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Blockchain Cryptocurrency Eastern Asia FinTech

Crypto asset management platform Cobo bags $40M Series B

– Cobo, a Singapore-based crypto asset management platform, raised $40m in Series B funding.
– The round was co-led by DST Global, A&T Capital and IMO Ventures.
– The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing custody services such as wallet as a service (WaaS), trading and staking as a service (StaaS).
– The funding will also be used to apply for regulatory licenses to ensure strict compliance to the relevant anti-money laundering (AML) and counter the financing of terrorism (CFT) requirements.
– Amid the growing interest for cryptocurrencies among Asian investors, institutional investors and retail investors are seeking diversification options to hedge against inflation and other risks, the company said in its statement.

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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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B2B Consumer Financial Services FinTech Payments Southeast Asia

Spenmo Raises US$34M in Series A Funding

– Spenmo, a Singapore-based provider of payments software for growing businesses, raised a US$34M Series A funding.
– The round was led by New York-based private equity and venture capital firm Insight Partners with participation from Lee Fixel’s Addition, Salesforce Ventures, Alpha JWC, Global Founders’ Capital, Broadhaven, Operator Partners and Commerce Ventures, and angel investors such as William Hockey (Founder of Plaid), Reuben Lai (Senior MD, Grab Financial Group) and Ongki Kurniawan (Head of Stripe Indonesia, Ex-Head of Grab Indonesia).
– After its launch in Singapore last year, Spenmo has since expanded across Southeast Asia and has thousands of customers from various sectors, including high-growth startups, SMBs, mid-market companies, and accounting firms.

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Financial Services FinTech Social Impact Sustainability Western Europe

Doconomy Raises $17M in Funding

– Doconomy from Stockholm develops a global climate impact technology company.
– Series D $17M round was led by CommerzVentures with participation from existing investors such as Mastercard, Wiklöf Holding and Ålandsbanken.
– The company intends to use the funds to accelerate continued expansion, support the further development of its impact applied portfolio; enabling impact calculations on transactions, lifestyle, products and companies of all shapes and sizes, and recruit new hires.

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FinTech North America Real Estate

Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

– Bilt Rewards, a loyalty program for property renters to earn points on rent with no fees and build a path toward homeownership, announced a round of $60 million in growth funding that values the company at $350 million.
– The investment comes from Wells Fargo and Mastercard and a group of the nation’s largest real estate owners, including Blackstone Group, AvalonBay Communities, Douglas Elliman, Equity Residential, GID-Windsor Communities, LENx, The Moinian Group, Morgan Properties, Starwood Capital Group and Related.

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Bitcoin Blockchain Cryptocurrency Ethereum Financial Exchanges Financial Services FinTech North America

Portal Raises $8.5M From Coinbase Ventures and Other Investors to Bring Bitcoin-based DeFi to the Masses

– Portal is a self-hosted Layer 2 wallet and true cross-chain DEX on Bitcoin that makes atomic swaps between Bitcoin and other digital assets fast, secure, and private.
– Company announced the closing of an $8.5 million funding round to build a self-sovereign and uncensorable DeFi on Bitcoin.
– Portal offers the speed and liquidity of centralized platforms with the trust minimization guarantees of Bitcoin. From spot markets to options, p2p lending and borrowing, all using on-chain, peer to peer contracts and without third party custody or control, Portal unlocks Bitcoin’s potential to actually decentralize finance.
– Portal is built on top of its Layer 2 and Layer 3 technology, called Fabric, which is an open-source toolbox for deploying censorship-resistant layers on top of the Bitcoin base layer. Fabric enables the completely private, off-chain execution of “smart contracts” for asset issuance, P2P swaps, staking, liquidity, derivatives, and more.

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Australia and Oceania Finance Financial Services FinTech Payments

Airwallex Raised US$200 Million Series E Funding Round Led by Lone Pine Capital

– Airwallex announced it has raised US$200m in an oversubscribed Series E financing round, increasing the company’s valuation to US$4b.
– This latest investment follows an extended Series D capital raise earlier this year in March, cementing Airwallex’s position as one of the fastest growing unicorns amid an unprecedented business environment affected by COVID.
– The investment will support Airwallex’s global expansion and enable the company to accelerate multiple product development initiatives across its five engineering hubs, grow its sales and commercial teams and increase its breadth of offerings for SMEs and larger enterprises operating in the digital economy.

