20/06 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
Berlin-based Fintech Upvest Secures $42M in Series B Financing Led by Bessemer Venture Partners
Berlin-based Fintech Upvest Secures $42M in Series B Financing Led by Bessemer Venture Partners
- 2 years 3 months ago
- Fundraising News
Today, Berlin-based infrastructure fintech Upvest announced the closing of a $42 million Series B financing round - one of the largest German fintech funding rounds in 2022. Bessemer Venture Partners is leading the Series B with Earlybird and ABN AMRO Ventures doubling down as previous investors and participating in Notion Capital, Partech, 10x Group, Speedinvest and Maximilian Tayenthal (N26).
Crypto Payments Company TripleA Secures $4M in Funding Led By Razer’s zVenture
- 2 years 3 months ago
- Fundraising News
Today TripleA, a Crypto Payments Company, announced that it secured $4 million in funding led by a leading global lifestyle brand for gamers, Razer’s corporate ventures arm, zVentures. TripleA is the first Crypto Payments Company that has earned the Digital Payment Token license from the Monetary Authority of Singapore (MAS).
Institutional Crypto & Digital Asset Management Platform Rooba Finance Raises $1.3 Million in Seed Round
- 2 years 3 months ago
- Fundraising News
Institutional Crypto & Digital Asset Management Platform Rooba Finance has raised $1.3 Million in a Seed round led by Inflection Point Ventures. It also saw participation from LetsVenture, Endurance Capital, KubeVC and Other prominent angel investors. The funds raised will be utilized towards Platform Development, setting up a licensed platform overseas and enabling a global GTM.
Digital Banking Vendor Narmi Raises $35M
- 2 years 3 months ago
- Fundraising News
Narmi, a leading provider of open digital banking technologies, today announced $35M in Series B funding co-led by Greycroft and existing investors NEA and Picus Capital. Narmi is one of the fastest-growing companies servicing financial institutions in the United States and plans to leverage the new capital to develop its digital banking solutions more broadly, partner with new financial institutions, and accelerate the digital modernization of... more
Shard Credit Partners Venture Debt Fund
- 2 years 3 months ago
- Fundraising News
Shard Credit Partners Limited announces the successful first close of its inaugural UK technology-focused venture debt fund, with £16.5 million in commitments from the UK and European institutional investors, alongside UK technology industry entrepreneurs. The fund will make investments in senior secured loans with equity warrants to venture capital-backed businesses in the B2B SaaS and Fintech sectors located throughout the UK.
Brazilian Payments Platform Destaxa Raises $3.1 Million Seed Round
- 2 years 3 months ago
- Fundraising News
Destaxa, a payments platform that operates as a two-sided marketplace for payment acquirers and offline merchants in Brazil, announced today it has raised a $3.1 million seed round.
Webio Secures $4M to Scale Conversational AI in the Collections and Payments Industry
- 2 years 3 months ago
- Fundraising News
Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, has today announced a series A funding round led by Finch Capital. Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through their Conversation AI.
Viva Capital Funding Completes $18.5 Million Investment Grade Notes Offering
- 2 years 3 months ago
- Fundraising News
Viva Capital Funding, LLC ("Viva"), a leading invoice factoring speciality finance company, announced today the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.
MFS Africa Announces the Extension of its Series C to US$200 Million
- 2 years 3 months ago
- Fundraising News
MFS Africa, Africa’s largest digital payments network, today announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension.
Allica Bank Secures £30M Tier 2 Capital Facility from British Business Investments
- 2 years 3 months ago
- Fundraising News
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a new £30m Tier 2 capital facility for a challenger bank, Allica Bank. Allica Bank has been lending to smaller businesses since March 2020, committing over £560m in loan offers in 2021 and is set to offer £1 billion to smaller businesses in 2022.
RegTech Clausematch Secures $10.8M Strategic Investment Round Led by Lytical Ventures, Flashpoint and Sony Innovation Fund
- 2 years 3 months ago
- Fundraising News
Clausematch, a global RegTech company automating policy management and compliance for regulated industries, today announced the close of a US$10.8M strategic funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund. The new financing will be used to increase the company’s commercial activities in the US and invest in its product, technology and data science teams. The new funds bring the total investment to date to... more
Fintech Swoop Lands £5.4 Million Funding for International Expansion
- 2 years 3 months ago
- Fundraising News
Swoop, the one-stop money shop for businesses has raised £5.4m in a Series A funding round to accelerate international expansion and help more companies to access an array of financing options. The funding announcement follows a surge in demand for SME financing, with revenues at Swoop forecasted to increase by 450% this year.
10/06 – Weekly Investment & Fundraising News
- 2 years 3 months ago
- Fundraising News
Engagement Banking Leader Backbase Raises €120M from Motive Partners
Micro MSME Fintech ARTH Raises $2.5 Million
- 2 years 3 months ago
- Fundraising News
ARTH, a micro MSME fintech, has raised $2.5 million in a funding round led by DEG, MIT alumni and US and Canadian angel investors. The fresh fund will be used to expand the suite of financial services being offered to ultimately be a single-point platform for micro MSMEs. It will also be used for strengthening the technical capabilities and building robust risk management systems to meet the scale requirements.
