RemotePass has raised $5.5 million in our Series A funding round, led by 212 VC and joined by prominent investors worldwide. This fresh injection fuels their mission to revolutionize remote work for companies and talent globally.

Born as a pivot from a business travel platform during the COVID-19 pandemic, they've grown into a 55-member strong team serving over 360 businesses in 50+ countries.

RemotePass stands at the forefront of HR and FinTech solutions, offering a comprehensive platform that simplifies the complexities of managing remote teams. By facilitating the onboarding, payment, and retention of remote employees, RemotePass caters to companies of all sizes, enabling them to leverage global talent pools without the need for a legal entity in each country.

RemotePass’s cumulative funding has now exceeded $10m, thanks to previous rounds of investment from notable entities such as BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs. This underscores the company’s robust financial foundation and its commitment to enhancing the remote work ecosystem.

Ali Hikmet Karabey, managing director at 212 VC, lauded RemotePass’s achievements, stating, “Witnessing RemotePass’s remarkable product growth and stellar customer service since early 2023 has solidified our belief in their visionary team and business model.”

Kamal Reggad, CEO and co-founder of RemotePass, echoed the sentiment of growth and opportunity, “Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed.”

Theia Insights, a UK-based deep tech start-up launched by former Amazon Alexa scientist and solo entrepreneur Dr. Ye Tian has raised $6.5M. In another example of US venture capital looking to the UK for the most innovative technology companies, the round was led by Silicon Valley’s Unusual Ventures, with participation from Fidelity International Strategic Ventures, and LA-based Clocktower Ventures, alongside several strategic angels.

Theia Insights’ products and solutions are built upon a foundation of academic and proprietary research and incorporate the latest developments in AI, machine learning, Natural Language Processing (NLP), Large Language Models (LLM), and technologies grounded in advanced financial mathematics.

Given the importance of understanding the economic landscape and the make-up of companies — what exists and “who does what and by how much,” investors rely on several foundational technologies to make decisions. The modern world moves faster and changes more frequently than ever before — the global economy is more dynamic, companies are increasingly active across many different verticals, and we are bombarded by information and data. In turn, tools and solutions must keep up. Theia was founded to solve this problem and build future-proof foundational AI that adapts to the world we live in today.

Dr. Ye Tian, Founder and CEO of Theia Insights said, “We live in the age of data overflow — everything from geopolitics to financial filings, to social media and news. It’s often overwhelming and easy to get lost in the noise. But good investment decisions require clarity, and that is where AI can play an unrivalled role — by lifting us from the valley to the mountaintop, so we can choose the paths we want to take by seeing where every path leads and how they connect.”

With an academic background in Natural Language Processing (NLP) and AI, former research scientist at Amazon Alexa, Dr. Ye Tian has assembled a highly skilled team of experts from Nasdaq, Morgan Stanley, Meta, UC Berkeley's Economics Department, Amazon Alexa, AWS and the University of Cambridge's Computer Science Department. The company is named after “Theia” the Goddess of Sight, with the mission of synthesizing and distilling vast amounts of information so investors can see clearly.

This financing round has allowed Theia to attract industry-leading talent from conventional classification and risk management firms, as well as individuals at the very forefront of the rapid recent advancements in AI. This carefully managed expansion of the firm’s pool of exceptional human resources is being matched by ongoing investment in ambitious commercial projects and research initiatives.

Lars Albright, General Partner at Unusual Ventures commented “We believe that data infrastructure in the asset management sector will continue to go through substantial change and advancement through the adoption of AI. The shortcomings around legacy industry classification systems and the lack of dynamic insights on risk factors driving investment decisions is a pressing issue. After meeting and getting to know Theia, we were impressed with their bold vision, their technical ability and the team they have assembled to tackle this substantial problem.”

Fidelity International Strategic Ventures also supported Theia in the round. Principal, Erik Mostenicky said, “Theia Insights' team's strong academic expertise in AI and natural language processing uniquely positions them to tackle many technically challenging problems affecting the investment industry, and we are excited to support them on this journey. Their products have already attracted significant interest from major industry players, and we believe they have the potential to redefine and revolutionize portfolio construction and risk monitoring processes in the future.”

Theia Insights serves a diverse range of corporate clients, such as asset and wealth managers, ETF issuers, Index providers, investment banks, fintechs, and the broader financial services ecosystem. In partnership with some of the world’s largest and most well-known organizations in the space, Theia is developing three core technologies: dynamic industry classification, thematic risk models, and portfolio analysis.

