Open Banking Fintech Waave Raises $4.7 Million in Seed Round

Waave, an Australian open banking startup for account-to-account payments, has closed a $4.7 million seed round backed by Menulog managing director Morten Belling and e-commerce investor Paul Greenber. Founded by Ben Zyl, Mark Connolly and Peter Traianou, who collectively have decades of experience working for the likes of PayPal, AfterPay, NAB and Adyen, Waave is marketing its Pay by Bank technology as a cheaper alternative to traditional credit cards.

Hokodo Tops Up Series B Funding with Strategic Investment from Citi

Hokodo, Europe’s leading provider of B2B BNPL and Digital Trade Credit solutions, announced a Series B extension from Citi, a global leader in financial services. This extension comes less than 10 months after Hokodo’s Series B announcement in June 2022. The latest cash injection will support Hokodo’s ambition to grow and enter new geographic regions. The B2B payments scaleup has already entered 6 of Europe’s largest markets including the UK, France, Spain, Germany, Belgium and the Netherlands, with imminent announcements of further expansion.

Triver Raises £7M to Provide Small Businesses with Instant Capital in a Click

Triver has announced it has raised £7m equity from top investors to revolutionise how small businesses can access finance. Leveraging Open Banking data and sophisticated AI, Triver funds SMEs’ short-term working capital needs, underwriting the risk of small business borrowing instantly and automatically. Faster and more easily than high street banks, it can provide advances on a business’s client invoices 24/7, offering peace of mind of simple access to capital when needed.

Insurtech Capitola Secures $15.6M in Series A Funding Round Led by Munich Re Ventures, Lightspeed Venture Partners

Capitola, the digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching to streamline the placement process, announced it has raised $15.6 million in its Series A funding round. Led by Munich Re Ventures, this round will be used to grow Capitola’s platform with an emphasis on its market intelligence capabilities and to accelerate sales in the U.S.