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.
Fnality raises $95m (€87.4m) in a Goldman-led funding round
Fnality, a UK-based blockchain wholesale payments firm, secured USD 95 million in a funding round led by Goldman Sachs and BNP Paribas. The funds will be used to establish a globally accessible liquidity management network, bridging traditional and digital finance, pending approval from the Bank of England. Read more
Imprint lands $75m (€69m) in round led by Ribbit Capital
FinTech venture Imprint secures a $75 million equity investment led by Ribbit Capital, aimed at strengthening its balance sheet and expanding its co-branded credit card programs, following successful partnerships with H-E-B, Holiday Inn Club Vacations, and Westgate Resorts. Imprint CEO Daragh Murphy emphasizes the firm’s focus on building a technology-first financial institution and invites new collaborators to join the team. Read more
InCred set to join unicorn club amidst $60m (€55.2m) funding round
InCred Holdings Limited secures INR 500 Cr ($60m) in its Series D funding round, positioning the firm to join the unicorn club as the second Indian startup in 2023. The funding will be directed towards strengthening consumer loans, student loans, and MSME lending, facilitating scalability and market expansion. InCred CEO Bhupinder Singh highlights the company’s “Risk First” approach, advanced technology, and management team, expressing the goal to make InCred a central part of every Indian family’s financial aspirations. Read more
Apiture secures $10m (€9.2m) in funding to enhance digital banking solutions
Apiture, a leading digital banking solutions provider, successfully concludes a $10 million fundraising round led by T. Rowe Price Investment Management, Inc. The funding, with additional contributions from existing investors, brings Apiture’s total funding to $79 million since its founding in 2017. The company, specializing in advanced digital banking platforms, plans to use the fresh capital to accelerate product development, expand sales and marketing efforts, and solidify its position in the competitive FinTech market. Read more
SwiftConnect secures $10m (€9.2m) in oversubscribed equity round led by Quadri Ventures
SwiftConnect, a leader in connected access enablement, successfully concludes an oversubscribed equity fundraising round, securing $10 million led by Quadri Ventures. The funding, following its Series A round, will be instrumental in SwiftConnect’s global expansion and the enhancement of customer experience teams. Known for its innovative connected access solutions, SwiftConnect serves commercial real estate owners and enterprises across various sectors. The investment aligns with the company’s growth, covering over 80 million square feet of commercial real estate and catering to a client base with potential access to over 750 million square feet of office space. Read more
Former Adyen VPs raise €9M for their Dutch-based billing platform Solvimon
Utrecht-based Solvimon, a next-generation billing platform, secures €9 million in a seed round led by London-based venture capital fund Northzone and select business angels. Founded in 2022 by former VPs at Adyen, Kim Verkooij and Etienne Gerts, Solvimon offers a billing platform that enables mid to large businesses to operationalize modern pricing methods, including ‘usage-based’ and hybrid models. The platform allows customers to pay based on consumption or a combination of usage and traditional subscriptions. Solvimon’s low-code, real-time platform streamlines billing processes, managing the entire monetization process, from deal terms generation to revenue reporting. Read more
Levenue lands €8m Series A funding from Truffle Capital, acquires Cake
Dutch revenue-based financing marketplace Levenue has successfully raised €8 million in a Series A funding round led by French VC firm Truffle Capital, with participation from Belgian investment firm Freshmen Fund. Levenue, which provides a marketplace for subscription-based businesses to connect with investors and access financing, plans to use the fresh capital to strengthen its product development and fuel its European expansion. The company, currently operating in 12 European countries, has facilitated €300 million in total financing since its launch in 2021. Read more
Zip Security clinches $7.7m (€7m) for enhanced cyber defense for firms
Zip Security, a cybersecurity firm known for its robust security solutions, has successfully raised $7.7 million in a funding round co-led by General Catalyst and Human Capital, with additional participation from BoxGroup. The funding will be used to expand Zip Security’s innovative software product, which focuses on cloud-based identity management, device management, and endpoint threat detection. The company plans to integrate advanced features such as device trust, automated patch management, and identity threat detection. Zip Security aims to make cybersecurity affordable and accessible, especially for smaller businesses that may not have large security teams. Read more
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