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Banking Finance Financial Services FinTech Payments Southeast Asia

Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global

– Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced it has raised $150 million in Series C funding, bumping its valuation to $1 billion.
– The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital.
– This new round brings its total funding so far to $238 million.
– The company was founded in 2015 by chief executive officer Moses Lo and chief operating officer Tessa Wijaya.

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Banking E-Commerce Information Technology Software Sub-Saharan Africa

Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build ‘Fast for Africa’

– OurPass, a Nigerian e-commerce checkout startup, raised $1m in pre-seed funding.
– The round was led by Tekedia Capital and angel investors from Fortune 500 companies.
– The company is building a global product, but it is limited in Africa.

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Artificial Intelligence Banking Credit Cards Financial Services FinTech InsurTech Lending Machine Learning Personal Finance South Asia

WeRize Raises USD8M in Series A Funding

– WeRize is a Bengaluru, India-based socially distributed financial services platform.
– The company raised USD8M in Series A funding.
– The round was led by 3one4 Capital, Kalaari Capital, Picus Capital and Orios Venture Partners.
– The new investment will be used to accelerate growth and expand operations.

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Banking Financial Services Micro Lending North Africa and the Middle East

Egyptian fintech MNT-Halan lands $120M from Apis Partners, DisrupTech and others

– MNT-Halan, a fintech company, raised $120m funding.
– The round was led by private equity firms Apis Growth Fund II, Development Partners International and Lorax Capital Partners, as well as VCs like Middle East Venture Partners, Endeavor Catalyst and DisruptTech.
– It brings the total funding to $150m.
– The company plans to use the funding to expand its services across Egypt and the MENA region.

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Apps Banking Sub-Saharan Africa

Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services

– Fintech startup Prospa raised $3.8m pre-seed funding.
– The round was led by Y Combinator and joined by other investors.
– The startup wants to change how banks serve micro and small businesses in Nigeria.

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Banking Debit Cards Finance Financial Services North America

Point raises $46.5 million for its premium debit card

– Challenger bank Point raised $46.5m Series B funding.
– The round was led by Valar Ventures and joined by Breyer Capital, YC Continuity and Human Capital.
– The company raised a $10.5m Series A round 18 months ago and a seed round before that, which means that Point has raised $60m in total.

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Banking Debit Cards Finance Financial Services North America

Point Card Raises $46.5M in Series B

– Point Card, a mobile payments app that offers unlimited cash back and personalized offers, has raised $46.5m in Series B funding.
– Existing investor Peter Thiel’s Valar Ventures led the Series B round.
– Other investors include Breyer Capital, YC Continuity and Human Capital.

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Banking Credit Cards Enterprise Software Financial Services FinTech North America Payments Software

Jeeves Raises $57M in Series B funding; at $500M Valuation

– Jeeves is a NYC-based expense management platform for global startups.
– The company raised $57M in Series B funding at a $500M valuation.
– The Series B round was led by CRV with participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management and a key group of angel investors including Kevin Durant, Andre Igoudala, Odell Beckham Jr., The Chainsmokers and the founders of eight unicorn companies — Adolfo Babatz (CEO, Clip), Gabriel Braga (CEO, QuintoAndar), Pierpaolo Barbieri (CEO, Uala), Zac Prince (CEO, BlockFi), Immad Akhund (CEO, Mercury), Pablo Gonzalez (Founder, Bitso), Tom Blomfield (Founder, Monzo Bank), Des Traynor (Founder, Intercom), Bo Jiang (CEO, Lithic).
– The company intends to use the funds to accelerate its launch in Colombia, UK, Europe; scale its proprietary infrastructure to cover more currencies; acquire new talent and accelerate the onboarding of new companies to the platform.

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Banking Finance Financial Services FinTech North America

Clicklease Raises $63M in Series A Funding

– Clicklease is a Salt Lake City, UT-based fintech company providing payment solutions in the commercial equipment space.
– Company raised $63m in Series A funding.
– The round was led by Sandlot Partners.
– The new investment will be aimed at accelerating investment in technology, expanding the team and improving the products to create the best experience for customers and its equipment selling partners.

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B2B Banking Financial Services FinTech Latin America Payments

Brazilian fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks

– Brazilian digital lender Cora raised $116m in Series B funding.
– The round was led by Greenoaks Capital and joined by Tiger Global and Tencent.
– Existing backers Kaszek, QED and Ribbit Capital also participated.
– The company declined to comment on valuation.

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Banking Financial Services FinTech North America Software

One Raises $40M in Series B Funding

– One is a financial technology company which provides families and individuals with an account combining saving, spending, sharing, budgeting, and borrowing.
– The company raised $40m in Series B funding.
– The round was led by Progressive Investment Company and attracted new investor – Obvious Ventures as well as existing investors Foundation Capital and Core Innovation Capital.
– The new investment will be aimed at scaling the internal team and expanding its product offerings.

