New week – new closed funding rounds. This week’s funding highlights cover neo-banking, finance, fintech ventures, embedded finance, and many more! Take a look at some major investments of this week.
Get Protocol Raises $4.5 Million to Take on Ticketmaster With NFT Tickets
NFT ticketing company Get Protocol has raised $4.5 million in funding to challenge Ticketmaster. It has issued over 4 million blockchain-based tickets and aims to solve issues in traditional ticketing systems. The funding round was led by Flow Ventures and included support from Animoca Brands and the Tezos Foundation. Get Protocol plans to announce more developments and has partnered with Tezos to bring NFT ticketing to its partners. Read more.
UK climate fintech Sylvera raises $57m Series B
London-based climate fintech Sylvera has raised $57 million in a Series B funding round. The company provides data on global carbon projects and credits to help companies and governments reach their “net zero” targets by 2050. The funding will support Sylvera’s international expansion and investments in its teams. Read more.
Thunes extends its Series C to $72m with Visa backing
Thunes, a cross-border payments platform, has extended its Series C funding to $72 million with support from Visa. Thunes enables global payments through mobile wallets and serves businesses like Uber and PayPal. The extended funding will help Thunes expand its network and create a more inclusive and efficient payment ecosystem. The collaboration with Visa builds on their existing partnership, offering a “send-to-wallet” capability to digital wallet providers worldwide. Read more.
Netcraft secures USD 100 million in funding round
Cybercrime detection provider Netcraft has raised $100 million in funding led by Spectrum Equity. The UK-based company will use the funds to expand globally and enhance its cybercrime detection and takedown services. Netcraft aims to provide real-time threat identification, faster takedowns, and improved fraud detection capabilities to create a safer online environment for its clients and partners. The company will leverage its expertise and employ data-driven automation and artificial intelligence to combat evolving cyber threats. Read more.
Tractable secures $65m in Series E to revolutionise InsurTech with AI
AI company Tractable has raised $65 million in a Series E funding round led by SoftBank. Tractable uses AI to streamline insurance claims and damage assessments for cars and properties. The funding will support its expansion in the automotive and property sectors, optimizing assessments for repairs, protection, recycling, and sales. Tractable aims to digitize and improve the manual claims process, increasing efficiency for insurers and policyholders. The company has doubled its claims volume and serves top insurers and automotive companies. Read more.
MODIFI powers ahead with $100m facility from HSBC
MODIFI, a global business payments firm specializing in cross-border transactions, has secured a $100 million debt facility from HSBC Innovation Banking UK. The funding will support its growth as a leading provider of trade finance products and meet the increasing liquidity demands of its customers. MODIFI’s digital platform empowers small to midsize businesses in international trade and offers instant payment solutions to suppliers. The company has also recently secured a $75 million debt facility from another global financial institution. Read more.
Fraud prevention platform Bureau closes Series A with extra $4.5m boost
Identity decisioning platform Bureau has raised an additional $4.5 million, completing its Series A funding round at $16.5 million. The San Francisco-based company helps businesses combat fraud and simplify compliance. The funds will be used to enhance its global coverage, expand its technology stack, and widen its intellectual property scope. Bureau has seen significant revenue growth and has verified over 300 million identities through its platform. The recent acquisition of identity verification start-up inVOID further strengthens its offerings. Read more.
LDA Capital bets $10m on SKYPLAY’s blockchain gaming rise
Gaming platform provider SKYPLAY has secured a $10 million investment from LDA Capital Limited. The funding will support the expansion of its platform, focusing on new game releases and user acquisition. SKYPLAY utilizes SKP coins for a seamless gaming experience and plans to offer diverse entertainment options. The company aims to attract over 10 million users by 2024. Read more.
DeFi startup Ethena emerges from stealth with $6m funding
DeFi startup Ethena has raised $6 million in a seed funding round led by Dragonfly. The company aims to revolutionize bond trading on the blockchain by developing a stablecoin and a digital savings bond. The funding will support the launch of these products in Q3 2023. Ethena’s innovative approach has attracted support from major crypto exchanges and industry leaders. Read more.
Narval clinches $4m seed round to reinvent web3 wallet use
French start-up Narval has raised $4 million in a seed funding round led by BlockTower VC. Narval aims to reinvent web3 wallet usage and simplify the management of digital assets. The funding will be used to expand the team, develop the platform, and enhance marketing efforts. Narval’s solution addresses challenges in the crypto sector and provides a secure pathway for treasury managers to navigate DeFi and NFTs. Read more.
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