lakh for nine months starting from January 2021 to... more
Resistant AI Announces $16.6 Million in Series A Funding from GV and Index Ventures to Protect Financial Automation from Fraud and Financial Crime
- 3 years 1 month ago
- Artificial Intelligence, Fundraising News, Fraud Detection
● Artificial intelligence security company raises Series A funding ● Resistant AI responds to increasing vulnerabilities in financial services caused by widespread automation and algorithm-driven compliance and security ● The founding team’s previous startup, Cognitive Security, formed the basis for Cisco’s widely deployed threat detection platform ● Resistant AI’s product uses machine-learning and sophisticated modelling to reinforce ... more
Proportunity Raises Over £100M to Support UK Home Ownership Dream
- 3 years 1 month ago
- Fundraising News
London-based fintech aiming to help thousands of first-time buyers and ‘second steppers’ on property ladder neo-lender Proportunity has raised £105m ($150m) investment through debt and equity funding as it aims to support more people achieve their UK home ownership dream. The new investment follows a £7.3m ($10m) funding round in 2020 for the London-based fintech.
Zopa Raises $300 Million Led by Softbank Vision Fund 2 to Build the UK’s Best Bank for Lending and Savings
- 3 years 1 month ago
- Digital banking, Fundraising News, Banking
· Launched in June 2020, Zopa bank is one of the UK’s newest digital banks, built on its unique legacy as the world’s first Peer-to-Peer lender · It meets customer needs by focusing on how they borrow and save, the two things with the most impact on consumer finances · Latest financing is a clear validation of Zopa’s sustainable lending model and of its strong unit economics
Chip closes the biggest equity crowdfund of the year; raises £11.5m from 12K investors
- 3 years 1 month ago
- Fundraising News, Banking
Chip, the digital savings account, has raised a total of £11.5 million from 12,954 investors, making it the biggest equity crowdfund of the year as well as the biggest equity crowdfund held on Crowdcube of all time. As part of the record-breaking round, Chip raised £1 million in under 10 minutes and hit £8.6+ million in under 48 hours. Off the back of the crowdfund, the company added 6,500 new investors, growing its shareholder community to over... more
RPA Supervisor Raises $5m to Support Organisations Manage Their Digital Workforce
- 3 years 1 month ago
- Fundraising News, Management, Fund Management
Automated management platform manages and optimises performance of RPA operations by 50%
Antler Raises Over $300m and Expands Investment Focus to Invest Up to Series C
- 3 years 1 month ago
- Fundraising News, Investment
Global venture capital firm Antler has announced that it has raised over $300m to date. The firm invests globally in companies at the pre-seed stage, and intends to now provide continued support investing up to Series C.
Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors
- 3 years 1 month ago
- Fundraising News, Lending, Investment
Lendable Inc. ("Lendable" or the "Firm"), a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments. The Lendable MSME Fintech Credit Fund (the "Fund") is designed to unlock access to financial services for over 150,000 Micro, Small and Medium Enterprises (MSMEs), providing investors with high impact exposure to important markets... more
Apex Litigation Finance to Appoint Mark Sands as Head of Insolvency
- 3 years 1 month ago
- Fundraising News
Litigation funding specialists Apex Litigation Finance have announced the upcoming appointment of Mark Sands as Head of Insolvency. Mark will join the firm in January 2022, assuming overall responsibility for the company’s presence in the insolvency sector. Mark has more than 35 years’ experience in the insolvency profession, most recently in a senior role at Quantuma. A former President of the Insolvency Practitioners Association, Mark’s career... more
Tide Launches ESOP Secondary Sale Programme After an Oversubscribed Series C Round
- 3 years 1 month ago
- Fundraising News, Platform Technology, Financial
Tide, the UK's leading business financial platform, which began operations in India in 2020, recently facilitated the secondary sale of Employee Stock Ownership Plan (ESOPs) to investors for its employees in India, Bulgaria and the UK, following its recent Series C funding, due to oversubscription. Approximately 50-percent of all permanent employees have been allotted ESOPs at various levels across all departments.
Getsafe secures another $63 million in funds, extending its Series B to $93 million.
- 3 years 1 month ago
- Fundraising News
Getsafe, the digital insurer targeting millennial buyers in Germany and the UK, has expanded its Series B funding round to $93M. The company is now serving a quarter of a million customers in Germany and the UK, consolidating its position as Europe’s largest neo-insurer.
CoinSwitch Kuber Raises USD 260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz (a16z)
- 3 years 1 month ago
- Fundraising News, Asset Management, Cryptocurrencies
● With participation from both its Crypto and Growth funds, a16z is making its first investment in an Indian startup ● Coinbase Ventures joins a16z and existing investors Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global ● CoinSwitch Kuber has reached unicorn status and is now India’s largest crypto asset platform, valued at $1.9 billion serving 10 million+ Indian customers
Scaleup Sonovate exceeds £2bn funding milestone as contract working trend continues to accelerate
- 3 years 1 month ago
- Fundraising News, RegTech
30,000 people in over 40 countries now paid by businesses receiving Sonovate’s embedded finance Sonovate funds second billion pounds to British and overseas companies in just two years - four times faster than the time taken to fund its first billion pounds Established lender poised to benefit from growing international demand for “Lending as a Service” and adaptation by global business community to more flexible, contract working
Money Transfer Fintech TransferGo Closes $50m Series C
- 3 years 1 month ago
- Fundraising News, Payments
TransferGo, one of the world’s fastest growing money transfer companies, has today announced that it has secured $50m in a Series C funding round. This latest fundraise, led by Elbrus Capital Fund III and Black River Ventures, follows consistent 80% year-on-year growth for the fintech company since its launch, and brings the total raised to-date for TransferGo to $77m.
