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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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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 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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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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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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E-Commerce Food and Beverage Marketing Automation North America Payments Restaurants Retail SaaS Small and Medium Businesses Software Transaction Processing

SpotOn Raises $300 Million in Series E Funding Led by Andreessen Horowitz; Transaction Values Company at $3.15 Billion

– SpotOn, one of the fastest-growing software and payments companies with comprehensive solutions for restaurants and retail businesses, announced $300m in Series E funding, raising its valuation to $3.15bn.
– The funding will be used to acquire Appetize, a leading digital and mobile commerce platform for enterprise businesses, such as sports and entertainment venues, theme parks, zoos, college campuses, and more.

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North America Payments Software

Heard Raises $10 Million in Funding Led by Diameter Capital Partners, Launches Accelerated Growth Plans for its Hospitality Technology Solution

– Heard Holdings, a premier software and payments company with the most vertically integrated technology solution for restaurant and golf hospitality, announced $10m in equity funding, increasing its valuation to $100m.
– The round was led by Diameter Capital Partners, a New York-based alternative asset manager.
– Heard, a Jupiter, Florida-based Point-of-Sale (POS) Company, was co-founded by former Wall Street veteran and hospitality entrepreneur Greg Bartoli, tech entrepreneur Chris Langbein, and co-owned by golf legend and successful business entrepreneur Tiger Woods.

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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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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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E-Commerce Internet Internet of Things Mobile Payments Payments Small and Medium Businesses Western Europe

elopage Raises USD38M in Series A Funding

– elopage is a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses.
– The company closed a USD 38m (EUR 32m) initial funding round.
– The round was led by Target Global, Partech Ventures and Avid Ventures.
– The new investment will be used to grow its team from 70 to 190 by the end of the year, expand across Europe, and invest further in its proprietary end-to-end platform.

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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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Financial Services Mobile Apps Payments Software Western Europe

pawaPay Closes $9M Seed Funding

– pawaPay is a London, United Kingdom-based payments company focused on Africa.
– The company raised $9m in seed funding.
– The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital.
– The new investment will be used to scale operational presence, find more talent to join the team, and expand into new markets on the continent.

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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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FinTech North America Payments

PayEngine Raises $1.6M Seed Funding

– PayEngine is a payments-facilitation platform built for vertical SaaS.
– The company raised $1.6M in seed funding.
– The round was led by Mucker Capital with participation from BAM Ventures, I2BF Global Ventures and HIVE Ventures.
– The new investment will be used to expand its core team and operations and extend its business reach.

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Cryptocurrency FinTech Mobile North America Payments

MobileCoin Raises $66m To Scale Its Simple, Safe, And Fast Payment Technology

– MobileCoin, a safe and easy digital payments ecosystem, today announced the closing of its $66m Series B to further develop MobileCoin technology.
– The round was led by Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff’s TIME Ventures, and Vy Capital.
– This round will be used to further develop MobileCoin’s products, including MOBot, the first cryptocurrency chatbot payment system, the company’s Merchant Services buildout, and the rollout of its initial stablecoin, whose value will stay constant with the US dollar.

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Gaming North America Payments

Sightline Payments Closes $244M Funding Round at $1 Billion+ Valuation

– Sightline Payments from Las Vegas is a digital payments provider and mobile app developer for the U.S. sports betting and casino gaming markets.
– The company completed a $244m funding round valuing it at over $1b.
– The round was led by Cannae Holdings, with participation from existing investors Genting Group, Point Break Capital Management, and founding investor Walter Kortschak.
– The company intends to use the funds to expand operations and its business reach.

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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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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.

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North America Payments

PayFacto Receives Up To C$150M Equity Investment from Flexpoint Ford

– PayFacto Payments Inc. received an equity investment of up to $150m.
– The round was led by private equity firm Flexpoint Ford with participation from BMO Capital Partners.
– The company intends to use the funds to finance its expansion in the U.S. market, leveraging its acquiring bank partnership with Community Federal Savings Bank.

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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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Apps Financial Services FinTech Payments QR Codes South Asia

India’s BharatPe valued at $2.85 billion in Tiger Global-led $370 million funding

– BharatPe, an Indian fintech startup, raised $370m funding.
– The round was led by Tiger Global and valued the New Delhi-based startup at $2.85 billion (post-money).
Dragoneer Investor Group and Steadfast Capital also participated in the new round.

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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.

