Funding News

Weekly Funding Highlights – 29 September 2021

For this funding news, we dive further into the fintech landscape and retrieve the latest transactions. Find out who the latest names are to receive findings from fintech, crypto, trading, cybersecurity, payments and blockchain. Enjoy the selected materials!

Fantasy soccer NFT platform Sorare scores $680 million (€582.2m) raise led by SoftBank
Sorare (Paris, France),  a soccer-focused NFT trading platform, has announced a $680 million (€582.2m) Series B fundraise led by SoftBank. Sorare lets fans trade non-fungible token (NFT) trading cards of superstar players like Cristiano Ronaldo and Antoine Griezmann, which are underpinned by the Ethereum blockchain. Read more.

Dapper Labs Raises $250M (€215.1m) in Funding
Dapper Labs, Inc. (Vancouver, BC), a company behind NBA Top Shot and the Flow blockchain, raised US$250M (€215.1m) in funding. The company intends to use the funds to continue to scale and support major additional brand-driven sports, entertainment and music based products coming online and being developed on the Flow blockchain. Read more.

Cyber insurance firm Coalition lands $205M (€176.5m) at Series E, valued at $3.5B
Coalition (San Francisco, CA, US), a cybersecurity insurance company, has raised $205 million (€176.5m) in Series E funding. Coalition offers businesses cybersecurity tools and insurance to help manage and mitigate cyber risk to more than 50,000 customers, doubling its customer base in the past year. Read more.

Blockdaemon Raises $155M (€133.4m) in Series B Funding
Blockdaemon (New York, NYC, US), a blockchain node infrastructure platform, raised $155M (€133.4m) in Series B funding. The company intends to use the funds to hire talent in Singapore, Japan, the UK and Germany and to make strategic acquisitions to build out its tech stack. Read more.

Ascend Raises US$150M (€129.1m) in Funding
Ascend Money (Bangkok, Thailand), a fintech company, raised US$150m (€129.1m) in funding. The company intends to use the funds to grow the user base of its e-wallet application – TrueMoney Wallet – and to expand digital financial services, including digital lending, digital investment and cross border remittances across Southeast Asia. Read more.

Flyr Labs Raises $150M (€129.1m) in Series C Funding
Flyr Labs (San Francisco, CA, US), a provider of data and AI-driven Revenue Operating System for airlines, travel, and transportation industries, secured $150m (€129.1m) in Series C funding. This company intends to use the funds to expand its product offerings, scale delivery capacity, support strategic acquisitions, and develop customer teams. Read more.

TrueLayer Raises $130M (€111.9m) in Funding
TrueLayer (London, UK), a global payments company, raised $130m (€111.9m) in funding. The company intends to use the funds to charge the mainstream adoption of open banking payments through industries like ecommerce and subscriptions. Read more.

Cover Genius Raises AUD$100M (€86m) in Series C Funding
Cover Genius (Sydney, Australia), an insurtech for embedded insurance, secured $100M (€86m) AUD in a Series C funding round. The company intends to use the funds to expand its global insurance distribution platform and support new e-commerce, property, travel, mobility, auto, B2B and financial services partners. Read more.

Ocrolus Raises $80M (€68.8m) In Series C Funding
Ocrolus (New York, NYC, US), an automation platform that analyzes financial documents, raised $80m (€68.8m) in Series C funding. The company intends to use the funds to build products for the mortgage lending and banking industries and expand its US operations. Read more.

FinTech Startup Highnote Nets $54M (46.5m) in Funding
Highnote (Los0Angeles, CA, US), the all-in-one platform for creating payment cards and embedded FinTech experiences to help small and medium-sized businesses grow announced it has raised a combined $54 million (€46.5m) in Series A round. The 1-year-old California-based company will use the funding to expand its product and engineering teams, as Highnote continues to broaden its platform to include instant credit issuance, full-stack acquiring and global expansion, according to the announcement. Read more.

Spenmo Raises US$34M (€29.3m) in Series A Funding
Spenmo (Singapore), a provider of payments software for growing businesses, raised a US$34M (€29.3m) Series A funding. After its launch in Singapore last year, Spenmo has since expanded across Southeast Asia and has thousands of customers from various sectors, including high-growth startups, SMBs, mid-market companies, and accounting firms. Read more.

Do you have any news to share: please put on your press list.

Curious to read and find out more from fintech? Then subscribe & read our full newsletters here: In order to see our other weekly highlights, check out the following links: analysis & opinionresearch.

Share this Article
Related Insights
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.