UK neolender Updraft secures £272m in mix of debt and equity funding
The start-up previously raised £108 million in debt and equity funding last December.
The start-up previously raised £108 million in debt and equity funding last December.
The credit facility has been provided by Citi and long-time financing partner Fasanara Capital.
Founded in July 2021 by Julien Zerbib, Unlimitd provides revenue-based financing to digital companies.
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
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The round was led by Tribe Capital, with participation from Cervin Ventures and Tru Arrow, among others.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Our weekly round-up for you to get the latest fintech funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Apex says the number of shares to be offered and the price range have not yet been determined.
The round takes the company’s total funding raised up to €55 million since its inception in 2009.
Motive Partners will invest two $25 million tranches as part of its growth commitment to the Aussie firm.
Lendo has announced it plans to pursue an IPO “within the next few years”.
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Led by Sixth Street Growth, the round also saw participation from existing investors.
The VC firm says the latest fund takes its total assets under management to over $1.4 billion.
The bank is expected to establish itself as a state-chartered, corporate bank with a B2B offering.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
This latest investment brings Pontera’s total funding to date to $160 million.
The raise follows on from the company’s $180 million Series E round in June 2021.
Founded in 2014, the Toronto-based fintech offers a full-service spending and savings account.
Liberis plans to go live in Canada, Germany and Poland in 2024.
ZestMoney’s leadership team has reportedly informed employees of its decision to wind down by the end of the month.
Plum intends to grow its presence in Greece as well as the surrounding region.
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
Through an “easy-to-understand” app, Kaldi hopes to encourage people to start saving and investing earlier.
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The round includes strategic investments as well as participation from existing investors.
The new facility brings its total lending capacity to date to £900 million.
The San Francisco-based firm has launched with $9m in equity funding and $30m in debt financing.
The £925 million rescue deal also grants Spaldy Investments a 52.88% ownership stake.
Loans are anticipated to range from $6.6 million to $19.8 million.
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.
The third such partnership between the two firms takes Atom’s total lending with Funding Circle up to £800m.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.