Fundraising News

Revfin Secures $14M Led by Omidyar

10 months 3 weeks ago
Fundraising News

Revfin, a leading digital lending platform that finances electric vehicles, has raised $14m in a series B funding round. This significant injection of capital was led by Omidyar Network and was joined by the Asian Development Bank, Companion Capital Limited, a group of angel investors, and existing investors such as Green Frontier Capital and LC Nueva Investment Partners.

Fimple Completes Bridge Investment Tour, Securing a Total of $5.5 Million Investment

10 months 3 weeks ago
Fundraising News

Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list. Led by Apy Ventures, the tour saw participation from KT Portfolio, Tera Portfolio, and angel investors. This total investment of $5.5 million aims to strengthen Fimple’s position as a leader in the finance industry by supporting the... more

Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group

10 months 3 weeks 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 1 week 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

11 months 2 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.