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Financial Services FinTech Internet North America Personal Finance

Self Financial Raises $50M in Series E Funding

– Self Financial from Austin, TX, enables consumers to build credit and savings.
– The company raised $50m in Series E funding.
– The round was led by Altos Ventures with participation from Meritech Capital and Conductive Ventures.
– The new investment will be aimed at further scaling the business to make building credit accessible for Americans.

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Bitcoin Blockchain Compliance Financial Services FinTech Western Europe

Coinfirm Raises $8M in Series A Funding

– Coinfirm is a London, UK-based global leader in RegTech for digital currencies and the blockchain-based financial ecosystem.
– The company closed an USD8m Series A funding.
– The round was co-led by Six Fintech Ventures, the corporate venture arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
– The new investment will be aimed at continuing the company’s growth trajectory in the EU, expanding its offering to the Asian and US markets, and strengthening the enterprise and financial institution offering.

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Cryptocurrency Financial Services FinTech North America

Floating Point Group Raises $10M in Series A Funding

– Floating Point Group, a Hoboken, N.J.-based, MIT-born provider of a platform that simplifies the backend operations for investors to deploy cryptocurrency-centric strategies at scale, raised $10m in Series A funding.
– Backers included Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, and Pythagorus Investments.
– The company intends to use the funds to grow its existing U.S. based software engineering staff and expand to new markets.

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Finance FinTech Insurance InsurTech North America Software

Ascend raises $5.5M to provide a BNPL option for commercial insurance

– Ascend, a payments platform for insurance companies, raised $5.5m in seed funding.
– The round was led by First Round Capital and joined by Susa Ventures, FirstMark Capital, Box Group and a group of angel investors.
– The company is live in 20 states.
– It offers point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments.

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Financial Services FinTech Information Technology Payments South Asia

Asian merchant commerce platform Pine Labs raises $100 million

– Pine Labs, a merchant commerce platform, raised $100m funding.
– The round was led by Invesco Developing Markets Fund.
– The startup is looking to file for an initial public offering within two years.

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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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Finance Financial Services FinTech North America

Neo Financial announces $64 million Series B raise to accelerate growth

– Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, announced their $64 million Series B fundraising round.
– This brings Neo’s total funding to $114 million CAD, with Valar Ventures leading both Series A and B rounds.
– With this latest capital raise, Neo will continue to grow its team from both Calgary and Winnipeg, and focus on launching new integrated fintech partnerships with retailers – a significant gap that’s underserved by incumbent banks. They will also be going beyond just ‘spending and saving’ to innovate and launch new products and features across the entire journey of Canadians’ financial lives.

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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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Financial Services FinTech Insurance North America SaaS

Peach Finance Secures $20 Million in Series A Funding Led by Canapi Ventures

– Peach Finance raised $20m in Series A funding.
Canapi Ventures led the round with participation from existing and new investors, SciFi VC, Caffeinated Capital, Nyca Partners and Moore Specialty Credit.
– The funding will support Peach’s continued expansion within the massive and growing loan management and servicing market, including through new credit product launches, customer growth initiatives and increased hiring.
Peach is the first all-in-one SaaS platform addressing the full range of evolving needs of fintech companies and established financial institutions like banks and credit unions through its loan management, servicing and Compliance Guard™ product offerings.
– Peach’s third-generation system places an emphasis on maximum configurability and superior borrower and customer service experiences, features that are increasingly demanded by digital lenders and expected by today’s consumers.

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E-Commerce Financial Services FinTech North America

Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

– SellersFunding secured $166.5m in a combination of Series A equity funding and a credit facility.
Northzone led the round and was joined by Endeavor Catalyst and Fasanara.
– The company created a digital platform that delivers financial tools and resources to streamline global commerce for thousands of marketplaces, including working capital, cross-border cash management, tax solutions and business valuation.
– The company has consistently grown 300% year over year.

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Financial Services FinTech Logistics Western Europe

Vector.ai’s productivity platform for freight forwarders raises $15M A round led by Bessemer

– Vector.ai, a freight forwarding platform, raised $15m in Series A funding.
– The round was led by Bessemer Venture Partners and joined by existing investors Dynamo Ventures and Episode 1.
– The company plans to accelerate its international expansion plans as an automated system for freight forwarders.

