Berlin-based financial technology company Topi (website) raises $45 million from investors. The fintech offers dealers a platform through which they can offer their products for rent. This way, medium-sized companies, for example, can equip themselves with new computers, smartphones, or printers - without high one-off costs.
Fintech startup Tortoise, a platform that rewards consumers for saving for their purchases, has received an undisclosed amount of funding from Sriharsha Majety, co-founder and CEO of Swiggy, and Lizzie Chapman, co-founder and CEO of fintech ZestMoney, as part of a mentorship round.
The Kenyan embedded finance fintech company Pezesha (website) secured an $11 million pre-Series A equity round led by Women's World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain maker Input Output Global (IOG). The round also included a $5 million loan from Talanton and Verdant Capital Specialist Funds.
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 partnership with Mastercard, the fintech has developed a credit card that allows U.S. customers to assign credit to their friends and family members.
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.
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.
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.
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.
