Funding News

Weekly Funding Highlights – 1 June 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.

Sam Altman’s Worldcoin project raises $115m
Sam Altman’s Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned. The Series C was led by Blockchain Capital and joined by a16z crypto, Bain Capital Crypto and Distributed Global. Worldcoin has set itself the ambitious target of creating “universal access to the global economy regardless of country or background”. So far it has more than 1.7 million signups. Read more

India’s PhonePe secures another $100m from General Atlantic 
Indian payments giant PhonePe has secured an additional $100 million from existing backer General Atlantic, as part of its efforts to raise $1 billion in funding. PhonePe kicked off its latest funding round in January, with General Atlantic investing $350 million in the paytech firm at a pre-money valuation of $12 billion. In the second round held in February, PhonePe bagged an additional $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds. Read more

Nymbus raises USD 70 million in Series D funding round 
Banking technology solutions provider Nymbus has raised USD 70 million in Series D funding round for developing new offerings and expanding its services. The round was led by Insight Partners, alongside fintech company investors, such as the Mendon Venture Partners and The Banc Funds Company.  Read more

Irish payments start-up NomuPay lands $53.6m in funding 
Dublin-headquartered unified payments platform NomuPay has raised $53.6 million to unlock local payment acceptance and payout disbursements for enterprises in Southeast Asia, Turkey and Europe. The round was co-led by Finch Capital and Outpost Ventures, an investment platform of Neuberger Berman, with participation from individuals.Read more

Italian open banking fintech Fabrick snaps €40M from Mastercard and unnamed shareholders 
Fabrick, an Italian fintech company that operates as an open banking platform and ecosystem has just snapped €40 million in a round that saw participation from Mastercard alongside a number of unnamed shareholders that hold a minority stake in the open finance platform. Notably, this is the first time the company has taken external funding since its debut in 2018. Read more

Rent reporting platform Boom raises $4.5m
Rent reporting platform Boom has raised $4.5 million in a seed funding round joined by Plaid co-founders William Hockey and Zach Perret. Starting Line led the round, with participation from Clocktower Ventures, Company Ventures and Gilgamesh Ventures. Launched in late 2021, the Boom allows renters in the US to build credit using their rent payment. Read more

Dutch fintech Klearly raises €2.1 million and officially launches its payments app in the Netherlands
Amsterdam-based payments app, aimed at SMEs, Klearly has raised €2.1 million in pre-seed funding and has officially launched its app in the Netherlands. The app allows SMEs to receive payments directly on their phones. Already in circulation via a pilot with taxi drivers in Amsterdam and Rotterdam, including Bolt drivers, it has also grown in popularity within the restaurant and canal cruise industries – citing an increase by 173% in the past month and thirty thousand payments processed since the pilot began. The investment round was led by Antler and Global PayTech Ventures and includes angel investment. Read more

Paris-based climate tech startup secures €1.5M to revolutionise carbon credit trading for European greentech SMEs 
Carbon credits hold significant importance in expediting the energy transition. Last year, the value of traded global markets for carbon dioxide (CO2) permits surged by 164% to a record-breaking 760 billion euros ($851 billion), as determined by Refinitiv. Ensuring efficiency in the voluntary carbon market is a pivotal lever to offset climate emissions effectively. It allows for optimal resource allocation towards impactful carbon reduction projects, driving progress towards a sustainable and low-carbon future. Read more

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