FinTech infrastructure startup Merge secured $9.5 million in seed funding to further build out its API-based banking and payments platform aimed at bridging the gap between fiat and crypto ecosystems. The funding was led by Octopus Ventures with participation from Hashed, Coinbase Ventures, Alameda Research...
Republic Bank & Trust Company has launched a bank tech incubator to support technology companies and their products, the company announced Tuesday (May 31). “The BankTech Incubator allows us to create long-term partnerships with technology companies and share deep industry knowledge that influences the technology...
Buy now, pay later (BNPL) startup Tranch has secured 3.5 million British pounds (about $4.4 million) in funding and partnered with cloud-based FinTech Yobota to drive fast and flexible payments to businesses, according to a company press release. Tranch embeds the sales journeys of Software-as-a-Service...
B2B retail market Betastore, based in Nigeria, has raised $2.5 million to help informal shops in West and Central Africa with financial issues and stock-outs, a report says. The marketplace, through cutting out middlemen, will give informal traders access to fast-moving consumer goods from manufacturers and...
Buy now, pay later (BNPL) company Mondu has raised $43 million in a series A funding round, the firm announced in a Monday (May 30) blog post. The company says this will help it “continue to invest” in its product, drive consumer acquisition and support...
Alternative credit asset manager and FinTech startup Viola Credit closed its $700 million fund — the Viola Credit Alternative Lending Income Fund II (ALF II) — providing asset-based lending capital to FinTech, PropTech and InsurTech startups. “We’ve deployed over $1.1B to date under this strategy...
Dallas Venture Capital (DVC) has closed an $80 million fund that positions the company to become one of the largest tech-focused funds in the Texas city. “DVC plans to invest alongside its India fund, making it a true cross-border venture capital fund that is poised...
Emiza Supply Chain Services is the recipient of 375 million rupee ($4.8 million) Series B funding round to benefit the company’s expansion plans, Economic Times of India reports. The round was led by JM Financial Private Equity. Emiza’s work involves helping direct to consumer (D2C)...
Growth capital funding startup Bloom Group S.A. raised 300 million pounds (roughly $376 million) to grow its business across Europe and become a leading provider of revenue-based lending for digital startups. “We are not another revenue-based lender. We estimate that eCommerce merchants have incurred £125-£200...
