Mexican challenger bank albo gets $45m of venture capital funding
Mexican challenger bank albo has secured $45m of VC funding amid plans to become the nation’s answer to Chime.
Mexican challenger bank albo has secured $45m of VC funding amid plans to become the nation’s answer to Chime.
Insurance and investment management giant Prudential Financial has launched a $300m venture capital fund, its first through subsidiary PruVen Capital.
Open banking platform Tink has added another €85m to its coffers in a new investment round-extension co-led by new investor Eurazeo Growth and existing investor Dawn Capital.
Fintech F1 Payments has picked up a strategic recapitalisation and growth investment from private investment house York Capital Management.
Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.
Payments giant Stripe is reportedly looking to raise a funding round which could see its valuation reach somewhere between $70bn and $100bn.
Remote, a HR platform to help manage payroll, benefits and compliance, has closed its Series A round on $35m.
Bumped, which aims to transform everyday spending of consumers into stock ownership, has netted $14.4m in its Series A.
Truebill, which aims to simplify the tracking and management of subscriptions and bills, has closed a $17m Series C round after celebrating the milestone of saving customers a total of $100m.
Climate impact investing app developer Cooler Future has picked up €1.4m of funding from venture capital house Lifeline Ventures and a string of angel investors.
Polish private equity house Innova Capital has sealed its second deal of the week by picking up PayPoint Romania from LSE-listed PayPoint plc.
Credit underwriting software developer Zest AI has closed a $15m investment from Insight Partners.
New York-based VC investor IA Capital has led a $24m investment round for digital insurance agency Matic.
FundThrough, which helps small businesses optimise cash flow by leveraging outstanding customer invoices, has bagged a $50m investment from private equity firm Northleaf Capital Partners.
Payment processing platform Fivestars has reportedly raised $52.5m in its Series D round of debt and equity.
Open source management company FOSSA has closed its Series B round on $23.2m to support the release of its Security Management service. The capital was supplied by Bain Capital Ventures, Canvas Ventures and Costanoa Ventures.
Israeli cybersecurity company Secret Double Octopus has picked up a cash injection from Standard Chartered’s FinTech investment unit SC Ventures.
Automated investing, borrowing and banking platform M1 Finance has finalised its Series C investment round on $45m.
SME spend management platform Spendesk has closed an additional $18m to its Series B round, bringing the round total to $56m.
+Simple, a startup aiming to help simplify insurance underwriting, has closed a €20m funding round amid the acquisition of wholesale broker April Entreprise.
