SpotOn, a software and payment company working with restaurants and retail businesses, announced Wednesday (May 18) that it has raised $300 million in a Series F round led by Dragoneer Investment Group. In its press release, the company, which services businesses of various types and...
Trellis, which is working to change how businesses and consumers engage with insurance, has received an investment from Amex Ventures, according to a Wednesday (May 18) press release. This comes after Trellis issued its Series A preferred funding in June last year, and the new...
In today’s FinTech news, Block, formerly known as Square, wants people to stop thinking of them as a payments-only company and will now be emphasizing its music streaming and cryptocurrency divisions. Plus, gamblers using Hard Rock Sportsbook can now move money back and forth in...
Private equity fund Apis Growth Fund II is investing in B2B digital micropayments platform DT One to help the Singapore-based company continue expanding into more countries and explore new M&A opportunities. Founded in 2005, DT One’s platform powers cross-border mobile micropayments in the form of...
Enterprise software startup Bamba secured $3.2 million in a seed funding round led by 468 Capital with participation from Presight Ventures, Jigsaw VC and angel investors Mato Peric, Leonard Stiegeler, Laurin Hainy and Thomas Stafford. The startup is based in Nairobi, Kenya and builds mobile-first enterprise software...
Ghana-based healthcare startup CarePoint has raised $10 million in a bridge funding round as it builds a series of what it calls “micro-tech-enabled-clinics,” per reports on Wednesday (May 18). The company lets patients access virtual care through its MyCareMobile app, which lets them access consultations...
Dubai-based FinTech Pemo has raised $12 million in a seed funding round that it will use for continued product development and expansion across the Middle East and North Africa, according to a Magnitt report Wednesday (May 18). Cherry Ventures and Shorooq Partners co-led Pemo’s seed...
Embedded payments platform Modulr has raised $108 million in a Series C round led by equity firm General Atlantic, the company announced in a Wednesday (May 18) press release. The London-based company plans to use the funds to expand its geographic footprint and extend its...
Cloud banking technology startup Thought Machine closed a $160 million Series D funding round led by Temasek that gives the firm a post-money valuation of $2.7 billion, twice its value at the end of last year. Also participating in the funding were Intesa Sanpaolo, Morgan...
