Receipt Bank, the world’s leading digital bookkeeping platform, has raised a total of US $73million (£55 million) in equity and debt in a successful Series C funding round. The round was led by Insight Partners, joined by Augmentum Fintech with participation from existing investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank and its shareholders … [Read more...] about Receipt Bank raises $73m in Series C funding
fintech
Figure, the fintech startup, transforming the lending experience through the power of blockchain technology, closes Series C Round of $103 Million
“One of our core investment theses is that every stock, bond, currency, and commodity will eventually be digitized. Figure is leading that transition from the front and is bringing radical change to finance and lending markets. Leveraging blockchain technology to drive speed, efficiency, and cost savings to lending, Figure is focused on driving out waste and dead time inherent … [Read more...] about Figure, the fintech startup, transforming the lending experience through the power of blockchain technology, closes Series C Round of $103 Million
MiddleGame Ventures Announces €150m FinTech-Focused Fund targeting B2B and B2B2C startups
MGV’s Venture Fund I has achieved its first close, with a final close target size of €150MM. It will invest in and partner with B2B and B2B2C startups driving the transformation of financial services from analog to digital and from centralized to decentralized, with an emphasis on middleware and back office solutions. Its remit extends to enabling technologies such as RegTech, … [Read more...] about MiddleGame Ventures Announces €150m FinTech-Focused Fund targeting B2B and B2B2C startups
Digital Debt Capital Markets Raises £2.5m of Seed Capital to Develop Its “agora” Technology
Digital Debt Capital Markets Ltd (“DDCM”), a UK based techfin company announces the closing of its initial seed funding, raising £2.5m from a group of individuals and family offices. DDCM is developing software to enable, for the first time, truly end-to-end digital support for the entire life cycle of a bond through the deployment of its agora technology. This technology will … [Read more...] about Digital Debt Capital Markets Raises £2.5m of Seed Capital to Develop Its “agora” Technology
Paidy Announces $143 Million USD in Funding: $83 Million USD in Series C Extension & $60 Million USD in Debt Financing
Paidy Inc. ("Paidy"), a payment provider offering instantly-issued credit, announced additional funding worth $143 million USD. The funding was composed of a Series C extension and debt financing. Financing for the Series C extension was provided by both new and existing investors to the company, whereas the debt financing was led by four financial institutions including a … [Read more...] about Paidy Announces $143 Million USD in Funding: $83 Million USD in Series C Extension & $60 Million USD in Debt Financing
Vindex launches with $60M Series A funding round to scale esports infrastructure platform
Vindex, the emerging leader in esports led by CEO Mike Sepso, co-founder of Major League Gaming and a world-class team of esports pioneers and veteran fintech entrepreneurs, today announced its launch with initial funding of $60M to build a first-of-its-kind global esports infrastructure platform. The company also announced the acquisition of Next Generation Esports (NGE) and … [Read more...] about Vindex launches with $60M Series A funding round to scale esports infrastructure platform
Current Raises $20 Million in Series B Funding, Expands Partnership with Visa and Surpasses 500,000 Customer
Current, the bank for modern life, today announced $20 million in a Series B round, bringing its fundraising total to $45 million, and its rapid growth to over 500,000 accounts as its unique technology continues to power innovation in products and offer affordable financial solutions to all Americans. In addition to these milestones, Current is also expanding its partnership … [Read more...] about Current Raises $20 Million in Series B Funding, Expands Partnership with Visa and Surpasses 500,000 Customer
Klar Raises $57.5M in Funding to Democratize Banking in Mexico
Klar, a Mexico-based challenger bank working to democratize bank services in Mexico by offering a 100% digital, transparent, free and secure alternative to traditional credit cards and debit services, today announced its Series Seed financing of $7.5 million. Klar also announced it has raised an additional $50 million in debt funding. The round was led by Quona Capital, a … [Read more...] about Klar Raises $57.5M in Funding to Democratize Banking in Mexico
Fundbox Raises $326 Million to Expand the Industry’s First B2B Payments and Credit Network
Today Fundbox, the B2B payments and credit network designed to facilitate and accelerate B2B commerce at scale, announced that it has raised $176 million in growth equity funding for its Series C round. In addition, the company also announced that it has secured a $150 million credit facility. Fundbox will use these new investments to transform the B2B payments and credit … [Read more...] about Fundbox Raises $326 Million to Expand the Industry’s First B2B Payments and Credit Network
