Investments

Investments
PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand into new markets in Europe and grow its digital payment management platform for the automotive industry, bezahl.de,...

Investments
Marco Raises $12 Million to Support LatAm Trade Finance
March 19, 2024

Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America, according to a Tuesday (March 19) news release. “Through my own journey as an SME...

Investments
Marc Lore’s ‘Super App of Mealtime’ Wonder Raises $700 Million
March 19, 2024

Wonder has raised $700 million to continue building “the super app of mealtime.” Marc Lore, the serial entrepreneur and former Walmart executive who is founder, chairman and CEO of Wonder Group, announced the fundraise in a Tuesday (March 19) post on LinkedIn. Wonder allows customers...

Investments
FlexPoint Raises $35 Million for Payments Automation Platform
March 18, 2024

FlexPoint has raised $35 million in debt and equity to grow its payments automation platform that serves managed services providers (MSPs) and their business clients.  This funding round includes a $5 million equity investment and a $30 million credit facility, the company said in a...

Investments
Nordic Capital to Invest in Insurance Payment Platform One Inc
March 14, 2024

Nordic Capital is making a strategic investment in One Inc, a digital payments platform for the North American insurance industry. Nordic Capital will join Great Hill Partners as an investor in One Inc, with the two investors having an equal stake to each other alongside...

Investments
Report: Softbank Considers Investing in Mistral AI
March 14, 2024

Japan’s SoftBank is reportedly weighing an investment in French artificial intelligence (AI) startup Mistral AI. The tech giant has shown interest in backing Mistral the next time it does fundraising, Bloomberg News reported Thursday (March 14), citing sources with knowledge of the matter. The sources said any deal...

Investments
PayPal Ventures-Backed PPRO Raises $93 Million for Local Payments Platform
March 13, 2024

PPRO has raised 85 million euros ($93 million) to expand and enhance its local payments platform. The company will use the new funding to grow in key markets and enhance its global network of local payment methods, PPRO said in a Wednesday (March 13) press...

Investments
Nanonets Raises $29 Million to Automate ‘Mundane Office Work’
March 12, 2024

AI-based workflow automation platform Nanonets has raised $29 million in new funding. The company’s Series B round, announced Tuesday (March 12), comes as roughly a third of Fortune 500 countries have used Nanonet’s artificial intelligence (AI)-based workflow automation for finance, accounting, operations and other uses. “The internet was going...

Investments
PayShepherd Raises $7 Million for Vendor Management Platform
March 08, 2024

PayShepherd has raised $7 million in a seed funding round for its vendor relationship management platform designed for heavy industry firms. “This new funding will accelerate the execution of our mission: protecting mission-critical relationships between industrial operators and their vendors and enabling our clients to...