Category: Fund Raising
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Peter Thiel And Other Investors Provide Mondu $40 Mio
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Competition in the “buy-now-pay-later” segment is fierce. While Swedish pioneer Klarna has just laid off hundreds of employees, Berlin-based Mondu secured another investment. Malte Huffmann, Philipp Povel, and Gil Danziger founded the fintech in Aug 2021 and secured €13 Mio in a seed financing round. Now they successfully raised around…
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Brazilian Fintech Marvin get $15 Million Series A Round
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Brazilian fintech firm Marvin has secured $15 million in Series A financing, led by U.S. venture capital firm Canaan. Founded in 2020, Marvin is a B2B payment platform that allows merchants to use credit card receivables as collateral for working capital or short-term loans. The merchant thus can bypass the…
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Web3 Fintech Merge Comes Out of Stealth Mode With $9.5 Million Seed Financing!
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Merge (www.mergedup.com)wants to bring the banking and payment infrastructure into the Web3 economy. After the great excitement about web3 in 2021, more and more new start-ups are emerging to provide financial infrastructure. Merge is one of them. The FinTech was founded by Kebbie Sebastian, a former executive at PayPal and…
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Despite Klarna Crisis: Buy-Now-Pay-Later Fintech Mondu Secured $43 Million!
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While the fintech industry is preparing for a hard landing after the booming years, Berlin-based Mondu secured $43 million. This is the second-largest fintech funding this year right behind the €75 million credit card startup Moss received in January. As Mondu announces, Peter Thiel’s Valar Ventures is leading the round…
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Clear Street Reaches Unicorn Status After A $165 Million Round
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New York-based Capital markets fintech Clear Street has secured $165 million in Series B financing and earned the unicorn status. The round was led by private equity firm Prysm Capital. It was the fintech’s first venture capital raising since its inception four years ago, giving it a valuation of $1.7…
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Indian Fintech Jar Seeking $50 Million Funding Round
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Indian fintech company Jar, which closed a $32 million funding round in February this year, talks about new funding as it looks to scale its product and expand its offering. According to four people familiar with the matter, the Bengaluru-based startup is in talks with several investors to raise about…
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Swiss Bitcoin Fintech Relai Receives €2.16 Million Funding!
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The Zurich-based crypto platform Relai plans to expand its user base and offer additional features such as a Bitcoin debit card in its app. Despite the recent crash of crypto prices, investors continue to invest privately in cryptocurrencies. Zurich-based Bitcoin app Relai has received €2.16 million in its latest round…
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British Fintech Kapaga Secured £1.5 Million From Target Global
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The UK-based cross-border payment platform for SMEs, Kapaga, has closed a £1.5 million funding round. The investment was led by Target Global, with participation from angel investors from the fintech industry, including Chris Adelsbach, Andreas Mihalovits, and Mark Ransford. With the new money in the cash register, Kapaga wants to…
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Viola Credit Closes a $700 Million Fund to Support FinTech Startups in asset-based lending
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Fintech startup and alternative loan manager Viola Credit has closed its latest $700 million fund, TechCrunch reported. The fund will provide asset-based lending capital to fintech lenders such as Affirm, which offers installment plans to consumers. Israel-based Viola Credit provides the credit capital for these claims. Another example is Market…
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Breaking FinTech News: Klarna Lays Off Almost 10% Of Its Workforce!
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In 2021, the Swedish fintech Klarna was valued at around $46 billion making it the highest valued European FinTech. The company employs almost 7,000 people and announced to lay off 700 of them. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement to his employees in a pre-recorded video message…