Funding News
Weekly Funding Highlights - 25 August 2021

Weekly Funding News Highlights – 18 January 2023

New week – new closed funding rounds! This week’s funding highlights cover personal finance, AI software, data, security,  and many more! Take a look at some major investments of this week.

BNPL fintech Tabby lands $58m in Series C funding (Fintech Futures)
Dubai-based buy now, pay later (BNPL) fintech Tabby has secured $58 million in a Series C funding round at a valuation of $660 million. The funding was raised from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst. The round makes Tabby the first start-up in the Gulf Cooperation Council (GCC) to receive funding from PayPal Ventures. Tabby plans to use the fresh funding to support its growing operations and expand its product line to include “next-gen” consumer financial services. Read more

Anyfin bags $30 million Series C (Finextra)
Anyfin, a Swedish startup that offers to refinance consumer loans and credit card debt using a combination of artificial intelligence and a photo of the current statement and repayment terms, has bagged $30 million in a Series C round led by existing investor Northzone. Launched in November 2017, Anyfin’s founders Filip Polhem, Mikael Hussain and Sven Perkmann, have extensive experience in consumer finance, assessing credit risk and technology, having previously held leading roles at some of Sweden’s top tech companies, including iZettle, Klarna and Spotify. The company uses publicly-available consumer data to assess the creditworthiness of customers and promises refinancing of existing loans within seconds upon receipt of a photograph of the existing loan statement, including repayment history. Read more

Mondu secures $13 million Series A extension (Finextra)
Berlin-based B2B buy now, pay later startup Mondu has raised a $13m Series A extension led by Valar Ventures alongside FinTech Collective, bringing total funding from the round to $56 million. Since announcing its initial Series A last May, Mondu introduced payment by installments, and expanded into Austria and the Netherlands, where it established a second office in Amsterdam. The Mondu team has grown from 20 people at the start of 2022 to 140 people, and appointed more talent to its C-Suite, including chief commercial officer Julian Kurz and chief people officer Lauren Hoehlein Joseph. Read more

Hypori lands $10m in Series B haul (Global Fintech)
Hypori, a SaaS firm that is focused on transforming secure access to data from the edge, has scored $10m in a Series B raise. The round was led by Hale Capital Partners and saw participation from GreatPoint Ventures, GEN David Petraeus and other participants. As part of a total fundraising round with commitments to invest up to $18m, Hypori claims these funds are a ‘testament to the company’s growing and increasing valuation’ as well as its product’s significance and impact on national security and user privacy. Hypori’s zero-trust approach to mobile security moves the security target from the edge device to a virtual workspace in a secure and controlled cloud or data center, providing an unparalleled defense to isolate and protect privacy, personal data, and organisational data. Companies and government agencies using bring-your-own-device programs can eliminate data at-rest requirements from the physical device, minimize the risk of data loss, and eradicate the threat of malware entering an enterprise from an end-user device with Hypori Halo. Read more

Seek AI scores $7.5m in pre-seed and seed funding (Global Fintech)
Seek AI, a company seeking to automate critical processes and workflows so data stakeholders can get data fast, has landed $7.5m in funding. The round was led by Conviction and Battery Ventures and saw participation from former Snowflake CEO Bob Muglia, co-founder of DeepMind Mustafa Suleyman and founder and CEO of dbt Labs Tristan Handy. According to Seek AI, the funding came at a critical juncture in Seek AI’s growth as it continue to gain traction within the generative AI space, and work with more than a dozen pilots across industries ranging from startups to the Fortune 100. Seek claims it is that also making data accessible to non-technical, business-facing roles. In doing so, the firm said it is unlocking billions of dollars of previously inaccessible ROI for our customers. Read more

B2B payments platform Sprinque raises €6m (Finextra)
Dutch B2B payments platform Sprinque has raised €6 million in seed funding to expand its pay-by-invoice technology across Europe. The round was led by Connect Ventures, with participation from Kraken Ventures, Inference Partners, and SeedX and existing investors Antler, Volta Ventures, and Force Over Mass. Sprinque’s B2B payments platform enables merchants and marketplaces to offer pay-by-invoice with net payment terms to buyers online, without taking on additional risk or increasing operational overhead. The technology is white labelled and can be fully embedded via APIs, Magento, Prestashop and WooCommerce plugins, or operated offline via a merchant control centre. The startup is initially targeting merchants in the Netherlands, Spain and Germany, but is looking to expand to other countries. It also plans to use the new funding to build functionality outside the pay-by-invoice product. Read more

Wealthtech Startup Everon Closes CHF 2.5 Million Seed Round from TX Ventures (Fintechnews Switzerland)
Zurich-based fintech company Everon, which specializes in digital wealth management, has closed its seed funding round of approximately CHF 2.5 million. The main investor in the round was TX Ventures, the VC investment arm of the Swiss media company TX Group. There were significant investments from the venture capital firm QBIT Capital and the family office Swiss 5 Group. Another private investor in this round was Dr. Wolfgang Wienand, CEO of Siegfried Holding AG. The funding round enables Everon to continue working on its vision of opening personal and sophisticated wealth management services, which were previously reserved exclusively for high-net-worth clients . Specifically, Everon will use the funds to expand its existing activities in Switzerland, such as in Private Markets, broaden its technological offering and expand its range of services and strategies. Read more

Sustainable investment startup Grünfin scores €2m (Global Fintech)
Grünfin, a sustainable investment platform, has reportedly raised €2m in equity to expand its product suite. The capital injection was led by existing investors Norrsken VC, Specialist VC and Lemonade Stand, according to a report from AIN Capital. Participation also came from other unnamed angel investors. Sie Ventures and HoneyBadger VC also deployed funds. The equity will enable the FinTech sustainable investment platform to grow its product suite with a new investment plan that helps employers keep their talent by offering sustainable financial independence to employees. Based in Estonia, Grünfin allows individuals to build an investment portfolio of sustainable companies. The user selects their sustainability focus (climate change, gender equality and health) and their monthly contribution. The platform will then curate a portfolio. The sustainable investment platform was founded by Karin Nemec, Triin Hertmann and Alvar Lumberg. As parents, Nemec and Hertmann were concerned about the future of the planet and wanted to help change its course. Read more

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