Sedric AI Raises $18.5 Million Series A to Empower Financial Institutions with an AI-Based Compliance Platform
- 4 weeks 1 day ago
- Fundraising News
Sedric AI, (“Sedric”), the pioneering compliance-dedicated AI platform for financial institutions, today announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation from Amex Ventures and existing investors including StageOne Ventures and The Garage, brings the total amount raised by the... more
Approveit Receives $1 Million Investment to Further Its Goal
- 1 month 19 hours ago
- Fundraising News
Approveit, an operations and automation platform for businesses, is thrilled to announce the successful completion of a $1M deal with technology investors, including 10vc, Verras Capital, Telegraph Hills Capital and many others partners and angel investors. The platform seamlessly integrates the company's existing messengers and task managers for transparency and control over finances, auditing, reporting and other business processes, reducing... more
PayPal Ventures Leads Ume’s $15 Million Series A Funding Round
- 1 month 1 day ago
- Fundraising News
Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, today announced it has raised $ 15 million in Series A equity funding. The round was led by PayPal Ventures, with participation from NFX, Globo Ventures, Clocktower Ventures, Big Bets, FJ Labs, Endeavor and Norte Ventures. Ume has also raised a USD $20 million FIDC debt facility from Verde, Wersten Asset, Itaú, Credit Saison and Milenio.
Omnisient Secures $7.5 Million Investment from Arise
- 1 month 2 days ago
- Fundraising News
South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion.
Validus Secures Up to US$50M Facility From HSBC to Strengthen Digital Lending for MSMEs in Indonesia
- 1 month 3 days ago
- Fundraising News
Validus, a leading digital SME lending platform headquartered in Singapore, today announced the establishment of a debt facility of up to US$50 million from HSBC under the ASEAN Growth Fund strategy and is aimed to support financial inclusion for micro, small and medium enterprises (MSMEs) in Indonesia, addressing their challenges in accessing financial resources.
Propel Celebrates 10 Years with New Funding and Innovations to Enhance Safety Net Navigation
- 1 month 6 days ago
- Fundraising News
Propel, a leading tech company for low-income Americans, celebrates its 10th anniversary with new initiatives funded by a $3.5 million grant from the Bill & Melinda Gates Foundation. This funding will support Propel's development of AI-powered tools to enhance safety net navigation.
TBC Bank Uzbekistan Secures $25 million from Swiss Impact Investor BlueOrchard
- 1 month 1 week ago
- Fundraising News
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured $25 million in debt financing from a private debt fund managed by Switzerland-based impact investor BlueOrchard Finance Ltd (BlueOrchard).
Parafin Closes $93M Debt Facility with Jefferies and Trinity Capital Inc.
- 1 month 1 week ago
- Fundraising News
Parafin, a leading innovator in embedded finance, announced today that it closed a $93M debt facility with Jefferies and Trinity Capital Inc. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin’s ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from... more
Linker Finance Secures $3.7M Seed Round from Industry Leading Investors
- 1 month 1 week ago
- Fundraising News
Linker Finance, a platform that empowers community banks to take back control of their digital banking experience through a secure and holistic mobile and online digital banking platform, has successfully raised $3.7m in seed financing. The round is led by Ten One Ten Ventures and Chingona Ventures.
Shift Closes $AUD35M Series D Equity Raise
- 1 month 1 week ago
- Fundraising News
Shift, a leading provider of credit and payment products to Australian businesses, announced today that it has closed an $AUD35 million Series D funding round, led by Peak XV Partners (formerly Sequoia Capital, SEA).
Axio Secures $20 Million Investment from Amazon SMBhav Venture Fund
- 1 month 1 week ago
- Fundraising News
Axio is pleased to announce that it has raised $20 million from the Amazon Smbhav Venture Fund. This significant investment marks a major milestone in Axio's mission to enhance credit accessibility for small and medium-sized enterprises (SMEs) in India.
Trunk Tools Raises $20M Series A Led by Redpoint Ventures
- 1 month 1 week ago
- Fundraising News
Trunk Tools, a groundbreaking AI platform disrupting the $13 trillion construction industry, announces a $20 million Series A. The new capital was led by Redpoint Ventures with participation from Innovation Endeavors, who led the Seed round, bringing the total capital raised to-date to $30M.
DMI Finance Announces a USD 334 Million Equity Investment by Mitsubishi UFJ Financial Group, Inc.
- 1 month 1 week ago
- Fundraising News
DMI Finance Private Limited (“DMI Finance”), the NBFC arm of the DMI Group (“DMI Group”), today announced an INR 2798 crore (approximately USD 334 million) equity investment by Mitsubishi UFJ Financial Group, Inc. (“MUFG”) through its consolidated subsidiary MUFG Bank, Ltd (“MUFG Bank”). This brings the total investment by MUFG in DMI Finance to INR 4712 crores (approximately USD 565 million).
Siepe Raises $30 Million to Transform Data Management in Private Credit and CLO Markets
- 1 month 1 week ago
- Fundraising News
Siepe LLC, a trusted provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will drive a multi-product roadmap, including the expansion of its AI and Machine Learning capabilities, and strengthen strategic partnerships.
Thera Raises $4 Million in Seed Funding
- 1 month 2 weeks ago
- Fundraising News
Thera, a leading payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Notable angels in the round include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. The company will use the funds to accelerate its growth by further developing its platform and expanding its team in New York City.
