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Ocrolus Lands $80M Series C Financing Round
Ocrolus Lands $80M Series C Financing Round
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Ocrolus Lands $80M Series C Financing Round

– Ocrolus, a San Francisco-based automation platform that analyzes financial documents with over 99% accuracy, announced $80m in Series C funding.
– The round was led by Fin VC at a valuation north of $500m.
– Additional participants in the round were Thomvest Ventures, Mubadala Capital, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Invicta Growth, Stage 2 Capital, and Cross River Bank.
– The company plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.

Source
Reserve Trust Secures $30.5M Series A, Reunites Serial Entrepreneurs to Drive Next Stage of Growth
Reserve Trust Secures $30.5M Series A, Reunites Serial Entrepreneurs to Drive Next Stage of Growth
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Reserve Trust Secures $30.5M Series A, Reunites Serial Entrepreneurs to Drive Next Stage of Growth

– Reserve Trust, the first fintech trust company with a Federal Reserve master account, announced a $30.5m Series A investment.
– Led by QED Investors with participation from FinTech Collective and Ardent Venture Partners.
– In conjunction with the fundraise, Reserve Trust also announced that Dave Wright has been named CEO and Dave Cahill has joined the company as Chief Operating Officer.
– This move reunites two tech entrepreneurs that have collectively been involved in founding, building, and scaling multiple startups with four successful exits between them.

Source
Vestwell Raises $70M in Series C Funding
Vestwell Raises $70M in Series C Funding
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Vestwell Raises $70M in Series C Funding

– Vestwell, a NYC-based API technology platform for workplace savings and investing programs, raised $70m in Series C financing.
– The round was led by Wells Fargo Strategic Capital and Fin Venture Capital co-led by Goldman Sachs, Morgan Stanley, Manulife, Point72, Nationwide Ventures, Allianz Life Ventures, Northwestern Mutual, FinTech Collective, Greenspring Associates, Primary Venture Partners, Teamworthy Ventures, F-Prime Capital, Industry Ventures, and Commerce Ventures.
– The company intends to use the funds to further expand the team, platform functionality, and servicing for its thousands of partners and clients.

Source
Creator Economy Fintech Startup Willa Raises $18M Series A Led by FinTech Collective to Ensure Creators Are Paid on Time
Creator Economy Fintech Startup Willa Raises $18M Series A Led by FinTech Collective to Ensure Creators Are Paid on Time
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Unicorn Nest news

Creator Economy Fintech Startup Willa Raises $18M Series A Led by FinTech Collective to Ensure Creators Are Paid on Time

– Willa, the creator economy fintech dedicated to getting freelancers paid on time without the associated admin and hassle, announces an $18m Series A round led by New York-based FinTech Collective, including additional investments from Entrée Capital and EQT Ventures.
– With the investment, Willa is gearing up to expand its invite-only beta to a waitlist of 150,000+ freelancers in the United States. The latest funding will also allow for the company to grow its active user base and keep up with demand and a rapidly growing waitlist. A debit card and additional services centered around financial wellness for freelancers are planned later in 2021.

Source
Mexican challenger bank Fondeadora adds $14 million to its Series A
Mexican challenger bank Fondeadora adds $14 million to its Series A
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Mexican challenger bank Fondeadora adds $14 million to its Series A

– Fondeadora, a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round.
– The round was extended by Portag3 and joined by Google’s Gradient Ventures, an existing investor in the company.
Gokul Rajaram and Anatol von Hahn are investing as business angels as well.
Y Combinator, Scott Belsky, Sound Ventures, Fintech Collective and Ignia also participated in the first tranche of the Series A.

Source
NYDIG Raises $200M from Strategic Partners
NYDIG Raises $200M from Strategic Partners
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NYDIG Raises $200M from Strategic Partners

– NYDIG, a leading provider of technology and investment solutions for Bitcoin, announced a $200m growth capital round led by strategic partners Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments.
Bessemer Venture Partners and FinTech Collective also participated.

Source
Nydig Raises $200M in Further Funding
Nydig Raises $200M in Further Funding
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Nydig Raises $200M in Further Funding

– Nydig, a NYC-based provider of technology and investment solutions for Bitcoin, raised $200m in growth funding.
– The round was led by Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. Bessemer Venture Partners and FinTech Collective, who led the two prior funding rounds, also participated.
– The new investment will be used to expand the company’s business reach.

Source
Minu, the Largest Pay On Demand Player in Latin America, Raises $14 Million to Cement Financial Wellness in the Mexican Workforce
Minu, the Largest Pay On Demand Player in Latin America, Raises $14 Million to Cement Financial Wellness in the Mexican Workforce
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Unicorn Nest news

Minu, the Largest Pay On Demand Player in Latin America, Raises $14 Million to Cement Financial Wellness in the Mexican Workforce

– Minu, an employee financial wellness company, today announced that it has raised $14 million in Series A funding.
– The round was led by FinTech Collective, with participation from VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale. Existing investors QED Investors, Next Billion Ventures, and Village Global also participated.
– The round includes $2.5 million of debt from Banco Sabadell Mexico. To date, Minu has raised a total of $20 million.

Source
Parkside Snags $24M Series A
Parkside Snags $24M Series A
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Parkside Snags $24M Series A

– Parkside, a global stock trading and clearing platform for brokerages and digital banks, announced the completion of its $24m Series A financing.
– Shanghai, China-based Enlight Growth Partners (“EGP”) led the round, which included existing investors Mubadala Capital, FinTech Collective and Colle Capital, and new investors Peak6 Investments and Entrée Capital.
– Parkside will continue expanding its technology and brokerage services in support of its 2021 growth plans.

Source
Bottlepay Raises $15M in Seed Funding
Bottlepay Raises $15M in Seed Funding
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Unicorn Nest news

Bottlepay Raises $15M in Seed Funding

– Bottlepay, a UK-based global payments app, raised £11m ($15m) in seed funding.
– The company intends to use the funds to expand the team, develop the platform’s functionality and geographical reach.
– Backers included British fund manager Alan Howard, venture capital firm FinTech Collective and tech entrepreneur Phil Doye.

Source
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