Cynergy Bank Lends Over £130m in Coronavirus Business Interruption Loan Scheme Loans
- 3 years 8 months ago
- Fundraising News, Banking
Cynergy Bank reached a significant milestone in February, lending over £130m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), with further facilities being submitted for approval, Cynergy Bank is expecting to further increase its lending to SMEs under the scheme. Delivered through British Business Bank accredited lenders, CBILS is designed to support the continued provision of finance to UK... more
Payment App Osu Raises £2.25M in its Mission to Support the UK’s Self-employed
- 3 years 8 months ago
- Fundraising News, Payments, IT Innovations
Osu, the payment app for the UK’s self-employed, has today announced the close of a £2.25million seed round, led by early-stage experts Creandum, to fund further growth to reach 10,000 customers this year. Launched in 2020 by co-founders Noam Nevo, Daniel Scott and Alon Zion, Osu is transforming the way the self-employed accept and manage their payments through its seamless and intuitive app.
Future Fund Approves £1.2 Billion of Convertible Loan Agreements
- 3 years 8 months ago
- Fundraising News, Banking
Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 1,236 companies that have been approved for £1.20bn (£1,203.7m) worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 1,846 applications in total since the scheme was launched and the scheme closed to new applications on 31 January 2021.
Meniga Closes a €10M Investment Round Led by Velocity Capital and Frumtak Ventures to Meet Global Demand for New Green Banking Products
- 3 years 8 months ago
- Fundraising News, Banking
Meniga (www.meniga.com), a leading provider of digital banking solutions for some of the world’s largest financial institutions, has closed a €10m strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki.
Zopa Closes £20m Internal Fundraise Following the Year 1 Success of Its Bank
- 3 years 8 months ago
- Fundraising News
Zopa has today announced that it has raised an additional £20m from existing investors. This represents a significant vote of confidence following the initial success of its bank launch and growth of its latest products. Only nine months on from gaining its full bank licence, neobank Zopa has successfully launched Fixed Term Savings accounts and an innovative credit card to UK consumers. These products are in addition to its award-winning ... more
Fintech Startup M2P Solutions-YAP Raises $10 million in Series B Funding
- 3 years 8 months ago
- Fundraising News
Fintech startup M2P Solutions- YAP has raised $10 million (Dhs 36.7 Mn) in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an undisclosed valuation. YAP’s existing investors—Beenext, 8i Ventures and Better Capital—also participated in the financing round. This is a second fundraising for YAP in less than a year. The Chennai-headquartered startup had raised $4.5 million as part of its Series A round in April... more
Drawbridge Announces Growth Equity Investment from Long Ridge Equity Partners
- 3 years 8 months ago
- Fundraising News, Investment Management, Cybersecurity
Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has closed a minority investment from Long Ridge Equity Partners. Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth... more
Smart Comparison Fintech Firm MONVA Announces Second Fundraising Campaign
- 3 years 8 months ago
- Fundraising News, Trading Systems, Investment
Fintech MONVA has today launched its latest round of fundraising, returning to Crowdcube one year after smashing its last fundraising target. MONVA is now targeting a further £200,000 investment via Crowdcube, ahead of a larger institutional round expected to take place towards the end of 2021.
Finboot Secures £2.4 Million Fundraise from the Development Bank of Wales and Repsol
- 3 years 9 months ago
- Fundraising News
Leading enterprise blockchain technology group Finboot is setting up operations in Cardiff, Wales, having secured a £2.4 million equity investment from investors including the Development Bank of Wales, the multi-energy company Repsol, through its private equity investment fund Repsol Corporate Venturing, and New Look founder Tom Singh, who was the company’s original lead investor in 2018.
Subscription “Terminator” Lands €4 Million Series A Investment from ex-Mastercard President
- 3 years 9 months ago
- Fundraising News, Payments
What if there was a button to unsubscribe from all your paid subscriptions at once? There is, and a former Mastercard president just invested €4 million in it, as the global Corona pandemic has fueled an explosive “subscription surge.”
Monument Bank Raises Over £28 Million as it Successfully Completes Series A Funding Round
- 3 years 9 months ago
- Fundraising News, Banking
Despite the continued challenges of the Covid-19 pandemic and its impact on funding rounds globally, Monument (or the “Bank”) has raised over £28m million, significantly ahead of expectations and successfully completing one of the largest Series A funding rounds in fintech / banking of 2020 / 21, backed by a combination of new and existing experienced investors.
Cirrus Announces Capital Investment from Manifesto Agency
- 3 years 9 months ago
- Fundraising News, Lending, Cloud
Cirrus, a provider of cloud-based document management software, announced a capital investment from Portland and Milwaukee-based branding agency Manifesto, that will also coincide with a corporate branding campaign that Manifesto is leading.
Maven Invests £1M in Fintech Platform Pockit
- 3 years 9 months ago
- Fundraising News
Maven Capital Partners (“Maven”), one of the UK’s most active SME finance providers, has today announced it has invested £1m into Fintech platform, Pockit Ltd (“Pockit”) as part of Pockit’s £15m Series B funding round. The business has secured £1 million funding through the North East Development Fund, supported by the European Regional Development, and £1.3 million via private investors, Crowdcube and the Future Fund, a government scheme backed... more
Billhop Raises €4M in Series A Funding from Element Ventures
- 3 years 9 months ago
- Fundraising News, Payments
Billhop (www.billhop.com/gb), the Swedish company which enables businesses and individuals to pay their invoices by credit card, has closed a €4M Series A investment round from financial technology VC Element Ventures (www.elementventures.vc).
OutSystems Raises $150 Million Investment at $9.5 Billion Valuation
- 3 years 9 months ago
- Fundraising News
OutSystems, the leading modern application platform, today announced a $150 million capital raise. The round, co-led by Abdiel Capital and Tiger Global, values OutSystems at $9.5 billion. The funding will be used to expand investments in its R&D and GTM strategy.
