wefox Secures $110M with $55M Credit Facility from J.P. Morgan and Barclays
- 1 year 6 months ago
- Fundraising News
wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint. The funding comes on the heels of wefox delivering a record first-quarter financial performance and signals the company’s clear path towards profitability.
Tipalti Secures $150 Million in Growth Financing from JPMorgan Chase Bank and Hercules Capital
- 1 year 6 months ago
- Fundraising News
Tipalti, the leading global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. Coming on the heels of a $270 million Series F in 2021 that brought the company’s total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.
Zip Raises $100 Million Series C at $1.5 Billion Valuation to Revolutionize Procurement
- 1 year 6 months ago
- Fundraising News
Zip, the world’s only intake-to-pay platform, today announced its $100 million Series C funding round at a $1.5 billion post-money valuation, with investment from Y Combinator, CRV and Tiger Global.
UK Talent-Tech Firm Targets Enterprise Growth with New Investment Round
- 1 year 6 months ago
- Fundraising News
Clu, a skills-based inclusive hiring platform, today announces an investment round of £1.2million to further progress its goal of becoming a major player within the Talent-Tech market, which is forecast to reach $30 billion by 20331.
UK Pension Startup Smart Raises $95M in Series E Funding
- 1 year 6 months ago
- Fundraising News
Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London.
African Fintech M-KOPA Raises $250M
- 1 year 6 months ago
- Fundraising News
M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth.
TerraPay Welcomes Visa as a Strategic Investor and Global Partner as Digital Cross-border Trade Accelerates
- 1 year 6 months ago
- Fundraising News
TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs.
Abhi Becomes MENAP’s First Fintech to Issue Islamic Bonds
- 1 year 6 months ago
- Fundraising News, Islamic Finance
ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is a significant milestone for both ABHI, and the region, as no other Fintech in the region has successfully achieved this before.
Credit Card FinTech Petal Secures $35M
- 1 year 6 months ago
- Fundraising News
Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $35 million in funding and spun off is B2B-focused subsidiary Prism Data.
8fig Raises $140M Series B Funding to Boost ECommerce Businesses
- 1 year 6 months ago
- Fundraising News
8fig has taken another leap forward in our mission to help a growing number of eCommerce sellers achieve sustainable growth despite a turbulent global economy, thanks to an immensely successful Series B funding round. We at 8fig are excited to announce that we secured $140 million in funding at the close of our Series B funding round in April 2023. 8fig’s total funding to date is now $196.5 million.
British Business Investments Commits a Further £30M to Apera Asset Management
- 1 year 6 months ago
- Fundraising News
British Business Investments today announces it has increased its commitment to private credit provider Apera Asset Management by £30m. The increase, which follows an earlier commitment of £50m, brings the total commitment from British Business Investments to £80m. The investment will be deployed through a Separate Managed Account (SMA), enabling British Business Investments to pursue a bespoke investment strategy and invest in UK companies only... more
Blackfinch Property Completes £2.3M Development Loan for Housing with a Sustainability Strategy in Worcestershire
- 1 year 6 months ago
- Fundraising News
Blackfinch Property, a rapidly growing agile lender to the UK property market, has provided £2.3m in funding to a special purpose vehicle (SPV) of Dunedin Homes for the development of seven new homes in Droitwich Spa, Worcestershire, each fitted with environmentally friendly features.
Marble Secures $4.2 Million Seed Plus, Helping Them Launch Latest Features
- 1 year 6 months ago
- Fundraising News
Marble, the free platform that makes it easy and rewarding to take control of all your insurance in one place, has officially announced their seed plus of $4.2 million in investment, alongside the launch of new features including Rate Watch, Automated Shopping, and A
Leading Pakistan BNPL Fintech - QistBazaar - Secures Pkr 500 Million Equity And Embedded Finance Partnership With Bank Alfalah
- 1 year 6 months ago
- Fundraising News
QistBazaar, a leading Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces a significant equity and Shariah-Compliant embedded finance partnership with Bank Alfalah - one of Pakistan’s largest commercial banks. The partnership is worth PKR 500 million (US$1.7m) , and includes Bank Alfalah taking a 7.2% equity stake in QistBazaar, as well as becoming the Company’s embedded lending partner.
Payments Startup Liquido Raises $26 Million Funding for Launch
- 1 year 6 months ago
- Fundraising News
Liquido, a next-generation payments company for Latin America has emerged from stealth and launched publicly with $26M from Index Ventures.
