PPRO, a leading local payments platform-as-a-service, reported an 85% increase in transaction volume from last year, highlighting the exponential opportunities for cross-border e-commerce amidst the COVID-19 pandemic. The company announced the closing of a $50 million (€42.29m) financing round led by Sprints Capital with participation from existing investors Citi Ventures and HPE Growth. Read more
Spanish neobank Bnext has extended its Series A funding round by €11 million. Bnext’s existing investors include DN Capital, Redalpine, Speedinvest, Founders Future, Enern, Digital Horizons, Kreos Capital and Cometa. Bnext will use the fresh capital to boost its growth across Spain, where it operates as an electronic money institution. Currently in the process of migrating its Spanish services to Mastercard, the fintech has gathered more than 400,000 customers to date. Read more
Censys, a cybersecurity startup that provides an attack surface management platform to high-profile companies like Google, raised $15.5 million (€13.11 million) to bring attack surface management to more companies, from investors Google’s GV and Decibel, with participation from Greylock Partners. Last year, Censys launched an attack surface management platform, effectively becoming “the detective who finds it all for you,” says Censys CEO David Corcoran. Read more
Japan-based hey, a leader in payments and e-commerce, closed a Series E round to support the adoption of its technology from investor Bain Capital Tech Opportunities. Other contributions came from PayPal Ventures, Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Lab, bringing its total funding at $86.4m (€73.08m). Read more
Splitit is a payment method solution enabling customers to pay for purchases with an existing credit card by splitting the cost into interest and fee-free monthly payments, without additional registrations or applications. The payment instalment startup is reportedly looking to raise an additional $100m (€84.59m) to fuel its global expansion after it noted that consumers haven’t really stopped spending during lockdown, but that they have changed it. Read more
Katabat, a Wilmington, Del.-based global provider of debt management software solutions for lenders, fintechs, and collection agencies, received a strategic growth investment of undisclosed amount. Backers included Tritium Partners and Terminus Capital. The deal also represents an exit for Katabat’s venture backers, including Camden Partners, Osage Venture Partners and Activate Venture Partners. Read more
Patra, an El Dorado Hills, Calif.-based provider of technology-enabled solutions for the insurance industry, received a strategic investment from SkyKnight Capital, a San Francisco based private equity firm, and other investors. The amount of the deal was not disclosed. Read more
Verikai, a San Francisco, CA-based insurance technology company, raised $6m (€5.08m) in Series A funding. The round was led by ManchesterStory with participation from ValueStream Ventures and Plug N Play. The company will use the funding to build out their corporate structure, focusing on expanding their sales and marketing resources. Read more
kompany, a Vienna, Austria-based RegTech platform for Business KYC (KYB), raised €6m in funding. The round was led by Fairway Global Investment, together with Global Brain, with participation from existing shareholders, including the European Super Angels Club and the management team. The company intends to use the funds for the continued development of key technologies to serve its international client base. Read more
Indonesia bill payment startup Ayoconnect raises $5m (€4.23m) in pre-Series B round from investors including BRI Ventures, Tokyo-listed Internet company Kakaku.com and Brama One Ventures. The sum will help the startup engage in tech investment and grow its partner network as it builds Indonesia’s largest and most advanced business-to-business (B2B) open bill network. Read more
Alphabet Inc.’s Google is buying a $450 million (€380.64m) stake in home security firm ADT Inc., forming a partnership that could get the tech giant’s smart-home products in front of millions of new customers. The deal gives Google a 6.6% stake in the Boca Raton, Florida-based ADT, the largest home security company in the U.S. with about 20,000 employees and more than 6 million customers. Read more
AgentSync, a salesforce app for carriers/agencies that automates licensing and compliance, announced that it has closed a $4.4 million (€3.72m) seed round, co-led by Elad Gil, Caffeinated Capital, Affirm’s Max Levchin and the podcaster turned VC Harry Stebbings, among others. Read more
Do you have any news to share: please put feed@https://hollandfintech.com/ on your press list.
Read here our other sections of this week:
- Weekly research highlights 7 August 2020
- Weekly news highlights 7 August 2020
- Weekly analysis & opinion highlights 7 August 2020
Subscribe & read the full newsletter here: https://hollandfintech.com/featured/newsletters/
