Clearco Raises $60M Series D Funding Led by Inovia Capital
- 1 year 10 months ago
- Fundraising News
Toronto-based fintech Clearco announced today the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include a $60M equity raise from existing investors and a new asset-backed financing facility, which provides up to $100M in financing capacity, and is expected to support $850M of Clearco originations over the next two years.
Lendbuzz Raises $345 Million to Expand its AI-Powered Auto Finance Platform
- 1 year 10 months ago
- Fundraising News
Lendbuzz, a financial technology company, that uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers announces today that they raised $345 million in a combination of $45 million in equity funding and $300 million in a forward flow facility.
Vyzer Raises $6.3 Million in Seed Round to Transform Wealth Management with AI
- 1 year 10 months ago
- Fundraising News
Vyzer, an innovative digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data into potent wealth-building strategies and grants investors access to a unified portfolio view.
Stampli Secures $61M to Advanced AI-Powered AP Automation
- 1 year 10 months ago
- Fundraising News
Stampli, a frontrunner in AI-powered accounts payable automation, has made waves in the FinTech world after securing $61M. The firm has successfully amassed the funding in its Series D venture funding round. This was masterminded by Blackstone, and saw notable contributions from stalwarts like Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.
Sweden’s Brite Payments Raises $60 Million to Accelerate Instant Bank Payments Across Europe
- 1 year 10 months ago
- Fundraising News
Brite Payments, a leader in instant bank payments, today announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts.
Stitch Announces $25 million Series A Extension led by Ribbit Capital
- 1 year 10 months ago
- Fundraising News
Payments infrastructure company Stitch today announced a $25 million Series A extension, led by Ribbit Capital, bringing the total raised to $52 million. Stitch will use the funding to continue building its end-to-end payments solutions – designed to meet complex and evolving payments needs for global enterprise clients – and expand its reach to serve more markets.
Apron Raises £12M Million to Expand Business Payments Platform
- 1 year 10 months ago
- Fundraising News
Apron, the intuitive fintech platform that slashes the time small businesses spend processing invoices, has raised $15 million in Series A funding led by Index Ventures. The funding is a sign of the growing appetite for consumer-grade experiences in B2B software and of the commercial potential in addressing the under-served small and medium business (SMB) community.
Farther Announces Closing $31 Million Series B Led by Lightspeed Venture Partners, Boosting Valuation to $131 Million
- 1 year 10 months ago
- Fundraising News
Farther – the leading technology-centric wealth management firm – announced today the successful closure of its oversubscribed Series B, securing $31 million in investments for the round. This achievement has propelled the firm's valuation to $131 million, marking a 2.5x increase compared to its previous valuation – all within a span of approximately one year since the successful completion of its Series A funding round.
albo Secures $40 Million in Series C Investment Round, Paving the Way to Become Mexico's First Profitable Neobank
- 1 year 10 months ago
- Fundraising News
Mexican neobank, albo, has proudly announced its latest accomplishment of closing a growth funding round worth $40m. The recent infusion was spearheaded by United States-based Morpheus Ventures. The funding round also witnessed significant backing from former supporters like the US-based Valar Ventures and Mexico’s own Nazca Ventures. This fund collection serves as a landmark achievement in albo’s development.
PortX Secures $16.5 Million in Series B Funding With Investors Focused on Community Financial Institutions
- 1 year 10 months ago
- Fundraising News
PortX, a transformative leader in open banking and seamless core integration for community financial institutions, is excited to announce the successful closing of a $16.5 million Series B funding round.
Slope Announces $30M Round from USV and Sam Altman
- 1 year 10 months ago
- Fundraising News
Slope, a company focused on revolutionising the B2B payment landscape, has successfully announced its latest funding round. The recent funding round saw Slope raise $30m, with the lead investment from Union Square Ventures and significant backing from OpenAI’s Sam Altman.
Perenna Raises $52 Million in Latest Funding Round to Establish a New Financial Infrastructure in the UK
- 1 year 10 months ago
- Fundraising News
Perenna, a new bank with a mission to structurally change the UK mortgage market, has secured a further $52 million equity investment that will see the business roll-out its long-term fixed-rate mortgage products. The latest funding round is another significant milestone in the business’ launch following the recent approval of its UK banking licence.
Fintech Startup Bright Money Raises $62M Debt and Equity Funding
- 1 year 10 months ago
- Fundraising News
US-based consumer fintech start-up Bright Money has secured $62 million in a fresh round of funding, which consists of a mix of debt and equity. Encina Lender Finance provided the fintech with $50 million in debt funding, in addition to $12 million in equity funding led by Alpha Wave, Hummingbird and PeakXV.
Timeline raises £10 Million Series B Funding Round & Surpasses £3bn AUM
- 1 year 10 months ago
- Fundraising News
Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry. The company successfully raised £10m in its Series B funding round. The round was led by Blackfin Capital Partners, a private investment firm specialising in FinTech. Other notable participants included MTech Capital, board member of Peel Hunt, Darren Carter, and former CEO of Interactive Investor, Adam Seale.
Africa-focused Fintech Revio Secures $5.2 Million Seed Round
- 1 year 10 months ago
- Fundraising News
Revio, the payment orchestration platform helping merchants optimize their order to cash lifecycle, today announced a seed investment round of $5.2 million. The funding round was led by leading fintech fund QED Investors, joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC.
