Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy
- 3 months 2 weeks ago
- Fundraising News
Street Wallet, a South African fintech empowering informal traders and service providers with accessible, low-cost digital payment solutions, has successfully raised US$350,000 (R6.2 million) in a funding round that values the business at US$2 million (R35.5 million). The fresh capital will be leveraged to deepen market penetration, fuel higher sales growth, and expand the company’s footprint across South Africa.
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining
- 3 months 2 weeks ago
- Fundraising News
Block, Inc. today unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific's facility in Dalton, GA, where Proto Rigs are mining as part of their fleet, represents a significant step toward decentralizing bitcoin mining hardware, opening access to more builders, and increasing network... more
Cache Raises $12.5M Series A to Expand Tax-Efficient Diversification Platform
- 3 months 2 weeks ago
- Fundraising News
The wealth management industry has long reserved its most sophisticated tools for the ultra-wealthy. For the growing number of investors with concentrated stock positions, often the result of successful equity compensation or investment gains, the traditional options remained limited: hold and bear concentrated risk, or sell and face significant capital gains taxes.
Mesh Secures Additional Funding from Investors Including PayPal Ventures to Further Power Crypto Payments
- 3 months 2 weeks ago
- Fundraising News
Mesh, the leading crypto payments network, today announced additional investments from PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures (venture partner for ByBit), SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures and CE-Ventures, bringing total capital funding to more than $130 million. This support positions the company to accelerate its impact on the global payments industry.
Rillet Raises $70M to Replace 20th-Century Accounting Software With AI-Native ERP Built by Accountants
- 3 months 2 weeks ago
- Fundraising News
Rillet, the AI-native ERP (enterprise resource planning) platform built for modern finance teams, today announced a $70 million Series B co-led by Andreessen Horowitz and ICONIQ with participation from Sequoia, Oak HC/FT and earlier investors. In conjunction with the new funding, Andreessen Horowitz General Partner Alex Rampell and ICONIQ General Partner Seth Pierrepont are joining the board.
Stavtar Solutions Secures $55 Million From Elephant to Accelerate Growth and Scale Operations
- 3 months 2 weeks ago
- Fundraising News
Stavtar Solutions, a leading provider of business spend management and expense allocation SaaS for complex businesses such as alternative asset managers, today announced a Series A investment of $55 million from Elephant. The minority investment will fuel the next phase of expansion for the platform that has revolutionized how complex businesses are managing their business spend, expense allocations, vendors, contracts, budgets, payments, and... more
Capitolis Announces Strategic Investments
- 3 months 3 weeks ago
- Fundraising News
Capitolis, the financial technology company, today announced additional strategic investments from leading global banks and venture capital firms. New bank investors Barclays and BNP Paribas join J.P. Morgan, an existing Capitolis investor, as well as Citi, Morgan Stanley, State Street, and UBS—all of which previously invested in this round.
Casap Raises $25M Series A to Revolutionize Payment Disputes With AI and Eliminate First Party Fraud Losses
- 3 months 3 weeks ago
- Fundraising News
Casap, the leader in intelligent automation for dispute and fraud operations, has raised $25 million in Series A funding led by Emergence Capital, with participation from Lightspeed Venture Partners, Primary Venture Partners, SoFi and others. This brings Casap’s total funding to $33.5 million and sets a new record for venture investment in the payment disputes category.
NEA-Backed NG.CASH Announces the Close of $26.5M Series B
- 3 months 3 weeks ago
- Fundraising News
NG.CASH, a consumer fintech platform built to serve Brazil’s digital-first generation, has announced the close of a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA) with participation from Quantum Light, the innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, founded by Ualá founder Pierpaolo Barbieri who is also... more
Glassbox Secures an Investment From Poalim Equity
- 3 months 3 weeks ago
- Fundraising News
Glassbox, a leading provider of digital experience analytics for financial institutions, today announced a minority investment from Poalim Equity, the investment arm of Bank Hapoalim, Israel's largest financial group. The investment marks a new chapter in the partnership between the two companies and will fuel Glassbox's next phase of innovation, accelerating the development of advanced analytics and AI solutions purpose-built for financial... more
DPDzero Raises $7M to Build India’s Best Collections Company
- 3 months 3 weeks ago
- Fundraising News
Debt collections is the backbone of lending, however collections today are run by collection agencies who care very little about the borrower and mostly care about their commissions. With a vision to build India’s best collections company, DPDzero has announced raising $7million in Series-A funding led by GMO VenturePartners – Japan’s premier fintech focused VC, SMBC Asia Rising Fund, and Blume Ventures, which has doubled down since the previous... more
Grasshopper Raises $46.6 Million in Funding and Appoints New Board Members to Fuel Next Phase of Growth
- 3 months 3 weeks ago
- Fundraising News
Grasshopper, the client-first, full service digital bank, today announced it concluded a $46.6 million funding round. Patriot Financial Partners LP led the funding round, with additional participation from Glendon Capital Management.
Fintech Alaan Raises $48 Million To Equip MENA Finance Teams With AI Agents
- 3 months 3 weeks ago
- Fundraising News
Alaan, the Middle East’s leading spend management platform for businesses, has raised $48 million - one of the largest Series A funding rounds in the history of the region.
Uzum Secures $70M Equity Financing Led by Tencent and VR Capital, Reaches $1.5B Valuation
- 3 months 3 weeks ago
- Fundraising News
Uzum, Uzbekistan’s leading digital ecosystem, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures – a U.S. fund focused on AI, fintech and super-app investments, and lead investor in Uzum’s first equity round completed in March 2024. Tencent is a world-leading internet and technology company with a diverse portfolio of innovative products and services. It is listed on the... more
Bakkt Announces Closing Of $75 Million Public Offering
- 3 months 3 weeks ago
- Fundraising News
Bakkt Holdings, Inc. announced the closing of its previously announced underwritten public offering of 6,753,627 shares of Class A common stock and pre-funded warrants to purchase up to 746,373 shares of Class A common stock at a public offering price of $10.00 per share and public offering price of $9.9999 per pre-funded warrant, which represents the per share public offering price of each share of Class A common stock less the $0.0001 per... more