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Blockchain Cryptocurrency Developer APIs Developer Platform FinTech North America Software

Amberdata Raises $15M Series A Led by Citi

– Amberdata announced it has raised $15 Million Series A led by Citi.
Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, and executives at GoldenTree Asset Management also participated in the capital raise.
– Amberdata will use the funds to double R&D headcount and expand go-to-market both in the United States and internationally.

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B2B Financial Services FinTech North America Payments

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

– Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250m, tripling the company’s valuation to $4bn since January 2021.
– The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested in the round, along with existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude.
– The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.

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Financial Services FinTech Western Europe

MODIFI Valuation Increases to $120M as Global Fintech Company Raises $24M in Equity

– MODIFI announced $24M in funding, which brings its valuation to more than $120M.
– The round was led by Heliad Equity Partners with a co-investment from Neva SGR, the venture capital investment vehicle of Italy’s leading banking group Intesa San Paolo.
– Existing investors also participated significantly, including Global Founders Capital, Maersk Growth, and Picus Capital.
– The funds will be used to grow MODIFI’s digital trade finance platform for SMBs (small-to-medium businesses) into a global trade management hub.

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FinTech Information Technology Internet North America Software

Paperstack Secures Undisclosed Funding

– Paperstack is a FinTech company based in Toronto, Canada.
– The company raised an undisclosed amount in funding.
– Backers included prominent Canadian angel investors, repeat entrepreneurs, executives and employees from Canada’s technology unicorns, as well as CPA accountants and corporate lawyers.
– The new investment will be used to continue to expand operations and its development efforts to develop and take the product to the market.

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Financial Services FinTech Identity Management Software Western Europe

PassFort Secures $16.2M in Series A Funding

– PassFort is a London, UK-based SaaS RegTech platform.
– The company raised 16.2m USD in Series A funding.
– The round was led by Level Equity, with participation from existing investors OpenOcean, Episode 1 and Entrepreneur First. $4.89m worth of venture debt was also provided by Shard Credit Partners.
– The new investment will be used to expand the company’s global growth plans.

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Consumer Applications FinTech Mobile Apps North America Personal Finance

MaxRewards banks $3M to reveal best payment methods that reap the most rewards

– MaxRewards, a digital wallet app that manages credit cards and automatically activates benefits like rewards, cashback offers and monthly credits, raised $3m in seed funding.
– The round was co-led by Dundee Venture Capital and Calano Ventures.
– Other investors include Techstars, Fintech Ventures Fund, Service Provider Capital and Fleetcor president Nick Izquierdo.

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Financial Services FinTech North America

Wisetack Raises $45M in Series B Funding

– Wisetack is a San Francisco, CA-based technology company that brings buy now, pay later to in-person services like home and auto repair.
– Company raised $45M in Series B funding.
– The round was led by Insight Partners, with participation from existing investors Greylock Partners and Bain Capital Ventures.
– The new investment will be used to accelerate the company’s growth, including supporting further expansion into verticals such as auto repair, elective medical, dental and veterinary, legal services, and more.

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Financial Services FinTech Lending Mobile Apps North America

Nuula raises $120M to build out a financial services ‘super app’ aimed at SMBs

– Canadian startup Nuula raised $120m in funding.
– The round was led by Edison Partners and Credit Group of Ares Management.
– The company plans to launch its app and first product, a line of credit for its users.
– Nuula is aiming to build a super app to provide a range of financial services to small and medium businesses.

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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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Finance Financial Services FinTech Insurance InsurTech Western Europe

UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

– Marshmallow, a U.K.-based car insurance provider, raised $85m in a new round of funding.
– The company is valued at $1.25bn.
– The plan now is to deepen its relationships with customers, in part by providing more engagement to make them better drivers, but also potentially selling more services to them, too.
– The average age of Marshmallow’s customers is 20 to 40.

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Credit Cards Education Financial Services FinTech Lending South Asia

Study abroad platform Leap raises $ 55 million in Series C round led by Owl Ventures

– Leap raised $55m in Series C funding.
– The round was led by Owl Ventures.
– It also saw participation from Harvard Management Company, Inc, along with returning investors Jungle Ventures and Sequoia Capital India.
– Leap is building the infrastructure to enable students to pursue international higher education. It runs a million-member strong community of international study aspirants in South Asia and has helped over 60,000 students in their study abroad journey over the last 18 months.