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FinTech Mobile Payments Payments Southeast Asia

Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia

– Wapi Pay, a Kenyan startup with offices in China and Singapore, raised $2.2m in pre-seed funding.
– The round was led by China-based fund MSA Capital; Pan-African and Africa-focused firms EchoVC, Kepple Africa and Future Hub; and Pan-Asian firms Transsion Holdings and Gobi Ventures.
– The company will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.

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Financial Services FinTech Mobile Payments Payments Western Europe

Rapyd Raises $300 Million Series E to Further Enhance its Fintech as a Service Offering Amidst Unprecedented Global Adoption of Embedded Finance

– Rapyd received a $300m Series E funding round led by Target Global.
– The round was joined by several new investors including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer, along with participation from existing investors: General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital.
– Rapyd plans to use the funding to make several more strategic acquisitions to both support expansion in key markets and grow payment products and experiences. This will increase the scale of Rapyd’s platform not just across geographies, but also across verticals and solutions.

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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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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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E-Commerce FinTech Logistics Payments Southeast Asia

VNLIFE Announces Series B Funding Round Led by General Atlantic and Dragoneer

– VNLIFE has raised over $250m in a Series B funding round led by General Atlantic and Dragoneer Investment Group, with participation by PayPal Ventures and EDBI.
– Existing investors GIC and SoftBank Vision Fund 1 also participated in the round.
– The investment is expected to accelerate the growth of VNLIFE’s existing businesses and support its development of new platforms and technologies to better serve its merchant partners and Vietnamese consumers.
– VNLIFE intends to use the funding to further capitalize on the vast market opportunities in an increasingly digital Vietnam by continuing to expand its sustainable, diversified and multi-disciplinary digital ecosystem.

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Financial Services FinTech Gift Card Mobile Mobile Payments North America Payments

Prepaid2Cash Raises $5.1M in Series A Funding

– Prepaid2Cash Holdings, Inc. is a Birmingham, Alabama-based established leader in the gift and prepaid card redemption space.
– The company closed a $5.1m Series A financing round.
– The round was led by Benson Capital Partners and attracted new investor – Relevance Ventures as well as existing investor – Alabama Futures Fund.
– The new investment will be used to continue accelerating customer acquisition and the development of its financial technology and feature set and hire engineering, product, and operational talent out of its Birmingham, Alabama headquarters.

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FinTech North America Payments Privacy Security Software

Lithic Raises $60M in Series C Funding

– Lithic is a NYC-based card issuing platform for developers.
– The company raised $60m in Series C funding.
– The round was led by Stripes, with participation from Bessemer Venture Partners, Index Ventures, Exor, Rainfall, Tusk Venture Partners, and Commerce Ventures.
– The investment will be used to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings.

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FinTech Mobile Payments Payments Point of Sale Small and Medium Businesses Sub-Saharan Africa

South African payments startup Yoco raises $83M Series C backed by Dragoneer

– Yoco, a South African fintech, raised $83m in Series C funding.
– The round was joined by investors Dragoneer Investment Group, Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures; and existing investors Partech, Velocity Capital Fintech Ventures, Orange Ventures and Quona Capital. Current and former executives from global tech companies such as Coinbase, Revolut, Spotify and Gojek took part as well.
– The company plans to scale offline and online offerings and expand to new markets.

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Finance Financial Services FinTech Payments Southeast Asia Transaction Processing

Nium crosses $1B valuation with $200M Riverwood Capital-led round

– B2B payments platform Nium raised $200m in Series D funding.
– The round was led by Riverwood Capital and joined by Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital and Rocket Capital Investment.
– Including the new funding, Nium has raised $300m to date.

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Cryptocurrency Financial Exchanges Financial Services FinTech North America Payments

Eco Raises $60M in Funding

– Eco, a San Francisco, CA-based smart money company, raised $60M in funding.
– The round was co-led by Activant Capital and L Catterton with participation from existing investors, including a16z Crypto, as well as new backers Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.
– The company intends to use the funds to accelerate its product roadmap to consolidate all financial tools into a single wallet.

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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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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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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.

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Food and Beverage Hospitality North America Payments Restaurants

Bbot Raises $15M in Series A Funding

– Bbot, a NYC-based hospitality tech company, raised $15m in Series A funding.
– The round was led by CRV.
– The company intends to use the funds to accelerate growth and expand developer capabilities.

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Apps Communities Funding Platform Payments Software Western Europe

Percent raises $5M, aiming to become the ‘Stripe for donations’ to good causes

– Pennies is a digital charity box.
– It has raised $5m in funding.
– The round was led by Morpheus Ventures and joined by Nationwide Building Society.
– The company provides an API allowing firms to customers to donate to good causes.

