Funding News
Funding Highlights - 1 September 2021

Funding Highlights – 1 September 2021

Stay up to date with the latest fintech funding! Dive into the latest deals of this week from multiple sectors including, finance automation, data aggregation, investment analysis, payments, data security and banking. Have a good read!

Ramp Raises $300M (€253m) in Series C Funding; at $3.9 Billion (€3.29b) Valuation

Ramp (New York, NYC, US), a provider of a finance automation platform for businesses to get corporate cards, raised $300M (€253m) in Series C funding at a $3.9 Billion valuation. The company intends to use the funds to accelerate development of its finance automation platform. Read more

National Bank of Canada takes majority stake in data sharing startup Flinks 

National Bank of Canada is paying C$103 million (€87m) for a majority stake in Flinks (Berlin, Germany), a data aggregation startup. The deal sees National Bank’s stake in Flinks rise from 28% to 80% and includes C$30 million (€25.3m) in growth capital that will be used to build on the fintech’s recent launch in the US. Read more

Fintech startup Khatabook raises USD 100m (€84.3m) at USD 600 mln (€506.2m) valuation 

Khatabook (Karnataka, India), a fintech startup  has closed a USD 100 million (€84.3m) Series C funding round. The recent funding is taking the startup’s market valuation to USD 600 million (€506.2m). Khatabook will focus on financial services disbursement through its software ecosystem, catering to 10 million monthly active MSMEs. Read more

Origin Raises $56M in Series B Funding; Valued at $400M (€337.5m)

Origin (San Francisco, CA, US), a comprehensive employee financial wellness platform, raised $56m in Series B funding. The company intends to use the funds to accelerate customer expansion and new product innovation. Read more

JP Morgan leads $50m (€47.2m) funding round for investment analytics player Aumni

Aumni (San Francisco, CA, US), an investment analytics platform that provides the data infrastructure for private capital markets, has closed a $50 million (47.2m) Series B funding round led by JP Morgan. The platform combines AI and human expertise, to extract and analyze critical deal data buried in dense legal agreements. Since the platform’s launch in 2018, it has analyzed more than 100,000 investment transactions. Read more

SaaS platform Elopage raises USD 38m (€32m) in initial funding 

Elopage (Berlin Germany), SaaS platform and payments provider, has announced the completion of its funding round of USD 38 million (€32m). The company is committed to investing further in its proprietary end-to-end platform, with the goal of enabling at least one million businesses to unlock their potential through elopage by 2025. Read more

No code platform receives $33M (€27.8) in funding round

Betty Blocks (Alkmaar, Netherlands), an enterprise no-code application development platform for citizen development, announced it has raised $33 million (€27.8m) in funding. Betty Blocks will use the funding to expand its operations and further develop the platform. Plans include making the platform even easier to use, enhancing the citizen development governance features, introducing more templates, and enriching its Block Store with more standard integrations. Read more

Balance Raises $25M (€21.1m) in Series A Funding 

Balance (San Francisco, CA, US), a payments experience platform for B2B eCommerce, raised $25m (€21.1) in Series A funding. The company intends to use the funds to continue to expand operations and its business reach. Read more

Monad Raises $17M (€14.3m) in Series A Funding

Monad Inc.(San Francisco, CA, US), a security data cloud company, emerged from stealth with $17m (€14.3m) in Series A funding. The company intends to use the funds to scale its development efforts for its security data cloud platform. Read more

Amsterdam’s EclecticIQ receives €15M  in EU financing; also raises €3M from Dutch Security TechFund

European Investment Bank (EIB) has also supported EclecticIQ (Amsterdam, Netherlands) with a further €15M financing deal. The EIB financing is backed by the European Commission through the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. Read more.

FV Bank Secures $8M (€6.75m) in Series A Funding 

FV Bank (San Juan, Puerto Rico), a dual licensed challenger bank and digital asset custodian, closed of Series A funding round worth $8m (€6.75) at a post money valuation of $48.9m (€41m). The company intends to use the funds to expand product offering and launch its digital asset custody division, develop its debit card offering, and accelerate its international expansion. Read more

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