Endowus Grows Wealthtech Leadership in Asia with New US$35M Fundraise

• 1 year 2 months ago
• Fundraising News

Endowus, Asia’s leading digital wealth platform has raised US$35 million in its latest funding round. New investors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s wealthiest families with various operating businesses spanning banking to real estate across Singapore, Southeast Asia, and Greater China including Hong Kong.

Resilience Raises $100M Series D Round, Led by Intact Ventures

• 1 year 2 months ago
• Fundraising News

Resilience today announced a $100M equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched earlier this year. The Series D round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, Intact Insurance’s underwriting companies, with participation by Lightspeed Venture Partners, as well as General Catalyst and Founders... more

World’s First Islamic Fintech Focused on Giving Access to Global Private Funds, Completes its Pre-seed Funding Round

• 1 year 2 months ago
• Fundraising News

Digital investment platform Mnaara has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore. The round will enable Mnaara to grow its team and continue developing its Shariah-compliant investment solutions catering to the globally underserved mass-affluent market.

SumUp Secures New US$100 Million Credit Facility from Victory Park Capital to Accelerate its Merchant Cash Advance Product

• 1 year 2 months ago
• Fundraising News

Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future. 

Chargeflow Announces Funding from OpenView, Bringing the Total Raised to $14M

• 1 year 2 months ago
• Fundraising News

Chargeflow’s mission has always been to simplify and increase profitability for online merchants, retailers, and companies processing online payments. Our ethos has been that businesses should focus on serving their customers, building better products and providing better experiences. We don’t think preventing fraud, fighting chargebacks and dealing with time-consuming and profit-diminishing regulations should be one of the focus points for... more

Micro Connect Completes US$458M Series C Funding

• 1 year 2 months ago
• Fundraising News

Micro Connect announced it has completed a capital raise of US$458 million in its Series C funding round, with broad-based participation from a diverse group of new and existing investors from Europe, North America, the Middle East, and Greater China, including leading long-only investment managers, private equity and venture funds, university endowments, internet platforms, and consumer retail groups.

Singapore Accounts for Over 50% of All Fintech Investment in SEA

• 1 year 2 months ago
• Fundraising News

Petal Secures New $200 Million Debt Facility

• 1 year 2 months ago
• Fundraising News

Credit card and financial technology company Petal announced today that it has closed a committed $200 million debt facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.

Knot Closes $10M Series A Led by Nava Ventures

• 1 year 2 months ago
• Fundraising News

Knot, the platform that enables card issuers to automatically switch saved payment methods at the request of their users, announced today a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. The funding will be used to scale Knot’s services and accelerate the expansion of its merchant support.

Pockit Announces New Funding Round

• 1 year 2 months ago
• Fundraising News

Pockit has raised $10 million in a growth round from some new partners, Puma Private Equity, and The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional Development Fund.

Insurtech Startup Functional Finance Raises $8 Million in Seed Round

• 1 year 2 months ago
• Fundraising News

Functional Finance, a software platform that integrates and automates data and reporting functions for insurance companies, announced today that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments, which will go towards product development and client relationships. The fundraising round was led by venture capital and growth equity firms New Enterprise Associates, Inc.

Orbital Raises £5M to Help Enterprises Realise the Potential of Blockchain Payments

• 1 year 2 months ago
• Fundraising News

Orbital, the London-based traditional finance and crypto solutions platform for global enterprises, has raised £5M ($6.4M) in an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority. 

Converge Insurance Raises $15 Million in Series A

• 1 year 2 months ago
• Fundraising News

Converge Insurance, pioneers in advanced cyber risk management and underwriting, announced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined the company’s Board of Directors as part of the financing.

HSBC Announces Plans for New Joint Venture with Tradeshift

• 1 year 2 months ago
• Fundraising News

HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps. 

FinTech Startup Finda Raises $37M in Series C

• 1 year 2 months ago
• Fundraising News

South Korean FinTech Finda, which operates as a prominent loan comparison platform in the nation, has successfully closed a $37m Series C funding round. Finda has secured $37m in this funding round, with significant investment coming from JB Financial Group and 500 Global, according to a report from FinTech Futures.