Investments

Investments
South African FinTech Sava Raises $2M in Pre-Seed Funding
June 30, 2022

South African FinTech Sava has raised pre-seed funding worth $2 million, which will go towards the company’s business-to-business (B2B) spending and budgeting solution, a report from Techbuild.africa said Thursday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
As Tech Stocks Fall, Startups Find VCs Setting Much Stricter Terms
June 30, 2022

With the economic climate turning chilly and tech stocks tumbling, venture capitalists have begun presenting starts with much tougher terms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
FinTech IPO Index Closes Q2 Down 43% for the Year
June 30, 2022

No respite into the end of the quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...

Investments
SMB Financing Firm OppZo Announces $260M Fundraise
June 30, 2022

OppZo Inc., which calls itself a “mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses,” announced Thursday (June 30) that it had raised $260 million in debt and equity financing. Get the Full Story Complete the form...

IPO
S Korean App-Based Lender K Bank Files First Application for IPO
June 30, 2022

South Korean app-based lender K Bank has submitted a preliminary application to conduct an initial public offering (IPO) in the country, Reuters reported Thursday (June 30) based on a statement from the Korea Exchange. Get the Full Story Complete the form to unlock this article...

Investments
GetVantage Raises $36M to Grow Revenue-Based Financing Biz
June 30, 2022

Alternative revenue-based funding platform GetAdvantage raised $36 million in equity and debt led by DMI Sparkle Fund and Varanium Nexgen Fintech Fund, with Varanium’s partner Aparajit Bhandarkar joining the GetAdvantage board, according to multiple reports on Thursday (June 30). Get the Full Story Complete the...

IPO
FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
June 30, 2022

Dozens of mergers scuttled. Dwindling share prices. A market that is so volatile that, frankly, it’s no surprise that special purpose acquisition companies (SPACs) have seemingly had their run and now are done. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Indian B2B Electronics Firm Arzooo Raises $70M
June 29, 2022

B2B consumer electronics company Arzooo has raised $70 million to scale its business in a $65 billion market, The Economic Times reported Wednesday (June 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Money Management Tool Cleo Picks Up $79M in Series C
June 29, 2022

London-based money management solution Cleo has raised 76 million euros ($79 million) in a Series C funding round led by Belgium-based investment company Sofina. Existing investors EQT Ventures, Balderton Capital and others also participated. Get the Full Story Complete the form to unlock this article...