Funding News

Weekly Funding Highlights – 3 August 2022

New week – new closed funding rounds! This week’s funding highlights cover credit cards, blockchain, investment, crypto and neo banks! Take a look at some major investments of this week.

Dubai BNPL firm Tabby secures $150m debt financing (Fintech Futures)
Dubai-based paytech Tabby has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth. Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue to provide Middle East and North Africa (MENA) consumers with access to credit “otherwise unavailable to them”, without charging any interest or other fees. Ream more 


Singapore-based fintech firm secures $22m (Tech In Asia)
SuperAtom, a Singapore-based fintech firm, has raised US$22 million in a series C round led by Malaysian investment fund Nue3 Capital. The deal pushed the startup’s valuation to US$370 million. SuperAtom plans to use the fresh funding to continue its expansion in Indonesia, develop more products, and replicate UangMe’s model in other countries in Southeast Asia and Latin America. The firm also said it wants to launch wealthtech products in the future. Read more


Leapfin Announces $12.2 Million Series A Financing to Empower Businesses with Financial Data (Cision)
California-based FDM company Leapfin  announced that it has raised $12.2 million in Series A funding led by Crosslink Capital with participation from Work-Bench and Uncorrelated, bringing the total raised to $20 Million. Crosslink Partner Phil Boyer will join Leapfin’s Board of Directors. Leapfin will use the new funding to expedite product development, as well as accelerate sales and marketing hires to meet market demand. Read more


TWID raises $12 Million in funding round led by Rakuten Capital (Startup Outlook)
Rewards and loyalty platform Twid raised $12 million in a Series A round led by Rakuten Capital. Google, ICMG Partners, JAFCO Asia, January Capital and Reddy Futures Fund also participated in this funding round, which saw the involvement of existing investors like Sequoia’s Surge and BEENEXT. Surge is Sequoia Capital’s scale-up programme for start-ups in India and Southeast Asia. Read more


Xion Finance closes $50m investment from GEM Digital (FinTech Global)
Xion Finance, which removes the manual process of investing into initial DEX offerings, has collected $50m in funding. The investment was led by Bahamas-based GEM Digital, a digital asset investment firm that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs global. Xion plans to expand its DeFi infrastructure across multiple blockchain networks to support its V2 platform. Read more


Continuous compliance automation platform RegScale bags $20m Series A (RegTech Analysis)
Continuous compliance automation software platform RegScale has closed its Series A round on $20m. The investment was led by SYN Ventures, with contributions also coming from SineWave Ventures, VIPC’s Virginia Venture Partners, SecureOctane and other strategic investors. With the funds, RegScale plans to bolster its sales and marketing initiatives, with a focus on financial institutions, energy and utilities, and government sectors. RegScale also plans to accelerate its product development efforts and operational support to meet the needs of customers globally. Read more

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