More news, transactions and investments happening at a global scale for fintech. This week, we look at AI, crypto, payment solutions, retail, social banks and mobility fintech. Enjoy reading!
Dataiku Raises $400M (€341.5m) in Series E at $4.6 Billion (€3.8b) Valuation (Finsmes)
Dataiku (New York, NYC, US), a platform for Everyday AI, raised $400M (€341.5m) in Series E funding. Dataiku enables over 450 companies across banking, insurance, manufacturing, retail, and more globally to leverage one end-to-end platform to design, deploy, and manage AI and analytics applications. Read more.
Digital payments platform Rapyd raises $300m (€256m) in Series E funding (Siliconrepublic)
Rapyd (London, GB, UK), a fintech-as-a-service company raised $300m (€256m) for its expansion plans in a funding round led by longstanding investment partners Target Global. The company plans to use the investment to expand its service provision across different locations. Read more.
FalconX, buoyed by institutional crypto demand, raises $210 million (€179m) (The Block)
FalconX (San Mateo, CA, US), a platform that is seeking to draw major investors to the cryptocurrency market, announced earlier this week a Series C funding round that clinched its unicorn status with a valuation of $3.75 billion (€3.2b). Owners say the round will help it further scale its business. Read more.
PayFacto Receives Up To C$150M (€128m) Equity Investment from Flexpoint Ford (Finsmes)
PayFacto Payments (Montreal, Canada), a provider of payment solutions and point-of-sale technologies, received an equity investment of up to C$150m (€128m). The round was led by private equity firm Flexpoint Ford with participation from BMO Capital Partners. Read more.
Bluecore Raises $125M (€106m) in Series E Funding; Valued at $1 Billion (€853m) (Finsmes)
Bluecore (New York, NYC, US), a retail technology company, closed a $125m (€106m) Series E funding round. The company will use the funding to accelerate its ecommerce product development and investment in AI and analytics. Read more.
Nozomi Networks Raises $100M (€85.3m) in Pre-Ipo Funding (Finsmes)
Nozomi Networks (San Francisco, CA, US), an OT and IoT security company, raised $100m (€85.3m) in Series-D, pre-IPO-funding. The company intends to use the funds to scale product development efforts as well as its go-to-market approach globally. Read more.
SentiLink Raises $70M (€59.6m) in Series B Funding (Finsmes)
SentiLink (San Francisco, CA, US), an identity verification technology company, raised $70m in Series B funding. The company intends to use the funds to build out its product suite and further grow its team. Read more.
Octane Lending Raises $52M (€44m) In Series D Funding; Valued at Over $900M (€766.7m) (Finsmes)
Octane Lending (New York, NYC, US), a provider of instant financing for consumers, and OEMs throughout the buying journey for major recreational purchases, raised $52m (€44m) in Series D funding. The company intends to use the funds to scale its buying solution for consumers shopping for powersports vehicles online. Read more.
Nubank co-leads $45 million (€38m) investment in Indian neobank Jupiter (The Tech Crunch)
Jupiter (Mumbai, Maharashtra, India), Jitendra Gupta’s neobank for consumers, has raised $45 million (€38m) in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. Read more.
Reserve Trust Raises $30.5M (€25.9m) in Series A Funding (Finsmes)
Reserve Trust (Denver, CO, US), a fintech trust company with a Federal Reserve master account, raised $30.5m (€25.9m) in Series A funding. The company intends to use the funds to accelerate investments in the team and technology required to deliver innovative new services, APIs, and payment rails that support embedded and real-time payments for any fintech service or software platform globally. Read more.
Kroo Raises £17.7M (€20.9m) in Series A Funding (Finsmes)
Kroo (London, UK), a social bank, raised £17.7m (€20.9m) in Series A funding. The company intends to use the funds to scale up operations, grow its team across engineering, marketing, product, compliance and customer service, and further develop its product offering and app ahead of launch in 2022. Read more.
Moove Raises $23M (€19.5m) in Series A Funding (Finsmes)
Moove (Laos, Nigeria), a mobility fintech company, raised $23m (€19.5m) in Series A funding. The company intends to use the funds to grow and expand into new markets as well as develop and launch new products and services. Read more.
Messari Raises $21M (€17.8m) in Series A Funding (Finsmes)
Messari (New York, NYC, US), a crypto market intelligence company, closed a $21m (€17.8m) Series A funding. The company intends to use the funds to expand the global reach of its Pro and Enterprise product suites. Read more.
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