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Banking Enterprise Software Financial Services FinTech Mobile Mobile Payments North America Payments Productivity Tools Retail Technology Software

Branch Secures Over $540 Million to Accelerate Flexible Workforce Payments

– Branch, which helps businesses accelerate payments to empower working Americans, announced it has raised over $540m to fuel its momentum in delivering flexible workforce payments.
Addition led the closing of a $48m Series B funding round with participation from Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures, and HR Tech Investments, a subsidiary of Recruit Holdings Co., Ltd., among other investors.
– The company has also secured $500m in purchased assets from funds managed by Neuberger Berman.
– With over 300% growth year over year, Branch will use the funding to deliver faster payments and inclusive financial services to W-2 and 1099 workforces through partnerships with employers, gig platforms, staffing companies, and other businesses.

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Apps Banking Financial Services FinTech Latin America Personal Finance

Ualà Raises $350M in Series D, Valued at 2.45 Billion

– Ualá, a Buenos Aires, Argentine-based fintech company, raised $350M in Series D funding.
– The round was led by SoftBank Latin America Fund and Tencent with participation from funds managed by Soros Fund Management LLC, funds managed by Goldman Sachs Asset Management, LP, Ribbit Capital, Greyhound Capital, Monashees, Endeavor Catalyst, D1 Capital Partners, 166 2nd, along with angel investors such as Jacqueline Reses and Isaac Lee.
– The company, which reached a valuation of $USD2.45b, intends to use the funds to expand operations, with plans to have a team of 1,500 employees by the end 2021, and its business reach, developing new business verticals, providing innovation and technological development in Latin America.

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Banking Debit Cards Financial Services FinTech North America

Chime Raises $750M in Funding

– Chime is a San Francisco, CA-based fintech company which provides mobile banking services via regional banks.
– The company raised $750m in funding.
– The round was led by Sequoia Capital Global Equities and attracted new investor – SoftBank’s Vision Fund 2 as well as existing investors General Atlantic, Tiger Global and Dragoneer Investment Group.
– The new investment will be aimed at expanding the company’s business reach.

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Banking Consulting Financial Services South Asia Wealth Management

Nubank co-leads $45 million investment in Indian neobank Jupiter

– Jupiter, a neobank for consumers in India, raised $45m funding.
– The round was led by Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India.
Mirae Assets Venture also joined the round.
– The startup has built a number of products, including a savings account bundled with features that aim to simplify money management.
– The platform, which positions itself as a “100% digital bank,” also offers the ability to buy now and pay later on UPI, a standard developed by a coalition of banks in India that has become the most popular way people in the country transact online.
– In about a month, the startup plans to launch to the public.

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Banking Financial Services FinTech North Africa and the Middle East Payments Transaction Processing

TenureX Raises $5M in Seed Funding

– TenureX from Tel Aviv develops a SaaS based corresponding banking platform.
– The company raised $5m in seed funding.
– The round was led by Fintop Capital with participation from Chris Adelsbach, Jason Henrichs, Nissim Bar-El, Tom Brown, Rob Frohwein, Kathryn Petralia, Jonathan Ebinger, Ehud Arad, and Roman Regelman.
– TenureX plans to use the funds to further accelerate its network growth and add more members to the network.

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Banking Blockchain Cryptocurrency FinTech Payments Southeast Asia

Vauld Raises $25M in Series A Funding

– Vauld is a global platform for building wealth with crypto based in Bangalore, India.
– Series A funding of $25m was led by Valar Ventures and attracted Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, Cadenza Capital and others.
– The new investment will be used to build out its team and further its global expansion.

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Banking Financial Services FinTech Information Technology InsurTech North America

Mercury Announces $120M Series B Round

– Mercury, a digital banking outfit targeting startups, has raised $120m at a $1.62bn valuation in a Series B funding round.
Coatue led the round, with participation from Andreessen Horowitz, CRV, Sapphire Venture and a host of angels.
– Mercury is building banking for startups. The company wants to power the next generation that will shape American industry.

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Apps Banking Credit Cards North America Payments Software

HIHello Raises $7.5M in Series A Funding

– HiHello, a Palo Alto CA-based digital business card platform, raised $7.5M in Series A funding.
– The round was led by Foundry Group, with participation from Lux Capital, August Capital, Manu Kumar (Co-founder and Chief Executive Officer of HiHello), and the co-founders of Lyft, Everlaw, Auth0, Path/June, and Military.com.
– The company intends to use the funds to continue to grow its team and expand its business platform to support companies of all sizes.

