AbbeyCross Raises US$6.5M in Seed Funding Round Led by Valar Ventures
- 3 months 2 weeks ago
- Fundraising News
AbbeyCross, the world’s first wholesale FX platform focused on improving the payment market infrastructure for Emerging Market currencies, announced today that it has raised US$6.5M in its seed funding round. The raise follows significant and growing interest in the company’s proposition from major financial services institutions globally.
Fintech ZILO™ Announces £25 Million Series A Fundraising Round
- 3 months 2 weeks ago
- Fundraising News
ZILO™, the UK-based FinTech specializing in global asset and wealth management software, is pleased to announce a £25 million Series A funding round. The fundraiser, which was oversubscribed, was co-led by Fidelity International Strategic Ventures (FISV) and Portage, with participation from State Street and Citi signalling strong confidence in ZILO™’s vision and commitment to becoming the leading financial services software innovation company.
Maalexi – Pioneering UAE Agri Trade Fintech – Raises $3M in Pre-Series A
- 3 months 2 weeks ago
- Fundraising News
Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The funding round was led exclusively by Global Ventures - MENA’s leading venture capital firm - which joins existing venture capital investors Rockstart (Amsterdam) and Ankurit Capital (New Delhi).
Solva Raises $20M from the Sawiris family and ZCP
- 3 months 2 weeks ago
- Fundraising News
Solva, a FinTech providing working capital solutions, has announced that it has raised a $20 million investment backed by the Sawiris family and ZCP. The capital injection will allow Solva to further scale our digital financial products for millions of micro, small, and medium enterprises and boost job creation in Central Asia.
Bumper Completes $48 Million Funding Round to Drive Growth in Flexible Automotive Payments Across Europe
- 3 months 2 weeks ago
- Fundraising News
Bumper, the fintech enabling flexible payments for car repairs, has announced the completion of a $48 million / €46 million / £40 million Series B fundraising to accelerate its growth.
Revfin Secures $14M Led by Omidyar
- 3 months 2 weeks ago
- Fundraising News
Revfin, a leading digital lending platform that finances electric vehicles, has raised $14m in a series B funding round. This significant injection of capital was led by Omidyar Network and was joined by the Asian Development Bank, Companion Capital Limited, a group of angel investors, and existing investors such as Green Frontier Capital and LC Nueva Investment Partners.
Fimple Completes Bridge Investment Tour, Securing a Total of $5.5 Million Investment
- 3 months 3 weeks ago
- Fundraising News
Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list. Led by Apy Ventures, the tour saw participation from KT Portfolio, Tera Portfolio, and angel investors. This total investment of $5.5 million aims to strengthen Fimple’s position as a leader in the finance industry by supporting the... more
Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group
- 3 months 3 weeks ago
- Fundraising News
Tameed Digital Lending Platform, which offers shariah-compliant Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) led by Alromaih Investments.
Digital Identity Company Yoti Receives £12.5 Million Funding from HSBC
- 4 months 2 days ago
- Fundraising News
Digital identity company Yoti has received £12.5 million in debt funding from HSBC, and a further £7.5 million in convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.
Updraft Secures £272M in Mix of Debt and Equity Funding
- 4 months 2 days ago
- Fundraising News
Updraft, a well-known consumer lending FinTech, has raised a substantial £272m. The financing comprises a £250m forward flow arrangement with Jefferies Financial Group and Santander Corporate and Investment Banking, along with senior financing from Santander CIB. Additionally, the company raised a further £22m in Mezzanine and equity investment led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
Tabby Secures $700M in Debt Financing from J.P. Morgan and Extends its Series D Round to $250M with Participation from Hassana Investment Company
- 4 months 3 days ago
- Fundraising News
Tabby, the MENA’s leading shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region.
Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals
- 4 months 3 days ago
- Fundraising News
The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
Vestwell Raises $125M Series D
- 4 months 3 days ago
- Fundraising News
Vestwell, the leading employer and individual savings platform, has raised its Series D round, totaling $125 million. The large preempted equity financing is a testament to the conviction these investors have in Vestwell’s trajectory and its future; the funding round also firmly establishes Vestwell as one of the biggest US funding success stories of 2023 in the fintech and SaaS sectors.
Hakbah Fintech Closes $5.1 Million Series A, Funding Round
- 4 months 4 days ago
- Fundraising News
Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraising. The funding round was led by VentureSouq - the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures; and existing investors Global Ventures and Aditum Investment Management Ltd.
SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
- 4 months 5 days ago
- Fundraising News
SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided by Citi with a portion from Fasanara, and the mezzanine capital is provided solely by Fasanara. Also, Fasanara is renewing its commitment to SetoersFi by continuing its support to SellerFi as a... more