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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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B2B Credit Cards Financial Services FinTech Payments SaaS Software Western Europe

Spendesk Raises €100M in Series C Funding

– Spendesk is a Paris, France-based spend management platform for finance teams.
– The company raised €100M in Series C funding.
– The round was led by General Atlantic with participation from previous investors Index Ventures and Eight Roads Ventures.
– The new funding will be used to hire talent, accelerate product innovation, and expand in Europe.

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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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Financial Services FinTech North America Payments SaaS

Capchase raises $280M to scale its financing platform for subscription businesses

– Capchase, a Spanish-American company, raised $280m funding.
– The round was led by i80 Group and joined by existing investors.
– It brings Capchase to a valuation of $2 billion.
– Capchase is now live in the U.K. and Spain but expects to expand across Europe this year.

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Blockchain Collaboration E-Signature Health Care North America Payments Real Estate Software

Merged Software Raises $5.75M in Series A Funding

– Merged Software Group, an Atlanta, GA-based eSignature solution provider, raised $5.75M in Series A funding.
– The backers were not disclosed.
– The company intends to use the funds to expand operations and its business reach across US, Canada and Latin America.

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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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Billd Pulls In $30M
Billd Pulls In $30M
UN

Unicorn Nest news

Financial Services FinTech North America Payments Real Estate

Billd Pulls In $30M

– Billd, the leading provider of material financing for commercial subcontractors, announced today that it has closed $30m of funding.
– The round was led by LL Funds with participation from RJT Credit and Ulysses Management.
– Billd was started by Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance.

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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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Financial Services Human Resources North America Payments Recruiting

Remote Raises $150M in Series B Funding

– Remote, a NYC-based HR tech platform and provider of global employer of record services and international contractor management, raised $150m in Series B funding.
– The round was led by Accel with participation from existing investors including Sequoia, Index Ventures, Two Sigma, General Catalyst and Day One Ventures.
– The company intends to use the funds to expand their advisory services to include guidance on global benefits, equity incentive planning, visa and immigration support, employee relocation, and more.

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Employee Benefits Financial Services FinTech Human Resources North America Payments SaaS

Gig Wage Raises Additional $3.25M in Venture Debt

– Gig Wage provides a FinTech payroll platform which enables employers to instantly pay 1099 workers while offering independent contractors an efficient way to receive payments.
– The company has raised $16.45m to-date from Green Dot Corporation (NYSE: GDOT), Silicon Valley Bank, Foundry Group, Continental Investors, Techstars, Revolution’s Rise of the Rest Seed Fund and more.
– Gig Wage also announced the addition of Clarisa Lindenmeyer as Chief of Staff to the CEO and Chief Brand Officer.

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FinTech Freelance Internet North America Payments

Creator Economy Fintech Startup Willa Raises $18M Series A Led by FinTech Collective to Ensure Creators Are Paid on Time

– Willa, the creator economy fintech dedicated to getting freelancers paid on time without the associated admin and hassle, announces an $18m Series A round led by New York-based FinTech Collective, including additional investments from Entrée Capital and EQT Ventures.
– With the investment, Willa is gearing up to expand its invite-only beta to a waitlist of 150,000+ freelancers in the United States. The latest funding will also allow for the company to grow its active user base and keep up with demand and a rapidly growing waitlist. A debit card and additional services centered around financial wellness for freelancers are planned later in 2021.

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Financial Services FinTech Information Technology Payments South Asia

Pine Labs Raises USD600M in Funding

– Pine Labs from Singapore raised USD600m in funding.
– The round was led by Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, and fund advised by Neuberger Berman Investment Advisers LLC.
– The company intends to use the funds to expand operations and its business reach.

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Business Travel FinTech Information Technology Mobile Payments Payments Western Europe

Pleo Raises $150M in Series C Funding

– Pleo is a Danish born provider of expense management tool and smart company cards.
– Company raised $150M in Series C funding.
– The round was co-led by Bain Capital Ventures and Thrive Capital with contributions from Creandum, Kinnevik, Founders, Stripes and Seedcamp.
– The company intends to use the funds to expand its solution across Europe, growing its customer base, invest in its team, which currently stands at 330 people, while iterating its product offering.

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Financial Services FinTech Information Technology Payments Western Europe

Kaiko Closes $24M in Series A Funding

– Kaiko is a Paris-based cryptocurrency market data provider.
– The company raised $24m in Series A funding.
– The funding was led by Anthemis and Underscore VC with participation from Point Nine, Alven and Hashkey Capital.
– The company intends to use the funds to continue hiring in the areas of product, institutional sales, business development, and engineering and support expansion into North American and Asian markets.

