Wefox scores $650m C round

Wefox, a Berlin-based insurtech startup, raised $650m in Series C financing led by Target Global at a post-money valuation of $3bn.

Stori snares $32.5m Series B led by LightSpeed

Stori, a Mexico-City-based credit-card provider, snared $32.5 million in Series B funding led by Lightspeed Venture Partners, with participation from existing investors, including Vision Plus Capital, BAI Capital and Source Code Capital.

RecargaPay bags $70m Series C

RecargaPay, the Brazilian Fintech that lets people top-off their mobile phone cards online or by app, raised $70 million in Series C funding from Fuel Venture Capital and IDC Ventures, with participation from LUN Partners, Experian Ventures and ATW Partners.

Insurely raises $3m

Insurely, a Stockholm-based digital insurance platform, has raised €2.5M in a round led by Swedish venture capital firm Luminar Ventures.

Descomplica banks $84.5m investment

Valor Capital Group, Península Participações, CZI and Amadeus Capital Partners and U2’ guitarist The Edge.

AppMan snags $4.6m Series A

AppMan, a Thailand-based insurtech platform, has raised US$4.6m in Series A funding from investors including Siam Alpha Equity, Krungsri Finnovate, Casmatt, KTBST Group, POEMS Ventures.

InsurePay inks $5m Series A

InsurePay, a Sarasota, Florida-based workers' compensation administration and insurance premium billing platform for insurance providers, has completed a $5 million Series A round of financing, led by Nashville-based FINTOP Capital with participation from a number of other strategic industry investors.

DeFi Insurer Nexus Mutual Raises $2.7m in NXM Token Sale

Nexus Mutual, which provides a decentralized alternative to insurance, has raised $2.7 million in an NXM token sale led by Collider Ventures with participation from Nick Tomaino’s 1confirmation, Blockchain Capital, Version One, Dialectic, 1kx and several angel investors.

Blockchain.com raises $120m

Blockchain.com, the exchange operator and wallet provider headquartered in London, has closed on a $120m strategic financing round from investors including Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV (aka Google Ventures), Lakestar, Eldridge, and more.

Raquest nabs strategic investment

Raquest, a German software provider that helps banks process foreign withholding taxes digitally, has received a strategic investment from the venture arm of Swiss core banking vendor Avaloq.

Personetics bags $75m

Viola Ventures, Lightspeed Ventures, Sequoia Capital, Nyca Partners

Coinbase Ventures, Paradigm Invest $12m in Synthetix DeFi Platform

Synthetix, a decentralized trading platform, has raised $12 million from Coinbase Ventures, Paradigm and IOSG.

Swam Association snags $6m in private token sale

Swarm Association, the team behind the development of an Ethereum-based decentralized storage network, has raised $6 million in a private token sale.

Talem Health snags $1.8m

Talem Health Analytics, a Nova Scotia-based insurtech startup which provides insurance professionals a platform for analyzing third-party medical expenses for liability and no-fault auto claims, has closed a CA$2.3 million (US$1.81 million) seed round, led by Build Ventures, with participation from Innovacorp, HOLT Accelerator, as well as all existing and current angel investors.

ProcessMaker raises $45m Series A

ProcessMaker, a Durham, North Carolina-based no-code/low-code open source process automation platform provider which focuses primarily on applications for mid-market banking, higher education, and manufacturing, has closed $45 million in Series A funding from Aldrich Capital Partners.

Pago46 scores $3.5m

Mortgage Market bags Series A

Mortgage Market, a Johannesburg-based fintech startup that has created an online marketplace for home loans, has secured R10-million (~$693k) in a Series A funding round led by IDF Capital.

Insightin Health raises $12m Series A

Insightin Health, a Baltimore, Maryland-based startup which offers AI-driven decision-making technology that enables health insurers to reduce costs and improve growth and retention by improved engagement with members, has raised a $12 million Series A funding round, co-led by the Blue Venture Fund (a collaboration between Blue Cross Blue Shield (BCBS) companies, the Blue Cross Blue Shield Association, and Sandbox) and Blue Heron Capital, an operationally focused healthcare growth equity fund, with participation from existing investors Health Catalyst Capital, Revolution's Rise of the Rest fund, and SaaS Ventures.

Jackpocket inks $50m Series C

Jackpocket, the provider of a licensed third-party app to securely order official state lottery tickets, has completed a $50 million Series C funding round from investors such as Raine Group, Greenspring Associates, Circle K Ventures, TEGNA Ventures, BRV Capital, and Gaingels as well as a number of individual investors.

Labelbox closes $40m Series C

Labelbox, , the San Francisco-based training data platform for enterprise machine learning applications, today announced the close of a $40 million Series C funding led by B Capital Group. Previous investors Andreessen Horowitz, First Round Capital, Gradient Ventures (Google’s AI venture fund) and Kleiner Perkins also participated in addition to Catherine Wood, CEO and founder of ARK Invest.

Treinta announces $500K+ in funding for its microbusiness financial app

Treinta, a Colombia-based startup offering bookkeeping and accounting software for SMBs, has raised north of 500k in total funding.

Mymonii raises $820k in new financing

Mymonii , the Copenhagen-based creator consumer finance mobile apps for families, has completed a financing round totaling DKK 5M ($820k).

Celo raises $20m

Celo, the mobile-focused blockchain payments startup, has raised $20 million from Andreesen Horowitz

Northmill raises €24.7m

Northmill Bank, the Sweden-based digital bank, has raised about €24.7 in new funding, led by M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.

