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Fizz Raises $14.4M Seed Round Led by Kleiner Perkins to Revolutionize Credit Building for Gen Z

Fizz announces its $14.4 million seed funding round, led by Kleiner Perkins with participation from SV Angel, Y Combinator, New Era Ventures, and notable founders from unicorn companies. Since launching in early 2023, Fizz has grown to serve tens of thousands of students across over 300 colleges and universities. The funding will support expansion, product…

6 JUIN 2024 · 1 min de lecture

Nium Secures US$50 Million in Series E to Expand Global Real-Time Payments

Nium, the global leader in real-time cross-border payments, today announced it has raised US$50 million in a Series E funding round. The round was led by a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money. The sovereign wealth fund joins other newly added investors from Nium’s prior funding round, including BOND, NewView Capital, and Tribe Capital….

6 JUIN 2024 · 3 min de lecture

SiFi Closes $10M Seed Round to Transform Spend Management in Saudi Arabia

Simplified Financial Solutions Company (SiFi) is pleased to announce the successful closure of its $10 million seed funding round. The round was led by Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), and RAED Ventures. Additional participation came from notable investors including anb seed, Rua Ventures, Byld, and KBW Ventures, along…

3 JUIN 2024 · 2 min de lecture

FintechOS Secures $60 Million in Series B+ Funding Extension

FintechOS, a European startup known for its low-code platform that enables financial institutions to swiftly and seamlessly transition to digital, has raised $60 million in a Series B+ funding round extension. This funding round, led by Molten Ventures, follows a period of significant growth for FintechOS, which has reported a 40% year-over-year increase in revenue…

31 MAI 2024 · 1 min de lecture

Doconomy Announces the Completion of One of Europe’s Largest Funding Rounds in the Sector

Doconomy, a leading impact fintech company providing banks with innovative tools to drive climate action and financial wellbeing, has announced the closure of one of Europe’s largest funding rounds in the sector. The round was co-led by UBS Next, the venture and innovation arm of UBS, and existing investor CommerzVentures, a pioneering venture capital firm…

30 MAI 2024 · 3 min de lecture

HPS Acquires CR2, an Irish digital banking and payments company

HPS has acquired CR2, a well-established Irish digital banking and payments software company. With offices in Dublin, Dubai, Jordan, India, and Australia, CR2’s flagship platform, BankWorld, is deployed at over 90 banks in more than 50 countries, offering a comprehensive suite of digital banking, digital wallet, and payment functionalities. For the 12 months ending June…

28 MAI 2024 · 1 min de lecture

Swiipr Secures £6M in Series A Funding Led by Octopus Ventures

Swiipr, a travel paytech company transforming the airline industry’s outdated and inefficient disruption payments systems, has secured £6m in Series A funding, led by Octopus Ventures, to help drive the company’s next phase of growth. As the world’s first airline specialised payments platform Swiipr is enabling airlines to digitise disruption payments, greatly enhancing the passenger…

28 MAI 2024 · 2 min de lecture

APOLLO Launches FinShore, a Buy-Now-Pay-Later Subsidiary, with CAD $18.5 Million Funding

APOLLO, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is excited to announce the launch of FinShore, a wholly owned buy-now-pay-later subsidiary. FinShore offers a fully embedded monthly payment option to over 100,000 Canadians insured through APOLLO. The financing for FinShore was secured by Fair Capital Partners Inc. (“FairCap”)…

28 MAI 2024 · 1 min de lecture

Orca Fraud Secures $550K to Combat Fraud in Emerging Markets

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa. The round was led by Norrsken22 with participation…

24 MAI 2024 · 3 min de lecture

PayRetailers acquires Transfera as part of its strategic expansion into Brazil

PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment institution in Brazil. The transaction which is still subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Brank of Brazil is part of PayRetailers’ strategic plan to grow in Brazil – in…

24 MAI 2024 · 2 min de lecture

Kudos secures $10.2 million in funding to enhance its AI-driven smart wallet offerings

Kudos, based in Los Angeles and known for its AI-enhanced smart wallet service, has raised $10.2 million in a Series A funding round. Silicon Valley Journals reports that the round was spearheaded by QED Investors, with contributions from Patron, The Points Guy founder Brian Kelly, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype…

20 MAI 2024 · 2 min de lecture

Saudi Fintech Firm Rasan Targets $224 Million in IPO

Rasan Information Technology Co., a leading fintech company in Saudi Arabia, has announced its intention to raise up to 841 million riyals ($224 million) through an initial public offering (IPO) on the Riyadh stock exchange. This marks a significant milestone as one of the first IPOs by a fintech firm in the Kingdom, as reported…

17 MAI 2024 · 2 min de lecture