Investments

Investments
FinTech Novea Raises $55M to Advance InsureTech Platform
December 21, 2021

FinTech software firm Novea raised $50 million in equity and $5 million in debt financing that will be used for its subsidiaries Jacana Warranty and Jacana Insurance to advance their positions in the consumer warranty and service contracts industry, according to a Monday (Dec. 20)...

Investments
French Payments Startup Numeral Raises $14.7M
December 21, 2021

French startup Numeral raised €13 million ($14.7 million) in a seed round led by Balderton Capital to help the company grow its 10-person team to 40, boost product development and expand its bank coverage, according to a blog post on Tuesday (Dec. 21). Get the...

IPO
Online Marketplace Snapdeal May File Draft IPO With India’s Markets Regulator
December 20, 2021

Online marketplace Snapdeal is likely to file papers soon with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), The Economic Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Korean eGrocer Kurly Raises $210M in Pre-IPO Round as Global Competition Heats Up
December 20, 2021

Around the world, investors remain hungry for food eCommerce solutions. Seoul, South Korea-based grocery delivery startup Kurly has raised 250 billion won, or about $210 million, in a funding round in advance of its initial public offering (IPO), Korea JoongAng Daily reported Monday (Dec. 20),...

Investments
Venture Capital Investment in Saudi Firms on the Rise
December 20, 2021

Business-to-business (B2B) eCommerce marketplace Sary has raised SR281 million ($75 million) in a Series C funding round, seven months after it raised its $30.5 million Series B round, according to a Dec. 20 report by Zawya. Get the Full Story Complete the form to unlock...

Investments
BNPL Firm Addi Pushes Value to $700M Following $200M Fundraise  
December 20, 2021

Latin American buy now, pay later (BNPL) company Addi has generated $200 million of debt and equity, pushing its valuation to more than $700 million, according to a Monday (Dec. 20) report from Bloomberg.   Get the Full Story Complete the form to unlock this article...

SPAC
Zegna Goes Public Through $3.1B SPAC Deal with Investindustrial 
December 20, 2021

Italian luxury fashion company Zegna is making its debut on the New York Stock Exchange Monday (Dec. 20) under the ticker symbol ZGN after a special purpose acquisition company deal with European private equity company Investindustrial that valued the company at $3.1 billion.  Get the...

Investments
Razorpay Raises $375M Toward Expansion, Acquisitions
December 19, 2021

Payments gateway platform Razorpay has raised $375 million in a funding round, which it will use to invest in the neobank platform, make more acquisitions and enter more markets, The Economic Times of India reported. Get the Full Story Complete the form to unlock this...

Investments
‘No Likes’ Social Branding App Tagg Raises $2M
December 17, 2021

Tagg, a “social branding” app connecting young creatives, announced on Friday (Dec. 17) that it had raised $2 million in seed funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...