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Banking Blockchain Crowdfunding Cryptocurrency Financial Services FinTech North America

Prime Trust Raises $64M Series A

– Prime Trust, a one-stop shop for financial infrastructure for fintech innovators, closed its $64m Series A round.
– Led by Mercato Partners, the round also includes Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, STCAP, s20 Capital, Seven Peaks Ventures, Diverse Angels, University Growth Fund and Nevcaut Ventures.
– Prime Trust is a one-stop-shop for financial infrastructure for fintech and digital asset innovators. They offer core financial service APIs and plug and play widgets that allow companies to launch quickly and scale securely.

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Asset Management Banking Financial Services FinTech North America

iCapital Network® Raises $440 Million in Latest Funding Round to Enhance Client Offerings

– iCapital Network1 raised $440m to fuel continued client success.
– The company will use the proceeds from the capital raise to enhance its platform technology, expand the breadth of strategies and product types on its alternative investment menu, and pursue strategic acquisitions that will broaden its client capabilities.
– iCapital’s growth is driven by a commitment from financial advisors to provide a diverse set of quality private market investment opportunities to meet accelerating appetite from their high-net-worth clients.
– This increased demand for alternatives is driven by the limited opportunities of shrinking public markets, a prolonged low interest rate environment, and investors’ desire for an expanded set of investment opportunities to provide portfolio diversification and counterbalance persistent market volatility.

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Banking Financial Services FinTech Payments Western Europe

Zilch Raises Additional $110M in Funding

– Zilch, a London, UK-based buy now, pay later lender, raised $110M of debt and equity funding as part of an extended Series B round.
– Funding came from Goldman Sachs Asset Management and DMG Ventures (the venture capital arm of the Daily Mail and General Trust plc) and others.
– The company intends to use the funds to accelerate plans to launch in the US and continue to grow in the UK.

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Banking Financial Services FinTech Payments Western Europe

Soldo Closes $180M Series C Funding

– Soldo from London is a pay and spend automation platform provider.
– The company closed a $180m Series C funding.
– The round was led by Temasek with participation from new investors Sunley House Capital, Advent International’s crossover fund, Citi Ventures and existing backers Accel, Battery Ventures, Dawn Capital, as well as Silicon Valley Bank for debt financing.
– The new investment will be used to accelerate the company’s international expansion and product development.

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Accounting Banking Developer APIs Financial Services FinTech Mobile Payments North America Payments

Dwolla Raises $21M in Funding

– Dwolla is a Des Moines, Iowa-based modern payments platform provider.
– Company raised $21m in funding.
– The round was led by Foundry Group with participation from Park West Asset Management LLC, Union Square Ventures, Detroit Venture Partners, Firebrand Ventures and Next Level Ventures, and Jeremy Andrus, CEO of Traeger.
– The new investment will be used to conduct growth initiatives with international payments, expansive partner relationships through a partner API and further accelerate its product roadmap focused on a real-time payments experience.

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Angel Investment Banking Financial Exchanges Financial Services FinTech North America

Titan, a platform aimed at the ‘everyday investor,’ valued at $450M as a16z leads $58M Series B

– Titan, a startup that is building a retail investment management platform aimed at the new generation of “everyday investors,” has closed on $58m in a Series B round led by Andreessen Horowitz.
– The financing comes just over five months after Titan raised $12.5m in a Series A round led by General Catalyst, and brings the startup’s total raised since its 2017 inception to $75m. It values the company at $450m.
General Catalyst also put money in the Series B round, along with BoxGroup, Ashton Kutcher’s Sound Ventures and a group of professional athletes and celebrities including Odell Beckham Jr., Kevin Durant, Jared Leto and Will Smith.

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Banking Credit Cards Debit Cards Financial Services FinTech Latin America

Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico

– Klar, a leading digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services in Mexico, announced its Series B funding round, subject to applicable regulatory approvals, including clearance of the Mexican Banking and Securities Commission (CNBV) and the Mexican Economic Competition Commission (COFECE).
General Atlantic, a leading global growth equity firm, led the round with participation from existing investors Prosus Ventures, Quona Capital, Mouro Capital, International Finance Corporation and WTI.
– The funding will be used to strengthen Klar’s efforts to broaden access to consumer credit as Mexico’s transition to a digital economy accelerates through product and proprietary technology expansion.
– Founded in 2019, Klar’s vision is to become the primary financial services platform of its users by offering a full suite of products.

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Banking Financial Services FinTech Lending North America Predictive Analytics

Community Capital Technology Raises $2.6M in Seed Funding

– Community Capital Technology Inc. is a New York-based enterprise loan transactions marketplace and business intelligence platform.
– The company raised $2.6m in seed funding.
– The round was led by Naples Technology Ventures, with participation from 412 Venture Fund and Allegheny Financial Group, as well as fintech entrepreneurs and angel investors.
– The company intends to use the funds to extend the capabilities of its platform, advance product innovation, expand operations, and further build its sales and transactions teams.

