Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. The funding was led by Inovia Capital and Founders Circle Capital, both of which are long-term investors in Clearco, the FinTech said in a Wednesday (Oct. 4) press release. Additionally, Clearco...
Blackbird Labs raised $24 million to scale its restaurant loyalty and membership platform. The company announced the Series A round, led by a16z crypto, with participation from new backers Amex Ventures and QED Investors, Wednesday (Oct. 4) on X, formerly Twitter. Today we are excited...
Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. According to a report Wednesday (Oct. 4) by EU Startups, the French company will use the funds to develop its product and expand into new geographies and markets. “Eighty percent of the world’s population...
Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a number of Sweden’s other FinTech players. “Brite will use the fresh funding to accelerate its geographic expansion, strengthen its presence...
Loop, a transportation logistics startup, has secured $35 million in a Series B funding round to grow its modern audit and payment platform for the supply chain. The company will use the new funding to continue building its solutions for the “next-gen supply chain,” Loop...
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the...
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that while Sequoia Capital has been a long-time investor in OpenAI, the firm is not actively...
Breezit has raised $2 million to help couples use artificial intelligence to plan their nuptials. The pre-seed round, announced Thursday (Sept. 28), was led by Practica Capital and will help Breezit further develop generative artificial intelligence (AI) and machine-learning capabilities for its venue and vendor marketplace. “An estimated 80% of...
Slope has secured $30 million in an equity round to scale its artificial intelligence (AI)-powered payments platform for B2B businesses. The round was led by Union Square Ventures, and there was participation from Sam Altman, CEO of OpenAI, Slope said in a Wednesday (Sept. 27)...
