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Rapyd, the global Fintech as a Service company, secured $300 million in a Series D financing round led by Coatue, with participation from new investors including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital. – PR Newswire
Zipmex, a digital assets exchange headquartered in Singapore, has raised $6 million in funding led by Jump Capital. – TechCrunch
Groundspeed Analytics, the Ann Arbor, Michigan-based commercial P&C insurance software provider, has raised a Series C investment from Insight Partners with participation from existing investor Oak HC/FT. – PR Newswire
UnitedHealth Group has agreed to buy Change Healthcare, which is 20% owned by Blackstone Group, and provides billing and payment process services to more than 2,000 payers and 1 million providers, for $7.84 billion in an all-cash deal and the assumption of the Change Healthcare’s $5bn in debt. – Reuters (Vishwadha Chander)
Bibit, a Jakarta-based robo-advisor app that wants to make investing more accessible in Indonesia, has raised $30 million from Sequoia Capital India, with participation from returning investors East Ventures, EV Growth, AC Ventures and 500 Startups. – TechCrunch (Catherine Shu)
Color, a San Francisco-based startup that is building public health technology and infrastructure for governments, employers, and other institutions that serve large populations, has raised a $167 million Series D financing round, led by General Catalyst and funds and accounts advised by T. Rowe Price Associates, Inc., with participation from Viking Global Investors and others, which brings Color to $278 million in total financing, with a valuation of $1.5 billion. – PR Newswire
Zerone Microsystems, a New Delhi-based provider of an app that converts any smartphone into a payment terminal, has raised $1.3 million in a pre-Series A round, led by Indian Angel Network (IAN) with participation from IAN Fund and The Chennai Angels (TCA). – VCCircle (Joseph Rai)
Ondato, the Lithuanian identity verification company, has scored $2m in seed capital from Startup Wise Guys and OTB Ventures. The company will be moving its headquarters to London. – UKTN
PAID Network, a Toronto-based startup building a decentralized SMART Agreement DApp powered by Polkadot, has closed a $2 million funding round led by Alphabit Fund & Master Ventures, with participation from A195, AU21, Brilliance Ventures, Phoenix VC, and X21. – PR Newswire
Finja, the Pakistan-based digital lending and payments management platform, has collected $9m in its Series A funding round, from ICU Ventures and previous backers BeeNext, Vostok Emerging Finance, Quona Capital and Gray MacKenzie Engineering Services. – FinTech Global
Oxygen, the San Francisco-based digital banking platform, has raised $17 million in a Series A round that included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures, in addition to celebrity and prominent fintech investors, including Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG, William Hockey, Co-Founder of Plaid, Ankur Nagpal, Founder and CEO of Teachable, Peter Treadway, and NFL wide receiver Larry Fitzgerald. – Business Wire
Coinrule, the UK-based automated trading platform, has raised about €570K via Seedrs crowdfunding platform, valuing the company around €1.6 million. – IBS Intelligence
Rendin, an Estonian proptech startup that wants to improve the home rental experience, including offering a no-deposit feature, has raised €1.2 million in a seed round backed by Tera Ventures, Iron Wolf Capital, Truesight Ventures, Atomico’s Angel Programme and Startup Wise Guys. – TechCrunch (Steve O’Hear)
Navisteps, the Singapore-based expense and travel management platform, has bagged $1m in its pre-seed funding round, backed by a handful of angel investors, including KPMG Advisory partner Yasuhide Fujii and SpringLiner CEO and founder Takuya Aiba, to support growth into new markets in Asia. – Fintech Global
DXY, the China-based digital healthcare technology company, completed a USD $500 million financing led by Trustbridge Partners, and followed by Tencent Investment and GL Ventures. – PR Newswire
Dongnae, the Seoul-based proptech startup looking to digitize the rental and home-buying market in South Korea, closed a $4.1 million seed round, led by Flybridge and MetaProp, with participation by Goodwater Capital, Maple VC and a variety of strategic angel investors in both Korea and the U.S. – TechCrunch (Jordan Crook)
Judo, the Australian Challenger bank for SMEs, has reportedly raised $280 million in a Series D round, with 60% coming from new investors, which values the company at more than $1.6bn – The Australian
Vauld, a Singapore-based cryptocurrency lender, has raised $2 million from an assortment of investors including Coinbase Venture, Pantera Capital, and Compound founder Robert Leshner. – The Block (MK Manoylov)
founder Robert Leshner. – The Block (MK Manoylov) GLITCH, a Hong Kong-based blockchain startup developing a protocol to facilitate trustless money markets, has received a seed investment from Spark Digital Capital. – Medium
Perch Credit, a Los Angeles-based startup that provides an app for people to build credit through nontraditional payments, closed a $2.5m seed funding round, which was backed by investors including Marcy Venture Partners, Citi, Softbank Opportunity Fund, Concrete Rose and Village Capital. – FinSMEs
Metechi, a New York-based provider of an AI-powered debt trading platform that facilitates the buying, selling, origination, and syndication of commercial loans at scale, has raised $5 million in an investment round led by angel investors including Shimon Weintraub, the Co-Founder of Brack Capital Group. Former CEOs of Bank Hapoalim and prominent CRE investors, Zion Kenan and Ari Pinto also participated. – PR Newswire
Liberis, a London-based global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB), which brings its total funds raised to £200m, including over £50m in equity funding. – PR Newswire
LifeRaft the Oakland, California-based provider of supplemental health insurance, raised $3.5m in seed funding co-led by Costanoa Ventures and XYZ Venture Capital, as reported by Crunchbase News.
