Category: Fund Raising
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FinTech Startup Pomelo Receives $70 Million In Seed Funding!
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San Francisco-based Pomelo receives $20 million in venture capital and a $50 million credit facility in a round led by Founders Fund and A* Capital, with participation from Afore Capital, The Chainsmokers, and The Weeknd, among others. Pomelo’s platform combines consumer loans and money transfers with no transfer fees. In…
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South Korean Fintech FOMO Pay Raises $13 Million To Develop CBDC projects!
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Singapore-based fintech company FOMO Pay (website) announced that it had received $13 million in funding in its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital. Founded in 2015, FOMO Pay Pte Ltd is a major payment institution…
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AtoB Raises $155 Million To Build The Stripe Of Transportation
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U.S.-based fintech company AtoB has received US$155 million in Series B funding to fix the trucking industry’s broken payment system. AtoB, a San Francisco-based fintech company seeking to improve the trucking industry’s broken payments system, has received $155 million in Series B funding.
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Fintech Is Put Through The Wringer By Tiger Global And SoftBank
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The recent troubles of fintech investment giants SoftBank and Tiger Global raise questions about the future funding of some of the most valuable fintechs. SoftBank and Tiger Global, known for their open checkbooks and overzealous fintech funding approach, lost billions of dollars as fintech and tech companies have gone under.
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Fintech CredAble Raises $9 Million!
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Supply chain financing platform CredAble raised $9 million, led by private lender Axis Bank. Existing investor Oaks Asset Management also participated in the funding round. The company raised $30 million last October as part of its Series B financing, which was co-led by Plutus Management LLP and Oaks Asset Management.
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UNOAsia Raises US$11Mil Preseries A!
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Singapore-based fintech company UNOAsia Pte Ltd, the principal founder of UNO Digital Bank in the Philippines, has secured US$11 million (RM48.9 million) in a pre-Series A round led by Creador Private Equity. UNOAsia is one of six licensed digital banks in the Philippines.
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Munich-Based FinTech Startup Pigtie Receives Six-Figure Pre-Seed Investment!
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Pigtie (website) receives its first investment from business angels for its vision to become the financial home of Generation Z and all generations to come. The startup is developing a holistic financial platform that empowers its user’s to take their finances into their own hands. The Munich-based FinTech startup was…
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Monkee: 1.5 million euros for the “Save Now Pay Later” startup
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Save Now Pay Later (SNBL) has become a major trend in the FinTech space. The idea is to get users of fintech apps to save money later to buy products from partner merchants at a lower price. The Austrian SNBL startup Monkee (website) secured €1.5 million in its third round…
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$10 Fillion For Viennese Controlling Fintech Helu
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Founded in 2020, the fintech Helu (website) has set itself the goal of becoming the standard for SMEs in reporting, controlling and budgeting. Now the Viennese company has secured $10 million in funding in a Series A round led by CommerzVentures and VC firms IRIS and Speedinvest. This brings the…
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Sudanese Fintech Bloom Gets $6.5M!
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Bloom (website), a Sudan-based fintech company that offers a high-interest savings account and digital banking services, has secured a $6.5 million seed round funding. That funding round included fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital, and UAE-based early-stage venture firm VentureSouq.