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Weekly Funding Highlights – 20 January 2021

In this funding article, we are diving into new transactions and deals of the week. We look at trading, insurance, payments infrastructure, security, mortgages, blockchain, asset management, digital lending solutions, buy-now-pay-later services, money experience companies and more. Happy reading!

MX Secures $300 Million (€247.7m) Through Series C Financing Round

MX (Lehi, US), a money experience company, raised $300 million (€247.7m) in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72 Ventures, and Pelion Venture Partners. Funds from the investment round will be used for the growth and development of the MX platform. Read more

Blend Closes $300M (€247.7m) in Funding

Blend (San Francisco, US), a provider of digital lending solutions, closed a $300m (€247.7m) Series G funding round. The round, which brought the valuation to $3.3 Billion, was led by Coatue and Tiger Global. The company intends to use the funds to accelerate its next phase of growth and support investment in the products and services. Read more

SME Lender Nucleus Commercial Finance Acquires £200 Million (€225.7m)

Nucleus Commercial Finance (London, UK), an online balance sheet lender, reports that it has secured a £200 million (€225.7m) funding line, which should help with increasing the platform’s capacity or ability to support more UK-based businesses. Read more

PPRO Raises $180M (€148.6m) in Funding

PPRO (London, UK), a global provider of local payments infrastructure, raised over US $180m (€148.6m) in new funding. Investors included Eurazeo Growth, Sprints Capital, and Wellington Management. The funding will accelerate PPRO’s continued global expansion and support the development of its border-free payment technology and services. Read more

LendingPoint Receives $125M (€103.24m) Investment

LendingPoint (Atlanta, US), a financial technology platform, received a $125m (€103.24m) equity investment from Warburg Pincus. The company will use the proceeds to expand its financing solutions for its ecommerce, point of sale, and financial institution partners and further enhance its data and technology platform. Read more

Figure Receives $100 Million (€82.5m)

Figure Technologies (San Francisco, US),  blockchain-based startup for providing loans against mortgage equity, has received $100 million (€82.5m) from JPMorgan to finance jumbo mortgages, according to a release. Figure Technologie hopes to build on their 2020 momentum, both in volume and in bringing blockchain into the mortgage market. Read more

Creditshelf needs to add debt financing (received €40m from Amsterdam Trade Bank)

Creditshelf (Frankfurt, Germany) needs to add debt financing (the company received EUR 40 million debt financing from Amsterdam Trade Bank). The debt capital of initially €40m made available within the framework of the collaboration with the Amsterdam Trade Bank enables the creditshelf to react even more efficiently to the loan demand from German SMEs. Read more

Swimlane Raises $40M (€33.04m) in Funding

Swimlane (Denver, US), an independent provider of security orchestration, automation and response (SOAR) solutions, raised $40m (€33.04m) in funding. The round was led by EIP. The company intends to use the funds to accelerate partnerships and alliances, expand research and development, and enable further global expansion. Read more

Moss raises $25.5 million (€21 million)

Moss (Berlin, Germany), a credit card fintech startup, has raised a $25.5 million (€21 million) funding round led by Valar Ventures. Existing investors Cherry Ventures and Global Founders Capital are also participating. With the new raised money, Moss plans to Moss expand to other industries as well. Read more

Twisto Receives €16 million Investment

Twisto (Prague, Czech Republic), a buy now pay later (BNPL) Fintech, has received a €16 million investment led by Zip Co and Elevator Ventures. Their long goal is to change the European perception of credit and push this towards smarter financing solutions. Read more

Mosaic Raises $18.5M (€15.28m) in Series A Funding

Mosaic (San Diego, US), a company building a strategic finance platform, raised $18.5M (€15.28m) in Series A funding. The round, which brings total funding to $21M, was led by General Catalyst with participation from Felicis Ventures, Village Global and XYZ Ventures. The company intends to use the funds to accelerate its product development and grow its team across multiple departments. Read more

LeoCare raises $18.1 million (€15 million) for its insurance products

LeoCare (Paris, France) has raised a $18.1 million (€15m) funding round, from investors Felix Capital, Ventech and Daphni. Up next, the company wants to launch new features, such as a bot that lets you check the status of your case. Read more

Prometheum Closes $15M+ (€12.39m) Funding Round

Prometheum (New York, US), a FINRA and SEC regulated end-to-end blockchain securities ecosystem, closed a funding round of over $15m (€12.39m). The raise was led by international investors. This capital will accelerate the growth of the ecosystem by hiring personnel, furthering its blockchain and trading technology and focusing on strategic growth initiatives as they get closer to launch. Read more

Own Up Raises $12M (€9.91m) in Funding

Own Up (Boston, US), a mortgage marketplace, raised $12m (€9.91m) in funding. The round was led by Brand Foundry Ventures with participation from Link Ventures, Listen Ventures, and TechStars Ventures. The company intends to use the funds to invest in the technology powering its digital platform, as well as growing its customer success team. Read more

Nayya Raises $11M (€9.08m) in Series A Funding

Nayya (New York, US), an insurance benefits experience and management platform, closed an $11M (€9.08m) Series A funding round. The round was led by Felicis Ventures, with participation from Social Leverage, Guardian Life, Cameron Ventures and Unum Business Ventures. The company intends to use the capital to grow the team in New York and across the country. Read more

Arca Raises $10M (€8.26m) in Series A Funding

Arca (Los Angeles, US), an asset management firm focused on investing and innovating in the digital assets space, closed a $10m (€8.26m) Series A round of funding. The round was led by RRE Ventures with participation from Alex Tisch, President of Loews Hotels & Co. and a coalition of top financiers. The company intends to use the funds to expand product development and distribution efforts. Read more

UK Mortgage Fintech Perenna Secures $10 Million (€8.2m)

Perenna (London,UK), a mortgage fintech startup, announced on Monday it secured $10 million (€8.2m) through its Seed funding round, which included investments from Kevin Flaherty, the former head of structured products at Deutsche Bank, Tony Mallin MBE, managing partner of Star Capital. Perenna noted it is planning to use the $10 million to launch 30-year fixed-rate mortgages and aim to issue the first loans this October. Read more

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