SME Lender iwoca Raises New £200 Million Funding Line After Reaching £2.5B in Finance Lent
- 1 year 1 month ago
- Fundraising News
iwoca, one of Europe’s largest SME lenders, today announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners.
Stash Financial Raises $40 Million
- 1 year 1 month ago
- Fundraising News
Stash, a fintech app focused on investing, recently secured $40 million through a convertible note, a form of short-term loan that can be converted into equity later. T. Rowe Price, an early and existing supporter of the company, led this funding round. CEO Liza Landsman explained that employing convertible notes allows Stash to extend its path to profitability without needing to establish a valuation, providing adaptability in the current... more
Instant Payment Fintech Lopay Secures £6M in Seed Round
- 1 year 1 month ago
- Fundraising News
FinTech start-up Lopay has secured £6m from a recent funding round as it looks to supercharge the instant payments market. Securing £6m in a keenly contested seed funding round, Lopay garnered investments from notable venture capital entities including BackedVC and Portage, alongside the Venture Collective and an ensemble of angel investors.
Neobank Zolve Secures $100M Debt Facility to Help Immigrants with Their Banking Needs
- 1 year 1 month ago
- Fundraising News
Zolve, an “international neo-banking company”, has reportedly successfully secured a debt facility of up to $100m. The financing came courtesy of Community Investment Management (CIM), according to a report from Business Standard.
Canopy Raises $15.2M to Fuel Growth Plans in 2024
- 1 year 1 month ago
- Fundraising News
Canopy, the trailblazing FinTech loan management platform, has successfully amassed $15.2m in its recent investment round.
Berlin-based TransactionLink Raises €5M Seed Round for KYC/KYB Automation
- 1 year 1 month ago
- Fundraising News
TransactionLink, the drag-and-drop builder saving onboarding teams time and money, has raised a €5m seed round to expand its KYB (know your business) product into new sectors and grow its co-headquarters in Berlin and London.
LUNA Raises Funds from TNB Aura and Seedstars to Become Indonesia’s Vertical SaaS platform for Retailers
- 1 year 1 month ago
- Fundraising News
LUNA, an Indonesian embedded fintech and vertical SaaS platform for retailers and MSMEs, today announced the completion of a round of financing led by TNB Aura through its TNBA Scout initiative, with participation from Seedstars as well as existing investors 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma.
Matic Raises $20M Series B Extension Up-Round With New Investors
- 1 year 1 month ago
- Fundraising News
Matic, a leading embedded insurtech platform, announced it raised $20 million as an extension to its Series B. The round includes $17 million in Series B equity co-led by IA Capital Group and Cultivation Capital with participation from existing investors and the majority led by new investors, including Intuit Ventures, TruStage Ventures, and Assurity Ventures. Concurrently, Matic upsized its credit facility by $3 million, bringing new liquidity... more
Upvest Partners with BlackRock to Make Investing More Accessible for Millions of Europeans and Closes a €30M Fundraising Round
- 1 year 1 month ago
- Fundraising News
Upvest, a Berlin-based fintech company providing the trading, settlement and custody infrastructure necessary for digital wealth management in one application programming interface (API), is partnering with BlackRock to make investing more accessible for millions of investors across Europe. Partnership to complement strengths
kennek Raises $12.5M to Revolutionise the Alternative Lending Space
- 1 year 1 month ago
- Fundraising News
kennek, the London-based fintech that offers an operating system for lenders, today announces a $12.5m Seed raise, led by HV Capital and supported by Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures and Syndicate One.
Indonesian Fintech Company Alami Provides Funding
- 1 year 1 month ago
- Fundraising News
Indonesia's Alami Group, a startup that offers Shariah-compliant peer-to-peer lending for small and medium-size enterprises. The firm, which counts online lender Alami and digibank Hijra Bank as subsidiaries, has secured an undisclosed amount of new funding in a round led by Intudo Ventures.
B2B Payments Fintech Getpaid Raises €5.7M in Seed Round
- 1 year 1 month ago
- Fundraising News
Getpaid, a European payments startup for marketplaces and platforms, has raised $6 million in a seed funding round led by Nordic investor Inventure with participation from Picus Capital as well as high-profile business angels from the payment and marketplace industry.
Indonesian Financial Technology Company Investree Secures $231M
- 1 year 1 month ago
- Fundraising News
Indonesia’s digital lending giant, Investree, is on the brink of clinching a significant series D funding, amassing up to €220m ($230.8m) via the establishment of a new joint venture based in Doha.
Rainforest Grows with $11.75M Seed Round Funding
- 1 year 1 month ago
- Fundraising News
Rainforest, a Payments-as-a-Service platform, has recently confirmed the successful completion of an $11.75m seed funding round. The round saw significant involvement from esteemed backers including Accel, who took the lead, as well as support from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and a host of strategic angel investors.
Clearco Raises $60M Series D Funding Led by Inovia Capital
- 1 year 1 month ago
- Fundraising News
Toronto-based fintech Clearco announced today the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include a $60M equity raise from existing investors and a new asset-backed financing facility, which provides up to $100M in financing capacity, and is expected to support $850M of Clearco originations over the next two years.