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Finance Financial Services FinTech Latin America

Addi Raises $140M in Series B Extension Funding

– Addi is a fintech and digital commerce startup based in Bogota, Colombia, and Sao Paulo, Brazil.
– Company raised $75m in extension Series B funding.
– The round was led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz, Citius VC, Endeavor Catalyst, Foundation Capital, Monashees, and Quona Capital. Union Square’s Opportunity Fund also participated in the round.
– The company will use the funds to continue to scale its current operations in Brazil and Colombia, expand into Mexico in early 2022, enhance its BNPL offering while allowing customers and merchants to pay in new ways through its platform and its app, which launches later this month.

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Consumer Software Financial Services FinTech Insurance Insurance Property North America Real Estate

Jetty raises $23M to help give renters more payment flexibility

– Jetty, a fintech company which aims to give renters flexibility when paying rent, has raised $23m in a funding round co-led by Citi and Flourish Ventures.
– The financing brings Jetty’s total raised since its 2016 inception to $78m.
– Other investors participating in the latest growth round include Credit Ease and K5.
– The 100-person New York City-based startup has come up with a way to help renters make rent on time with an offering that resembles the “buy now, pay later” (BNPL) model that is increasingly used by consumers at the point of sale, online and in person.

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Financial Services FinTech Mobile Payments Sub-Saharan Africa Transaction Processing

Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

– Wave, a U.S. and Senegal-based mobile money provider, raised $200m in Series A funding.
– The investment is the largest-ever Series A round for the region, and it values Wave at $1.7bn.
– The round was led by Sequoia Heritage, an endowment-style fund and a separate entity that operates independently under the Sequoia brand; Founders Fund; payments giant Stripe; and Ribbit Capital.
– Other investors include Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI.

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Central-Eastern Europe Financial Services FinTech Lending

Financial comparison “super app” Jeff raises $1.5M seed extension

– Jeff App, a fintech startup, raised $1.5m in seed extension funding.
– The funding was led by J12 Ventures and joined by iSeed Ventures and Toy Ventures, and returning investors EstBAN, Startup Wise Guys and other angels.
– The company claims that since the end of January, its users have tripled to 700,000, who compared a total of four million products over the past six months.

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Blockchain Cryptocurrency FinTech Information Technology North America Software

SIMBA Chain Raises $25 Million in Series A Funding

– SIMBA Chain closed a $25m Series A funding round led by Valley Capital Partners.
– The round received additional participation from the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School Venture Fund, and individuals affiliated with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook, SpaceX, Gap, Estee Lauder, AppLovin, Microsoft, Moelis & Company, Stanford University, the Golden State Warriors, the founders of Lightspeed Venture Partners and New Enterprise Associates and other individual investors.
– SIMBA Chain offers a simple, time and energy efficient method for deploying blockchain technology in the most secure and complex environments.

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FinTech Intellectual Property North America Property Management Real Estate Software

HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges

– HomeLight, a real estate technology platform, secured $263m in debt financing.
– The financing was led by Zeev Ventures and joined by Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund.
– The financing brings HomeLight’s valuation to $1.6 billion.
– The company plans to triple its revenue to over $300 million in 2021.

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Auto Insurance Commercial Insurance FinTech Health Insurance Insurance InsurTech Predictive Analytics Property Insurance Southeast Asia

Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

– Sunday, an insurtech startup based in Bangkok, announced it has raised a $45m Series B.
– Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital.
– The company says the round was oversubscribed, and that it doubled its revenue growth in 2020.
– Founded in 2017, Sunday describes itself as a “full-stack” insurtech, which means it handles everything from underwriting to distribution of its policies.
– Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers.
– Sunday also offers subscription-based smartphone plans through partners.