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Banking Developer APIs Finance Financial Services FinTech Payments Software Western Europe

Railsbank Raises USD$70M in Funding

– Railsbank, a London, UK-based embedded finance platform provider, raised USD$70m in its latest funding round.
– The round was led by Anthos Capital with participation from Central Capital (VC arm of Indonesia’s largest privately held bank), Cohen and Company (the founder of Bancorp), and Chris Adelsbach’s new fund Outrun Ventures.
– The company will use the funds to further expand its various Embedded Finance products (Banking as a Service, Cards as a Service, and Credit as a Service) across Europe, Asia Pacific and North America.

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Banking Customer Service Financial Services FinTech Mobile Payments Western Europe

Revolut Raises $800M in Series E; Valued at $33 Billion

– Revolut provides a global financial app for people and businesses.
– The company raised $800m in Series E funding round, which valued the business at $33b.
– Backers included new investors SoftBank Vision Fund 2 and Tiger Global Management.
– The company intends to use the funds for ongoing product innovation aimed at meeting customers’ everyday financial needs, such as global transfers, management of savings and insurance, and trading, expansion of its offering to US customers, and entry to India and other international markets.

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Banking Financial Services FinTech Information Technology Latin America Lending Payments

Dinie, Brazil’s Pioneer API-First Embedded Lending Fintech Raises USD $3.8 Million in Seed Round

– Dinie, Brazil’s pioneer API-first embedded finance fintech, announced a USD $3.8m seed round led by Accion Venture Lab and K50 Ventures, with participation from Flourish Ventures, Domo Invest and Tribe Capital amongst other funds, and several individuals from successful companies including Bill.com, Divvy, and more.
– The company also announced that it has concluded its own securitization structure securing a further USD $20m in debt financing capacity from Empirica Investimentos, a local structured debt investor, with a portfolio under management of USD $1bn.

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Banking Credit Financial Services FinTech Mobile Apps Western Europe

Tide Raises $100M in Series C Funding

– Tide from London, UK provides a business financial platform that offers business accounts and related banking services, as well as a comprehensive set of software solutions.
– The company raised $100m in Series C funding.
– The round was led by funds advised by Apax Digital, the growth equity team of Apax Partners, with participation from existing investors Anthemis, Augmentum, Jigsaw, Local Globe / Latitude, SBI, and SpeedInvest.
– The new investment will be used to continue to develop their business financial platform, grow their market share and expand globally.

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Banking Finance Financial Services FinTech Western Europe

Moneyhub Raises $18M in Total Funding

– Moneyhub from Briston UK develops open finance data, intelligence and payments platform.
– Series A $18m funding round led by Sir Peter Wood via a newly formed investment vehicle SPWOne.
– The company intends to use the funds to accelerate the growth of its offerings and the rapid expansion into new markets and wider industry sectors, including wealth, insurance and retail.

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Banking North America

Verdigris Closes Strategic B-Round

– Verdigris Holdings Inc. closed a strategic B funding round of undisclosed amount.
– Backers include Sterling National Bank, FIFO Capital, and Tom Ricketts, founder of Incapital, now InspereX, and chairman of the Chicago Cubs.
– The company intends to use the funds to add to its technical, sales and operations headcount and grow its product and feature offerings for both non-bank and community bank customers.

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Banking Financial Services FinTech Lending North America Predictive Analytics

Community Capital Fuels Continued Growth with $2.6 Million Series Seed Financing

– Community Capital Technology Inc. (“Community Capital”), an enterprise loan transactions marketplace and business intelligence platform, announced it has closed a $2.6 million Series Seed financing.
– The round was anchored by Naples Technology Ventures, an early-stage venture capital fund located in Naples, Florida. Also participating in the funding round were Pittsburgh-based 412 Venture Fund and Allegheny Financial Group, as well as several other new and returning fintech angel investors and seasoned entrepreneurs.
– The Company will deploy the funding to extend the capabilities of its platform, advance product innovation, expand operations, and further build its sales and transactions teams – all with an eye toward scaling major new strategic partnerships, further accelerating growth, and reinforcing the firm’s digital leadership in the secondary loan trading and participations markets.

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Banking Finance Financial Services FinTech Western Europe

Juni Raises $21.5M in Series A Funding

– Juni is a Gothenburg, Sweden-based financial companion for e-commerce entrepreneurs.
– The company raised $21.5m in Series A funding.
– The round was led by partners of DST Global, Felix Capital, Cherry Ventures and other early investors.
– The new investment will be used to focus on product development and recruiting.

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