10/14 – Weekly Investing and Fundraising News

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Plum raises £1m from investors in just 8 hours of crowdfunding

Smart money app Plum secured £1m from investors in the first eight hours of its crowdfunding, hitting its original target. Over 3700 people have invested so far, from nationalities spanning the UK, Greece, Cyprus, France, Bulgaria, Belgium and Spain. A new share allocation has been made available and crowdfunding is still open for new investments for another 5 days.

Astra announced a $10 million Series A led by FPV Ventures

Astra, a leading provider of card-to-card instant funding as a service in the United States, announced a $10 million Series A funding round led by FPV Ventures, with participation from Slow Ventures and from Allegis Capital, as well as a $30 million line of financing. credit through CoVenture to support the company’s rapid expansion into the payments industry. In 2021 alone, the ACH network, which processes financial transactions nationwide, transferred a total of $72.62 trillion according to Nacha.

Northstar Raises $24.4M to Expand Financial Wellness Benefits Platform

Financial employee wellness benefits platform Northstar has raised $24.4 million in a funding round involving PayPal Ventures and Thomson Reuters Ventures. GGV Capital led the round, with participation from Canvas Ventures, M13, Workday Ventures, Parade Ventures, Foundation Capital, Designer Fund and RRE. Northstar’s Financial Wellness Program combines individual financial tools and advisors to help employees use their compensation wisely.

NorthOne Announces $67 Million Series B Round

NorthOne announced that it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne is poised to further expand the reach of its banking and financial management platform to enterprises across all industries. of the small business community. NorthOne is a fintech company, not a bank. Banking services are provided by The Bancorp Bank, NA, Member FDIC.

Crypto Investment Platform Pillow Attracts $18M in Funding to Accelerate Adoption of Crypto Services in Emerging Markets

Democratized access to digital assets is key to putting emerging market investors on a level playing field, giving them the ability to take control of their finances and fight the twin challenges of inflation and rising global currency. Cost of life. To help them on this journey, crypto investment platform Pillow creates simple, transparent, and accessible products, including crypto investing, crypto savings, crypto payments, and other financial services.

B2B Payments Mondu Raises €20 Million in Debt Funding from VVRB

B2B payment company Mondu has raised a €20 million funding round from German bank Vereinigte Volksbank Raiffeisenbank. This is the first loan to Mondu, granted to a Luxembourg SPV and secured. This SPV setup allows Mondu to quickly expand and diversify its refinancing with external investors – German and international. In parallel, as part of its growth plans, Mondu is expanding into the Netherlands in October.

Ayoconnect Boosts 2022 Fundraising to $28M with $13M Series B Extension Backed by SIG Venture Capital and PayU

Ayoconnect, Southeast Asia’s largest open funding platform, has closed a US$13 million Expansion B funding round led by SIG Venture Capital with participation from CE Innovation Capital and l existing fintech investor PayU, the payments and fintech business of Prosus, increasing its stake. Following its oversubscribed Series B fundraising led by Tiger Global and closed in January 2022, the new funding will allow Ayoconnect to continue to build an outstanding management team and invest in product and technology development.

GoHenry Group Raises $55M in Growth Capital to Accelerate Global Expansion and Boost Youth Financial Literacy

GoHenry, the prepaid debit card and financial education app for kids and teens, raised $55 million in its latest growth capital round with investment from existing investors Edison Partners and Revaia. as well as new capital from the Italian leader in pay technology Nexi. Having more than doubled its revenue during the pandemic to $42 million in 2021, the funding round follows GoHenry Group’s recent acquisition of Pixpay, the leading teen bank in France and Spain, which marked the first steps of the fintech pioneer in Europe.

FlapKap closes $3.6 million funding round

FlapKap, the MENA region’s first technology-enabled revenue-based funding platform, revolutionizing e-commerce growth, announced the closing of its $3.6 million funding round. The round included participation from Bolt by QED, Nclude, Outliers and A15. This latest capital injection comes six months after the company’s pre-seed raise and coincides with the company achieving milestones of approximately 200% monthly growth in the amount of funding disbursed and the number of customers served.

Payable raises $6.1 million to modernize business payments

Payable, a payment transaction platform for businesses, raised $6.1 million in a funding round led by CRV and Earlybird. Founded by Checkout.com veterans Daniel Yubi and Razvan Musca, Payable has built a platform that enables businesses to connect their banks and automate payments from initiation to reconciliation with a single API and dashboard. .

Blackbullion raises £2.5m to support student financial wellbeing

Blackbullion has raised £2.5million to improve the financial wellbeing of students. The latest fundraising will increase the platform’s growth, continuing Blackbullion’s goal of making money simple for young people and connecting them with scholarships and additional funds while in school. Calyx Venture Fund led the oversubscribed round with Lord Stanley Fink and MPA Education. Blackbullion is the initial investment of MPA’s second fund.

Fluro secures £200m via partnership with BNP Paribas

Fluro, formerly Lending Works, has partnered with BNP Paribas to raise £200m. Fluro, founded in 2014, became an institution-backed lender in the previous two years. This BNP Paribas facility will help Fluro expand its balance sheet. Fluro is one of the UK’s most inventive integrated lenders, offering unsecured personal loans to prime and near-prime consumers through price comparison sites.

Airwallex maintains US$5.5 billion valuation with US$100 million Series E extension

Airwallex, a leading global fintech platform, announced that it recently closed its Series E extension at the same US$5.5 billion valuation and secured more funding from existing investors Square Peg. , Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. HostPlus, an Australian industry pension fund, as well as a major North American pension fund also participated in this round.

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