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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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Education Financial Services FinTech North America Personal Finance

Goodcall Raises $4M in Seed Funding

– Goodcall is a conversational AI platform for local restaurants, shops, and merchants across the U.S.
– The company raised $4m in seed funding.
– The round was led by strategic investors Neo and Foothill Ventures (early investor in Zoom), Merus Capital, Xoogler Ventures, Verissimo Ventures, VSC Ventures, Harry Hurst, founder/co-CEO of Pipe.com, Spencer Rascoff, co-founder of Zillow and other angels.
– The new investment will be used to expand the company’s business reach.

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Financial Services FinTech North Africa and the Middle East Payments

PayEm Raises $27M In Funding

– PayEm is a Tel Aviv, Israel-based global spend and procurement platform for high-growth and multinational organizations.
– The company raised $27M in funding.
– The round consists of a $7M seed funding round led by Pitango First and NFX with participation by LocalGlobe and Fresh Fund, followed by a $20M Series A led by Glilot+, the early growth fund of Glilot Capital Partners.

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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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Blockchain FinTech Internet Marketplace North America

Skeps announces $9.5 million Series A Funding, led by Bertelsmann India Investments

– Skeps, a global Point-Of-Sale (POS) financial technology company announced the close of Series A funding of $9.5 million, led by Bertelsmann India Investments.
– Existing investor Accel also participated in this round.
– The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers.
– Skeps’ platform provides a suite of technology solutions for both merchants and lenders. Merchants can offer financing options ranging from Pay-in-4 to longer-term loans with one simple integration. Banks can use Skeps as their answer to branded BNPL platforms or grow their unsecured lending portfolio.

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Accounting Artificial Intelligence Financial Services FinTech North America

Vic.ai, an AI-powered accounting automation platform, raises $50M

– Vic, a startup developing software to automate accounting and financial processes, announced that it closed a $50m series B financing round with participation from GGV Capital, Cowboy Ventures, and Costanoa Ventures.
– Pivoting away from its initial focus on accounting professionals, Vic says it’ll use the capital to expand its existing enterprise offering as well as build out its financial intelligence engine.

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Consumer Lending Financial Services FinTech North America

VIVA Finance Raises $6.2M in Series A Funding

– Viva Finance is an Atlanta-based fintech company.
– Company raised $6.2M in Series A funding.
– The round was led by undisclosed investors.
– The company intends to use the funds to invest in its team, technology, and marketing to expand its presence across the country.

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Financial Services FinTech Funding Platform North America Software

Hum Capital Raises $9M in Series A Funding

– Hum Capital is a NYC-based AI powered funding platform.
– The company raised $9m in Series A funding.
– The round was led by Future Ventures, with participation from Webb Investment Network, Wavemaker Partners and Partech.
– The new investment will be used to scale the company’s go-to-market operations and onboard new institutional investors onto its Intelligent Capital Market (ICM) platform to expand access to a diverse range of non-dilutive financing products.

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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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Developer APIs Financial Services FinTech North America Trading Platform

Alpaca raises $50M to rapidly scale its API-delivered equities trading business

– Alpaca, a fintech startup, raised $50m in Series B funding.
– The round was led by Tribe Capital and joined by Spark Capital, Portage Ventures, Social Leverage, and Horizons Ventures.
– The company plans to secure 100 partners for its equities trading tech by the end of 2021.

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Accounting Cloud Computing E-Commerce FinTech North America SaaS Small and Medium Businesses Software

Accounting platform Synder raises $2M to automate e-commerce bookkeeping

– Synder raised $2m in seed funding.
– The round was acquired before going into the accelerator program.
– The company bills itself as an easy accounting platform for e-commerce businesses.
– It was originally founded as CloudBusiness in 2016 and developed accounting automation and management of business finances for small and mid-size businesses.
– Synder, in 2018, focused on the company full-time to develop an easy way for commerce companies to shift to omnichannel sales.
– The company is already working with 4,000 clients, and will now be fast-tracking their expansion.

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B2B E-Commerce FinTech North Africa and the Middle East Payments

Balance Raises $25M in Series A Funding

– Balance is a San Francisco, CA-based payments experience platform for B2B eCommerce.
– Company raised $25m in Series A funding.
– The round was led by Ribbit Capital, with participation from Avid Ventures as well as existing investors Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest, and individuals Jacqueline Reses (formerly Head of Square Capital) as well as additional early employees and executives from Square, Plaid, Coinbase, Stripe, and PayPal.
– The new investment will be aimed at expanding the company’s business reach.

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