Neobank Remittance/MoneyTransfer Blockchain/DLT Capital Markets RegTech RealEstate Cyber/Identity HealthTech Valuation
Tomo Networks, a Stamford, Connecticut-based fintech startup that is planning to improve the homebuying experience, initially as a digital mortgage and transaction company, raised a seed round of $40m, led by Ribbit Capital, NFX and Zigg Capital. -
Fabric, the Brooklyn, New York-based tech-driven life insurance company, raised $18 million in Series B funding, led by CNO Financial Group (NYSE: CNO) with participation from Guardian Life, Nippon Life, Samsung Ventures, Securian Ventures, and existing investors, including Bessemer Venture Partners
Lendesk Technologies, the Vancouver, Canada-based financial technology provider for mortgage industry professionals in Canada, which is also part of Rocket Companies (NYSE: RKT), has acquired Finmo, the Calgary-based provider of a mortgage origination platform in Canada
CaseWare, a Toronto-based company offering audit and assurance software, has received a strategic investment from Hg, the global software investor based in London, Munich and New York. Terms of the transaction were not disclosed. - Business Wire
Visa (NYSE: V) has agreed to acquire Miami-based YellowPepper, a fintech firm with proprietary technology and partnerships supporting financial institutions and startups in Latin America and the Caribbean. The acquisition of YellowPepper builds on a strategic partnership and investment Visa made in YellowPepper in May 2018.
Paytia, a London-based telephone payment compliance service, has closed its pre-Series A funding round on £1.2m, which was led by Bloc Ventures.
Gig Wage, the Dallas-based pioneer in simplifying payroll for the gig economy, has raised a $7.5 million Series A round to boost its seamless, reliable banking platform. The funding was led by Green Dot, with participation from Continental Investors, Techstars, and Rise of the Rest, among others. - Dallas Innovates (Alex Edwards)
RaiseNow, a Zurich-based charitable giving platform, snared $6m in Series A+ funding led by SIX Fintech Ventures.
PaymentCloud, a Los Angeles area payment processor agreed to acquire Paysley, a contacless payment startup for an undisclosed sum.
Silverflow, an Amsterdam-based payments technology company, raised €2.6m in a seed round led by Crane Venture Partners with participation from INKEF Capital in addition to angels.
Polymarket, a New York-based decentralized information marketplace that lets speculators place crypto bets on hot button topics such as those related to politics, health, business and science, has secured $4m in a funding round led by Polychain Capital.
Transmute, an Austin, Texas startup creating a global trade data exchange, bagged $2m in seed funding led by Moonshots Capital.
Pulley, a San Francisco-based company offering a platform that helps startups manage their cap table, bagged $10m in a Series A round led by Stripe.
O(1) Labs, the San Francisco-based developer of Mina, a 22kb “lightweight” blockchain, bagged $10.9m in a strategic round co-led by Three Arrows Capital and Bixin Ventures, with participation from HashKey Capital, NGC Ventures, and Fenbushi Capital, among others.
Bind Benefits, a Minneapolis-based health insurer, inked $105m in Series B funding including from Ascension Ventures and a group of existing investors.
Possible Finance, the Seattle-based payday lending startup, raised $11m in new equity financing led by Union Square Ventures and subsequently also announced it had raised $80m in debt financing from Park Cities Advisors.
Klar, a Mexico City-based challenger bank, inked $15m in funding led by Prosus Ventures.
eVisit a Phoenix-based startup that offers telehealth systems for hosptials, raised $14 million in Series A funding led by TVC Capital.
Lanistar, a UK-based challenger bank, raised about $17.8m from members of the CEO’s family.
Chicago-based CBOE Global Markets has agreed to acquire BIDS Trading, an NYC-based block-trading ATS.
Peaq, the Berlin-based company behind DAGchain, a technology designed to bring IOT capabilities to blockchain, raised $887k in angel funding.
Chicago-based private equity firm Thoma Bravo has agreed to purchase a controlling stake in NYC-based AxiomSL, a company that has built a regtech and risk reporting platform. Terms of the deal, which expected to close by year end, were not disclosed.
Newfront, a San Francisco-based tech-driven insurance brokerage, has raised over $100m of funding, which values the company at $500m, according to a company press release. Its lead investors are Founders Fund and Meritech Capital.
Kettle, a San Francisco-based AI-driven reinsurance startup focused on risks associated with climate change, has raised $4.71m in a seed round led by True Ventures, with participation from Acrew Capital, Homebrew Ventures, Anthemis, and Inspired Capital.
Decentriq, a Zurich-based startup focused on data security, scored $3.8m in seed funding from Paladin Capital Group and existing investor Atlantic Labs.
Zest AI, a Los Angeles-area startup whose technology is used to improve in credit underwriting, inked $15m in funding led by Inisght Partners
CapitalBox. the Stockholm-headquartered SME lender with a footprint across six European markets, agreed to acquire the Dutch division of Spotcap, for an undisclosed sum. The deal will allow Spotcap Global to focus on lending as a service rather than direct lending, according to a press release
Detect, a UK-based regtech, bagged 250,000 pounds in pre-seed funding from angel investors.
Visa has acquired a minority stake in UK-based Global Processing Services, an issuer processor founded in 2007 whose customers include Sterling and Resolute. Terms of the investment were not disclosed.
FinLocker, a St. Louis-based provider of a personal financial management tool, has entered into a commercial partnership with Chicago-based TransUnion (NYSE: TRU) who has also invested in the company’s $20m Series A-1 financing round.
Wayflier, a Dublin-based startup focused on providing revenue financing, raised $10.2 million in seed funding led by QED.
Accelerated Payments, the Dublin Ireland-based provider of financing solutions for businesses, obtained GBP 20 million in financing from Channel Capital Advisors.
BTC Direct, a Netherlands-based company providing a crypto to FIAT gateway, raised $13m in Series A funding from an undisclosed group of investors
FundThrough, a Toronto-based company that provides working capital to small businesses, received a $50 million investment from Northleaf Capital Partners.
Matic Insurance, a Los Angeles-based company that integrates buying home insurance with the mortgage process, raised $24 million in new funding led by IA Capital Group.
Extend, a San Francisco-startup specializing in extended warranties snared $40 million in Series B funding led by Meritech Capital.
Archax, a London-based regulated digital asset exchange, closed on an $8 million oversubscribed round.
Alpaca, the San Francisco-based creator of a trading platform for traders, snagged $10 million in Series A funding led by Portag3.
Stripe, the San Francisco-based payment API giant, agreed to buy Paystack, a Lagos, Nigeria-based company that collects on and offline payments in Nigeria and Ghana. Terms of the deal were not disclosed.
Getaround, a San Francisco, CA-based carsharing platform that includes insurance for drivers, raised $140m in a Series E round led by PeopleFund with participation from several other new and existing investors.
M1 Finance, the Chicago-based investment app provider, bagged $45m in a Series C funding led by Left Lane Capital, with participation from Jump Capital, Clocktower Technology Ventures and other undisclosed investors, bringing the company’s valuation to “just shy” of $100m, as reported by Chicago Inno.
WealthVP, a Phoenix-based startup that connects companies with investors, raised a $500k seed round from private investors.
Persistence, the India-based developer of back-end tech for a trade finance platform, raised $3.7m via a token sale led by Arrington XRP, with participation from Alameda Research and Terra, among others