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.
Clara raises USD 90 mln
Clara, a Latin America-based spend management platform, has announced financing of up to USD 90 million from Accial Capital and its equity fund IMPACTO. This impact debt fund is offered by Skandia and managed by Accial. Clara obtains this line of credit before completing one year of operations in Colombia and is nearing the end of its third year of existence. This funding will enable Clara to continue strengthening its products in order to meet the financial and technological demands of Colombian and Latin American businesses. Read more
Aussie FinTech Till Payments lands $70m
Australian FinTech Till Payments has scored $70m in a Series D funding round headed by Silva Fortune. Till said it has seen an 300% increase in transaction volumes and an 200% increase in its merchant base over the past 12 months. Its solutions enable merchants to accept payments from all mainstream and emerging payment methods via a single partner, while providing fast, secure and all-in-one payment processing for all transactions. Read more
Home insurer Hippo launches $50m stock repurchase programme
Hippo, a home insurance group focused on proactive home protection, has authorised a stock repurchase programme for up to $50m of its common stock. The stock repurchase programme was authorised by Hippo’s board of directors and is effective immediately. Hippo is a property & casualty (P&C) insurance agent with commercial and personal lines products underwritten by various insurance companies. The company goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership. Read more
Apexx Global bags $25m in Series B funding round
Payments orchestration platform Apexx Global has secured $25 million in a Series B funding round. MMC Ventures, which has backed the company since 2017, took part in the round, along with new and existing investors including Alliance Ventures and Forward Partners. Alan Morgan, chairman and co-founder of MMC Ventures, will also join Apexx’s board. Founded in 2016 with offices in the UK, US and India, Apexx provides a payments platform that combines acquirers, gateways, shopping carts and alternative payment methods into a single API connection. The company says its platform helps consumer-facing businesses increase transaction efficiency, boost sales conversion rates and reduce costs. Read more
FinOps platform Vantage bags $21m in Series A
Vantage, a FinOps platform that helps teams manage and optimise their cloud costs, has scored $21m in a Series A funding round. The round was led by Scale Venture Partners, with partner Ariel Tseitlin joining the board of directors. Other participants in the round included Andreessen Horowitz, Harpoon Ventures, Matthew Prince and other select individuals. Vantage is a self-serve developer tool that allows engineering teams to manage and optimize cloud costs in conjunction with finance and operations counterparts. Read more
Violet raises USD 15 million and launches a decentralised exchange
DeFi compliance and identity infrastructure provider Violet has raised USD 15 million and launched a compliant decentralised exchange. Dubbed Mauve, this is the first compliant decentralised exchange that was specifically built to provide the best of both DeFi and TradFi to the crypto markets, according to Violet officials cited by fintech.global. The Mauve platform requires its users to undergo rigorous compliance checks. For compliance-conscious users, these checks provide peace of mind and a boost in confidence to migrate to DeFi, particularly for those who are currently restricted to centralised and custodial exchanges. Read more
Fintech Finmatics receives Series A funding
Austria-based accounting startup Finmatics has closed a Series A financing of EUR 6 million. The company has developed AI software to digitise and automate accounting processes. Finmatics aim is to digitise the recording, processing, and pre-accounting of all types of receipts. In many accounting departments of tax and commercial law firms, these processes still take place manually. According to a Finmatics representative, automation using artificial intelligence is becoming increasingly important with the challenges facing the tax and accounting industry. The startup states that its software results in time savings of up to 70% in accounting and document processing. Finmatics customers include over 900 law firms and 50,000 companies. Read more
Fintech heartstocks completes EUR 5 million financing round
Germany-based fintech startup heartstocks has completed its second round of financing and has raised EUR 5 million. After its launch on the digital stock market, the trading platform heartstocks is now starting on its next expansion stage. With the new capital, the company will fill further key positions, expand its technical infrastructure and continue to establish itself as a provider of fully regulated shares on the blockchain in the European Economic Area. Read more
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