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Weekly Funding Highlights – 13 September 2023

New week – new closed funding rounds. This week’s funding highlights cover start-ups, fintechs, cybersecurity tech, RegTechs, and many more! Take a look at some major investments of this week.

Consumer brand FinTech Ampla locks in $258m credit deal with top-tier investors

Ampla, described as a foremost provider of financial solutions specifically tailored for consumer brands, has shared news of a significant financial milestone. The company has successfully secured a $258m credit warehouse, an achievement made possible with the collaboration of two financial giants, Goldman Sachs and Atalaya Capital Management. This influx of capital is set to energise Ampla’s Growth Capital products and fortify its mission to build the definitive platform for Consumer Brands. Read more

Kedaara Capital backs Perfios with a whopping $229m in Series D round

Perfios, described as “India’s leading B2B SaaS FinTech company”, has made headlines with its latest funding announcement. The Bangalore-headquartered firm revealed its Series D funding round today, successfully raising $229m, all thanks to Kedaara Capital, a prominent private equity investor. Delving deeper into what Perfios does, this market leader is not only dominant in India but has also stamped its authority in the Middle East and Southeast Asia. Their offering is vast, providing a comprehensive stack of Decision Analytics SaaS products. Read more

Shop Circle raises $120m to develop eCommerce tools

Shop Circle has secured $120 million in Series A funding to further develop its suite of eCommerce tools. The move is set to enhance the London-based organisation’s position as as a one-stop shop for software for eCommerce merchants.The round was led by 645 Ventures and 3VC, along with prominent participation from established supporters QED Investors and NfX, with the credit facility provided by i80 Group. Read more

Fintech Giant BharatPe In Talks To Raise $100 Mn From Existing Investors

Fintech unicorn BharatPe is in talks with existing investors to raise $100 Mn in a new round of funding. The fintech giant is also looking to rope in a new investor in the funding round, ET reported, citing sources. BharatPe had last raised a major funding round in 2021 when it raised $370 Mn at a valuation of $2.9 Bn. However, the publication reported that the fintech giant might have to settle for a $2 Bn valuation at the latest round, given current market conditions. Read more

Swan secures $40 million to bring embedded banking to Europe

For the past few years, everybody working in fintech has been talking about embedded finance. It’s supposed to be the next revolution in financial services — bringing financial services to other products and services so that these services are as seamless as possible for the end users. That’s why it’s interesting to see that Swan, a French startup working on embedded banking, has managed to raise a $40 million Series B funding round (€37 million). First, it’s significant because it’s a big funding round for the French tech ecosystem as big funding rounds aren’t as common as they used to be. Read more

Treasury4 secures $20m in Series A funding led by WestCap

Treasury4, an enterprise software platform providing cutting-edge solutions for treasury and finance professionals, revealed today its successful $20m Series A funding round. The funding round was spearheaded by WestCap and witnessed involvement from other prominent investors like Cowles Company, Fortson VC, Voyager Capital, Kick-Start Seed Fund, and W.T.B. Financial Corporation. Notable individuals including Jim DuBois, ex-CIO of Microsoft, and Chris Growney, co-founder of Clearwater Analytics, also participated. Read more

AMP raises $18.5m to expand eCommerce platform

Australian firm AMP has raised $18.5m in its series A funding round, as it looks to further expand its interconnected, end-to-end platform for eCommerce merchants. The round featured participation from a pair of Singaporean VCs, Jungle Ventures and Openspace Ventures. The platform was launched by its two founders, Cameron Priest and Patrick Barnes, after they encountered hundreds of brands and merchants managing around 25 different apps daily in order to run their eCommerce stores. Read more

Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

GenTwo, a fintech platform that specializes in securitization, raised $15 million in a Series A funding round led by hedge fund luminary Steve Cohen’s Point72 Ventures, the company said on its website. The Zurich-based firm plans to use the funding to grow internationally and to develop its financial engineering platform. Read more

Swedish fintech Treyd secures $12M funding for expansion and product development

Swedish fintech Treyd, providing upfront supplier payment solutions for retail businesses, has seen plenty of growth since its March 2022 $10 million Series A funding round. The firm says it has expanded into the UK and throughout the Nordics, and financed $149 million of purchases for fast-growing SMEs in Northern Europe. Its customer numbers have multiplied sixfold to over 600 and it now employs over 60 people. Read more

Germany-based Circula raises €12M, announces expansion to the Netherlands

Germany-based Circula, a SaaS company, has announced its expansion to the Netherlands after raising €12M in Series A funding. Peak Capital, Capnamic Ventures, Main Inkubator, Wenvest, and HW Capital participated in the funding round. The Netherlands is the next country in Circula’s global expansion plans after establishing service in Spain last year. By entering the global market, the company aims to create more autonomy for employees and more control for companies in various countries, including Spain and the Netherlands. Read more

Cleafy raises €10m from Moneyfarm investor to battle fraud in neobanking

Cleafy, a provider of fraud protection software for banks, has raised a €10m funding round to expand its footprint among digital banks. The funding round, which is led by Moneyfarm-backer United Ventures, will be used for expansion into new markets. The cybersecurity industry, Cleafy says, is seeing rapid growth, particularly in the fraud prevention area. Moviri group, Cleafy’s existing parent company and one of its early-stage investors, will being relinquish control of the company as part of the funding deal while retaining a minority stake in the company. Read more

Dutch VC Curiosity-backed fintech startup Strise raises €10M led by Atomico

Oslo-based Strise, a tech company that offers KYC intelligence systems, announced on Wednesday, September 6, that it has secured $10.8M (nearly €10M) in a Series A round of funding. This round follows the company’s funding round In November 2022, where Strise raised €3.3M led by the Dutch venture capital fund Curiosity. Read more

Visa invests in Form3 to help bolster anti-fraud efforts (Fintech Global)

Visa has entered into a commercial partnership with Form3, to reduce the high levels of fraud across real-time account-to-account payments. The collaboration is set to build upon Form3’s single API connectivity, enabling the London-based organisation to focus on preventing fraud and increasing operational efficiency in real-time payments, whilst also bolstering its ability to expand. This funding is in parallel to news that Form3 will provide Visa’s clients with access to their best-in-class payments platform, to enable them to modernise their payments’ infrastructure. Read more

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