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Banking Compliance Financial Services FinTech Payments Western Europe

Hawk AI Raises $10M USD in Series A Led by BlackFin Capital Partners to Fuel Global Expansion for Its AI-Based AML Platform

– Hawk AI announced that it has raised $10m USD in its Series A funding, with fintech specialist BlackFin Capital Partners leading the investment round and Picus Capital expanding its existing share.
– Hawk AI is Germany’s leading software platform for banks, payment firms and fintechs for the detection of transactions linked to financial crime.
– The software identifies patterns of suspicious activity in financial transactions with the help of artificial intelligence and provides anti-money-laundering experts with highly relevant, actionable alerts.
– Hawk AI eliminates false alerts by applying fully transparent and auditable Machine Learning to deliver significant process efficiencies.
– Hawk AI aims to become the leading compliance platform for transaction surveillance.

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Australia and Oceania Banking Financial Services FinTech Payments

Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

– Zeller, a fintech company, raised $50m funding.
– The round was led by Spark Capital and joined by Square Peg, Apex Capital Partners and Addition.
– It brings Zeller’s total raised in less than a year to $81m.
– The company launched its first products for small businesses on May 4, including EFTPOS (electronic funds transfer at point of sale) terminals, business accounts and cards.
– About 80% of businesses that started using Zeller switched from Australia’s four biggest banks, citing their desire for lower fees and better customer support.
– Zeller’s new funding will be used to grow its research and engineering hub, including filling 18 new engineering roles that will support Zeller’s plan to become a fully regulated business bank.

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Financial Services Lifestyle Payments South Asia

FamPay, a fintech aimed at teens in India, raises $38 million

– Bangalore-based FamPay raised $38m in Series A funding.
– The round was led by Elevation Capital and joined by General Catalyst, Rocketship VC, Greenoaks Capital, Sequoia Capital India, Y Combinator, Global Founders Capital, and Venture Highway.
– The size of the new investment makes it one of the largest Series A rounds in India.

Source
Payments Western Europe

DNA Payments Raises £100 Million to Accelerate Growth and Make New Acquisitions

– DNA Payments Group has signed a £100m deal with Alchemy Partners.
– With headquarters in London and an operations hub in Kent, DNA currently serves over 45,000 merchants ranging from major online and offline retailers to SMEs, providing them with over 70,000 terminals which make over 20m transactions worth over £600m a month.
– DNA is one of just a few players in the UK and Europe with fully cloud based omni-channel payment processing capabilities, and also provides a variety of SaaS and PaaS solutions to major global acquirers and payment schemes.
– This investment will allow DNA to enhance its product offering and continue with its strategy of selective acquisitions to grow its presence not only in the UK but also internationally.

Source
E-Commerce Finance FinTech Payments Western Europe

Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

– European fintech giant Klarna raised $639m funding.
– The round was led by SoftBank’s Vision Fund 2 and joined by existing investors Adit Ventures, Honeycomb Asset Management and WestCap Group.
– The company has a post-money valuation of $45.6 billion.
– It plans to use the new capital to continue to grow in the U.S. and globally.

Source
Financial Services FinTech North America Payments SaaS

Capchase Raises $125M in Series A Funding

– Capchase is a NYC-based provider of non-dilutive capital for recurring-revenue companies.
– Company raised $125m in Series A equity and debt funding.
– The round was led by QED Investors, with participation from Bling Capital, ScifiVC and Caffeinated Capital and several angel investors.
– The new investment will be used to launch just-in-time financing for tech companies and expand into the UK and Spain.

Source
Construction Data Integration FinTech Industrial Automation Infrastructure Machine Learning North America Payments Real Estate Software

Tiger Global leads $30M investment into Briq, a fintech for the construction industry

– Briq, a construction fintech startup, raised $30m in Series B funding.
– The round was led by Tiger Global Management and joined by Eniac Ventures and Blackhorn Ventures.
– The company has raised $43m since its January 2018 inception.
– Briq aims to solve the age-old problem of construction projects (very often) going over budget.

Source
Financial Services FinTech Latin America Payments

Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in LatAm

– Kushki, a Quito-based fintech, raised $86m in Series B funding.
– The round was led by Schwarzkopf and his business partner, Sebastián Castro.
– The company has a valuation of $600m.
– Kushki works behind the scenes building the tech infrastructure that companies like Nubank use to transfer money.

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