Fintech Company Yendo Raises $165 Million in New Capital to Fuel Growth
- 6 months 2 weeks ago
- Fundraising News
Yendo, the company that created the first-ever vehicle-secured credit card, today announced the close of $150 million in debt financing led by i80 Group. The financing will be used to fuel customer growth, introduce new products and expedite the expansion of the company’s offerings across all 50 states. Specifically, Yendo will use the financing to fund the growth of originations on its platform, which will enable the company to extend credit to... more
NBFC-backed Digital Lending Platform Propelld Secures Over $25 Million Through Debt Raising
- 6 months 2 weeks ago
- Fundraising News
Propelld, a fintech leader in education lending, today announced that it has secured over USD 25 million through debt raising for Edgro, a wholly-owned subsidiary licensed Non-Banking Financial Company (NBFC). Edgro has raised the amount from nine lenders such as Credit Saison India Private Limited, AU Small Finace Bank, InCred Financial Services Limited, and Northern Arc Capital Limited.
Aeropay Announces $20M in Series B Financing, Further Solidifying Position as a Leader in U.S. Open Banking & A2A Payments
- 6 months 2 weeks ago
- Fundraising News
Aeropay, a leading provider of Pay-By-Bank solutions for businesses, today announced $20 million in Series B financing. Los Angeles-based fintech venture capital firm Group 11 led the round, with participation from Chicago Ventures and Continental Investment Partners.
Cover Genius Closes $80M in Series E Funding
- 6 months 2 weeks ago
- Fundraising News
Cover Genius, the leading insurtech for embedded protection, today announced its $80 million Series E funding round. Despite the tech funding slowdown, the round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.
Worky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico
- 6 months 3 weeks ago
- Fundraising News
Worky, an all-in-one HR and payroll software solution for Mexican companies, has announced the closure of a U.S. $6 million Series A financing round led by Atlántico, a Brazil-based fund, and with participation from ADP Ventures.
Grasp, One of the World's first AI Assistant for the Finance Industry, Raises $1.9M for Global Expansion
- 6 months 3 weeks ago
- Fundraising News
Grasp, one of the world's first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest. Together, they have acquired an ownership stake of just under 13%. The investment will be used to accelerate the development of Grasp’s AI platform and continue its global expansion.
Harness Raises $150 Million in New Financing
- 6 months 3 weeks ago
- Fundraising News
Harness, the Modern Software Delivery Platform® company, today announced $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc.. The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and additional investments in the company's go-to-market engine.
Linnovate Partners Announces Close of USD 40 Million Funding Commitment Led by SeaTown
- 6 months 3 weeks ago
- Fundraising News
Linnovate Partners ("Linnovate"), a leader in asset servicing and fintech for the alternative investment industry, is pleased to announce the successful closure of USD 40 million funding commitment by SeaTown Private Capital Master Fund. SeaTown Private Capital Master Fund is managed by SeaTown Holdings International Pte. Ltd. ("SeaTown"), a leading Asia-focused alternative investments firm that is owned by Seviora, Temasek's asset management... more
UK AI-led fintech Abound Announces New Funding Round to Increase Access to Fair Credit
- 6 months 3 weeks ago
- Fundraising News
London-based credit technology company Abound has announced a new financing round which in aggregate could extend up to £0.8bn. The new funding comes on the back of continued growth, with Abound reaching profitability just 3 years after launch. The funding announcement—one of the largest in Europe so far this year — is a mixture of debt and equity. Abound will use the new funding to expand into prime lending in the UK, and to roll-out Render,... more
Greenboard Announces $4.5M Seed Round from Base10 Partners to be "Rippling for financial compliance and operations"
- 6 months 3 weeks ago
- Fundraising News
Greenboard, a new compliance and operations software company for financial services, announced today that the company has completed a $4.5 million Series Seed funding round led by Base 10 Partners, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and others.
Eleos Secures $4M Seed Investment
- 6 months 4 weeks ago
- Fundraising News
Only six months after completion of its pre-seed round, Eleos has raised venture capital investment of $4 Million USD in a seed round led by Fuel Ventures and Indico Capital. Additionally, this funding round was further supported by APX. Founded in 2022, Eleos has made rapid progress in consolidating its position as the UK’s only provider of fully digital life insurance and income protection products and is on course to pass the £1 million... more
Simplifai Secures a Significant Investment with Idékapital as Lead Investor
- 6 months 4 weeks ago
- Fundraising News
Simplifai, a pioneering force in AI Automation Solutions for insurance and banking, proudly announces the completion of its latest investment round, securing a significant investment. The investment round was led by Idékapital, the Norwegian investor funding and supporting high-growth B2B software and technology scale-ups with global potential.
fundcraft Raises €5 Million Series A Round led by Aperture Capital
- 6 months 4 weeks ago
- Fundraising News
fundcraft, a leading provider of digital infrastructure for asset management, today announces that it has closed a €5 million Series A funding round, led by Aperture Capital, with participation from SIX Fintech Ventures, the CVC arm of SIX Group, and early supporters. The funds will be used for product development and to fuel fundcraft's international expansion.
SME Lender iwoca Secures £270m From Citi and Barclays, Taking Total Investment in the Business Past £1bn
- 6 months 4 weeks ago
- Fundraising News
iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to support the company’s growth in Germany, and a further £120m from Barclays and Värde for the UK business, as it responds to mounting demand for finance from small businesses.
Securitize Announces $47 Million Strategic Funding Round Led by BlackRock
- 7 months 3 days ago
- Fundraising News
Securitize, the leader in tokenizing real-world assets, today announced the successful completion of a $47 million funding round led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW).
