SumUp Secures New US$100 Million Credit Facility from Victory Park Capital to Accelerate its Merchant Cash Advance Product
- 2 years 3 months ago
- Fundraising News
Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future.
Chargeflow Announces Funding from OpenView, Bringing the Total Raised to $14M
- 2 years 3 months ago
- Fundraising News
Chargeflow’s mission has always been to simplify and increase profitability for online merchants, retailers, and companies processing online payments. Our ethos has been that businesses should focus on serving their customers, building better products and providing better experiences. We don’t think preventing fraud, fighting chargebacks and dealing with time-consuming and profit-diminishing regulations should be one of the focus points for... more
Micro Connect Completes US$458M Series C Funding
- 2 years 3 months ago
- Fundraising News
Micro Connect announced it has completed a capital raise of US$458 million in its Series C funding round, with broad-based participation from a diverse group of new and existing investors from Europe, North America, the Middle East, and Greater China, including leading long-only investment managers, private equity and venture funds, university endowments, internet platforms, and consumer retail groups.
Singapore Accounts for Over 50% of All Fintech Investment in SEA
- 2 years 3 months ago
- Fundraising News
Petal Secures New $200 Million Debt Facility
- 2 years 3 months ago
- Fundraising News
Credit card and financial technology company Petal announced today that it has closed a committed $200 million debt facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.
Knot Closes $10M Series A Led by Nava Ventures
- 2 years 3 months ago
- Fundraising News
Knot, the platform that enables card issuers to automatically switch saved payment methods at the request of their users, announced today a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. The funding will be used to scale Knot’s services and accelerate the expansion of its merchant support.
Pockit Announces New Funding Round
- 2 years 3 months ago
- Fundraising News
Pockit has raised $10 million in a growth round from some new partners, Puma Private Equity, and The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional Development Fund.
Insurtech Startup Functional Finance Raises $8 Million in Seed Round
- 2 years 3 months ago
- Fundraising News
Functional Finance, a software platform that integrates and automates data and reporting functions for insurance companies, announced today that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments, which will go towards product development and client relationships. The fundraising round was led by venture capital and growth equity firms New Enterprise Associates, Inc.
Orbital Raises £5M to Help Enterprises Realise the Potential of Blockchain Payments
- 2 years 3 months ago
- Fundraising News
Orbital, the London-based traditional finance and crypto solutions platform for global enterprises, has raised £5M ($6.4M) in an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority.
Converge Insurance Raises $15 Million in Series A
- 2 years 3 months ago
- Fundraising News
Converge Insurance, pioneers in advanced cyber risk management and underwriting, announced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined the company’s Board of Directors as part of the financing.
HSBC Announces Plans for New Joint Venture with Tradeshift
- 2 years 3 months ago
- Fundraising News
HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.
FinTech Startup Finda Raises $37M in Series C
- 2 years 3 months ago
- Fundraising News
South Korean FinTech Finda, which operates as a prominent loan comparison platform in the nation, has successfully closed a $37m Series C funding round. Finda has secured $37m in this funding round, with significant investment coming from JB Financial Group and 500 Global, according to a report from FinTech Futures.
Archangels Secures £12M Co-investment Agreement with British Business Investments
- 2 years 3 months ago
- Fundraising News
Archangels, a leading business angel syndicate investing in early-stage Scottish life sciences and technology companies, is bolstering its funding firepower after securing a £12m co-investment agreement with British Business Investments via its Regional Angels Programme. The deal will provide the Edinburgh-based syndicate with additional capital to fuel the success of Scotland’s next generation of entrepreneurs and innovators.
Mercury Financial Has Closed a $200 Million Debt Facility to Drive Growth of its Credit Card Business for the Middle-Class
- 2 years 4 months ago
- Fundraising News
Mercury® Financial (“Mercury”) today announced the closing of a $200 million debt facility from client funds managed by Neuberger Berman. Mercury will use the funds to expand its credit card business and continue its mission of providing middle-class Americans responsible financial products to improve their lives.
GlossGenius Secures $28M in Series C Funding from L Catterton
- 2 years 4 months ago
- Fundraising News
GlossGenius, a platform designed to handle bookings and payments for salons and spas, today announced that it raised $28 million in a Series C funding round led by L Catterton with participation from Bessemer Venture Partners and Imaginary Ventures.
