Saturday, July 27, 2024
28.2 C
New York

ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more

  • Marco’s Series A Funding:
    • Raised $12 million in a Series A funding round led by IDC Ventures.
    • Other participants include Arcadia Funds, Barn Invest, IDB Lab, Florida Funders, Kayyak Ventures, Neer Ventures, SquareOne Capital, and Miami Angels.
    • Marco focuses on providing trade finance solutions for SME exporters in Latin America.
    • Aims to address the $350 billion trade financing gap in the region.
    • Plans to strengthen ESG efforts in the LatAm region with the new funding.
  • Zone’s Seed Funding:
    • Secured $8.5 million in a seed funding round led by TLcom Capital and Flourish Ventures.
    • African blockchain startup headquartered in Lagos, Nigeria.
    • Aims to connect monetary stores of values and enable real-time payments across borders.
    • Funding to expand domestic network coverage and conduct a comprehensive pilot program for cross-border capabilities in 2025.
  • Copilot’s Series A Funding:
    • Raised $6 million in a Series A funding round led by VC Adjacent.
    • Offers a personal finance platform focusing on AI-driven analysis of financial activities.
    • Positioned to capitalize on the closure of Mint, seeing increased user adoption.
    • Aimed at fueling AI and product development ambitions.
  • TapFin’s Seed Funding:
    • Secured $4 million in a seed round led by Elevar Equity.
    • Mumbai-based fintech targeting MSME startups focused on sustainability.
    • Funds to enhance data and technological capabilities, drive product development, and support market expansion.
    • Aim to facilitate India’s Net Zero ambitions.
  • Flowpay’s Seed Funding:
    • Raised €2.1 million in a seed funding round.
    • Czech embedded software provider.
    • Backed by DEPO Ventures, Soulmates Ventures, Techstars, and angel investors.
    • Aims to expand outside the Czech Republic, develop technological capabilities, and enhance SME product offerings.
  • SmartSearch’s Investment from Triple Private Equity:
    • UK-based digital compliance and AML software vendor.
    • Secured an undisclosed equity investment from Triple Private Equity.
    • Triple Private Equity to hold a majority stake in the company.
    • SmartSearch aims to leverage Triple’s expertise in scaling B2B risk and compliance software.

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...

Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital

Key Points:Investment Details:Finbee Verslui has secured a...

Morgan Stanley buys stake in UK business payments start-up Sokin

Key Points:Acquisition Details:Morgan Stanley has acquired a...

New wealthtech start-up Waltz launches US real estate investment platform

Key Points:Launch Objective:Enable foreign investors to invest...

HSBC India partners with Open Financial Technologies to launch FinConnect for business clients

Key Points:Partnership Objective:Simplify payment processes for HSBC's...

FCA issues new guidelines to ensure cash access for consumers and small enterprises

Key Points:Objective:Ensure "reasonable access" to cash deposit...

Social trading app Shares set to exit UK market

Key Points:Market Exit:Shares is set to exit...

UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million

Key Points:Acquisition Agreement:UniCredit has signed a binding...

Kenya’s Diamond Trust Bank taps Network International for digital payment solutions

Summary of Diamond Trust Bank (DTB) and Network International...

Related Articles

Popular Categories

spot_imgspot_img