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Weekly funding highlights 11 September 2020

Snyk, an open source security platform designed to help software-driven businesses enhance developer security, has raised $200 million (€169.04m) at a valuation of more than $2.6 billion (€2.2bn), led by Addition Capital, with participation from previous investors Accel, Amity, Boldstart, Canaan, Coatue, GV, Salesforce Ventures, Stripes, Tiger Global and Trend Forward. With the new acquired funding, Snyk is pursuing its plans to find a comprehensive developer-first security solution. Read more

Auxmoney, an online peer-to-peer (P2P) marketplace that connects credit-worthy borrowers and savvy investors, raised an equity funding of €150m, with the major equity investor being Centerbridge. With the new sum, the company plans on developing its tech platform and expanding its market opportunities. Read more

Melio, a digital bill payment solution for small businesses, raised $144m (€121.71m) in funding to date. Investors who have led the fundraising rounds included Accel, Aleph, Bessemer Venture Partners, Coatue Management and General Catalyst, with participation from LocalGlobe, Corner Ventures and American Express Ventures. Read more

Mollie, a Dutch fintech company providing easy and convenient payment solutions, raised €90 million from TCV, which puts the startup into the €1bn+ valuation category and reaching an unicorn status. With the new funding Mollie plans on enhancing its services connected to the payments to areas like working capital provisions for clients or financial services for SMBs which are not usually covered by single providers. Read more

MarketFinance, is a provider of working capital solutions to SMEs in the UK, raised  £50 million (€54.01m) from Viola Credit in order to continue lending under the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS). With the funding, MarketFinance can continue to help clients secure government loans especially when the firms need it at most. Read more

Thunes, a Singapore-based B2B cross-border payments network for emerging markets, has raised US$60 million (€50.71m) in a Series B funding round led by Helios Investment Partners, with participation from as well as existing investors GGV Capital and Future Shape. With the new sum, Thunes plans on expanding its development and growth in Africa, Asia and Latin America. Read more

AnyVision, an AI design and development company that specializes in face, object and human recognition in mass crowd events, raised $43m (€36.34m) in funding from undisclosed investors. With the new funding, the company will further invest in enhancing its current product offerings, the Touchless Access Control and Remote Authentication. Read more

Groww, an India-based online investment platform that targets first-time investors and millennials, raised $30 million (€25.36m) in its Series C financing round from YC Continuity, investors Sequoia India, Ribbit Capital and Propel Ventures. With the new funding, Groww plans on expanding its reach in the Indian market, while also bringing new offerings for clients. Read more

Deel, a financial technology company offering an international payment management solution for businesses working with global remote contractors, raised $30 million (€25.36m) in a new funding, led by Spark Capital, with the participation of Andreessen Horowitz.  With the new sum, Deel will build out their offerings and services, to improve the efficiency of their solutions for both the workers and their employees. Read more

BIMA, an insurtech player using mobile technology to provide insurance and health services to emerging markets, raised $30 million (€25.36m) in funding, led by China’s CreditEase Fintech Investment Fund (CEFIF),  with participation from LeapFrog Investments and Allianz. Read more

Capitolis, a SaaS platform that drives financial resource optimization for capital markets, raised an investment from Citi, J.P. Morgan and State Street at an undisclosed amount. With the new raised sum, Capitolis plans on enhancing its technology and product offerings, expanding sales and marketing efforts. Read more

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