British money transfer firm Wise has received $300 million pounds (about $347.1 million) via a syndicated debt facility from the United Kingdom branch of California’s Silicon Valley Bank (SVB). The debt investment was a joint effort between SVB and six other banks, according to published...
Pay solutions firm CloudPay has raised $50 million in a new round of funding as the London-based company looks to meet a demand for integrated payroll and payment services. The capital will “support CloudPay’s continued innovation of its end-to-end enterprise global pay offering,” according to...
Venture capital (VC) firm Andreessen Horowitz got into blockchain and cryptocurrency early, making large investments in a wide range of fields, just as it did while building itself into a giant during the internet boom of the late 1990s and early 2000s. But as the...
Expense management software company Center has raised $15 million in a Series B round and said it will use the new capital to expand its product offerings and support the evolving needs of small- to medium-sized businesses (SMBs). This funding round brought the company’s total...
Payments gateway ConnexPay has raised $110 million from a growth equity investment by FTV Capital. The funding, announced in a news release Tuesday (Oct. 25), will help the Atlanta-based company expand in Europe and beyond as well as enhance its payments platform. The investment brings...
The chief executive of real estate startup Bilt Rewards says his company has seen its valuation grow fourfold to $1.5 billion following a $150 million equity funding round. In an interview with Bloomberg News Tuesday (Oct. 25), founder and CEO Ankur Jain said Bilt —...
Once hot FinTechs are now facing continued pressure, particularly on the funding front. The business models, by and large, have been propelled less by profits than by customer acquisition. And the question remains as to whether the cash on hand is enough to get through...
Floryn, a Netherlands-based online lending firm for small- to medium-sized businesses (SMBs), announced on Friday (Oct. 21) that it has raised 65 million euros ($64 million) from U.K. bank NatWest. Founded in 2016, Floryn offers business loans of up to 3 million euros to small...
B2B accounts payable (AP) Payments-as-a-Service (PaaS) company Finexio has completed an oversubscribed $35 million Series B round as it aims to capture a growing desire for digital payment tools. The round was led by J.P. Morgan, with assistance from existing investor Patriot Financial Partners and...
