Maviance PLC, closes its Seed Round to Fund its Expansion Within the Central African Economic Region (CEMAC)
- 3 years 6 months ago
- Fundraising News
Maviance PLC (www.smobilpay.cm), a Cameroon-based fintech, announced today that it has closed its Seed investment round of USD 3 million from the pan-African digital payments hub MFS Africa, which comes on board as a strategic investor. Maviance will use the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC).
HIPSTO Launches its Series A Funding Round
- 3 years 6 months ago
- Fundraising News, Cloud
HIPSTO today announced the launch of its Series A Funding Round, providing the rare opportunity to invest in an organization with proprietary, leading-edge AI/advanced NLP technology as it starts its commercial journey.
Integral Reports Average Daily Volumes of $43.3 Billion in April 2021
- 3 years 6 months ago
- Fundraising News
Integral (www.integral.com), a leading technology company in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $43.3 billion in April 2021. This represents a decrease of -19.2% compared to March 2021 and an increase of +23.4% compared to the same period in 2020. Reported ADV represents volumes traded across the group’s entire liquidity network, including TrueFXTM and Integral OCXTM, in... more
Wealthsimple Passes 2 million Canadian Users as it Delves into Banking Territory
- 3 years 6 months ago
- Fundraising News
The Canadian fintech surpassed the 2 million user mark in its home country, up from around 1.5 million when it last reported the figure in October. Wealthsimple unveiled the user updates alongside a CAD$750 million ($559.2 million) funding round on Monday, which values it at CAD$5 billion ($3.73 billion)—more than triple the CAD$1.5 billion ($1.12 billion) valuation it reached after its previous round in October.
Chargebee Raises $125M Series G Funding to Accelerate the Global Shift to Subscriptions
- 3 years 6 months ago
- Fundraising News
Chargebee, the leading subscription billing and revenue management platform, today announced a fresh round of $125M in series G funding, co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners, along with participation from existing investors.
Nebulon Delivers SmartInfrastructure in Supermicro Ultra Servers
- 3 years 6 months ago
- Fundraising News, Cloud
Nebulon, Inc® announced today the availability of smartInfrastructureTM, a server-embedded, infrastructure software delivered as-a-service, which offers the benefits of the public cloud on-premises, from core to edge for any application: containerised, virtualised or bare-metal.
Deepbridge Achieves record EIS Fundraising Levels
- 3 years 6 months ago
- Fundraising News
Venture capital investment manager Deepbridge Capital today announces that it has seen a record year of Enterprise Investment Scheme (EIS) fundraising, with £29.4 million deployed across 37 growth companies. This represents an increase from 2019/20 and 2018/19 in which £21 million and £28 million were deployed respectively. Deepbridge manages the Deepbridge Technology Growth EIS and the Deepbridge Life Sciences EIS.
Closing of illimity SGR’s First Fund, the “illimity Credit & Corporate Turnaround Fund,” Sells UTP Credit Positions of Over 200M Eur
- 3 years 7 months ago
- Fundraising News, Management
illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, has completed the first closing of “illimity Credit & Corporate Turnaround” (the “Fund” or “iCCT”)—a contribution fund dedicated to investments in unlikely to pay (“UTP”) loans to SMEs with revival and relaunch prospects.
Cynergy Bank Lends Over £130m in Coronavirus Business Interruption Loan Scheme Loans
- 3 years 7 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 7 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 7 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 7 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 7 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 7 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
