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Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale-ups, with participation from Partners Group, one of the…
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured $25 million in debt financing from a private debt fund managed by Switzerland-based impact investor BlueOrchard Finance Ltd (BlueOrchard). These funds will be dedicated to further expanding TBC UZ’s ecosystem. This will contribute to the ongoing growth of the digital…
Shift, a leading provider of credit and payment products to Australian businesses, announced today that it has closed an $AUD35 million Series D funding round, led by Peak XV Partners (formerly Sequoia Capital, SEA). In addition to Peak XV Partners, who led Shift’s Series C round in 2023, several existing shareholders participated in the Series D equity…
Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Sling Money previously raised a $5 million seed round led by Ribbit Capital with participation from Slow Ventures. Sling Money combines…
Syfe, Asia’s leading saving and investment platform, today announced that it has closed a USD 27 million funding round, increasing its valuation and bringing total funds raised to USD 79 million. The latest investment has been achieved amidst a challenging funding environment, with funding in Asia at its lowest level since 2015. Despite the broader…
Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), is proud to announce that it has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant…
The facility is the latest line of funding secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending. CPP Investments’ funding forms part of the £700m private warehouse launched in September 2023. That facility was one of the largest, dedicated funding lines with a non-bank lender for mid-market…
AlTi Global, a leading independent global wealth and alternatives manager with over $70 billion in combined assets, announced the closing of a strategic investment of up to $300 million by Allianz X. Allianz X, an investment arm of Allianz SE (XETRA: ALV), one of the world’s leading insurers and asset managers with around 125 million…
GeoWealth, a proprietary technology and turnkey asset management platform (TAMP), today announced that it has closed a $18 million growth investment led by BlackRock (NYSE: BLK). GeoWealth will use the funding to support the continued development of offerings that enable advisors to meet client demand for access to an increasingly broad range of asset types in a…
AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide. Aveni combines globally-recognised AI expertise with extensive financial services experience, to create large language models (LLMs) and AI products…
European investor Pollen Street Capital invests 35 million EUR in alternative lender Finbee Verslui. This investment will enable more than 1,500 businesses to be financed faster and on more favorable terms than before. Lending faster and on better terms “Our mission is to empower the country’s small and medium-sized businesses to grow by providing them…
bunch, the fintech company transforming private markets, announced the successful closing of its $15.5 million Series A. The round is led by global investor FinTech Collective, and existing investors including Cherry Ventures and Motive Ventures are doubling down. Top private market experts such as Broadhaven Ventures and former AngelList Europe Head Philipp Moehring’s TinyVC, as…
