Find out the latest deals and transactions from fintech! Topics of interest for this week include: AI, payments, trading, insurtech, banking, blockchain, SaaS, merchant commerce, cloud computing, risk management, and more! Dive into the investments and discover the most relevant names from the industry. Happy reading!
Contentsquare raises $500M (€408M)
Contentsquare (New York, NY, US), a software-as-a-service customer experience analytics platform, announced that it raised $500 million (€408M) in a series D funding round led by Softbank Vision Fund 2. The round, which follows the company’s $190 million (€155M) series D in May 2020, brings the company’s current valuation to $2.8 billion (€2.3Bn). Read more
DailyPay Raises $500M (€401M) in Funding
DailyPay (New York, New York, US), a company providing an on-demand pay solution for enterprises, raised $500m (€401M) in funding. This included a $175m (€143M) Series D equity round led by Carrick Capital Partners with participation from existing investors. In addition, the company raised $325m (€266M) of credit capital from various sources. The company intends to invest its capital to expand operations and its business reach. Read more
Forter scores $300m (€245M)
Forter (New York, New York, US), a fraud prevention platform, has hit a $3 billion (2.5Bn) valuation after raising $300 million (€245M) in a Series F funding round led by Tiger Global Management. Third Point Ventures, Adage Capital Management, Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners were investors in this round. Read more
Pine Labs Completes First Close of $285M (€233M) Funding
Pine Labs (Noida, India), a merchant commerce platform, completed a first close of $285m (€233M) funding. Backers included Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management and existing investors Temasek, Lone Pine Capital and Sunley House Capital. The company intends to use the funds to further scale its merchant commerce and online payments product stack. Read more
Pipe Closes $250M (€204M) in Funding
Pipe (Miami, Florida, US), a trading platform for recurring revenues, raised $250m (€204M) in funding. The round was led by Greenspring Associates, and new investors Counterpoint Global (Morgan Stanley), CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures and Guy Oseary, with participation from existing investors such as Fin VC, Next47, Marc Benioff’s TIME Ventures, Alexis Ohanian’s Seven Seven Six, MaC Ventures, Republic, and more. The company intends to use the funds to bolster its platform globally, expand its offering across every recurring revenue vertical including property management companies. Read more
Zeta becomes a unicorn with $250 million (€204M) SoftBank-led funding
Zeta (San Francisco, California, US), a startup that helps banks and fintech firms launch products, has raised $250 million (€204M) in a Series C round led by SoftBank Vision Fund 2, confirming a TechCrunch report from mid-April. Existing investor Sodexo also participated in the round. The new round valued the startup at $1.45 billion (€1.2Bn). Read more
Forte Raises $185M (€151M) in Series A
Forte (San Francisco, CA, US), an organization building a blockchain-based economic platform for video games, raised $185M (€151M) in Series A funding. The round, which valued the organization at $1 Billion (€820M), was led by Griffin Gaming Partners with participation from Union Grove Venture Partners, Andreessen Horowitz, Battery Ventures, and Canaan. The company intends to use the funds to accelerate the development of its platform. Read more
Resolve Raises $60M (€49M) in Funding
Resolve (San Francisco, California), a provider of an embedded billing platform for business-to-business (B2B) companies to facilitate buying and selling on credit, raised $60m (€49M) in funding. Investors included Initialized Capital, KSD Capital, Haystack VC, Commerce Ventures, Clocktower Ventures, Affirm and other top investors. The company intends to use the funds to accelerate operations and its business reach. Read more
OSF Digital Raises $43M (€35M) in Funding
OSF Digital (Quebec, Canadian), a global leader in digital transformation strategies, received $43m (€35M) in funding. The round was led by existing investor Delta-v Capital with participation from Salesforce Ventures and personal investments from OSF Digital Board Chairman David Northington, Board Director Jeff Rich and Board Advisor Gary DiOrio. The company intends to use the funds to support its acquisition roadmap, which will add new companies in 2021 with strategic services and solutions valuable to customers. Read more
Faculty raises $42.5M (€34M) growth round
Faculty (London, UK), has raised £30 million (€34M) in growth funding from the Apax Digital Fund (ADF). The startup has now raised a total of £40 million (€46M) to date. The company says it now expects to create over 400 new jobs across its engineering, product and delivery teams. The investment will also be put toward the rollout of the company’s new learning and development programme. Read more
Upstream Security Raises $36M (€29M) in Funding
Upstream Security (Herzliya, Israel), a provider of a cloud-based mobility cybersecurity and data analytics platform, raised $36M in funding. Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. and I.D.I. Insurance Company. The company intends to use the funds to continue to expand operations and its business reach. Read more
Eco Raises $26M (€21M) in Funding
Eco (San Francisco, CA, US), a provider of a digital wallet for saving and spending, raised $26M (€21M) in funding.The round was led by Sean “Diddy” Combs, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, Carmelo Anthony and Stuart Goldfarb’s Melo7 Tech Partners, Tiffany Haddish, Justin Blau, Larry Fitzgerald, Keisuke Honda, Kelvin Beachum Jr., and the a16z Cultural Leadership Fund. The company intends to use the funds to bring its products to the mass market. Read more
Solidus Labs raises $20 million (€16M) in Series A funding
Solidus Labs (New York, NY, US), a company that says its surveillance and risk-monitoring software can detect manipulation across cryptocurrency trading platforms, is today announcing $20 million (€16M) in Series A funding. The company intends to improve its crypto monitoring efforts — such as the U.S. Treasury’s call for stricter cryptocurrency compliance with the IRS. Read more
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