– 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.

– 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.

– 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.

– 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.

– 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.

– Reali is a real estate and fintech company based in San Mateo, California.
– The company raised $250m in Series D funding.
– The round was led by Zeev Ventures with participation from Akkadian Ventures, Signia Ventures, and others.
– The new investment will be used to accelerate national expansion and product advancements to its Reali Trade-In and Reali Cash Offer services.

– Jenfi, a Singapore-based startup, raised $6.3m in Series A funding.
– The round was led by Monk’s Hill Ventures and joined by Korea Investment Partners, Golden Equator Capital, 8VC, ICU Ventures and Taurus Ventures.
– The company previously raised $25m in debt financing from San Francisco-based Arc Labs.
– Jenfi works primarily with “digital-native” companies, including SaaS providers and e-commerce sellers.
– It claims that the average Jenfi customer experienced compounded sales growth of about 26.5% over three months, 60% over six months and 156% over 12 months.

– MotoRefi, a Washington, DC-based auto fintech startup, raised additional $5m in funding.
– Curql Fund made the investment, which enables MotoRefi to become a Credit Union Service Organization (CUSO).
– For credit union partners, like GreenState Credit Union, MotoRefi provides access to more borrowers, adding to their membership base and enabling them to serve their communities at scale.

– Octane lending has raised $52 million in Series D funding.
– Progressive Investment Company, Inc., a member of the Progressive Insurance ® group, led the round, with participation from existing investors Valar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime and Parkwood as well as new investors Gaingels and ALIVE.
– The new round of financing will further Octane’s mission to connect people with their passion.

– 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.

– 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.

– 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.

– Lendbuzz is an AI-based auto finance platform that helps consumers with thin or no credit history obtain financing when purchasing a car.
– The company has raised $360m in funding.
– This includes: $60 million in Series C equity financing led by Wellington Management joined by Goldman Sachs & Co and MUFG Innovation Partners, as well as existing investors including 83North, Eyal Ofer’s O.G. Tech, Arkin Holdings, Mivtach Shamir and Highsage Ventures, and $300 million in debt financing led by Goldman Sachs Bank USA, joined by Viola Credit.
– The new investment will be aimed at continued business expansion within the U.S.

– Lower from New Albany, OH provides a home finance platform that allows customers to deposit money and save for a home, get a mortgage to buy a home, refinance an existing mortgage, and obtain insurance to protect their home.
– The company raised $100m in Series A funding.
– The round was led by Accel and the company intends to use the funds to expand its product line and accelerate its growth, hiring new people.

– Tesseract from Helsinki is an institutional digital asset lending company in Europe and emerging markets.
– The company raised $25m in Series A funding.
– The round was led by Augmentum Fintech with participation from Icebreaker.vc, BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute and Woorton as well as undisclosed local and international investors and strategic angels.
– The new investment will be used to develop the company’s institutional offerings and cross-trading venue margin lending platform even further, hire new talent to develop new and existing partnerships, and to boost innovation in new undisclosed financial products.

– MotoRefi, a fintech startup, raised $45m in a round led by Goldman Sachs.
– The round was joined by IA Capital as well as returning backers Moderne Ventures, Accomplice, Link Ventures, Motley Fool Ventures and CMFG Ventures.
– The company has raised $60m since its inception in 2016.

– 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.

– Jeff, a loan brokerage platform, raised $1m in funding.
– The round was led by Estonian Business Angels Network (EstBAN) and joined by Startup Wise Guys, Taavi Tamkivi, the founder of Salv who formerly held lead roles at TransferWise and Skype, and angel investors from European on-demand ride platform Bolt.
– The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks.
– The company now has about 80 to 100 potential partners in its Vietnam pipeline.

– BlockFi completed its series D fundraising round, which was led by new investors including Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.
– The $350m round follows three prior rounds totaling $100m within the last two years.
– The company’s series D round values the company at $3b and will enable further innovation in the product suite, accelerate expansion into new markets, and provide capital for select acquisition opportunities.
– BlockFi has added multiple senior executives and announced a number of retail and institutional investor-focused products and initiatives, including: a Bitcoin Rewards Credit Card; the BlockFi Bitcoin Trust; an OTC trading desk; and Private Client Services in Asia.

– WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership
– The pandemic has transformed people’s money habits across their financial journey. The boom in digital services adoption plays into WeLab’s strength in fintech services.
– WeLab has emerged stronger from the pandemic with multiple businesses achieving significant milestones in the past year.
– With this round of investment and new cooperation, WeLab aims to combine its advanced digital banking technology capabilities and market know-how with Allianz’s expertise in insurance and asset management, the two partners aim to holistically improve people’s financial wellbeing.
The broader strategic cooperation between WeLab and Allianz will continue to develop over time and encompasses two key areas:

– ErudiFi, a student financing startup, raised $5m in Series A funding.
– The round was co-led by Monk’s Hill Ventures and Qualgro.
– The company currently works with more than 50 universities and vocational schools in Indonesia and the Philippines.
– It offers subsidized installment plans, using tech to scale up while keeping costs down.
– Interest rates and repayment terms vary between institutions, but can be as low as 0%, with loans payable in 12 to 24 months.

– Cirrus announced a capital investment from Manifesto.
– Manifesto is a branding agency.
– Cirrus is a provider of cloud-based document management software.
– Cirrus’ cloud-based system plays a key role in supporting a more streamlined, user friendly commercial and SMB lending process.
– Cirrus’ bank and credit union customers can better manage extensive loan requests and provide quicker access to capital for small businesses.
– This is important today as businesses continue to cope with the effects of the pandemic and important in the future as institutions work to grow their business and commercial loan portfolios.

– Fraction Technologies Inc. (“Fraction”), is announcing that it has raised C$289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others.
– It will use this funding to launch in Canada, expand its team and technology platform, and prepare for its launch in the U.S.
– Fraction offers a digital platform that provides socially conscious financial solutions. Its flagship product, the Fraction Appreciation Mortgage is the first of its kind in North America.

– Trade Ledger has raised £13.5m in Series A funding.
– Point72 Ventures led the round, with Foundation Capital, who led the debt tranche closed previously, Court Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors participating.
– Trade Ledger exists to enable lenders to provide credit to small and medium enterprises (SMEs), by showing them at a glance the information they need to make good decisions.
– Trade Ledger’s platform puts the customer experience at the heart of the process and expands credit distribution without increasing risk.

– Playter Pay Raises £1 Million For Its Hire Now, Pay Later Payment Solution
– Playter Pay is one of a large and growing number of companies looking to make scaling a business more accessible and affordable.
– Founder, Jamie Beaumont conceived ‘Hire Now, Pay Later’ after discovering first-hand a pain point for both recruiters and SME’s in the up-front cost associated with recruitment fees.
– This week, the company announced that it has raised £1 million led by a consortium of investors. The investment, comprising both debt and equity will allow Playter Pay to help SMEs borrow and spread the cost of their recruitment invoices over 6 months, whilst paying the recruitment agency within 24 hours of invoice.