Klarna raises $639m in SoftBank-led funding round
The BNPL firm claims it is now valued at $45.6 billion.
The BNPL firm claims it is now valued at $45.6 billion.
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
The two parties claim the deal will be finalised later this year.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The identity verification firm has now raised $474m in total.
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
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The company claims the funds will allow it to meet “significant global demand”.
The investments are part of its $535 million commitment to those without access to banking.
A quick summary of this week’s smaller funding rounds.
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Africa-focused P2P firm claims to be the continent’s most valuable start-up
Funding follows strong growth over the last twelve months for US-based company.
The US consumer finance subscription service is expected to have a valuation of $2.2 billion.
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With the ever fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
New York-based firm has raised $525 million in total since 2013 and is now valued at $3 billion.
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
This Series C investment values the banking tech vendor Zeta at $1.45 billion.
New investor, Wells Fargo Strategic Capital (WFSC), has led the $50 million round.
The start-up aims to disrupt the “opaque, fragmented, and dominated by manual processes” fresh produce market.
$175 million came from its Series D equity round and $325 million was credit capital from various sources.
Pipe says the round was oversubscribed by $100 million.
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The platform is on a “mission of creating financial freedom for everyone”.
Figure uses Provenance, a public, open source, permissionless, decentralised blockchain.
Lithic has raised a total of $61m to date and has issued over ten million cards.
The funding is an extension of its Series C funding round from July 2020.
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Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
US fintech counts HSBC, TD Bank, and Barclays among its customers.
The firm anticipates a rise in demand for its services in 2021.
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Lili wants to be a go-to app for freelancers in the US.
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Toronto-based start-up aims to solve “universal challenge for SMEs”.