PayZen inks $5m seed raise

PayZen, a San Francisco-based startup that pays hospitals upfront for patient invoices and offers patients zero-interest, fee-free payment plans, has emerged from stealth with more than $5 million in seed financing. The company was incubated with Viola Ventures in 2019, with more recent investments coming from Picus Capital, TWO39 Ventures, and others.

BharatPe bags $108m Series D

BharatPe, the New Delhi-based financial services company for merchants, has raised $108 million in a Series D equity round, at a valuation of $900 million, led existing investor Coatue Management, with participation from Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital.

UpEquity closes $25m Series A

UpEquity, the Austin, Texas-based tech-enabled mortgage platform, has closed on $25 million in Series A funding led by Next Coast Ventures, consisting of $7.5 million of equity financing and $17.5 million of venture debt.

Valiu scores $5.25m seed raise

aliu, a blockchain-based international remittance firm based in Colombia, has raised $5.25 million in seed funding, led by Blockchange Ventures and Anthony Pompliano (via Pomp Investments).

Safepay raies seed round

Safepay, the Pakistan-based payments technology provider raised a seven-figure (USD) seed funding round from Stripe with participation from other local and international investors including Berlin-based Global Founders Capital, US-based HOF Capital, Soma Capital, and Mantis Venture Capital, as well as Pakistani VC Fatima Gobi Ventures.

Libeo raises series A

Libeo, a Paris, France-based startup that simplifies invoices and payments for SMEs, has closed a €20 million Series A round with DST Global, Serena, Breega and LocalGlobe.

Tillit, a fintech offering buy now, pay later for B2B purchases, is closing in on investment from Sequoia

Tillit, a fintech offering buy now, pay later for B2B purchases, is closing in on investment from Sequoia

Purpose Financial scores $53.5m investment From Allianz X

Purpose Financial, a Toronto-based company which is creating new products and solutions in segments of the financial services market that have traditionally been underserved, has received a $53.5 million investment from Allianz X.

Marble bags $2.5m in seed funding

Marble, a New York-based startup providing a digital wallet and loyalty platform for insurance, secured $2.5 million in seed round funding from IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments. Marble is currently in beta and plans to open its platform to any U.S. personal policy holder in March 2021.

Briza closes $8m Series A

Briza, the Toronto-based commercial insurance-as-a-service API provider, has announced the closing of a USD $8 million Series A round, led by Investment Group of Santa Barbara, with participation from existing investors including 500 Startups.

Nymbus scores $53m Series C

NYMBUS, the Miami-based provider of banking technology solutions, has raised a $53 million financing round led by existing investor Insight Partners.

TomoCredit raises $7M to help the cash rich and credit poor

TomoCredit, a San Francisco-based credit card provider that helps first-time borrowers build credit history, based on their cash flow, rather than on their FICO or credit report ratings, has raised a $7 million seed round from investors including KB Investment Inc. (KBIC), Kookmin Bank, along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures, Strong Ventures and angels.

Level closes $1.5M to provide financial services to gig workers

Level, a Seattle-based startup that offers credit to gig workers, raised (in late December) a $1.5 million pre-seed round, co-led by NextView and Untapped, with participation from TechStars, Acumen, and Ascend.vc.

Symend raises $43m Series B Extension 

Symend, a Alberta, Canada-based digital engagement platform that uses behavioral science and data-driven insights to empower customers to resolve past due bills, raised a US$43 million Series B+ round, led by Inovia Capital, with participation from a consortium of investors, bringing the company’s total funding to date to over US$100 million.

Franction Technologies raises new round

Fraction Technologies, a Canada-based startup that allows homeowners to unlock up to $1.5M of their home equity while staying in their home, has raised C$289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others. The company will be preparing for its launch in the U.S.

App Sola bags $10m

SoLo Funds, the Los Angeles-based P2P lending app provider, has raised a $10 million Series A investment, led by ACME Capital, with participation from Impact America Fund, Techstars, Endeavor Catalyst, CEAS Investments and others.

Progcap raises debt financing

Progcap, the India-based provider of working capital loans, has raised Rs 10 crore (about $1.37 million) in a debt funding round led by Stride Ventures.

UNIPaaS banks $10m seed raise

UNIPaas, a Tel Aviv-based payments solution provider for digital marketplaces and B2B SaaS companies, has raised a $10 million seed round led by TPY Capital with participation from several global fintech leaders as well as FJ Labs, and other individual investors.

Trade Ledger inks £13.5m Series A

Trade Ledger, the UK-based global technology provider to the commercial banking and financial services industry, has raised a total of £13.5 million to complete its Series A funding round. The equity round was led by Point72 Ventures, with strong participation from Foundation Capital, who led the debt tranche closed previously, Court Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors.

Mesh Payments raises $13m

Mesh Payments, a New York-based startup that is transforming the way corporate payments are processed, paid and managed, has raised a $13 million financing round, led by TLV Partners, with participation from Meron Capital, R-Squared Ventures, an angel fund founded by Roy Rubin and Roy Erez, and a consortium of fintech founders and investors led by fintech VC Ryan Gilbert.

DigitalOwl bags $6.5m in seed raise

DigitalOwl, an Israel-based provider of AI-powered medical claim analysis software, has emerged from stealth with $6.5 million in seed funding from Beyond Ibex, Fusion LA, Menora Mivtachim, and Mobileye founder Amnon Shashua.