Today in FinTech: Financial Platform Sunrise Adds New Tools for SMBs

Today in FinTech, financing platform Sunrise adds new tools to its suite of small business offerings, while startups secure funding.

Financial Platform Sunrise Adds New Tools for SMBs

Bookkeeping and financial services platform Sunrise by Lendio has added several free functions to its offerings aimed at small- to medium-sized business (SMB) customers, including tax assist, bank reconciliation, personalized onboarding, and software-based invoicing tool Sunrise Plus. “With tax assist, businesses can use our expert tax checklist to take the guesswork out of filing taxes,” said Sunrise General Manager Caton Hanson. “Small businesses usually have quite a few 1099 employees, and we want to make sure that those documents are in one place.”

Colombian FinTech Bold Raises $55M

Colombian FinTech Bold has raised $55 million following a Series B financing round led by Tiger Global Management. The Bogota-based company said it will use the funding to expand its offerings into adjacent financial services for merchants, which include lending, debit and credit cards and capital financing. The company also hopes to expand its geographic footprint and recruit new talent. Founded in 2019, Bold is an independent merchant acquirer that works to promote financial inclusion by expanding the digital payments ecosystem in Colombia.

Blackstone-Led Funding Round Nets LemonEdge $4M

London-based accounting platform LemonEdge has raised $4 million in a financing round led by Blackstone. LemonEdge helps private capital firms automate and digitize end-to-end accounting processes. In what the firm called an industry-first, LemonEdge combines a “modern, purpose-built financial engine” with a customizable low-code platform, and advanced reporting and scenario tools.

London FinTech Fiat Republic Nets $3.5M in Funding

Fiat Republic, a United Kingdom startup that works with cryptocurrency platforms to create tools to process fiat currencies from financial institutions (FIs), has landed $3.5 million in seed funding in a financing round led by Speedinvest, Seedcamp and Credo, which are European Union technology investors. The 7-month-old company said the money will be used to add to its 14-person team and speed regulatory approvals in the U.K. and the EU.