Funding
Freight Payments Platform PayCargo Secures US$125 Million From Insight Partners
PayCargo, a freight payment platform in the U.S., has announced a US$125 million Series B investment by global venture capital and private equity firm Insight Partners. The Series B Round comes just nine months after Insight Partners’ previous investment of
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UK Fintech 10X Future Technologies Raises US$187 Million in Series C Fundraise
10x Future Technologies, London-based cloud banking platform, announced the completion of an oversubscribed US$187 million Series C financing round. The funding round was co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by
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Brazilian Cross-Border Commerce Platform EBANX Bags US$430 Million Ahead of IPO
EBANX, a Brazilian cross-border commerce platform, announced an investment of US$400 million from Advent International and an additional commitment of US$30 million to the company’s planned IPO in the U.S. Advent has made investments in Vantiv, Worldpay, Nets, Nexi, Planet,
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French Crypto Security Provider Ledger Bags US$380 Million in Series C Fundraise
Ledger, a French provider of security and infrastructure solutions for cryptocurrencies and blockchain applications, announced that it has raised $380 million during a Series C funding round led by 10T, a mid- to late-stage growth equity fund that invests in private
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SoftBank Leads Swedish BNPL Firm Klarna’s Mega Fundraise of US$639 Million
Swedish Buy Now, Pay Later (BNPL) platform Klarna announced that it has secured US$ 639 million during a new equity funding round, pushing its post-money valuation to US$ 45.6 billion. The round was led by SoftBank’s Vision Fund 21, with
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German Robo Advisor Scalable Capital Raises €150 Million in Fundraise Led by Tencent
Scalable Capital, a German-based neobroker and digital wealth manager, has raised more than US$180 million (€150 million) in a Series E funding round led by China’s technology company Tencent. This purely primary investment round where existing shareholders participated brings the
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Nubank Bags US$ 750 Million in Two Series G Extensions, Now Valued at US$30 Billion
Brazilian challenger bank Nubank announced that it has raised a total of US$ 750 million during two extensions of its Series G funding round, raising the round to US$1.15 billion. During the first extension, the challenger bank secured US$500 million
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Fintech DACH Trends: Funding Bounces Back in 2020
Despite an initial fall in transaction value and volume in the first half of 2020, fintech funding in Germany, Austria and Switzerland, or the DACH region, rebounded significantly in the second half of the year with EUR 2.2 billion raised
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Canadian ID Verification Firm Trulioo Raises US$394 Million, Valued at US$1.75 Billion
Trulioo, a Canadian global identity and business verification provider, announced that it has completed a US$394 million Series D round at a US$1.75 billion valuation. The Series D round was led by TCV, a growth equity firm, with participation from
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Capchase Secures $125 Million Funding to Launch Financing for Tech Companies
Capchase, a New York-based a platform for recurring-revenue companies to secure non-dilutive capital, has announced a US$125 million Series A investment, led by QED Investors. Additional investors in the round include early backers Bling Capital, ScifiVC and Caffeinated Capital, along
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