Digital commercial bank Grasshopper Bank has raised $30.4 million to support its growth across the business and innovation economies and meet clients’ expectations by providing the latest technology and digital banking solutions. The funding round came from existing backers Patriot Financial Partners, Endeavour Capital Advisors,...
India-based payroll and workforce management startup Tartan has closed a $4.5 million funding round that it plans to use to scale its go-to-market operations, expand its in-house engineering team, double its headcount to 110 and enhance its product offerings, The Economic Times reported Monday (Aug....
India-based Yes Bank said it plans to sell up to a 10% stake to U.S. private equity firms Carlyle Group and Advent International for a $1.1 billion price tag, Reuters reported Friday (July 29). The company is exiting a reconstruction plan after two years, and...
Cryptocurrency fund Variant is committing $450 million to invest in builders of the user-owned web: a $150 million seed fund and a $300 million opportunity fund that will back “projects with demonstrated traction from our portfolio and beyond,” according to a Thursday (July 28) company...
Pakistani FinTech startup Dbank has raised $17.6 million in a seed funding round, the largest ever in Pakistan. Founded in 2021, Dbank is in the process of building a user-centric digital banking system based on ethical banking. Although currently focused on the Pakistani market, the...
Payments-as-a-service (PaaS) platform mx51 has secured $32.5 million in a Series B funding round, according to a press release on Thursday (July 28). The funding will be used to expand its global footprint as the startup works to help banks, acquirers and merchants stay up...
Helu.io, a budgeting and financial reporting platform for small- to medium-sized businesses (SMBs), announced the close of its Series A funding round, which raised over 9.8 million euros ($10 million). The round was led by CommerzVentures, alongside tech-focused venture capital firm IRIS and early-stage investor...
Low-code application development platform Genesis Global raised $20 million from the Bank of America, BNY Mellon and Citi and follows a $200 million Series C funding round announced in February being earmarked to drive low-code technology as an accelerator for IT innovation. Stephen Murphy, CEO...
Activist investor Elliott Management has reportedly taken an undisclosed stake in PayPal, The Wall Street Journal reported Tuesday (July 26) night, citing unnamed sources familiar with the matter. While Elliott did not respond to a request for comment from PYMNTS sent after normal business hours,...
