Funding

Americas Attracts US$39.4B in Fintech Investment in 1H 2022 With 1,430 Deals

Despite a dip in quarterly investment to US$22.7 billion, the Americas saw a record 806 deals in Q1’22, according to KPMG’s Pulse of Fintech H1’22 report. However, total investment dropped to US$16.8 billion across 624 deals in Q2’22, bringing the

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Flutterwave Closes USD $250M in Series D Funding

Flutterwave announced that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest

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Crypto Firm Circle Raises US$440 Million, Considers US$4 Billion SPAC Deal

Circle, creator of the second largest stablecoin USDC, announced it has raised US$440 million in financing from leading institutional and strategic investors. The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company,

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E-Commerce Fraud Prevention Firm Forter Secures US$300 Million Funding

Forter, a U.S.-based integrated fraud prevention platform for e-commerce, announced that it has raised US$300 million in Series F funding round. The announcement comes six months after the company completed its US$125 million Series E round, almost tripling the valuation

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Neobank for Freelancers Lili Secures US$55 Million in Series B Fundraise

Lili, a mobile banking service for freelancers in the U.S., announced a US$55 million Series B investment led by Group 11, bringing total funding to US$80 million. Other notable investors included Target Global and AltaIR with previous investors re-upping. The

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Remitly Receives Investment From Visa Ahead of IPO Plans

Remitly, a mobile-first provider of remittances and financial services for immigrants, announced that it has received an undisclosed sum of equity investment from Visa. News of the funding comes days amidst reports that Remitly is preparing for an initial public

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Forge Raises Over US$150 Million in Funding, Backed by Deutsche Börse and Temasek

Forge Global, a global private securities marketplace, announced that it has received Financial Industry Regulatory Authority’s (FINRA) approval to operate as a single broker dealer with SharesPost following a merger in 2020, and that it closed an oversubscribed round of

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Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In

Wealthsimple, a Canadian online investment management service focused on millennials, announced that it has raised $610 million (C$750 million) in a funding round. This latest investment has pushed its valuation to about $4 billion (C$5 billion). The round was led by

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Crypto Firm Paxos Raises US$ 300 Million in Series D Funding At US$ 2.4 Billion Valuation

Paxos, a New York-based regulated blockchain infrastructure platform, announced it has closed a US$ 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group,

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Kid-Focused Startup Greenlight Snags US$260 Million in Series D Funding Round

Greenlight Financial Technology, a debit card for kids and a mobile app that empowers parents raise financially-smart children, announced the close of a US$ 260 million Series D funding round. This brings Greenlight’s total funding to over $550 million and

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