Capital on Tap Has Secured a £200M Funding Facility

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access credit when the UK is anticipating a recession and facing historic inflation rates. Launched in 2012, Capital on Tap provides an all-in-one small business credit card and spend management platform tailored to small businesses.

MENA’s First&Only Subscription Management Platform - Raises US$2.4 Million, in Seed Round Led by Global

SubsBase, the first and only subscription and recurring revenue management platform catering to the MENA region, announces it has successfully closed its seed round at US$2.4 million. The investment round was led by Global Ventures, a leading MEA-focused venture capital firm. Other participating investors included: HALA Ventures, P1 Ventures, Plus Venture Capital (+VC) , Plug and Play, Ingressive Capital, and Camel Ventures, plus existing investors Falak Startups and Arzan Venture Capital.

Zywa, Neobank for Gen Z Raises $3M in a Seed Round

Zywa, a teen-focused FinTech startup aiming to re-imagine banking for Gen Z in the Middle East and North Africa, raised $3m in a seed round. The round included participation from Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline Venture Partners, Zemu VC, and European family offices, as well as strategic angel investors. Founded in 2021 by Alok Kumar and Nuha Hashem, Zywa brings a unique solution to the region by offering a gamified community-based banking app and payment card to Gen Z between the age of 11-25 years old.

Huntingdon Valley Bank To Access Up To $100M of DeFi Funding Through MakerDAO

MakerDAO, the longest-standing DeFi lending protocol and creator of DAI, the original, decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been approved to utilize a $100M participation facility, funded by a Maker Vault. Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871 with more than $550 million in assets, has become the first US-based bank to integrate collateral into the DeFi ecosystem - opening the largest real-world asset Maker Vault to date.

Muse Raises $20M in Debt Facility to Support Small Businesses

Muse Finance - a bespoke finance provider for small, medium and growing businesses - announces that it has closed a $20 million debt facility to support the growth of small businesses. The additional funds mean that Muse now has access to over $96,000,000 USD (or £73,890,000 GBP), having previously raised £64 million for UK and European corporates from RiverRock and Prime 5 Finance Limited. The new debt facility comes ahead of Muse’s upcoming Series A round, which is planned for early 2023.

Highline Secures $13 Million in Series A Funding To Extend Credit Access For Borrowers and Reduce Risk For Lenders

Highline Technologies, the payments fintech that unlocks payroll-linked lending and bill pay, announced that it has successfully raised $13 million in Series A funding. The round was led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors. Founded in 2020, Highline’s payments platform allows consumers to easily automate bill payments directly from their paycheck, helping to avoid missed payments and overdraft fees.

Kasisto Raises Additional $15.5 Million From FIS and Westpac in Oversubscribed Series C Round

Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, announced a $15.5 million Series C extension, led in the United States by Fidelity Information Services, LLC (NYSE: FIS) and internationally by Westpac Banking Corporation (OTCMKTS: WEBNF), with participation from BankSouth. This brings the total Series C funding to $31 million.