Alloy Announces $52 Million in Additional Series C
- 2 years 4 months ago
- Fundraising News
Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation. Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.
Indian FinTech EarlySalary Closes on $110M for Expansion
- 2 years 4 months ago
- Fundraising News
Indian lending fintech EarlySalary has raised $110 million in a Series D funding round led by TPG’s The Rise Fund and Norwest Venture Partners. Founded in Pune in 2015, EarlySalary provides loans of up to Rs 5 lakhs (about $6300) to working professionals. The company has since expanded into the BNPL market, with a focus on education, health and consumer product financing.
Solid Raises $63 Million Series B Led By FTV Capital
- 2 years 4 months ago
- Fundraising News
Compliant Payment System Secures Seed Round Led by SFC Capital, Bringing Total Funding to £1.2M
- 2 years 4 months ago
- Fundraising News
Ryft, the revolutionary PSD2 compliant payments system, has raised a large seed round, led by SFC Capital, the UK’s most active seed-stage investor. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm. Ryft enables automated next-day payouts for marketplace businesses and their merchants, for a single flat fee per transaction.
Save Now Buy Later Fintech Tortoise Raises Funding from Swiggy and ZestMoney Founders
- 2 years 4 months ago
- Fundraising News
Fintech startup Tortoise, a platform that rewards consumers to save up for their purchases, has received an undisclosed amount of funding from Sriharsha Majety co-founder / CEO of Swiggy) and Lizzie Chapman, co-founder / CEO of Fintech ZestMoney in a mentors round.
Pezesha Raises Pre-series A of $11M to Grow its Embedded Finance Platform
- 2 years 4 months ago
- Fundraising News
Pan-African embedded finance Fintech Pezesha has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow into new markets within Sub Sahara Africa.
International Payments Addressing Platform iPiD Secures $3.3M in Seed Funding
- 2 years 4 months ago
- Fundraising News
Fintech start-up iPiD has announced a $3.3M seed funding round by strategic investors Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri. In addition, the company has announced the appointment of Alain Raes, a long-time payments industry expert and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.
Oxbury Bank – Britain’s First and Only AgTech Bank – Secures New Funding as it Continues Rapid Lending Growth
- 2 years 4 months ago
- Fundraising News
Oxbury Bank – the UK’s first and only AgTech bank – has secured £25m in Tier 2 capital funding, with the investment made by British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank.
Justhome Raises €3.3M to Help More People Become Homeowners
- 2 years 4 months ago
- Fundraising News
Justhome, the next-generation home financing startup, has raised €3.3 million in a pre-seed funding round led by Target Global. APX, the Berlin-based early-stage fund backed by Europe’s leading digital publishers Axel Springer and Porsche also participated in the round, alongside a number of industry-leading angel investors.
VRGL Announces $15M Series A Fundraising Round Led by MissionOG and FINTOP Capital
- 2 years 4 months ago
- Fundraising News
VRGL, Inc (“VRGL”), a provider of institutional-grade analytics and automated data extraction to the wealth management industry, today announced it has raised $15 million in a Series A round led by MissionOG and FINTOP Capital. Founding investors Sallyport Investments and
Singapore-Headquartered FinTech banco Raises US$6.7 Million in Series A Round
- 2 years 4 months ago
- Fundraising News
Singapore-headquartered, Financial Technology (FinTech) company, banco (RABC Group) today announced the successful raise of US$6.7M in Series A funding led by Japan-based leading financial group SBI Group, alongside investors Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others.
Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances
- 2 years 4 months ago
- Fundraising News
The Lightnet Group ("Lightnet") announced today it has secured a $50 million capital commitment from LDA Capital Ltd ("LDA") to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology. Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three years.
Nigeria’s Grey Raises $2M for Cross-border Payments
- 2 years 4 months ago
- Fundraising News
The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. In the latest development, Grey, a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding.
29/08 – Weekly Investment & Fundraising News
- 2 years 4 months ago
- Fundraising News
Capital on Tap Has Secured a £200M Funding Facility
Capital on Tap Has Secured a £200M Funding Facility
- 2 years 4 months ago
- Fundraising News
Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access to credit at a time when the UK is anticipating a recession and facing historic inflation rates.
