Posts Tagged ‘financing’

P2P lending fintech startup KoinWorks just capped a total of US$15.7M funding

Indonesia-based P2P lending fintech startup KoinWorks has officially become a Series A-company after announcing yesterday that it has received a total of IDR 230 Milyar (US$15.7M) funding led by Mandiri Capital Indonesia, with Gunung Sewu and Convergence Venture taking part. The funding would be the start of the company’s focus on developing a safe, innovative, and […]

Upgrade, Inc. Closes $62 Million Series C Round

Upgrade, Inc. has closed its Series C round of financing led by CreditEase Fintech Investment Fund. The new financing will fuel Upgrade’s continued product innovation on the heels of the recent launch of its Personal Credit Line and the expansion of Credit Health, Upgrade’s credit monitoring and education product. Upgrade is a consumer credit platform that […]

The Future Is Not Bright For Most Angel-Stage Fintech Startups

The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry hoopla around it, but the success rate for a startup to make it in these fields — or for that matter any of 15-plus fintech segments — is slim. According to a new Medici report titled “Democratization of Startup Financing,”, […]

China’s Ant Financial raises $14bn to become biggest fintech firm

Chinese digital payments giant Ant Financial announced that it had raised $14 billion in its latest financing round. The funds will be invested in new technologies and to accelerate Alipay’s expansion abroad and into new sectors. Ant Financial did not provide a total value for the company, but Bloomberg News recently reported it was raising funds […]

Real Estate Fintech Startup Obligo Raises $5 Million

Fintech startup Obligo Inc. has announced the completion of a $5 million seed financing round, which was led by Israel-based venture capital firm 83 North and participated by Entrée Capital, HFZ Capital, and Viola Credit. Obligo offers an alternative to the security deposit—the sum of money required by most landlords when renting an apartment. Obligo’s solution has renters […]

Israeli fintech co Reach raises $3.5m

Israeli fintech company REACH, formerly Seegnature, has completed a $3.5 million A financing round led by US venture capital fund NFX, a fund managed by founding partner Gigi Levy-Weiss. REACH has now raised a total of $5 million. REACH has developed a platform for remote management of transactions and face-to-face meetings. The company provides a […]