Outward VC Raises £51M in First Close of Fund II to Help Early-Stage Founders Breakthrough
- 2 months 2 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.
Versana Closes $26 Million; Barclays Invests in Its Centralized, Real-Time Digital Data Platform
- 2 months 2 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
- 2 months 2 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
- 2 months 2 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 2 weeks 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 2 weeks 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 weeks 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.
kompasbank Raises EUR 5.5 Million
- 2 months 3 weeks ago
- Fundraising News
Investors continue supporting kompasbank’s growth journey, contributing an additional EUR 5.5 million to the digital business bank. This capital injection aims to accelerate the growth of the Danish bank’s lending portfolio and the expansion of its products and services to become a full-service bank.
Sedric AI Raises $18.5 Million Series A to Empower Financial Institutions with an AI-Based Compliance Platform
- 2 months 3 weeks ago
- Fundraising News
Sedric AI, (“Sedric”), the pioneering compliance-dedicated AI platform for financial institutions, today announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation from Amex Ventures and existing investors including StageOne Ventures and The Garage, brings the total amount raised by the... more
Approveit Receives $1 Million Investment to Further Its Goal
- 2 months 3 weeks ago
- Fundraising News
Approveit, an operations and automation platform for businesses, is thrilled to announce the successful completion of a $1M deal with technology investors, including 10vc, Verras Capital, Telegraph Hills Capital and many others partners and angel investors. The platform seamlessly integrates the company's existing messengers and task managers for transparency and control over finances, auditing, reporting and other business processes, reducing... more
PayPal Ventures Leads Ume’s $15 Million Series A Funding Round
- 2 months 3 weeks ago
- Fundraising News
Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, today announced it has raised $ 15 million in Series A equity funding. The round was led by PayPal Ventures, with participation from NFX, Globo Ventures, Clocktower Ventures, Big Bets, FJ Labs, Endeavor and Norte Ventures. Ume has also raised a USD $20 million FIDC debt facility from Verde, Wersten Asset, Itaú, Credit Saison and Milenio.
Omnisient Secures $7.5 Million Investment from Arise
- 2 months 3 weeks ago
- Fundraising News
South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion.
Validus Secures Up to US$50M Facility From HSBC to Strengthen Digital Lending for MSMEs in Indonesia
- 2 months 3 weeks ago
- Fundraising News
Validus, a leading digital SME lending platform headquartered in Singapore, today announced the establishment of a debt facility of up to US$50 million from HSBC under the ASEAN Growth Fund strategy and is aimed to support financial inclusion for micro, small and medium enterprises (MSMEs) in Indonesia, addressing their challenges in accessing financial resources.
Propel Celebrates 10 Years with New Funding and Innovations to Enhance Safety Net Navigation
- 2 months 4 weeks ago
- Fundraising News
Propel, a leading tech company for low-income Americans, celebrates its 10th anniversary with new initiatives funded by a $3.5 million grant from the Bill & Melinda Gates Foundation. This funding will support Propel's development of AI-powered tools to enhance safety net navigation.
TBC Bank Uzbekistan Secures $25 million from Swiss Impact Investor BlueOrchard
- 2 months 4 weeks ago
- Fundraising News
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured $25 million in debt financing from a private debt fund managed by Switzerland-based impact investor BlueOrchard Finance Ltd (BlueOrchard).
