Tuesday, October 15, 2024
19.3 C
New York

ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more

  • Loop:
    • Funding Raised: $4.7 million (CAD 6.4 million).
    • Headquarters: Toronto, Canada.
    • Investors: Mistral Venture Partners, Luge Capital, Graphite Ventures, Wedbush Ventures, Conconi Growth Partners, among others.
    • Purpose: To accelerate growth and build a global financial services solution for businesses.
    • Service: Cross-border business banking and finance platform.
  • Primary:
    • Funding Raised: $3.5 million in seed round.
    • Headquarters: Australia.
    • Lead Investor: Carthona Capital.
    • Purpose: To scale its treasury management platform offering higher yields and reduced complexity for businesses.
  • Sitewire:
    • Funding Raised: $3.17 million in seed round.
    • Headquarters: California, USA.
    • Lead Investor: Zacua Ventures.
    • Purpose: To expand its construction finance platform and strengthen its market presence.
  • Regfyl:
    • Funding Raised: $1.1 million in pre-seed round.
    • Headquarters: Lagos, Nigeria.
    • Investors: Techstars, RallyCap Ventures, DCG Expeditions, Africa Fintech Collective, Musha Ventures.
    • Purpose: To grow its AML compliance platform and expand its teams.
  • Savr:
    • Additional Investment: Undisclosed amount from Incore Invest.
    • Headquarters: Sweden.
    • Purpose: To expand its investment platform by adding equities, mutual funds, and potentially exchange-traded funds (ETFs).
  • Kasisto:
    • Funding Raised: Undisclosed amount in Series D round.
    • Headquarters: New York, USA.
    • Total Raised: $90 million to date.
    • New Leadership: Don Layden named as executive chairman.
    • Purpose: To enhance its conversational AI platform for financial institutions.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Related Articles

Popular Categories

spot_imgspot_img