The platform said that funding will be used to rapidly scale the company's financial services platform. : Cross-border fintech platform Zolve announced on Wednesday that it has raised Rs 300 crore in a Series A funding round. The round was led by DST Global partners, along with participation from Tiger Global, Alkeon Capital, Accel and Lightspeed Venture Partners. Zolve is now valued at Rs 1,575 crore. The platform said that funding will be used to rapidly scale the company's financial services platform.
UAE based Fintech Galaxy Secures $2M in Seed Funding to Support its Open Finance Platform Crowdfund Insider. : Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech Galaxy's investment round has reportedly been led by Jordan's Ahli Fintech and it also received contributions from Raz Holding Group, OMQ Investments, Egypt's EFG EV Fintech and INSEAD Saudi Angel Investors.
Silicon Valley Fintech Unicorn Brex Raises $300M at $12.3B Valuation Crowdfund Insider. : Corporate credit card Fintech Brex has reportedly seen its valuation surge to $12.3 billion after securing an additional $300 million in capital. No formal announcement has been made about Brex's latest investment round, however, a term sheet has reportedly been finalized on the raise, according to sources familiar with the matter. The latest capital injection comes after a massive $425 million Series D that Brex closed back in April 2021, at a $7.4 billion valuation.
Company says its SaaS platform has grown 5x in the past 18 months. : Fintech startup Clear (formerly called ClearTax) has raised $75 million in its Series C round led by Kora Capital, alongside global fintech Stripe, Alua Capital, Think Investments and existing investors, the company said on Sunday. According to a source close to the company, the funding happened at a valuation range of $700-800 million. Clear declined to comment on the same.
Here's our latest rundown on recent startup investment news in the Pacific Northwest. -- Can a startup help you combat aging? That's the pitch behind Modern Age, which just landed a $27 million investment. The gist: Seattle-based Modern Age offers a proactive and holistic approach to health as people age, incorporating telehealth and in-person services. The company's software uses computer vision and machine learning to examine skin, hair and bone health. It can also gather information from FitBit devices or an Apple Watch about daily routines to build a digital record of a person's health and match them with treatments.
MILAN : Italian fintech company TAS Group said on Thursday a vehicle controlled by European private equity firm Gilde would launch a takeover bid for its shares at 2.2 euros each after taking control of its top shareholder. Gilde Buy Out Partners aims to delist TAS Group from the Milan Stock Exchange. It agreed to acquire OWL, that controls 73.2per cent of TAS Group, valuing the stake 134.5 million euros (US$156.61 million).
Payments Fintech PRIMER Raises $50 Million at $425 Million Valuation Crowdfund Insider. : Following a Series A funding round of $20 million last year, payments Fintech Primer has closed on a Series B funding round of $50 million. According to a note from the company, Primer received a valuation of $425 million. ICONIQ Growth led the funding with existing investors Accel, Balderton Capital, Seedcamp, Speedinvest, and RTP Global participated in the round. Primer was founded in early 2020 by ex-Paypal/Braintree employees and says it has built the world's first automation platform for payments.
The company is planning to expand its product offering through the latest funds. : Tala, one of the emerging financial technology firms, recently announced that it has secured $145 million in Series E funding to expand its services. The latest funding round was led by Upstart. According to the press release shared by the company, Stellar Development Foundation also participated in the Series E investment round. Through the recent funding, Tala is planning to develop one of the first mass-market crypto products for emerging markets. The company aims to make crypto solutions more affordable and equitable.
Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the globe, has raised an oversubscribed seed round of $3.1m [N1.3BN] from an all-Nigerian group of investors including Leadway Assurance, Trium Networks and a number of Nigerian HNIs.
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