Indonesian Fintech Finantier, An Open Finance Api Platform, Finalizes Seed Round From Global Founders Capital, East Ventures
Indonesian Fintech Finantier, an Open Finance API Platform, Finalizes Seed Round from Global Founders Capital, East Ventures Crowdfund Insider. : Indonesia-based Finantier, an open finance API platform, has secured an undisclosed 7-figure sum through a seed round that was led by Global Founders Capital and East Ventures. Finantier's latest investment round was oversubscribed. The capital was raised at a post-money valuation of over 20 times its pre-seed valuation in November of last year.
Baas Fintech Unit Acquires $51M In Capital Via Series B From Accel, Better Tomorrow Ventures, Others
BaaS Fintech Unit Acquires $51M in Capital via Series B from Accel, Better Tomorrow Ventures, Others Crowdfund Insider. : After acquiring $51 million in capital through a Series B round led by Accel, Banking-as-a-Service (BaaS) provider Unit has introduced a product that will allow firms to offer live bank accounts and issue payment cards within minutes. Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV Partners also took part in Unit's latest investment round. Established in 2019 and having come out of stealth mode in late 2020, Unit's management noted that their modern technology stack has been developed on a native ledger.
Singapore's Uob Leverages Marketnode's Digital Issuance Platform To Issue Sgd 600m Bond Offering, With Sgd 1b Final Order Book
Singapore's UOB Leverages Marketnode's Digital Issuance Platform to Issue SGD 600M Bond Offering, with SGD 1B Final Order Book Crowdfund Insider.
Apart from Authum, other bidders for Reliance Home Finance included Global Capital, Avenue Capital in partnership with ARCIL, and global fund Ares SSG along with Assets Care and Reconstruction Enterprise (ACRE).
Disagreements hold up approval of new term for nine-member board. : A $600 billion sovereign wealth fund is caught in the cross-hairs of a political power struggle that's roiling one of the world's richest countries. The Kuwait Investment Authority, the world's oldest state investment vehicle, has been in limbo since its board's tenure expired two months ago. A new term has yet to be approved as political differences spill over into a disagreement over the make-up of the nine-member board, according to a person familiar with the matter.
Here is a look back at some of Rigzone's top downstream-related articles from last week. : Across the value chain, the oil and gas industry is a key contributor to Texas' economy and tax base and the source of hundreds of thousands of Texans' livelihoods. In response to growing attacks on the industry from major players within the business and finance communities, the Lone Star State recently enacted a new law that seeks give the industry's detractors a proverbial taste of their own medicine. A recent syndicated news article about the statute proved to be popular among Rigzone's downstream audience.
They were pointed questions, not personal criticisms. But they will have conveyed a warning to Joe Biden that the patience of the left of the Democratic party and its leaders in 'the Squad' of progressive politicians is not infinite. "Are we passing the deal that helps working people the most?" asked Alexandria Ocasio-Cortez, the firebrand New York congresswoman and best known member of the squad. "Are we passing the deal that makes the most jobs? Are we passing a deal that brings down the most climate emissions?
AI Fraud Protection Firm Servicing Digital Goods nSure.ai Raises $6.8 Million Seed Round Crowdfund Insider. : Israel-based nSure.ai has raised a $6.8 million Seed round led by DisruptiveAI, Phoenix Insurance, Kamet (an AXA backed VC), Moneta Seeds and other individual investors. nSure.ai is a "predictive AI fraud protection company" that services digital goods such as gift cards, prepaid debit cards, software and game keys, digital wallet transfers, international money transfers, tickets, and more. The company explains that sellers of physical goods have processing times that allow them to double-check charges and can withhold a shipment if needed.
Overfunding: Digital Investment Platform Clim8 Secures PS1.6M+ from 885 Investors via Crowdcube Crowdfund Insider. : Clim8, a digital investment platform that's focused on a firm having a "positive impact" on climate change, has raised PS1,630,460 from 885 investors via Crowdcube, at the time of writing. There are now 21 days remaining for this offer with the platform already surpassing its PS750,000 target. Clim8 is reportedly backed by PS5 million of venture capital and also by 3,000 retail investors. The company has managed to acquire "up to PS2 million in airtime" for equity from Channel 4 Ventures.
Today, on Juneteenth, we recognize the efforts this nation still needs to put toward addressing structural racism and disparities, including in the world of tech. This week, HBCUvc, a nonprofit that aims to diversify the world of venture capital, launched a million-dollar fund. Founder Hadiyah Mujhid told me that the capital would provide nondilutive financing [...]