Tipalti Raises $76 Million to Further Accelerate Its Leadership in Global Payables Automation
Tipalti, the leading global payables automation solution, today announced it successfully raised an additional $76 million. Led by Zeev Ventures, the D round also includes a follow-on investment from Group 11 (f.k.a. SGVC) and participation from two new investors: 01 Advisors (a fund founded by Twitter’s former CEO & COO) and Greenspring Associates. Tipalti will use this … [Read more...] about Tipalti Raises $76 Million to Further Accelerate Its Leadership in Global Payables Automation
FinTech Startup Wahed Invest Raises a Multi-million Dollar Investment from Dubai Cultiv8
Wahed Inc. ("Wahed"), the parent company of the Shariah-compliant, FinTech start-up Wahed Invest LLC ("Wahed Invest"), announces a multi-million dollar investment from Dubai Cultiv8 Investments Limited (Dubai Cultiv8), a full subsidiary of Dubai SME which is an integrated division of Dubai's Department of Economic Development. Wahed's digital investment platform allows … [Read more...] about FinTech Startup Wahed Invest Raises a Multi-million Dollar Investment from Dubai Cultiv8
Pluang, an Indonesia-based fintech with the goal of democratizing access to financial products, Receives Over US$3M in Funding
Pluang (https://Pluang.com), a fintech startup providing digital micro-savings for Indonesians (formerly known as EmasDigi), officially announced today its US$3 million Series A funding led by Go-Ventures. Pluang has recently launched one product, a gold savings product. With this fresh capital, Pluang plans to launch other products, including US dollar savings and fixed return … [Read more...] about Pluang, an Indonesia-based fintech with the goal of democratizing access to financial products, Receives Over US$3M in Funding
AppZen Raises $50 Million for Series C Funding to Transform Enterprise Finance with AI
AppZen, the world’s leading AI platform for modern finance teams, announced today that it has secured $50 million in Series C funding led by Coatue Management. Existing investors Redpoint Ventures and Lightspeed Venture Partners also participated in the round. This brings the company’s total investment to more than $100 million. AppZen will use the new funding to accelerate its … [Read more...] about AppZen Raises $50 Million for Series C Funding to Transform Enterprise Finance with AI
Happy Money Raises $70 Million to Accelerate Vision of Providing Financial Tools and Services for Human Happiness
Happy Money, the fintech company enabling people to break up with their credit cards, today announced the close of a Series D funding round of $70 million. Led by CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group, this investment accelerates Happy Money’s continued growth, further enables partnerships with credit unions and other ethos-aligned financial … [Read more...] about Happy Money Raises $70 Million to Accelerate Vision of Providing Financial Tools and Services for Human Happiness
T-REX Closes Strategic Funding Round from Citi, Westly, and Viola Fintech: Funds to Scale Digital Transformation Across Alternative Financial Markets
T-REX, the leading analytics and data solution for complex investments, today announced a new funding round led by Citi (NYSE:C), the Westly Group, and Viola Fintech, with participation from innogy (ETR:IGY) and Macquarie Capital. T-REX fills a critical technology gap for this $30 trillion market by digitizing and standardizing data and unifying workflow. The new funding will … [Read more...] about T-REX Closes Strategic Funding Round from Citi, Westly, and Viola Fintech: Funds to Scale Digital Transformation Across Alternative Financial Markets
Accion Venture Lab Launches New Fund, Quadruples Capital for Inclusive Fintech Startups: Venture Lab leverages third-party investment capital for the first time to scale its innovative model supporting inclusive fintechs
Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion. The new fund brings together a group of third-party impact and commercial investors that share Venture Lab's commitment to innovative fintech … [Read more...] about Accion Venture Lab Launches New Fund, Quadruples Capital for Inclusive Fintech Startups: Venture Lab leverages third-party investment capital for the first time to scale its innovative model supporting inclusive fintechs
Eleven startups join Plug and Play ADGM’s fall 2019 accelerator program
Plug and Play, the largest global innovation platform, and Abu Dhabi Global Market (ADGM), the leading international financial centre based in Abu Dhabi, announced today the startups participating in their third FinTech and first Travel & Hospitality accelerator programs. Plug and Play ADGM kicked off their innovation platform in Q3 2018, and are currently partnered with Abu … [Read more...] about Eleven startups join Plug and Play ADGM’s fall 2019 accelerator program