![]() The seed round was led by Ahli Fintech and joined by Raz Holding Group, OMQ Investments and EFG EV Fintech. ![]() The UAE-based firm plans to expand its reach and boost financial inclusion across key Middle East and North Africa markets. Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China and Dragonfly Capital.įintech Galaxy has raised $2million in seed funding to further boost the development of its open finance platform. The new capital will fund strategic investments and acquisitions, product development and licences for popular intellectual properties. ![]() The Proportunity team celebrates after raising over £100million Further investment updatesĪnimoca Brands, the company driving digital property rights via NFTs, has closed a capital raise for $65million. The funding will help Proportunity grow its team and will also increase its maximum loan size from £90,000 up to £150,000 per home. This latest debt and equity round was led by VentureFriends, Kibo Ventures and existing investors Anthemis and Entrepreneur First. The new investment follows a £7.3million funding round in 2020 for the London-based fintech. Neo-lender Proportunity has raised £105million investment through debt and equity funding. The company plans to use the funds primarily for growth in the UK, US and new markets, as well as continuing the scale of its platform and services. The company also received co-investment from Expa, along with support from existing investors Insurtech Gateway and TrueSight Ventures. Meanwhile insurtech startup BondAval has secured a $7million seed round led by UK-based venture fund Octopus Ventures. Rossum looks to capitalise on surging corporate demand for automation in business processes. Previous investors, including LocalGlobe, Seedcamp, Miton and Elad Gil, also participated. Rossum, the AI document tech company, has raised $100million from General Catalyst in what is Eastern Europe’s largest ever Series A. The funding will be used to meet the capital requirements of Zopa Bank’s rapidly growing balance sheet. Additional investors included Chimera Abu Dhabi, IAG Silverstripe, Davidson Kempner Capital Management LP, NorthZone and Augmentum Fintech. Zopa Bank has announced a $300million pre-IPO funding round led by Softbank. Today’s The Fintech Times Bi-Weekly News Roundup is packed to the rafters with funding success stories and fintech collaborations.
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