Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group
- 9 months 1 week ago
- Fundraising News
Tameed Digital Lending Platform, which offers shariah-compliant Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) led by Alromaih Investments.
Digital Identity Company Yoti Receives £12.5 Million Funding from HSBC
- 9 months 3 weeks ago
- Fundraising News
Digital identity company Yoti has received £12.5 million in debt funding from HSBC, and a further £7.5 million in convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.
Updraft Secures £272M in Mix of Debt and Equity Funding
- 9 months 3 weeks ago
- Fundraising News
Updraft, a well-known consumer lending FinTech, has raised a substantial £272m. The financing comprises a £250m forward flow arrangement with Jefferies Financial Group and Santander Corporate and Investment Banking, along with senior financing from Santander CIB. Additionally, the company raised a further £22m in Mezzanine and equity investment led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
Tabby Secures $700M in Debt Financing from J.P. Morgan and Extends its Series D Round to $250M with Participation from Hassana Investment Company
- 9 months 3 weeks ago
- Fundraising News
Tabby, the MENA’s leading shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region.
Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals
- 9 months 3 weeks ago
- Fundraising News
The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
Vestwell Raises $125M Series D
- 9 months 3 weeks ago
- Fundraising News
Vestwell, the leading employer and individual savings platform, has raised its Series D round, totaling $125 million. The large preempted equity financing is a testament to the conviction these investors have in Vestwell’s trajectory and its future; the funding round also firmly establishes Vestwell as one of the biggest US funding success stories of 2023 in the fintech and SaaS sectors.
Hakbah Fintech Closes $5.1 Million Series A, Funding Round
- 9 months 3 weeks ago
- Fundraising News
Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraising. The funding round was led by VentureSouq - the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures; and existing investors Global Ventures and Aditum Investment Management Ltd.
SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
- 9 months 3 weeks ago
- Fundraising News
SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided by Citi with a portion from Fasanara, and the mezzanine capital is provided solely by Fasanara. Also, Fasanara is renewing its commitment to SetoersFi by continuing its support to SellerFi as a... more
Fiat Republic Raises $7 Million in Seed Extension
- 9 months 3 weeks ago
- Fundraising News
Fiat Republic, the specialist Banking-as-a-Service (BaaS) platform that bridges the gap between web3 and traditional banks, today announces it has raised $7 million in a seed extension round. Participants in the round include first-time investments from Kraken Ventures, Fabric Ventures, Arca, and Inovo Ventures, as well as existing investors Speedinvest, Credo Ventures, and Seedcamp.
OIF Ventures Backs Payble’s Growth with $3.5m Investment
- 9 months 3 weeks ago
- Fundraising News
Payble, a leading provider of payments workflow and customer engagement software, today announced it has closed a $3.5 million funding round led by OIF Ventures. The new funding will be used to continue to capitalize on strong demand for Payble’s citizen-centric payment solution in its beachhead segment of local government payments, as well as explore opportunities for global expansion.
Tamara Lands $1 Billion Valuation with $340m Series C Funding, led by SNB Capital and Sanabil Investments, Making it the First Saudi Fintech Unicorn Startup
- 9 months 3 weeks ago
- Fundraising News
Tamara, the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s first homegrown fintech unicorn by securing $340 million in a Series C equity funding round.
Cybersecurity Startup, Xeol, Raises $3.2M in Seed Round
- 9 months 4 weeks ago
- Fundraising News
Xeol, the New York City-based cybersecurity company, announced today that it raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating.
Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Launches Karak Blockchain Testnet, Opens Global HQ in Abu Dhabi
- 9 months 4 weeks ago
- Fundraising News
Andalusia Labs, a blockchain security solutions firm, has raised $48 million in a Series A funding round, achieving a valuation of $1 billion.
Kapital Raises $165 Million to Power AI driven Financial Platform for SMEs
- 9 months 4 weeks ago
- Fundraising News
Kapital a global bank and tech platform, announced today that it has closed an oversubscribed $40 million Series B equity financing round and $125 million debt raise. Tribe Capital led the Series B, with participation from Cervin Ventures, Tru Arrow, MS&AD Ventures, Alumni Ventures among others.
Pave Bank Launches with $5.2M Funding Round for Programmable Money Revolution
- 9 months 4 weeks ago
- Fundraising News
Banks have vastly evolved over the last 50 years but the underlying global financial system has remained largely the same; obscure and inefficient. The advent of regulated digital assets and programmable money, along with its adoption by central banks around the world offers a root and branch transformation of how value will move around the world.
