UK fintech Paysend lands $65m in fresh funding round
The round includes strategic investments as well as participation from existing investors.
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.
Companies such as HeavyFinance in Lithuania are combining fintech with sustainable agricultural practices.
Triver says the new facility will enable it to offer more than £200 million in funding annually to small businesses.
The round was led by European private equity firm BlackFin Capital Partners.
According to a report by Fortune, sources say the start-up has received multiple offers for acquisition.
Monzo could close its latest round of funding before the end of the year as it eyes up a potential IPO.
Founded in 2018, Zazuu operated a marketplace for cross-border payment networks in Africa.
Having raised $15.5 million in seed funding, the fintech had hoped to raise an additional $40 million but to no avail.
Picus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Created 20 years ago, Lynx leverages AI and machine learning to detect and prevent financial crime.
The launch follows a previous £140 million investment that Redpin received from Blackstone, Palamon and Corsair.
Its position on the watchlist was revealed last week via the release of a 217-page dossier outlining a rescue deal for the bank.
The company has secured an additional $250 million in debt financing to support its lending operations.
Levenue provides a marketplace for subscription-based businesses to connect with investors and access financing.
The fintech’s Series B also saw participation from existing investors BNY Mellon, UBS and Nasdaq Ventures.
The round was led by Ribbit Capital with participation from existing investors Kleiner Perkins and Thrive Capital.
The joint venture will initially receive a $100 million capitalisation from both companies.
The Series D funding round takes InCred Finance’s valuation up to $1.05 billion.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The latest cash injection brings Arch’s total funding to date to over $25 million.
Dubai Investments has acquired an additional 7.68% equity stake in the bank.
In this episode of the podcast, we’re joined by Betsy and Daniel Cohen, co-founders of Cohen Circle.
Founded in 2022 and based in Texas, Black Ore offers an AI automation platform for financial services businesses.
The start-up aims to bring SmartPOS, Tap-to-Phone and BNPL payment solutions to physical merchants.
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
The funding brings the total external investment in the firm to $116 million to date.
Currently operating as an invite-only service, Prosper is slated for public launch in Q1 2024.
Wefox plans to boost its global expansion efforts, with a focus on mergers and acquisitions.
Klarna describes the UK holding company as “an important early step on a journey towards an eventual IPO”.
Payroll Integrations plans to expand its product line, foster new relationships and invest in its operations.
A handy round-up of the recent funding endeavours of fintech companies across the globe.