Fundraising News

Float Financial Announces $70 Million Investment Round Led by Growth Equity at Goldman Sachs Alternatives to Build Canada’s Most Complete Business Finance Solution

1 month 3 weeks ago
Fundraising News

Float Financial, a business finance platform for Canadian businesses, today announced it has signed a CAD $70 million Series B financing round, which brings its total funds raised in the last 12 months to $120 million. The round is led by Growth Equity at Goldman Sachs Alternatives, with participation from OMERS Ventures, FJ Labs, Teralys and existing investor Garage Capital. Float’s range of business finance products is already trusted by big... more

Brex Secures $235 Million Credit Facility With Citi and TPG Angelo Gordon to Accelerate Card Product Growth

1 month 3 weeks ago
Fundraising News

Brex, the modern corporate card and spend management platform for startups and enterprises, today announced the closing of a two-year, $235 million revolving credit facility. Citi serves as senior lender for the credit facility, joined by TPG Angelo Gordon as a participating lender.

Nevermined Raises $4M to Build the PayPal for AI-Commerce

1 month 3 weeks ago
Fundraising News

Nevermined, the leading provider of AI payment infrastructure for AI-to-AI transactions, today announced it has raised over $4 million in funding to accelerate the adoption of AI-Commerce by enabling AI agents to pay and get paid. The round was led by Generative Ventures, with participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures and Arca.

Nomupay Raises $37M to Expand Unified Payments Access in Complex Asia Market

1 month 3 weeks ago
Fundraising News

Nomupay has completed a third investment round of $37m, bolstering the firm’s ambition to open up the notoriously complex Asian market to international acquirers, merchants, Payment Service Providers (PSPs) and Independent Sales Organisations (ISOs). The final $12m tranche of the September fundraise was led by Endeit Capital, with Uneti Ventures (backed by early Adyen employees) participating. Existing investors continued their support,... more

OnPay Raises Over $100 Million in Funding

1 month 3 weeks ago
Fundraising News

OnPay, a leading provider of payroll, HR, and benefits solutions, announced today that it has secured more than $100 million in funding. The funding consists of a $63 million Series B funding round led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, as well as existing investors, and a debt facility provided by MC Credit Partners.

ThreatMark Secures $23 Million to Advance the Fight Against Online Fraud

1 month 3 weeks ago
Fundraising News

ThreatMark has always been dedicated to ensuring that people feel secure in their online transactions. In line with this mission, they are thrilled to announce a major step forward: securing $23 million in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.

Fazeshift Secures $4M Seed Round Led by Gradient to Automate Accounts Receivable With AI

1 month 3 weeks ago
Fundraising News

Fazeshift, an AI agent for Accounts Receivable, raised $4M in seed funding led by Gradient, Google's early-stage AI fund. The round also included investment from Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and prominent angels including Terrence Rohan, Kulveer Taggar, and Rich Aberman.

Billboxx Secures $1.6 Million Pre-seed Funding to Empower African SMEs With Cash Flow Solutions

1 month 4 weeks ago
Fundraising News

Billboxx, the integrated billing to payment platform aimed at ensuring timely payments for businesses across Africa, has successfully closed a $1.6 million pre-seed funding round.

UAE-Based Embedded SME Lending Startup CredibleX Raises US$55M in Seed Round

2 months 1 week ago
Fundraising News

CredibleX, UAE's Leading SME Lending Fintech, Provides Access to 100,000 SMEs for Financing and Disburses AED 100 Million During Launch CredibleX, a pioneering working capital finance platform for SMEs, is proud to announce that it has successfully disbursed AED 100 million in loans to small businesses across the UAE since the pilot launch of its platform eight months ago.

Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing

2 months 2 weeks ago
Fundraising News

As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider... more

SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI

2 months 2 weeks ago
Fundraising News

SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.

Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans

2 months 2 weeks ago
Fundraising News

Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.

TBC Bank Uzbekistan Secures $37M Equity Investment, Making 2024 a Record Year

2 months 2 weeks ago
Fundraising News

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.

X Financial Announces US$48.7 Million Share Repurchase from Major Shareholder

2 months 2 weeks ago
Fundraising News

X Financial, a leading online personal finance company in China, today announced that it has entered into a repurchase agreement with a major shareholder on December 16, 2024, pursuant to which the Company will repurchase 6,349,206 American depositary shares ("ADSs"), representing 38,095,236 Class A ordinary shares of the Company, at a price of US$7.67 per ADS with a total repurchase price of approximately US$48.7 million (the "Repurchase").