Funding
Global Climate Fintech Funding More Than Doubled to US$2.9B in 2022
In 2022, funding to climate fintech companies reached a new high, totaling US$2.9 billion in venture capital (VC) raised by companies in the sector, new data from CommerzVentures, the corporate venture capital (CVC) arm of Commerzbank in Germany, show. The
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DailyPay Announces $260 Million in New Funding
DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan
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Fintech Funding Drops 46%; Banking Startups Among Worst Hit
In 2022, fintech companies secured a total of US$75.2 billion in funding, a sum that represents a 46% decline from 2021. Deal counts also decreased, falling 8% year-on-year (YoY) from 5,474 deals in 2021 to 5,048 deals last year, data
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Zurich Insurance Leads Series B Fundraise for Global Cyber Insurtech Boxx
BOXX Insurance, a Toronto headquartered insurtech that combines cyber insurance and security announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest investment was led
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US Fraud Detection Startup Inscribe Raised 25M USD Series B
Inscribe, a fraud detection and document automation platform, announced that it has raised $25M in Series B funding. The round was led by Threshold Ventures and joined by existing investors Crosslink Capital, Foundry, and Uncork Capital, as well as angel
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PayEm Announces $220M in Equity and Credit Financing
PayEm, a San Francisco based platform for spend and procurement management announced $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. “This is a significant milestone in the
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Swiss Lending Platform TP24 Secures Mezzanine Funding From Channel Capital
Zurich-based lending platform TP24 announced that it has secured mezzanine financing for an undisclosed sum from Channel Capital Advisors. The mezzanine funding will enable TP24 to free up equity capital to fuel its business growth and drive its global expansion
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Hawk AI Accelerates Global Expansion With $17 Million Series B
Hawk AI, a Munich-based provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion. The funding round was led by Sands Capital from
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Will 2023 Be The Year of B2B Fintechs?
2022 was a trying year for the fintech industry which faced uncertainties related to geopolitical conflicts, supply chain challenges, as well as rising inflation and interest rates. Macroeconomic headwinds weighed on consumer-facing businesses, forcing many to undergo mass-layoffs and scale
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SIX Ventures and Circle Invest in Swiss Blockchain Startup Obligate (FQX)
Obligate, formerly known as FQX, announced it has successfully closed a seed extension funding round, allowing them to scale their blockchain-based platform for bonds and commercial paper. Blockchange Ventures and Circle Ventures join initial seed co-investors Earlybird and SIX Fintech
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