Akur8 Secures $120 Million in Series C Round to Accelerate Growth of Its Next-Generation Actuarial Platform
- 1 month 3 weeks ago
- Fundraising News
Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale-ups, with participation from Partners Group, one of the largest firms in the global private markets industry acting on behalf of its clients,... more
Helicap Closes Largest Credit Facility Yet with Xendit’s XenCapital: USD$50 Million to Empower Southeast Asian Businesses
- 1 month 3 weeks ago
- Fundraising News
Helicap, a leading fintech platform provider specializing in emerging markets, is proud to announce the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a fintech unicorn with operations across Southeast Asia and which has raised US$515million in venture capital funding.
Cashmere Secures $3.6 Million in Seed Funding to Revolutionize Client Acquisition for Wealth Management Firms
- 1 month 3 weeks ago
- Fundraising News
Cashmere, an AI-powered client acquisition platform for wealth management firms, has successfully completed a $3.6 million seed funding round. The investment will drive rapid product development and strategic hiring - including a newly-appointed Head of Machine Learning.
Huma Raises $38M to Hyper-Scale Its Payment Financing (PayFi) Network
- 1 month 3 weeks ago
- Fundraising News
Huma, the first Payment Financing (PayFi) network, announced today that it has raised $38 million in funding. Distributed Global led the equity round, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiye. Part of this raise came as investments into high-yield real world assets (RWA) assets on platform.
Paymob Extends Series B to USD $72 Million as It Maintains Profitable Growth in Its Core Market
- 1 month 4 weeks ago
- Fundraising News
Paymob, MENA’s leading financial services enabler, announces a $22 million Series B extension round - taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in... more
finally Raises $200M Series B with $50M Equity and $150M Credit Facility
- 1 month 4 weeks ago
- Fundraising News
The AI-powered, all-in-one finance and HR suite, finally, today announced that it has closed a $50M Series B from PeakSpan Capital and $150M credit facility from Encina. The new capital follows the company’s $95M Series A in 2022 and additional $10M capital injection in February of this year, bringing total funds to date to $305M. Since its Series A, finally has shown annual revenue growth of 300%.
Outward VC Raises £51M in First Close of Fund II to Help Early-Stage Founders Breakthrough
- 1 month 4 weeks ago
- Fundraising News
London-based investment firm Outward VC has announced the first closing at £51m of its Fund II. The fund has received a cornerstone investment of £30m from the British Business Bank, which is deploying capital through its Enterprise Capital Funds programme, which has a strong track record in backing emerging, UK-based Venture Capital fund managers. A wide range of private investors are also participating in the fund.
Form3 Successfully Completes $60M Series C Extension, with New Investment from British Patient Capital and Existing Shareholders
- 1 month 4 weeks ago
- Fundraising News
Form3, the cloud-native account-to-account platform, today announces a new investor, British Patient Capital. Alongside existing strategic and financial investors including Visa, Form3 has now raised a total of $60m in C-series extension funding to continue its growth journey. This funding will enable Form3 to develop new products and services to help support exponential growth in key markets such as the UK, Europe and the US.
Versana Closes $26 Million; Barclays Invests in Its Centralized, Real-Time Digital Data Platform
- 1 month 4 weeks ago
- Fundraising News
Versana today announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. In addition, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versana's next-... more
PastPay Secures €12 Million Series A, the Largest for a B2B BNPL in CEE to Accelerate Transactions Across Europe
- 1 month 4 weeks ago
- Fundraising News
PastPay, a provider of B2B payment solutions, has announced a €12 million Series A funding round led by Platina Capital in collaboration with several leading financial institutions and high-profile private investors. PastPay’s mission is to provide innovative B2B payment solutions, enabling flexible payment terms for business transactions.
YUP, the "Nubank" from Southeast Asia, Secured US$30 Million in Series B Funding
- 1 month 4 weeks ago
- Fundraising News
YUP, the credit payment platform established by Singaporean startup Finture, has successfully raised US$30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will support market expansion in Southeast Asia and preparation for acquiring a banking license in Indonesia.
Achieve Closes $263.3 Million, AAA-Rated Personal Loan Securitization
- 2 months 13 hours ago
- Fundraising News
Achieve, the leader in digital personal finance, announces the August 29 close of an offering of $236.35 million in rated notes backed by Achieve Personal Loans.
The Bank of London Raises GBP 42 Million in Over-Subscribed Funding Round
- 2 months 17 hours ago
- Fundraising News
The Bank of London, the UK’s newest clearing bank and one of only six established in the last 250 years, is pleased to announce that it raised £42 million during August in an over-subscribed funding round led by Mangrove Capital Partners. This announcement comes shortly after the appointment of Stephen Bell as Chief Executive Officer, and the increased funding will position the bank for its next phase of growth in its core UK market.
Drip Capital Secures $113M in New Funding to Accelerate Growth
- 2 months 3 days ago
- Fundraising News
Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) and $90 million in debt financing led by the International Finance Corporation (IFC) and East West Bank.
