The quality of entrepreneurs in Europe has improved over time, and instead of going to work for Goldman Sachs or McKinsey, the new generation of European talent are more likely to start their own businesses to tap into the thriving startup ecosystem, says Thomas Cuvelier,...
HostBooks, an Indian FinTech startup focused on micro, small and medium enterprises (MSMEs), has raised $3 million in a Series A round led by payments platform Razorpay. As the companies said in a news release Friday (June 10), the funds will help HostBooks add to...
Beneficial State Bank closed on an equity investment of $218 million from the U.S. Treasury’s Emergency Capital Investment Program (ECIP) Thursday (June 9), which will support expanded lending to smaller businesses and low- to moderate-income customers. The ECIP, announced by Vice President Kamala Harris and...
Identity platform Middesk, which works to automate business verification and underwriting, has raised $57 million in a Series B round to fund new products, scale its team and provide education on business identity, according to a press release Thursday (June 9). “We believe that more...
Engagement banking platform Backbase has raised almost $128 million in growth equity from FinTech specialist private equity firm Motive Partners, which it will use to bolster its position in the space, according to a company press release Thursday (June 9). “Today is a major milestone...
Digital financial services startup Klar raised $90 million in a funding round to build out its platform and further innovate to develop tailor-made solutions for consumers in Mexico. The funding round was led by General Atlantic with participation by Prosus Ventures, Quona, Mouro, IFC, Acrew,...
Same-day and next-day delivery startup Trunkrs raised 15 million euros (about $16 million) in a Series B funding round to elevate its position in the Benelux and accelerate the sustainability of the package delivery chain, according to a Thursday (June 9) press release. “As a...
The United Arab Emirates’ ADQ has launched a $100 million technology-focused venture capital fund with the Jordanian Ministry of Digital Economy and Entrepreneurship (MoDEE), according to a company press release. The fund is designed to support high-growth tech firms and the ongoing growth of the...
It might be “winter” for the cryptocurrency industry, but crypto invoicing and payroll and expenses company Request Finance landed $5.5 million in seed funding amid a period of growth. The seed round was led by institutional backers including Animoca Brands, FinTech venture capital firm Balderton...
