Cascading AI Secures $3.9 Million in Pre-Seed Funding
- 9 months 2 weeks ago
- Fundraising News
Cascading AI, a cutting-edge fintech startup founded by alumni of Stanford University and Y Combinator, is thrilled to announce the successful completion of its $3.9 million pre-seed funding round to unlock $1 trillion in value of advanced AI for the global banking industry Casca, the flagship product of Cascading AI, is revolutionizing the lending landscape as the first AI-native Loan Origination System.
Traive Secures $20M in Venture Funding
- 9 months 2 weeks ago
- Fundraising News
Traive, a company operating at the intersection of agriculture and financial technology, has successfully secured a $20m investment, marking a significant milestone in its journey. The funding round was led by Banco do Brasil through the BB Impacto ASG I Fund, managed by Vox Capital.
MediConCen Secures Series A Funding to Drive Global Expansion
- 9 months 2 weeks ago
- Fundraising News
MediConCen Limited, an Insurtech company that automates insurance claims using AI and blockchain, announced that it has raised USD 6.85 million in its latest Series A round. HSBC Asset Management leads the new funding and has also received support from existing investors including G&M Capital, ParticleX, and new investor Wings Capital Ventures.
Navro (Formerly Paytrix) is Authorised by Central Bank of Ireland to Provide EU-Regulated, Global Payment Services and Has Secured $14M
- 9 months 2 weeks ago
- Fundraising News, Infrastructure
Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI). Under the terms of the licence, fast-growth businesses with international ambitions can benefit from Navro’s global payments curation services under the protection of European Union regulation.
Pennylane Raises 40 Million Euros in Series C
- 9 months 3 weeks ago
- Fundraising News
Pennylane raises €40M from Sequoia Capital and DST Global, reflecting very strong growth over the past two years. The company has multiplied by 40 the number of VSE-SMEs on its platform in 24 months thanks to the adoption of the tool by more than 2,000 accounting firms who have brought their clients on board.
ID Finance Secures $150 Million Structured Financing led by i80 Group
- 9 months 3 weeks ago
- Fundraising News
ID Finance, a leading fintech in Spain and Mexico, has closed a financing of 150 million dollars with i80 Group, this being the largest financing round in the history of the Group. The capital obtained will be used to accelerate the expansion of Plazo, ID Finance's financial well-being app and the cornerstone of its strategic vision.
Artificial Labs Raises £8M Series A+ Round to Drive Growth and Continue Rapid Expansion
- 9 months 3 weeks ago
- Fundraising News
Artificial Labs, the leading algorithmic underwriting insurtech, is delighted to announce the completion of an £8M Series A+ funding round. The investment was led by Europe’s premier publicly listed fintech fund, Augmentum Fintech, with participation from existing investors MS&AD Ventures and FOMCAP IV.
docStribute Secures £820k in Pre-Series A Funding
- 9 months 3 weeks ago
- Fundraising News
London-based RegTech company, docStribute, today announces the successful completion of a pre-Series A funding round, securing £820,000 in investment from financial service angels.
Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions
- 9 months 3 weeks ago
- Fundraising News
Rain, the financial wellness platform that helps companies give employees greater control over their finances, announced today it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding, Rain now has more capital to service its growing customer base, allowing it to provide employees an easy way to access their earned wages in real-time, driving increased retention, job... more
Tuum Raises EUR25M Series B Financing, led by CommerzVentures, to Fund Product and Market Development
- 9 months 3 weeks ago
- Fundraising News
Tuum, the leading next-generation core banking provider, today announces that it has raised EUR25m, in a series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors.
Kin Announces $15M in Fresh Financing from New Investor Activate Capital
- 9 months 3 weeks ago
- Fundraising News
Kin, the pioneering digital, direct-to-consumer home insurance company, today announced the closing of $15 million in financing from new investor
Lendbuzz Completes $219 Million Asset-Backed Securitization
- 9 months 3 weeks ago
- Fundraising News
Lendbuzz Inc, the AI-based fintech company that is disrupting the automotive lending industry, announced today that it has closed a $219 million securitization collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans.
Modern Benefits Leader, Benepass, Secures $20M in Funding
- 9 months 3 weeks ago
- Fundraising News
Benepass, a flexible benefits platform for people-first companies, announced today that the company has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also participated in the funding round.
Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management
- 9 months 3 weeks ago
- Fundraising News
Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use, and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer demand for the company’s market-dominant Buy Now, Pay Later (BNPL) solution and the next-gen, no-fee Sunbit... more
