International Insurtech bolttech Valued at US$1.6 Billion in Series B Up-round
- 1 year 9 months ago
- Fundraising News
bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion. The round was led by Tokio Marine – Japan’s first insurance company with a 140-year history. Other key investors include global life insurance giant MetLife through its subsidiary MetLife Next Gen Ventures, Malaysia’s sovereign wealth fund Khazanah Nasional, as well as new and existing shareholders.
GTreasury Secures Investment from Hg to Accelerate Growth as a Global Treasury Management Software Platform
- 1 year 9 months ago
- Fundraising News
GTreasury, a treasury, payments, and risk management software provider, today announces that it has secured a majority investment from Hg, a leading investor in global software and services companies.
Regulatory Scrutiny Threatens FinTech Growth: Ex-regulators Raise $1M to Help Comply
- 1 year 9 months ago
- Fundraising News
AMLYZE, a leading RegTech firm specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, has successfully concluded a $1 million pre-seed investment round.
wefox Secures $110M with $55M Credit Facility from J.P. Morgan and Barclays
- 1 year 9 months ago
- Fundraising News
wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint. The funding comes on the heels of wefox delivering a record first-quarter financial performance and signals the company’s clear path towards profitability.
Tipalti Secures $150 Million in Growth Financing from JPMorgan Chase Bank and Hercules Capital
- 1 year 9 months ago
- Fundraising News
Tipalti, the leading global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. Coming on the heels of a $270 million Series F in 2021 that brought the company’s total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.
Zip Raises $100 Million Series C at $1.5 Billion Valuation to Revolutionize Procurement
- 1 year 9 months ago
- Fundraising News
Zip, the world’s only intake-to-pay platform, today announced its $100 million Series C funding round at a $1.5 billion post-money valuation, with investment from Y Combinator, CRV and Tiger Global.
UK Talent-Tech Firm Targets Enterprise Growth with New Investment Round
- 1 year 9 months ago
- Fundraising News
Clu, a skills-based inclusive hiring platform, today announces an investment round of £1.2million to further progress its goal of becoming a major player within the Talent-Tech market, which is forecast to reach $30 billion by 20331.
UK Pension Startup Smart Raises $95M in Series E Funding
- 1 year 9 months ago
- Fundraising News
Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London.
African Fintech M-KOPA Raises $250M
- 1 year 9 months ago
- Fundraising News
M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth.
TerraPay Welcomes Visa as a Strategic Investor and Global Partner as Digital Cross-border Trade Accelerates
- 1 year 9 months ago
- Fundraising News
TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs.
Abhi Becomes MENAP’s First Fintech to Issue Islamic Bonds
- 1 year 9 months ago
- Fundraising News, Islamic Finance
ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is a significant milestone for both ABHI, and the region, as no other Fintech in the region has successfully achieved this before.
Credit Card FinTech Petal Secures $35M
- 1 year 9 months ago
- Fundraising News
Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $35 million in funding and spun off is B2B-focused subsidiary Prism Data.
8fig Raises $140M Series B Funding to Boost ECommerce Businesses
- 1 year 9 months ago
- Fundraising News
8fig has taken another leap forward in our mission to help a growing number of eCommerce sellers achieve sustainable growth despite a turbulent global economy, thanks to an immensely successful Series B funding round. We at 8fig are excited to announce that we secured $140 million in funding at the close of our Series B funding round in April 2023. 8fig’s total funding to date is now $196.5 million.
British Business Investments Commits a Further £30M to Apera Asset Management
- 1 year 9 months ago
- Fundraising News
British Business Investments today announces it has increased its commitment to private credit provider Apera Asset Management by £30m. The increase, which follows an earlier commitment of £50m, brings the total commitment from British Business Investments to £80m. The investment will be deployed through a Separate Managed Account (SMA), enabling British Business Investments to pursue a bespoke investment strategy and invest in UK companies only... more
Blackfinch Property Completes £2.3M Development Loan for Housing with a Sustainability Strategy in Worcestershire
- 1 year 9 months ago
- Fundraising News
Blackfinch Property, a rapidly growing agile lender to the UK property market, has provided £2.3m in funding to a special purpose vehicle (SPV) of Dunedin Homes for the development of seven new homes in Droitwich Spa, Worcestershire, each fitted with environmentally friendly features.
