Dubai-based Startup, Wafeq, Raises $3M
- 1 year 10 months ago
- Fundraising News
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.
Reimbursement and Spend Management Platform PayEm Secures $220M in Equity and Debt
- 1 year 10 months ago
- Fundraising News
PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing. The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others. With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.
B2B Buy Now Pay Later Platform, Tranch, Raises $100 Million Seed Round
- 1 year 10 months ago
- Fundraising News
TRANCH, a buy now pay later (BNPL) platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding to bring payment flexibility to a wider pool of B2B customers.
Twinco Capital Raises $12 Million Led by Quona Capital to Expand its Next-gen Supply Chain Finance Platform
- 1 year 10 months ago
- Fundraising News
Twinco Capital, the first global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, announced today it has closed a $12 million equity and debt round.
Sanctions Screening Fintech GSS Raises £37M in First Funding Round as Former Vice Chair of Fed Joins Board
- 1 year 10 months ago
- Fundraising News
RegTech innovator Global Screening Services (GSS) today announced the completion of a successful initial funding round, having raised over $45m / c.£37m from major investors, including AlixPartners, The Cynosure Group, and MUFG. Randal Quarles, chairman and co-founder of The Cynosure Group, and former Vice Chairman of the Federal Reserve System and Chairman of the Financial Stability Board, has joined the GSS board.
PhonePe Raises Growth Funds at a $12 Billion Valuation, Led by General Atlantic
- 1 year 10 months ago
- Fundraising News
PhonePe, one of India’s largest fintech platforms, today announced it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. The General Atlantic investment marks the first tranche of an up to $1 billion total fundraise that PhonePe has commenced in January 2023. Another new marque global and Indian investors have already been signed up for the second tranche, which... more
Pilon Raises $5.2 Million in Seed Round
- 1 year 10 months ago
- Fundraising News
Pilon, a Singapore-headquartered FinTech firm that offers a cloud-based Supply Chain Financing system, announced today that it has successfully raised a seed round of USD 5.2 million (both debt and equity). Wavemaker Partners led this round, with participation from Octava Pte Ltd and Polaris Kin Pte Ltd.
Core10 Secures $6.5 Million in Series B Funding Round
- 1 year 10 months ago
- Fundraising News
Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services, today announced the close of a $6.5 million Series B funding round to support the expansion of its Accrue platform and banking integration services.
nsKnox Raises $17M for its Bank Account Verification Services
- 1 year 10 months ago
- Fundraising News
nsKnox, which offers bank account verification and B2B payment security, has scored $17m in its latest batch of funding. First-time nsKnox backers Link Ventures and Harel Insurance & Finance took a significant part in the round. Existing nsKnox investors M12, Viola Ventures, and Alon Cohen, nsKnox’s founder and CEO, also joined the round.
Ascendant Announces New Strategic Business Investment from Battery Ventures
- 1 year 10 months ago
- Fundraising News
Ascendant, an international provider of cross-border business payment solutions and a financial technology company, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to make a significant investment in the company.
Obligate (formerly FQX) Announces Seed Extension Round with Blockchange Ventures, Circle Ventures, SIX Fintech Ventures and Earlybird to Advance Regulated DeFi
- 1 year 10 months ago
- Fundraising News
Obligate, formerly known as FQX, announced it has successfully closed a seed extension funding round, allowing them to scale their blockchain-based platform for bonds and commercial paper. Blockchange Ventures and Circle Ventures join initial seed co-investors Earlybird and SIX Fintech Ventures – bringing the total seed raise to more than $8.5 million.
Anyfin Raises $30 Million in Series C
- 1 year 10 months ago
- Fundraising News
Anyfin, a Swedish startup that offers to refinance consumer loans and credit card debt using a combination of artificial intelligence and a photo of the current statement and repayment terms, has bagged $30 million in a Series C round led by existing investor Northzone.
Cybersecurity Startup Blackpanda Raises US$15M
- 1 year 10 months ago
- Fundraising News
Singapore-based cybersecurity company Blackpanda has raised $15m for its Series A, which was co-led by Primavera Venture Partners and Gaw Capital Partners. With the capital, Blackpanda plans to expand its technology-enabled cybersecurity services, including digital forensics and incident response. The CyberTech will also continue the development of its AI and machine learning cybersecurity InsurTech platform.
Singapore VC Blockchain Founders Raises $75M for New Fund
- 1 year 10 months ago
- Fundraising News
Blockchain Founders Fund, announced the principal close of BFF II. The $75m fund saw participation from notable investors from across the blockchain and crypto industry as well as many reputable family offices from around the world.
Danish Neobank Raises EUR 12 Million to Expand Business Lending and Platform Development
- 1 year 10 months ago
- Fundraising News
kompasbank, the youngest bank in Denmark, raised EUR 12 million in new funding. The SME focused neobank has now raised more than EUR 40 million in capital since receiving the banking licence from the Danish FSA in March 2021.
