Farther Announces Closing $31 Million Series B Led by Lightspeed Venture Partners, Boosting Valuation to $131 Million
- 1 year 1 month ago
- Fundraising News
Farther – the leading technology-centric wealth management firm – announced today the successful closure of its oversubscribed Series B, securing $31 million in investments for the round. This achievement has propelled the firm's valuation to $131 million, marking a 2.5x increase compared to its previous valuation – all within a span of approximately one year since the successful completion of its Series A funding round.
albo Secures $40 Million in Series C Investment Round, Paving the Way to Become Mexico's First Profitable Neobank
- 1 year 1 month ago
- Fundraising News
Mexican neobank, albo, has proudly announced its latest accomplishment of closing a growth funding round worth $40m. The recent infusion was spearheaded by United States-based Morpheus Ventures. The funding round also witnessed significant backing from former supporters like the US-based Valar Ventures and Mexico’s own Nazca Ventures. This fund collection serves as a landmark achievement in albo’s development.
PortX Secures $16.5 Million in Series B Funding With Investors Focused on Community Financial Institutions
- 1 year 1 month ago
- Fundraising News
PortX, a transformative leader in open banking and seamless core integration for community financial institutions, is excited to announce the successful closing of a $16.5 million Series B funding round.
Slope Announces $30M Round from USV and Sam Altman
- 1 year 1 month ago
- Fundraising News
Slope, a company focused on revolutionising the B2B payment landscape, has successfully announced its latest funding round. The recent funding round saw Slope raise $30m, with the lead investment from Union Square Ventures and significant backing from OpenAI’s Sam Altman.
Perenna Raises $52 Million in Latest Funding Round to Establish a New Financial Infrastructure in the UK
- 1 year 1 month ago
- Fundraising News
Perenna, a new bank with a mission to structurally change the UK mortgage market, has secured a further $52 million equity investment that will see the business roll-out its long-term fixed-rate mortgage products. The latest funding round is another significant milestone in the business’ launch following the recent approval of its UK banking licence.
Fintech Startup Bright Money Raises $62M Debt and Equity Funding
- 1 year 1 month ago
- Fundraising News
US-based consumer fintech start-up Bright Money has secured $62 million in a fresh round of funding, which consists of a mix of debt and equity. Encina Lender Finance provided the fintech with $50 million in debt funding, in addition to $12 million in equity funding led by Alpha Wave, Hummingbird and PeakXV.
Timeline raises £10 Million Series B Funding Round & Surpasses £3bn AUM
- 1 year 1 month ago
- Fundraising News
Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry. The company successfully raised £10m in its Series B funding round. The round was led by Blackfin Capital Partners, a private investment firm specialising in FinTech. Other notable participants included MTech Capital, board member of Peel Hunt, Darren Carter, and former CEO of Interactive Investor, Adam Seale.
Africa-focused Fintech Revio Secures $5.2 Million Seed Round
- 1 year 1 month ago
- Fundraising News
Revio, the payment orchestration platform helping merchants optimize their order to cash lifecycle, today announced a seed investment round of $5.2 million. The funding round was led by leading fintech fund QED Investors, joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC.
Vega Exits Stealth with Over $8 Million in Funding to Reshape Wealth Management
- 1 year 1 month ago
- Fundraising News
Vega, a UK-based wealthtech platform set up by a team of former executives from leading hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment from leading venture capital firms and angel investors.
Funding Societies Secures $27M in Debt Funding
- 1 year 1 month ago
- Fundraising News
Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced it has successfully raised debt of US$27 million led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and sustainability-focused fund Orange Bloom who also invested in this debt funding
Travelex Completes £90M Refinancing Deal to Fuel the Next Stage of Growth
- 1 year 1 month ago
- Fundraising News
Travelex, a market-leading global travel money services business, has completed a £90m refinancing deal that will underpin the next stage of its growth journey. The £90m facility has been provided on a five-year term. It will be used to repay the existing £50m term loan facility, redeem £12m of the New Money Notes and stapled equity, and provide funds for investment in the business.
Financial Wellbeing Startup Mintago Closes $4.75M Funding Round
- 1 year 1 month ago
- Fundraising News
Financial wellbeing startup Mintago has closed a $4.75 million funding round to further enhance its platform and accelerate its growth across the UK. Mintago, a Financial Conduct Authority (FCA)-regulated company, offers the UK’s most complete and inclusive financial wellbeing solution.
Dawn Capital Raises $700M to Invest in the Next Generation of European B2B Software Winners
- 1 year 1 month ago
- Fundraising News
Dawn Capital, Europe's leading specialist B2B software investor, today announces it has raised $700m to invest in the next generation of global software leaders. The fundraise includes the $620m flagship fund Dawn V, the largest dedicated early-stage B2B software fund ever raised in Europe. Dawn V will back European software innovators at Series A and B stage with initial investments of $10m to $40m, and provide capital for follow-on rounds.
LeapFrog Investment Extends bolttech’s Series B to Record-breaking US$246M
- 1 year 2 months ago
- Fundraising News
International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s US$50 million investment adds to bolttech’s recent Series B funding round, now totalling US$246 million, the largest ever Series B round for an insurtech.
Fleximize Receives £136 Million Financing for SME Lending Solutions
- 1 year 2 months ago
- Fundraising News
Multi-award-winning business lender Fleximize has secured £136 million in securitised funding from existing investor Goldman Sachs Asset Management and new lender Citi. Despite challenging market conditions, leading to other alternative lenders to withdraw from SME lending, Fleximize has emerged as a prominent player in the industry — recently named Best Business Loan Provider at the Business Moneyfacts Awards.