Pine Labs, the India-based payments and merchant commerce company, has raised a fresh round of funding from Lone Pine Capital, which values the company at over USD $2 billion. – Pine Labs The round was reportedly between $75-$100 million. – ET
Vise, the New York-based AI-powered investment management platform provider, has secured $45 million in a Series B round, led by Sequoia Capital with participation from Allen & Company, Founders Fund, and Greenoaks Capital as well as Michael Ovitz and Nikesh Arora who will be joining as advisors. – PR Newswire
CoinDCX, the Indian crypto exchange, has raised $13.9 million in a Series B round led by Block.one, with participation from Temasek, Coinbase Ventures, Jump Capital, Uncorrelated Ventures, Polychain Capital, Mehta Ventures, and Alex Pack, a former managing partner of Dragonfly Capital who joined Huobi's investment unit last month. – The Block (Yogita Khatri)
Tradefeedr, a London-based startup that allows clients to query and analyze their FX trading data from participating liquidity providers and ECNs via a standardised API, has raised $3 million in early-stage financing, with the majority of the new funds coming from IPGL, the private investment company owned by Lord Michael Spencer, and subsequently financial technology business, NEX plc. – PR Newswire
Topl, a Houston, Texas-based blockchain ecosystem built to prove a company’s ethical and sustainable practices, closed a $3m seed funding round, led by Mercury Fund with participation from GOOSE Capital, Chingona Ventures, Beni Venture Capital, Blue Collective, RevTech Ventures and Social Impact Capital. – FinSMEs
Qualia, a San Francisco-based digital real estate closing technology company, bagged $65 million in a Series D round, led by existing investor Tiger Global, alongside other existing investors 8VC and Menlo Ventures, increasing its total funding to $160 million and valuing the five-year-old company at over $1 billion. Additionally, Qualia acquired Adeptive Software, the Superior, Colorado-based developer of ResWare, a complementary title and escrow production software. – GlobeNewswire
Qualia acquired Adeptive Software, the Superior, Colorado-based developer of ResWare, a complementary title and escrow production software.
Trigo, a Tel Aviv-based provider of checkout technology which allows consumers to walk into a store, pick up their desired items, and walk out without stopping to pay, with payments and receipts settled digitally, has secured a $60 million Series B funding round led by 83North. – Business Wire
Paxos, the New York-based regulated blockchain infrastructure platform, has closed a $142 million Series C round of funding, led by Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, with participation from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group, among others, as well as existing investors RRE Ventures and Liberty City Ventures. – PR Newswire
Rent-A-Center, (NASDAQ: RCII) has agreed to acquire Acima Holdings, a Draper, Utah-based provider of virtual lease-to-own solutions, in a $1.65 billion cash and stock transaction. Rent-A-Center has obtained $1.825 billion in debt financing commitments from J.P. Morgan Securities, Credit Suisse and HSBC Securities (USA), in connection with the transaction. J.P. Morgan Securities is serving as lead financial advisor; Credit Suisse is serving as an additional financial advisor and Sullivan & Cromwell is serving as legal counsel to Rent-A-Center, while FT Partners is serving as sole strategic and financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Acima. – Business Wire
Avenue 8, the San Francisco-based mobile-first residential real estate brokerage, has raised $4 million in seed funding led by Craft Ventures, Zigg Capital, and Good Friends, the early-stage fund from the founders of Warby Parker, Harry's, and Allbirds that invests in businesses with a consumer lens. – Business Wire
Oscar, the NYC-based health insurance company built on a full stack technology platform, has closed a $140 million funding round, led by Tiger Global Management, with participation from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent. The financing comes as Oscar continues to experience significant growth, seeing a 74% increase in direct policy premiums over the past three years. – PR Newswire
OnePipe, a Nigerian “banking as a service” startup has raised a US$950,000 pre-seed with investors including Techstars, Atlantica Ventures, Future Perfect Ventures, Raba Capital, P1 Ventures, Ingressive Capital, Sherpa Ventures, Zedcrest Capital, DFS Lab and a handful of angels. – Disrupt-Africa (Tom Jackson)
Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture. – TechCrunch (Mike Butcher)
Creditas, the Brazilian lending business, bagged $255 million in new financing round that included new investors LGT Lightstone, Tarsadia Capital, Wellington Management, e.ventures and an affiliate of Advent International, Sunley House Capital, as well as previous investors including SoftBank Vision Fund 1, SoftBank Latin America DFund, VEF, Kaszek and Amadeus Capital Partners. – TechCrunch (Jonathan Shieber. The company could be valuaed at $1.75bn according to TechCrunch.
Lydia, the French fintech app provider, which allows fast money transfer between users, has raised $86m in a Series B extension, led by Accel – Reuters
Ramp, the corporate card provider headquartered in New York, raised $30 million in Series A3 financing from D1 Capital and Coatue Management, with participation from existing investors including Founders Fund. – Crunchbase News (Christine Hall)
Wahed, a New York-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah, a British company that runs a digital banking app designed for the Muslim community. – Reuters
GoCardless, the UK-based processor of recurring debit payments for more than 55,000 businesses worldwide, has raised $95 million in a Series F funding round, led by Bain Capital Ventures. – Finextra
Snap Accounts Payable Corporation, the New Brunswick, Canada-based developers of a platform that streamlines entire Procurement To Payment workflow for mid-tier and enterprise market clients, has completed the first stages of a planned $2m (USD) Seed Stage round of financing being led by a group of angel investors all located in Israel. – PR Newswire
IBM (NYSE: IBM) has acquired Expertus Technologies, a Montreal-based payments and cash management solutions provider. – IBM
Bestow, the Dallas, Texas-based full-stack life insurance company, raised $70 million in a Series C round from new and existing investors, including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures and Sammons Financial. – PR Newswire
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