Investments

Investments
Menlo Ventures’ Aunkur Arya: FinTech ‘Growth at All Costs’ Pales Next to Capital Efficiency
June 13, 2022

For FinTechs, and for the venture capital firms that fund them, the mantra “growth at all costs” is so 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
VCs Say EU Firms Can Still Win Big Without US Expansion
June 13, 2022

The quality of entrepreneurs in Europe has improved over time, and instead of going to work for Goldman Sachs or McKinsey, the new generation of European talent are more likely to start their own businesses to tap into the thriving startup ecosystem, says Thomas Cuvelier,...

Investments
Razorpay Helps FinTech HostBooks Raise $3M
June 10, 2022

HostBooks, an Indian FinTech startup focused on micro, small and medium enterprises (MSMEs), has raised $3 million in a Series A round led by payments platform Razorpay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Beneficial State Bank Closes on $218M in Treasury Funding to Small Business, Consumers in Marginalized...
June 09, 2022

Beneficial State Bank closed on an equity investment of $218 million from the U.S. Treasury’s Emergency Capital Investment Program (ECIP) Thursday (June 9), which will support expanded lending to smaller businesses and low- to moderate-income customers. Get the Full Story Complete the form to unlock...

Investments
Middesk Raises $57M Toward Business Identity Improvements
June 09, 2022

Identity platform Middesk, which works to automate business verification and underwriting, has raised $57 million in a Series B round to fund new products, scale its team and provide education on business identity, according to a press release Thursday (June 9). Get the Full Story...

Investments
FinTech Backbase Raises $128M to Boost Consumer-Focused Engagement Banking
June 09, 2022

Engagement banking platform Backbase has raised almost $128 million in growth equity from FinTech specialist private equity firm Motive Partners, which it will use to bolster its position in the space, according to a company press release Thursday (June 9). Get the Full Story Complete...

Investments
Klar Raises $90M to Advance Consumer Digital Finance in Mexico
June 09, 2022

Digital financial services startup Klar raised $90 million in a funding round to build out its platform and further innovate to develop tailor-made solutions for consumers in Mexico. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Trunkrs Raises $16M to Boost Delivery Sustainability
June 09, 2022

Same-day and next-day delivery startup Trunkrs raised 15 million euros (about $16 million) in a Series B funding round to elevate its position in the Benelux and accelerate the sustainability of the package delivery chain, according to a Thursday (June 9) press release. Get the...

Investments
UAE’s ADQ Launches $100M Tech Fund in Jordan
June 09, 2022

The United Arab Emirates’ ADQ has launched a $100 million technology-focused venture capital fund with the Jordanian Ministry of Digital Economy and Entrepreneurship (MoDEE), according to a company press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...