Lulalend, the South Africa-based Digital Lender Catering to Underserved SMEs, Secures $35 Million in a Lightrock-led Series B
- 1 year 10 months ago
- Fundraising News
Lulalend, the South Africa-based digital lender catering to underserved small and medium-sized enterprises (SMEs), has finalised a transformational $35 million (R600 million) Series B funding round. Lulalend will use the capital to scale its business and address South Africa’s enduring SME credit gap, which is estimated to be valued at more than $20 billion per year, according to the International Finance Corporation.
Stubben Edge Group Secures Further £5.6M Growth Capital at £175M Pre-money Valuation
- 1 year 10 months ago
- Fundraising News
UK-based FinTech Stubben Edge Group (the Company) has today announced that it has secured a further £5.6m in investment. Once again, the round was oversubscribed and very well received by both existing and new shareholders, giving the Company a pre-money valuation of £175m and representing a 75% uplift on the previous fundraise. It further demonstrates investors’ confidence in the Group which enjoyed topline revenue growth of over 400% in 2022... more
Coverflex Raises €15 Million and Launches its Compensation OS in Italy, as it Takes Next Step in European Expansion
- 1 year 10 months ago
- Fundraising News
Coverflex, the flexible compensation solution that allows companies to reduce costs and maximises their people’s earning potential, is announcing a Series A €15 million led by SCOR Ventures.
Liberis, the Embedded Finance Provider for SMEs, Raises Additional €30M in Debt Financing from Silicon Valley Bank UK to Expand into Germany, Poland, and Beyond
- 1 year 10 months ago
- Fundraising News
Liberis, a leading global embedded business finance platform, today announced that it has secured additional financing from Silicon Valley Bank UK to grow its European business.
FINBOURNE Partners with Kreos Capital, Securing a £30 Million Debt Facility to Fuel Future Growth Plans
- 1 year 10 months ago
- Fundraising News
FINBOURNE Technology today announces its partnership with market-leading debt provider, Kreos Capital, to secure up to a £30 million debt facility. The funding forms an extension to FINBOURNE’s Series A round (April 2021).
Strata Secures $26M Series B Financing
- 1 year 10 months ago
- Fundraising News
“We’re announcing our Series B financing of more than $26M to support Strata Identity’s rapid growth and to keep pace with the rapidly emerging next generation of identity for multi-cloud.” Eric Olden, CEO and Co-Founder at Strata Identity
Hawk AI Accelerates Global Expansion with $17 Million Series B
- 1 year 10 months ago
- Fundraising News
Hawk AI, Germany’s leading provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion. The funding round was led by Sands Capital from Washington D.C., with participation from new and existing investors, including DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital.
Invoice Finance Provider Accelerated Payments Hits €1 Billion Funding Milestone
- 1 year 10 months ago
- Fundraising News
Business funding provider Accelerated Payments today announced it has advanced in excess of €1 billion worth of invoice financing on its fifth anniversary. The milestone comes as the fast growing fintech doubles its work force and extends its global reach, with offices in Europe, the UK, Canada and the USA.
Regtech Salv Raises €4M to Fuel the European and UK Expansion of its Real-time Collaborative Crime-fighting Platform
- 1 year 10 months ago
- Fundraising News
Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension led by ffVC, with German G+D Ventures and existing investors also participating. The funds will allow Salv to further develop its modular regtech technology and support geographical expansion to new territories, including Poland. Salv’s collaborative crime-fighting technology
DailyPay Announces $260 Million in New Funding
- 1 year 10 months ago
- Fundraising News
DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.
Dubai-based Startup, Wafeq, Raises $3M
- 1 year 10 months ago
- Fundraising News
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.
Reimbursement and Spend Management Platform PayEm Secures $220M in Equity and Debt
- 1 year 10 months ago
- Fundraising News
PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing. The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others. With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.
B2B Buy Now Pay Later Platform, Tranch, Raises $100 Million Seed Round
- 1 year 10 months ago
- Fundraising News
TRANCH, a buy now pay later (BNPL) platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding to bring payment flexibility to a wider pool of B2B customers.
Twinco Capital Raises $12 Million Led by Quona Capital to Expand its Next-gen Supply Chain Finance Platform
- 1 year 10 months ago
- Fundraising News
Twinco Capital, the first global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, announced today it has closed a $12 million equity and debt round.
Sanctions Screening Fintech GSS Raises £37M in First Funding Round as Former Vice Chair of Fed Joins Board
- 1 year 10 months ago
- Fundraising News
RegTech innovator Global Screening Services (GSS) today announced the completion of a successful initial funding round, having raised over $45m / c.£37m from major investors, including AlixPartners, The Cynosure Group, and MUFG. Randal Quarles, chairman and co-founder of The Cynosure Group, and former Vice Chairman of the Federal Reserve System and Chairman of the Financial Stability Board, has joined the GSS board.
