UAE-Based Embedded SME Lending Startup CredibleX Raises US$55M in Seed Round
- 3 days 13 hours ago
- Fundraising News
CredibleX, UAE's Leading SME Lending Fintech, Provides Access to 100,000 SMEs for Financing and Disburses AED 100 Million During Launch CredibleX, a pioneering working capital finance platform for SMEs, is proud to announce that it has successfully disbursed AED 100 million in loans to small businesses across the UAE since the pilot launch of its platform eight months ago.
Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing
- 6 days 8 hours ago
- Fundraising News
As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider... more
SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI
- 6 days 9 hours ago
- Fundraising News
SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.
Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans
- 6 days 9 hours ago
- Fundraising News
Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.
TBC Bank Uzbekistan Secures $37M Equity Investment, Making 2024 a Record Year
- 6 days 15 hours ago
- Fundraising News
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.
X Financial Announces US$48.7 Million Share Repurchase from Major Shareholder
- 1 week 12 hours ago
- Fundraising News
X Financial, a leading online personal finance company in China, today announced that it has entered into a repurchase agreement with a major shareholder on December 16, 2024, pursuant to which the Company will repurchase 6,349,206 American depositary shares ("ADSs"), representing 38,095,236 Class A ordinary shares of the Company, at a price of US$7.67 per ADS with a total repurchase price of approximately US$48.7 million (the "Repurchase").
Bureau Raises $30M Series B as Global Fraud Losses Hit $486B
- 1 week 12 hours ago
- Fundraising News
AI isn’t just making fraud smarter – it's making it nearly impossible to catch.
Parafin Raises $100M Series C To Redefine Small Business Financial Services
- 1 week 1 day ago
- Fundraising News
Parafin, which builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. The financing was led by Notable Capital, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated in the round.
Databricks Is Raising $10B Series J Investment At $62B Valuation
- 1 week 1 day ago
- Fundraising News
Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management.
BVNK Secures $50M Series B To Accelerate Stablecoin Payments In The US, Backed By Haun Ventures And Coinbase Ventures
- 1 week 1 day ago
- Fundraising News
BVNK, the global leader in stablecoin payments infrastructure, today announced the successful closing of its $50 million Series B funding round, led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW VC and existing investors Avenir and Tiger Global. Diogo Mónica (General Partner) is leading the deal on behalf of Haun Ventures.
Volume Raises $6 Million To Drive Payment Fees To Zero, Challenge Dominance Of PayPal, Apple Pay, And Stripe
- 1 week 2 days ago
- Fundraising News
Volume, the payments fintech startup transforming online payments with account-to-account (A2A) technology, has raised $6 million in a round led by United Ventures, with participation from Fabrick, the open finance platform part of the Sella Group, and existing investors Firstminute Capital, SeedX and Haatch, who doubled down on their support.
Chargezoom Announces $11.5M Series A Led By Kickstart Fund
- 1 week 2 days ago
- Fundraising News
Chargezoom, a leading platform for AI-powered billing and integrated payments, announced today it has raised $11.5 million in Series A funding, led by Salt Lake City's Kickstart Fund. This funding marks Chargezoom's official arrival on the Utah tech scene, setting the stage for the company to scale rapidly and efficiently with the support of Silicon Slopes' top early-stage venture fund.
Nubank Announces Investment In Tyme Group, A Digital Bank With Operations In South Africa And The Philippines
- 1 week 2 days ago
- Fundraising News
Nubank, one of the world's largest digital financial services platforms, announces today an investment of US$150 million in Tyme Group as the lead of their series D funding round. The total investment round amounted to US$250 million, with M&G Catalyst Fund subscribing for US$50 million and existing shareholders with further US$50 million. Tyme Group is one of the fastest-growing digital banks globally, with 15 million customers and... more
FinCrime Dynamics Secures Seed Funding To Revolutionise Financial Crime Prevention With AI And Synthetic Data
- 1 week 3 days ago
- Fundraising News
FinCrime Dynamics Secures Seed Funding to Revolutionise Financial Crime Prevention with AI and Synthetic Data
Zest AI Announces $200 Million Growth Investment from Insight Partners
- 1 week 6 days ago
- Fundraising News
Zest AI, a leader in AI lending technology, announced a $200 million growth investment from global software investor Insight Partners to support the company's next phase of transformation. The growth capital will enable Zest AI to double down on its current product portfolio, continuing to advance fraud protection and generative AI – all to build the future of lending through AI.
