Irys Insurtech, Inc. the Revolutionary Insurtech Challenger, Closes $3.5 Million Seed Round to Take on Legacy Competitors
- 1 year 3 months ago
- Fundraising News
Irys Insurtech, Inc., a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems.
Canadian Fintech LemFi Raises $33 Million
- 1 year 3 months ago
- Fundraising News
LemFi, a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree.
Turkish FinTech Craftgate Secures $1M to Revamp Payment Solutions
- 1 year 3 months ago
- Fundraising News
Craftgate Technology, a “One-Stop Shop” payment orchestration platform, announces that the Company received USD 1 million investment from D-MARKET Electronic Services & Trading, a leading Turkish e-commerce platform and D4 Ventures, a UK-based venture capital company.
Ramp Announces $300 Million in New Funding to Accelerate Expansion
- 1 year 3 months ago
- Fundraising News
Ramp, the finance automation platform designed to help businesses spend less, today announced a $300 million Series D on the back of strong revenue growth, rapidly increasing market share among small and mid-sized businesses, and successful expansion into the enterprise segment over the past year. The company will use this capital to further fuel its industry-leading pace of product development and accelerate its expansion into adjacent... more
Translucent, the Accounting & Financial Management Platform for Multi-Entity Businesses, Raises £5M Seed Round
- 1 year 3 months ago
- Fundraising News
Translucent, the accounting platform solving the financial management problems of multi-entity and multi-national businesses, has raised a £5M seed round co-led by Chalfen Ventures and LocalGlobe.
Finastra Secures a Massive $5.3B Debt Financing
- 1 year 3 months ago
- Fundraising News
Finastra, a FinTech enterprise owned by Vista Equity Partners, has successfully secured a groundbreaking private loan package. This colossal amount of $5.3bn is being provided by renowned private lenders, notably Oak Hill Advisors, Blue Owl Capital, and HPS Investment Partners, as detailed in a recent Bloomberg report.
Cynergy Bank Secures £20M Tier 2 Capital Facility from British Business Investments
- 1 year 3 months ago
- Fundraising News
Cynergy Bank today announces that it has secured a £20 million Tier 2 capital facility from British Business Investments. The capital will be deployed across Cynergy Bank and Cynergy Business Finance.
ZetaChain Raises $27M for Interoperable Layer-1 Blockchain That Connects All Chains, Including Bitcoin, Cosmos, and Ethereum
- 1 year 3 months ago
- Fundraising News
ZetaChain, the layer-one blockchain that brings universal interoperability to crypto, has closed a $27 million equity funding round from a range of top participants. The participants in the equity round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.
Fintech Platform Vegapay Secures $1.1M in Pre-seed Round
- 1 year 3 months ago
- Fundraising News
Vegapay, a digital lending and card management platform, has successfully secured $1.1m in a pre-seed funding round. This round saw participation from a consortium of investors, including Eximius Ventures, DSP HMK, Capri Global, Upsparks Capital, MGA Ventures, Climber Capital, and individuals such as Arun Venkatachalam from Murugappa Group and Pratekk Agarwaal, a General Partner at GrowthCap Ventures.
Finofo Secures $1.25M Pre-seed Round
- 1 year 3 months ago
- Fundraising News
Canadian financial technology start-up Finofo has emerged with a vision to streamline the often complex world of foreign exchange (FX). Today, the company, co-founded by Charles Maranda, Prateek Sodhi, and Malav Shah, has announced a groundbreaking platform that aims to provide businesses with a more transparent, efficient, and cost-effective method for handling cross-border transactions.
BitGo Raises $100M in Series C Funding
- 1 year 3 months ago
- Fundraising News
BitGo, the “leading regulated custodian in over 50 countries” and responsible for processing “20% of all on-chain Bitcoin transactions by value”, has announced today a considerable achievement. The company successfully raised $100m in their Series C financing round.
Linera Blockchain Raises Additional $6M for its Microchain Design Evolving from Meta’s Novi Research
- 1 year 3 months ago
- Fundraising News
Linera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital payments wallet and a cryptographic protocols specialist, Linera’s pioneering technology aims to bring web2 scalability to web3 applications by introducing an unlimited number of user chains powered by an elastically scalable network.
Mexican Fintech Klar Secures $100 Million Debt Facility from Victory Park Capital
- 1 year 3 months ago
- Fundraising News
Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable,... more
SureIn Secures €4M to Close the SMB Insurance Gap
- 1 year 3 months ago
- Fundraising News
Berlin-based InsurTech startup SureIn has closed a €4M Seed round for its mission to provide end-to-end insurance solutions to small and medium-sized businesses (SMBs).
Xverse Raises $5 Million in Seed Funding Round Led by Jump Crypto
- 1 year 3 months ago
- Fundraising News
Xverse, a Bitcoin Web3 wallet, including NFTs through a method called Ordinals, has secured significant backing in its latest seed round. The company raised $5m in a seed round that was led by prominent industry investor Jump Crypto.
