Posts Tagged ‘funding’

Fintech Startup Wallex Raises Pre-Series A Funding Round Led By BEENEXT

Wallex Technologies, a fintech startup based out of Singapore, has closed its pre-Series A funding round, without disclosing the amount raised. The round was led by BEENEXT, along with the participation of Central Capital Ventura and Indonusa Dwitama. The company develops an online cash management platform, focused on serving SMEs in Southeast Asia. The newly […]

The question advisors need to ask fintechs: What about your funding?

There are a number of different funding sources available for firms to choose from, including venture capital, synergy buyers, public equity, organic growth and private equity. Each option has distinct benefits, though none are free of potential drawbacks with implications not only for the success of the firm, but also the advisors who use their […]

Fintech Firm Kooltra Raises $6.5m for Cloud FX Expansion

Canadian fintech company Kooltra has closed a $6.5 million Series A funding round, as it bids to expand its cloud-based foreign exchange (FX) solution for financial institutions. The Toronto-based firm received its latest round from investors including Hyde Park Venture Partners and Round 13 Capital, bringing the company’s total cash injection to $8.1m. Kooltra, whose […]

Ethereum Cofounder Invests US$6.5 Million in a Blockchain FinTech Startup

Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of ConsenSys, has invested US$6.5-million as part of the Series A funding raised by a blockchain-based fintech startup DrumG Technologies, founded by several senior-level executives from R3, an enterprise blockchain software company, and Ethereum’s competitor. DrumG is working on building enterprise distributed ledger applications for the […]

Vietnam’s Tima raises US$3M in Series B funding round, nearing US$20M valuation

Vietnamese fintech startup Tima has raised a US$3 million Series B funding round from private equity fund Belt Road Capital Management, pushing the company’s valuation close to US$20 million. The funding will be used to support Tima’s expansion to 63 cities in Vietnam, as well as to invest more in tech development and talent acquisition. Founded in […]

U.S. fintech startup Stripe valued at $20 bln in latest funding round

Payments startup Stripe has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers. The new funding round values San Francisco-based Stripe, whose products make it easier for companies to accept online payments and bill customers, at $20.25 billion, a dramatic surge from its most recent $9.2 […]

Fintech Startup Cleo Raises $10M in Series A Funding

Cleo, a London, UK-based fintech startup that allows people to track spending, raised $10M in Series A funding. The round was led by Balderton Capital, with participation from Niklas Zennström, founder of Skype, Taavet Hinrikus, founder of TransferWise, and seed fund LocalGlobe. The company is using the funds to hire new people, continue to develop […]

SA fintech JUMO closes $52m round led by Goldman Sachs

SA fintech JUMO announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the private sector financing arm of the French Development Agency, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. The startup’s platform helps facilitates digital financial services such as credit and savings in […]

Finhaven raises $6.6 million Series A to build tokenized securities exchange

Finhaven has raised a $6.6 million CAD Series A round. The funding was led by Dunamu & Partners, with participation from Lanebury Growth Capital Ltd., Medici Leading Enterprise Fund, TheVentures, and two unnamed individual investors. Finhaven is building a tokenized global securities exchange supporting the issuance and investment of digital securities, and providing a marketplace […]

Responsive raises $1.1 million to help wealth managers predict client behaviour

Vancouver-based Responsive has raised $1.1 million in a seed round led by Plug and Play Ventures, an early investor in PayPal, Dropbox, and Lending Club. Responsive’s platform targets banks and private managers. The funding will be used to integrate the work of Logan Grosenick, Responsive’s VP of research, that entails identifying if people are anxious or […]