Funding
Wise Closes £300M Syndicated Debt Facility Led by Silicon Valley Bank UK
London-based global remittance firm Wise has closed a £300 million capital facility in a financing round led by Silicon Valley Bank UK, with six other banks participating. The syndicated facility, which was arranged by the bank’s corporate finance team, has
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European Fintech Growth Cools Down
After a decade of growth, the European fintech ecosystem is entering a period of cooling and consolidation reflected by a dropping number of new fintech companies being founded, decreasing funding activity and a decline in exit deals, a new report
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neon’s Crowdfunding Campaign Reaches CHF 5 Million on Its First Day
Swiss neobank neon’s crowdfunding campaign reached CHF 5 million of its CHF 10 million target with more than 2,000 investors participating on the first day of the campaign. The campaign, which runs from October 25 to 31, is offering two
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Moneyhub Kicks Off Fundraise With £40M From Legal & General, Lloyds Bank
Open finance platform Moneyhub has secured an initial £35 million in its latest funding round led by asset manager Legal & General and Lloyds Banking Group, with an additional £5 million debt facility provided by Shawbrook Bank. The investment will
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Zuger Lending Startup i2 Group bekommt 3.8 Mio. Franken Finanzierung
Das Zuger Fintech i2 invest hat im Rahmen einer überzeichneten Finanzierungsrunde die Finanzierung um insgesamt 3.8 Mio. Fr. erhöht. Zu den Investoren gehören Schweizer Business Angel und ein englischer Hedge Fund-Manager. Zudem beteiligten sich zwei Family Offices an der Runde.
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vestr Raises CHF 10M in a Round Led by Raiffeisen Bank’s Elevator Ventures
Swiss investment management technology company vestr has raised CHF 10 million in a funding round led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI). The round was said to include high profile family offices as
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TripActions Raises US$150M at US$9.2B Valuation as Business Travel Recovers
Travel expense management platform TripActions has raised a US$300 million Series G at a US$9.2 billion post-money valuation. The raise is a combination of US$154 million in equity and a US$150 million structured capital transaction led by Coatue. The announcement
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BNPL Startup HeidiPay Gets Funding From Mediobanca’s Credit Arm Compass
Swiss BNPL startup HeidiPay has closed a new funding round led by Italian banking group Mediobanca’s consumer credit arm Compass. The amount, which comprised equity and debt financing, was not disclosed. The funding builds on the companies’ existing partnership in
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Railsr Raises US$46M Series C to Grow Its Embedded Finance Platform
London-based embedded finance platform Railsr, formerly known as Railsbank, has closed a US$46 million Series C led by Anthos Capital. The round comprised US$26 million equity, as well as US$20 million debt from Mars Capital. Existing investors Ventura, Outrun Ventures,
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Sygnum Partners With T&B Media to Raise US$300M to Fund Its Metaverse Platform
Sygnum, a digital asset technology group with a Swiss banking licence and a Singapore capital markets services licence, is partnering Thai media group T&B Media Global to raise over US$300 million to fund its new interconnected metaverse platform. The raise uses
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