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Banking Credit Financial Services FinTech Machine Learning North America

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.

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Credit Credit Cards FinTech North America Personal Finance

TomoCredit Raises $10 Million in Series A Funding to Help Build Credit for First Time Borrowers

– TomoCredit, a fintech company offering a credit card focused on building a credit history for first-time borrowers, announced a $10 million Series A funding round led by Kapor Capital and KB Investment, a subsidiary of South Korea’s leading consumer bank.
– The company also appointed Ash Gupta, former CRO at American Express, to the board.

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Credit Financial Services FinTech Payments Western Europe

trustshare Raises £2.3M in Funding

– trustshare is a London UK-based fintech startup building borderless escrow infrastructure.
– The company raised £2.3m in funding.
– The round was led by Nauta Capital.
– The new investment will be used to accelerate growth, develop product’s key features and expand to the U.S.

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Consumer Lending Credit Credit Cards Finance Financial Services FinTech Lending Personal Finance Western Europe

Keebo Raises £5M in Seed Funding

– Keebo is a London, UK-based credit card approved by the FCA which uses open banking data.
– The company raised $5m in seed funding.
– The round was led by Breega and Connect Ventures.
– The new investment will be used to hire new people and continue to develop the platform towards launch.

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Credit Financial Services FinTech North America Software

Esusu Raises $10M in Series A Funding

– Esusu, a Harlem, NY-based financial technology company for rent reporting and data solutions for credit building, raised $10m in Series A funding.
– The round was led by Motley Fool Ventures with participation from Serena Williams, through Serena Ventures, The Equity Alliance, Predictive VC, previous seed round investors Concrete Rose Capital, Impact America Fund, Global Impact Fund, Next Play Ventures, and Zeal Capital Partners, and other angel investors.
– The company intends to use the funds to double down on growth through product innovation, talent recruitment, and building its financial health platform for low to medium-income families.

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B2B Credit Financial Services Loyalty Programs North America Payments Software Transaction Processing

Paystone Adds $30 Million in Funding with Strategic Backing from Crédit Mutuel Equity

– Paystone, a leading payments and integrated software company, secures a $30m investment from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale, one of France’s leading financial institutions.
– The funds will support Paystone’s ambitious growth strategy and further propel its best-in-class electronic payments and customer engagement technology platform.
– Paystone gives businesses the ability to win more customers and drive growth through a fully integrated technology platform, which continues to generate a significant amount of interest in the market with an emphasis on service-oriented verticals.

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Consumer Credit Finance FinTech North America

Dovly Raises $3M in Bridge Funding

– Dovly from Scottsdale, Arizona provides an automated platform that allows consumers to tracks, manages and fixes their credit scores.
– The company raised $3m in bridge funding.
– The round was led by NFX with participation from Fawkes Global, 1984 Ventures and Croghan Investments.
– The new investment will be used to accelerate growth and marketing efforts and to further develop its product offerings.

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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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Credit Finance Financial Services FinTech North America Personal Finance

Kikoff raises $30M for its hybrid consumer-credit and financial-literacy service

– Kikoff, a personal finance platform aimed at helping consumers build credit, announced that it has raised $30m in a Series B round.
– The capital is in addition to the $12.5m the startup raised across previously unannounced seed and Series A rounds, which were both led by Lightspeed Venture Partners.
Portage Ventures led Kikoff’s Series B, which included participation from Lightspeed Venture Partners, GGV, Coatue and Core Innovation Capital. Previous backers of the company include NBA star Steph Curry, Wex CEO Melissa Smith and Teresa Ressel, former CFO of the U.S. Department of the Treasury.

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Accounting Credit FinTech Small and Medium Businesses Southeast Asia

BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

– BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced it has raised a $60 million Series A.
– The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.
– The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs.
– BukuWarung did not disclose its valuation.
– Other participants included returning backers and angel investors like Aldi Haryopratomo, former chief executive officer of payment gateway GoPay, Klarna co-founder Victor Jacobsson and partners from SoftBank and Trihill Capital.

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Credit FinTech Lending North America Software

LenderClose Closes $10M Series B Funding Round

– LenderClose Closes $10M Series B Funding Round.
– The company intends to use the funds to continue to expand operations and its business reach and R&D into process automation.
– Backers included Next Level Ventures, Ardent Credit Union, Strata Credit Union, Tucson Federal Credit Union, Collins Community Credit Union, Financial Plus Credit Union, Serve Credit Union and Ascentra Credit Union.

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Artificial Intelligence Credit Finance Financial Services FinTech North America

Borrowell Raises $25M in Funding

– Borrowell is a Toronto, Canada-based credit education company.
– The company raised $25m in funding.
– The round was led by Kensington Capital Partners, BDC Capital, iA Financial Group and Impact Engine, a Chicago-based social impact-focused investment fund.
– Existing investors Portag3 Ventures, White Star Capital, National Bank of Canada’s NAventures and Equitable Bank also participated with new funding.
– The new funding will be used for the acquisition of Refresh Financial, a provider of credit to underserved Canadians, and to support future growth.

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Credit Finance Financial Services FinTech North America

Financial Health Startup SeedFi Launches and Announces $65 Million in Funding to Help Underserved Americans Build Credit and Savings to Accelerate Their Economic Progress

– Financial health startup SeedFi launched and announced $65m in funding.
– SeedFi is the financial health startup helping Americans build credit, save money, access funds, and plan for the future.
– SeedFi launched in private beta in 2019 to test its products among thousands of Americans and helped its initial customers build more than $500k in savings through the current pandemic.
– After six months of on-time payments, SeedFi customers with no credit history were able to establish a credit score of 600, while customers with existing credit scores and less than three credit accounts increased their scores by 45 points.
Andreessen Horowitz led SeedFi’s $15m Series A round, with participation from Flourish, Core Innovation Capital, and Quiet Capital.
– SeedFi has raised a total of $69m in funding.

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