Yuno, a leading global payments orchestration platform, announces today it has secured US$25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees.

Founded by experienced tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno offers its clients fast and reliable payment orchestration, helping revolutionize retail, e-commerce, travel, mobility, and other industries. Yuno already serves customers like McDonald's, Avianca, inDrive, Rappi, and others across 50 countries, offering innovative features such as one-click checkout modifications, smart routing, and the integration of information from all payment processors and anti-fraud tools into a unified interface.

Funds raised in this Series A round will help further strengthen Yuno's operations in North and South America and enter new markets in Europe, Asia, and Africa. This should benefit Yuno's customers, who already value the company's innovative approach to integrating diverse payment methods, which is fueling their own growth by providing easy-to-use, reliable, and tailored solutions for different geographies.

Juan Pablo Ortega, CEO and Co-founder at Yuno, commented: "This financial backing validates our vision and our ability to take the global payments industry into the future, helping fuel positive change across many different sectors of the economy. We are thrilled to bring our cutting-edge solutions to new markets."

Julián Núñez, Co-founder at Yuno, added: ''Yuno is already successfully facilitating financial transactions in over 50 countries, highlighting our versatility and adaptability in meeting the diverse demands of the global market. This latest round of funding will play a pivotal role in advancing Yuno's technological infrastructure, expanding our team of exceptional professionals, and crafting innovative market strategies to strengthen our presence across different geographies."

"We're happy to be supporting Yuno in the next phase of its growth," said Saurabh Gupta, Managing Partner at DST Global. "We're impressed by the entrepreneurial track record of its founders, the strong team and customer base they've built, and the company's proven ability to keep innovating in online payments."

Carputty, a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. This significant investment is further bolstered by new equity contributions led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. With the investment and warehouse facility combined, Carputty's newest financial backing exceeds $80 million. Other noteworthy key investors include Porsche Ventures and University Growth Fund, who, alongside the current participants have seen Carputty raise more than $100 million in total funding, marking a substantial milestone for the company.

Brian Foley, Market Manager at SVB, collaborated closely with Carputty to structure and launch this transformative warehouse facility. “SVB continues to support fintech companies in significant growth stages, and Carputty exemplifies the innovation and impact we seek in our partners,” said Foley. “This partnership underscores our commitment and ability to support companies poised for exponential growth.”

This milestone agreement, replacing the former $20 million facility, marks a significant leap forward in Carputty's expansion strategy and ability to meet burgeoning market demand. The new warehouse facility, structured under a two-year term compared to the previous six-month term, serves as a robust growth facilitator for Carputty. 

Bobby Heytota, Carputty's Head of Capital Markets, emphasized the pivotal nature of the SVB relationship, stating, “This partnership is a game changer for us. With the ability to aggregate large tranches of prime plus consumer auto loans, we are positioned to support our investors, onboard new buyers, and pave the way for our first securitization.”

The warehouse will bolster the company's ongoing relationships with industry giants such as Turo and Lucid Motors USA while empowering the greater expansion of its direct-to-consumer offerings into the 48 states and territories that it operates within. Carputty is also anticipated to open in California, representing approximately 12% of the US auto market, allowing the company to tap into further growth with its innovative Flexline™ model.

Patrick Bayliss, Co-Founder and CEO of Carputty, hailed the momentous occasion as a testament to the company's evolution. “This marks a seminal moment for Carputty,” said Bayliss. “As we continue to forge partnerships across the automotive ecosystem, the overwhelming demand for our Flexline model validates our vision for the future of auto financing and ownership.”

Neonomics, a privately held company registered in Norway, proudly announces Lars Dencker Nielsen as Chief Financial Officer.

Lars brings comprehensive experience in finance and management acquired from his time at various international companies across different sectors. Originally from Denmark, Lars has embraced a global outlook, considering himself just as much a Norwegian or an international citizen after spending his entire professional career outside his home country. Fun fact: His early career took him to Beijing, China, where he spent five adventurous years before relocating to Norway in 2002!

Throughout his career, Lars has played pivotal roles in companies operating within the Nordic and Northern European markets, spanning industries from consumer and business lending, financing and factoring, debt collection, to public deposits and payment schemes. Prior to joining Neonomics, Lars served as interim CFO at BankID BankAxept AS, with previous experience including contributing to the development of Gothia/Arvato into a pan-European player and the successful revitalization of Avida Finans.

