Venture capital (VC) investment firm Illuminate Financial announced Wednesday (July 13) that it has entered a strategic relationship with Citi, who joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global as a limited partner in Illuminate Financial’s VC strategy. Together, the investor...
FinTech-focused private equity firm Motive Partners has closed its second flagship fund, Motive Capital Fund 2, totaling $2.54 billion in capital commitments for the fund and its related investment vehicles, according to a Tuesday (July 12) press release. “The fund focuses on growth and buyout...
BlackFin Capital Partners has announced Monday (July 11) a second closing, for €350 million ($351 million), of its Tech 2 fund, which is dedicated to European FinTechs and InsurTechs. The fund is now twice the size of its predecessor, and will be invested in other...
Berlin-based FinTech startup Kadmos has secured 29 million euros ($29 million) to grow its payment processing platform for migrant workers, according to a Monday (July 11) press release. The Series A funding round was led by Blossom Capital, with participation from existing investors Addition and...
Klarna has raised $800 million in financing at a $6.7 billion post-money valuation from new and existing investors to grow its position in the United States. “It’s a testament to the strength of Klarna’s business that, during the steepest drop in global stock markets in...
Stockholm-based startup ArK Kapital has secured an additional 150 million euros (about $153 million) in funding to invest in European technology founders, Tech Funding News reported Friday (July 8). The company now has a capital pool of 300 million euros (about $305 million), according to...
Brazilian lender Creditas is raising $200 million and buying a bank and a mortgage startup in a move to bolster profitability, according to a Friday (July 8) press release. In an interview with Reuters Friday, Creditas CEO Sergio Furio said his company, which runs an...
Cyberinsurance company Coalition closed a $250 million Series F funding round last month that has valued the provider at $5 billion, according to a Friday (July 8) press release. Coalition was founded in 2017 and helps more than 160,000 organizations lessen their digital risk as...
Commerce operating system DEUNA has raised $30 million in a Series A funding round, the Silicon Valley-based company announced Friday (July 8). According to a press release emailed to PYMNTS, the funding — which brings the company’s total financing to $37 million — will help...
