Funding

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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Current Raises US$220 Million Funding, Triples Valuation to US$2.2 Billion

US-based challenger bank Current announced that it has raised $220 million in Series D funding and tripled its valuation to $2.2 billion in just five months. Current has now raised over $400 million in total funding. Andreessen Horowitz led the

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Digital Asset Bags US$120 Million to Expand its Daml Data Network

Digital Asset, the creators of the Daml multi-party application platform, announced that it has raised over US$ 120 million in Series D funding from 7RIDGE and Eldridge. The company said that it will use this financing to continue to expand

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