Speaking on his new role:

"I’m excited to join the Neonomics team and bring my financial expertise to contribute to the company’s growth journey. It’s a fantastic opportunity to work with a really talented and enthusiastic group of individuals striving to make a difference with open banking and I look forward to driving our financial strategies that propel us toward our goals.”

We are excited to welcome Lars aboard the Neonomics team! If you wish to connect with Lars or learn more about his role at Neonomics, please feel free to reach out to him here.

10x Banking’s commitment to its people, community and planet has earned the firm B Corp Certification, in recognition of using business as a ‘force for good.’

10x Banking, the cloud-native core banking platform, has become one of the first financial services companies to achieve B Corp status and the first core banking platform to achieve the certification, showcasing its commitment as a leader in the global movement for an inclusive, equitable and regenerative economy.

As part of its ongoing mission to prioritize people, the planet, and the community, 10x has joined the ranks of over 6,000 Certified B Corporations worldwide. B Corp Certification looks beyond traditional business success by evaluating a company’s entire social and environmental impact, ensuring it meets high standards of performance, accountability, and transparency across various criteria.

‘Impact’ is one of 10x’s core values, alongside transformation and integrity, and Chief Impact Officer and Head of Inclusion, Amanda Jenkins, is responsible for driving this forward.

“10x Banking’s journey to becoming a Certified B Corporation is a testament to our unwavering commitment to making a positive change in the world. We believe that business should be a catalyst for positive transformation, and achieving B Corp certification reinforces our dedication to this vision.” – Amanda Jenkins Chief Impact Officer, 10x

Why B Corp Certification matters

B Corp Certification is a holistic recognition of a company’s commitment to creating value for all stakeholders, not just shareholders. To achieve this esteemed certification, companies must meet rigorous standards, demonstrating exceptional social and environmental performance, and making a legal commitment to stakeholder accountability.

Amanda Jenkins continues: “We chose B Corp Certification because it aligns closely with our core value of ‘Impact’. B Corps envision an economy that benefits everyone and strives for positive change. This harmonizes perfectly with our mission to create a better world through our work and be a force for good.”

10x Banking’s commitment to impact

10x’s ‘Impact’-led approach places a strong emphasis on transparency, ethical business operations, and positive change for individuals, businesses, communities, and the environment.

The company’s approach to ‘Impact’ is organized under three pillars that are at the heart of operations through governance: people, community, and planet. Through its initiatives, the company focuses on promoting diversity, fostering an inclusive workplace, supporting local communities, and addressing environmental challenges. The commitment also extends to measuring, reducing, and offsetting carbon emissions to mitigate its environmental footprint.

Continuing the ‘Impact’ journey

Achieving B Corporation status is just one milestone in 10x Banking’s journey towards creating a more sustainable and equitable world. The company remains dedicated to continuous improvement and plans to elevate its B Corp score with each review.

“We view B Corp certification as a steppingstone, not a destination,” added Amanda Jenkins. “Our commitment to impact drives us to constantly evolve, grow, and enhance our practices. As we move forward, we’re excited to see the positive transformations we can inspire as a Certified B Corporation.”

Spreedly, the provider of the leading Payments Orchestration platform, is proud to welcome Peter Dougherty as president. Peter will oversee all aspects of go-to-market including marketing, sales, partnerships, customer success and support.

“As the industry is in the early stages of adopting Payments Orchestration, Peter is uniquely positioned to lead us in the next phase of our GTM initiatives,” said Justin Benson, CEO of Spreedly. ”He will work at all levels of the P&L to drive growth and deliver innovation to our customers and partners.”

Dougherty joins Spreedly from Lightspeed Commerce, a platform powering omnichannel experiences for 168,000 independent merchants around the world. An early employee, he held multiple roles in go-to-market, serving as GM & EVP of one of two major operating divisions. He has extensive experience leading and scaling global teams to drive new revenue and product innovation.

“Peter has the right experience to build on Spreedly’s leadership position in Payments Orchestration,” commented Adam Margolin, managing director at Spectrum Equity and Spreedly board member. “We’re confident in his ability to help Spreedly realize its full potential.”

“Spreedly’s leadership position, people, and enviably large market opportunity were all drivers in my decision to join the company,” said Dougherty. “As I’ve gotten to know the team and board, and gained deeper insights about the orchestration market, it’s become clear that there is tremendous opportunity for Spreedly’s next phase of growth.”