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Highperformr has successfully raised $3.5 million in seed funding. This round was led by Venture Highway, alongside contributions from Neon, DeVC, and a group of incredible angel investors. This investment will enable it to develop the platform and provide advanced AI-driven tools that help businesses maximize their return on investment (ROI) from social media through…
Harness, the Modern Software Delivery Platform® company, today announced $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and…
American Express and payment solutions company Worldpay have signed a new agreement which makes it even easier for small businesses to welcome loyal and high-spending American Express Cardmembers. The agreement is part of a continued strategic approach by American Express to fuel the company’s momentum in the UK and expand the number of locations where its Cardmembers can…
Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Bankart, the leading payment processing company in Slovenia and the surrounding region, is migrating its payment services by using Diebold Nixdorf’s proven Vynamic® Transaction Middleware. The cloud-native solution will drive modern payment capability for ATMs, point-of-sale (POS) terminals,…
Fintech Farm, a pioneering technology provider for medium-sized banks in emerging markets, has successfully raised $32 million in a Series B funding round. The round included an initial phase led by Nordstar and an extension led by the Bank of Georgia, listed on the London Stock Exchange. Founded in 2020, Fintech Farm specializes in empowering…
Cutting-edge insurtech company specializing in manufactured home insurance solutions, CoverTree secures $13 million Series A funding round led by Portage, with participation from investors such as AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and more. To date, CoverTree has raised $23M to provide affordable insurance solutions to the growing manufactured housing economy. This Series A investment…
As digital commerce expands, the rise of fraudulent activities remains a significant challenge. The Merchant Risk Council (MRC), in partnership with Visa Acceptance Solutions and Verifi, has released the 2024 Global eCommerce Payments and Fraud Survey, offering essential insights into online payment security and fraud prevention trends. Key Takeaways • Revenue Loss Due to Fraud:…
Seamfix, a leading identity solutions provider with a 17-year track record, has announced a significant milestone in securing $4.5 million from Alitheia IDF, marking its first funding round with an institutional investor. This strategic investment will support Seamfix’s expansion into key African markets, including Ghana, Kenya, and South Africa. Chimezie Emewulu, Seamfix’s Co-Founder and CEO,…
Mangopay, a modular and flexible payment infrastructure provider that offers 360° fraud prevention for platforms, announces the appointment of Ariel Shoham as Vice President of Product for Risk. Shoham joins to lead the product vision, strategy and roadmap for Identity and Fraud Protection at Mangopay, including its award-winning cybersecurity solution. Shoham brings over 25 years…
iwoca, one of the leading SME lenders in Europe, announced today a new debt funding package worth £270 million. This investment brings the total funding received by the company since its inception in 2012 to over £1 billion. The funding includes £150 million (€175 million) in debt financing from Citibank and Insight Investment to support…
As we progressed through Q1 of 2024, the fintech sector is at a pivotal crossroads. Despite an 11% rebound in the broader venture market, fintech funding has decreased by 16% quarter-on-quarter, plummeting to its lowest quarterly level since 2017 with a total of $7.3 billion. This presents a mixed landscape of challenges and opportunities within…
Pleo, the leading European spend management solution, is thrilled to announce the securing of a €40 million debt financing facility from HSBC Innovation Banking UK. This strategic partnership marks a significant milestone in Pleo’s mission to assist businesses at every stage of their growth journey by enhancing financial flexibility and supporting seamless spend management. With…
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