Y Combinator-backed Nigerian fintech startup Kudi has raised a series-A round led by French venture capital fund Partech Partners with participation from the Silicon Valley investor YC and Khosla Ventures. Kudi processes more than $30 million in payments a month. Its latest $5 million funding round brings Kudi's total investment since its 2016 launch to [...] The post Y Combinator-Backed Nigerian Fintech Startup Secures $5M Series A appeared first on Moguldom.
STAMFORD -- Point72 Ventures, billionaire hedge fund investor Steven Cohen's venture capital business, announced Wednesday it was helping to lead a $11 million investment in Manhattan-based financial-technology firm Extend. The "Series A" fundraising, which was co-led by Manhattan venture-capital firm FinTech Collective, would support the growth of Extend, whose services focus on allowing cardholders and certain recipients to securely and instantly send and receive temporary "virtual" credit cards. "Growing customer expectations are driving fintech startups and financial institutions to develop and deliver more dynamic, feature-rich digital payments experiences for their customers," Ventures partner Tripp Shriner said in a statement.
Though Lemonade isn't disclosing its valuation, a source says this investment brings its value to more than $2 billion. : Lemonade Inc. cofounder and CEO Daniel Schreiber speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch)Getty Images for TechCrunch Lemonade, a renters and homeowners insurance startup, has raised $300 million in a deal led by SoftBank Group, the company announced today.
NEW YORK, April 10, 2019-- Extend has announced its $11 million Series A financing. Extend's platform enables frictionless virtual credit card issuance for banks, corporations, and other startups. The round was led by Point72 Ventures and FinTech Collective, with additional participation from Reciprocal Ventures and strategic partner City National Bank. Extend, which is building core infrastructure for the future of payments, is transforming the $1.6 trillion U.S. corporate card industry. Its platform also offers a simple, secure virtual card payment option for the $864 billion U.S. gig economy.
Extend Raises $11M In Series A Funding Co-led By Point72 Ventures And Fintech Collective | Business Wire
NEW YORK--(BUSINESS WIRE)--Extend has announced its $11 million Series A financing. Extend's platform enables frictionless virtual credit card issuance for banks, corporations, and other startups. The round was led by Point72 Ventures and FinTech Collective, with additional participation from Reciprocal Ventures and strategic partner City National Bank. Extend, which is building core infrastructure for the future of payments, is transforming the $1.6 trillion U.S. corporate card industry. Its p.
Hiroki Takeuchi founded GoCardless, a pioneering British fintech company founded in 2011. Takeuchi first got involved in tech startups after a friendship at university bagged him an internship at Y Combinator, which had little profile in the UK at the time. He has since said goodbye to his cofounders, overcome a life-changing bike accident, and raised $122 million for his company. Now Takeuchi is navigating the unknowns of Brexit in a fiercely competitive environment for tech talent.
Kyriba has been making cloud-based software since well before software-as-a-service (SaaS) became a tech buzzword. Nearly 20 years ago, the company, a spin-off of a French firm, began developing software to provide chief financial officers and other finance leaders with a comprehensive view of company cash and liquidity. Now Kyriba, which sells access to its [...]
Hong Kong-based Fintech Startup Qupital Raises $15M Series A To Expand In Mainland China - Techcrunch
Qupital, a fintech startup that bills itself as Hong Kong's largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (CEFIF), with participation from returning investors Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, both participants in its seed round. To date, Qupital has raised $17 [...]
Rewire Raises $12M From Viola Fintech, Opera Tech Ventures, Ourcrowd, Standard Bank Of South Africa, Others
Rewire said it raised $12 million of Series A capital in a round led by Viola Fintech and joined by BNP Paribas' investment arm Opera Tech Ventures, OurCrowd, Moneta, Yair Tauman, Yaron Lemelbaum, Leon Vaidman and [...]