Posts Tagged ‘funding’

Russia’s Alfa Bank invests in fintech fund Corviglia Capital

Alfa Bank, Russia’s biggest private bank, is backing a recently launched fund which aims to invest $500 million in fintech, as part of a search for innovative ideas and systems. Alfa did not say how much it was investing in Corviglia Capital, launched last week, but said it would be a cornerstone investor in the fund. Corviglia, […]

India startup funding: Fintech, Foodtech find favour with investors as of September 2018

Fintech and Financial Services have cornered a huge chunk of the funding raised this year. Fintech startups accounted for 99 of the 660 deals made this year — $1.60 billion of the total equity funding raised ($9.14 billion). Financial services accounted for $248 million across 16 deals. Other sectors that found favour with investors in the […]

British fintech startup Futrli raises £4 million for its small business-focused platform

Brighton-based startup Futrli that has built a financial forecasting and reporting platform for small businesses has raised £4 million in its first round of funding from e.ventures, Notion Capital, and firstminute Capital. Futrli’s platform integrates with financial and accounting tools already used by the customers, including Excel sheets, to provide small businesses with reports and forecasts […]

Israeli fintech co FundGuard raises $4m

Israeli fintech company FundGuard has raised a $4 million financing round led by Blumberg Capital and LionBird. FundGuard will use the capital to accelerate the development of its platform and Contingency NAV product as well as to bring operational efficiencies afforded by AI and cloud technologies to market. FundGuard helps asset managers, custodian banks and fund […]

Foxquilt raises $1.2 million to help people save on insurance by buying in groups

Toronto-based Foxquilt has announced a close of $1.2 million in a seed round led by Extreme Venture Partners. Foxquilt enables consumers and small businesses to join groups with similar needs to achieve a discount off their premium, reduce deductibles, and be rewarded at renewal should their claims experience be in line during the past year. The […]

GREE Ventures backs seed round for Indonesian fintech startup CROWDE

Indonesian agriculture-focused fintech startup CROWDE has announced the closing of an undisclosed seed funding round led by GREE Ventures and joined by CREVISSE Partners and local prominent angels. The company will use the capital to accelerate the development of its fintech platform targeted at Indonesia’s agriculture sector. CROWDE allocates capital raised through its platform to […]

Penta, the German challenger bank account for SMEs, raises €7M Series A

Penta, the German fintech startup that offers a digital bank account targeting SMEs, has raised €7 million in Series A funding. Backing the company once again is Inception Capital, with total funding now at €10 million since Penta was founded in May 2016. Read more

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 […]