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Billing Cloud Computing Enterprise Software SaaS Software Western Europe

Billogram, provider of a payments platform specifically for recurring billing, raises $45M

– Billogram, a recurring billing platform, raised $45m in funding.
– The round was led by Partech and will be used to help the Stockholm-based startup expand from its current base in Sweden to six more markets, including Germany, Norway, Finland, Ireland, France, Spain and Italy.
– The company got its start working with SMBs in 2011 but pivoted some years later to working with larger enterprises, which make up the majority of its business today.
– It’s not surprising to see Stripe and others wanting to move in the area of more complex, recurring billing services.

Billing Cloud Computing Enterprise Software North America SaaS Subscription Service

Aria Systems Secures $90 Million in Growth Capital from Goldman Sachs Asset Management

– Aria Systems has secured a $90m investment.
– The capital will be used to accelerate global business expansion and deepen Aria’s penetration in strategic target markets, including the telecommunications, technology, financial services, and media and publishing industries.
– Aria continues to enjoy strong momentum and growth with new and existing clients, partnerships, and platform capabilities.

Accounting Billing FinTech North America Payments Small and Medium Businesses Software

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

FreshBooks, a cloud accounting software company, raised $80.75m in Series E funding, as well as $50 million in debt financing.
With the new capital injection, FreshBooks has now raised a total of more than $200m in funding over its lifetime.
FreshBooks was started to solve a pain point for one of its founders. In 2003, FreshBookscofounder Mike McDerment was running a small design agency. When it came to billing clients, he found Word and Excel frustrating to use and felt like they werent built to create professionallooking invoices. So he coded his own solution that became the foundation of what is now FreshBooks.

Billing Financial Services North Africa and the Middle East Payments

Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation

– Tabby, a buy now, pay later solution, raised $50m in Series B funding.
– The round was led by Global Founders Capital and STV, with participation from Delivery Hero and CCVA.
– Existing investors, including Arbor Ventures, Mubadala Investment Capital and others also participated.
– The company plans to use the funding to expand its operations in the region.

B2B Billing FinTech North America Payments

Paystand Raises $50M Series C to Build the Future of Commercial Finance

– Paystand, the blockchain-enabled payment network for business, announced its $50 million Series C round of funding led by NewView Capital with participation from SoftBank’s Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital.
– This new round nearly doubles the funding Paystand raised in prior rounds and reflects the company’s triple-digit growth as it leads the movement for an open commercial finance system.
– Paystand will use this new capital to invest in redefining B2B payments to accelerate the shift to a more business-centric payment infrastructure.
– With the funding, Jazmin Medina of NewView Capital will join the board.

Billing Cloud Data Services CRM Enterprise Software Marketing North America Point of Sale SaaS Scheduling Software

Zenoti Raises $80M Investment from TPG

– Zenoti from Bellevue develops a software platform for salon and spa businesses.
– Series D funding round was led by TPG with participation of previous investors – Battery Ventures, First Round Capital, and Madrona Venture Group.
– The new investment increases company valuation to almost $1.5b.
– The company intends to use the funds to continue to expand its platform through forthcoming M&A, while providing some liquidity to its employees.

Billing Finance Financial Services FinTech North America Personal Finance

Personal Finance App Company Truebill Raises $45 Million

– Truebill is a personal finance app.
– The company raised $45m in Series D funding.
Accel led the round and joined by Bessemer Venture Partners, Cota Capital, and Eldridge Industries.
– The company plans to expand its platform of financial management tools to give users more visibility and control of their money than before.

B2B Billing E-Commerce FinTech North America Payments

Affirm spinout Resolve raises $60M for its B2B ‘buy now, pay later’ platform

– Resolve, a San Francisco-based startup in the space specializing in “buy now, pay later” capabilities for B2B transactions, announced that it has raised $60m funding.
Initialized Capital led the round — the company’s first funding since its 2019 inception.
KSD Capital, Haystack VC, Commerce Ventures, Clocktower Ventures and others also participated.
– The funding is a combination of equity and asset funding according to co-founder and CEO Chris Tsai, although he declined to reveal the breakdown.
– Since launching as a spinout from Affirm in 2019, Resolve says it has seen “overwhelming” demand for its B2B buy now, pay later (BNPL) billing offering for business purchases.

Apps Billing FinTech Mobile Payments North America Personal Finance

Splitwise Raises $20MM in Series A Funding led by Insight Partners

– Splitwise, a leading interpersonal finance app for sharing expenses with friends and family, announced today they have raised $20MM in Series A funding led by global venture capital and private equity firm, Insight Partners.
– Splitwise will use the funding to grow its team, accelerate global customer growth, and create new partnerships with fintech and financial services platforms.
– Splitwise was originally designed for roommates and couples to share bills and household expenses. The app, which allows users to track balances and organize payments, is also popular for group travelers, allowing them to effectively split costs accrued over a trip.
– As of April 2021, over $90B dollars in total transactions had been split on the Splitwise platform.

Billing FinTech Health Care Medical North America Payments

Cedar Completes $200M Series D Funding

– Cedar Completes $200M Series D Funding
– The round was led by Tiger Global Management, bringing the company’s valuation to $3.2 billion.
– The company, which boasts more than $350 million in total funding to date, will use the new capital to continue meeting skyrocketing demand for the exceptional, patient-centric digital health experiences provided through its platform.
– Existing investors Andreessen Horowitz (a16z), Thrive Capital and Concord Health Partners also participated in the round.

Analytics Billing Financial Services FinTech North America Software

Digital Engagement Platform Symend Raises $43 Million Series B Extension

– Symend is a digital engagement platform.
– The company raised $43m in Series B+ funding.
– The round was led by Inovia Capital with participation from a consortium of investors, bringing Symend’s total funding to date to over $100m.
– Symend has rapidly accelerated recruitment, growing from 50 people to over 225 in 2020 and expects to double in size in 2021.

Billing Europe Financial Services FinTech Payments

Billhop Raises €4M in Series A Funding

– Billhop, a Stockholm, Sweden-based payment platform that enables businesses to pay invoices by credit card, raised €4M in Series A funding.
– The round was led by Element Ventures.
– The company intends to use the funds to further develop the product and to strengthen sales, marketing and customer support functions.

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