Harvest Venture Partners’ Post

Consumer lending platform Moneyview has turned unicorn in a new funding round from the existing investors Accel and Nexus Venture Partners. The board at Moneyview has passed a special resolution to issue 60,23,382 equity shares at an issue price of Rs 64.15 each to raise Rs 38.64 crore (approximately $4.65 million) Moneyview also announced the acquisition of Jify, a platform that enables employees to access their earnings on demand. Read The Arc's report here for exclusive details! #unicorn #funding #aqusition #moneyview #jify #investments #indianunicorn

🚀 Stay in the loop with FinTech Futures! 🔄 Don't miss out on the latest funding updates in the fast-paced world of finance. Check out our weekly In Case You Missed It (ICYMI) round-up featuring Kudos, Teal, WeMoney and more. Read here ⏬ http://spr.ly/6040dhUnK #FinTechNews #FundingRoundup #ICYMI

New #investment opportunity on Spreds Waow is a 100% subsidiary of MPS (#Mobile #Payment #Solutions), a company focused on creating added value during payment #processes. With a market cap of 5.5 million euros, we create #customized #payment #solutions on behalf of and in collaboration with our customers that add something extra to payment #transactions and want to make payments sexy again. In doing so, we focus on user experience, loyalty and data on the spot. Waow is a network that brings local #merchants and #consumers together. Business owners reward their customers for local and loyal shopping within our network, leading to more sales, store visits and a stronger local economy. In turn, customers who pay through the green Waow terminal can count on a 2% direct discount at the local merchant. Want to know how it works? https://lnkd.in/eZBkTcC3 Investing involves serious risks, including the partial or total loss of the invested capital. Please read the Key Investment Information Sheet and risk factors and log in before investing. #capital #investment #growth #K #raise #startups #scaleups #equity

𝐑𝐞𝐜𝐞𝐢𝐩𝐭𝐚𝐛𝐥𝐞 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 𝐏𝐫𝐞-𝐒𝐞𝐞𝐝 𝐑𝐨𝐮𝐧𝐝 𝐟𝐫𝐨𝐦 𝐇𝐏 𝐒𝐩𝐫𝐢𝐧𝐠 𝐒𝐭𝐮𝐝𝐢𝐨𝐬 Receiptable, founded in 2022 by Chris Purdie, provides digital receipts to consumers via mobile phones, bridging the data gap between banks and retailers. Read More: https://bityl.co/Orzs #receiptable #hpspringstudios #hpstudios #funding #fundingnews #NewsUpdate #news #BusinessNews #newsdaily #businessnewsupdates #thecioworld

Fintech startup Pockit announced the acquisition of UK first mobile only banking service Monese #Pockit, a #fintech company dedicated to serving the "unbanked," has acquired #Monese, Britain's first mobile-only banking service. This merger creates a combined business that now serves over three million customers, aiming to revolutionize access to financial services for those underserved by traditional banks. Pockit was founded in 2014 by CEO Virraj Jatania, who envisioned providing accessible financial solutions to individuals often overlooked by mainstream finance. Monese, established in 2013 by Estonian entrepreneur Norris Koppel after his own challenges opening a bank account as a migrant worker, shares a similar mission. With over two million customers across more than 30 countries, Monese brings a strong European presence to the table. This #acquisition is transformational for several reasons. Monese's e-money and consumer credit licenses will allow Pockit to reduce transaction costs and introduce new lending products, tackling issues like predatory lending practices that affect low-income families. The combined entity is set to process around £5 billion in transactions annually. Investors are backing this ambitious integration, with Puma Growth Partners planning to lead an investment of up to £15 million. Pockit's notable backers include Sir Alex Ferguson, former Manchester United manager; private equity veteran Jon Moulton; and the UK government's Future Fund. This merger represents a significant step toward financial inclusion for the estimated 17.5 million people in the UK who struggle to access traditional financial services. By joining forces, Pockit and Monese are poised to make a meaningful impact on the lives of those who need it most. The article on The Times in the first comment.

May 2024: Top five funding rounds of the month Customer Refocus 2024-05-29 Cameron Emanuel-Burns FinTech Futures takes a look back at five of the top funding rounds to emerge during May. <p>Despite fluctuating market conditions, fintech firms across the globe have landed various levels of funding this month, ranging from significant raises for multinational corporations to seed rounds for start-ups.</p> <p>Here, we run through five of the top funding stories of the month, featuring Monzo, SumUp, Iwoca, Alpian, Colendi and more.</p> <hr> <h2>Monzo secures additional $190m funding from new and existing investors</h2> <div class="wp-caption"><img sizes="(max-width: 185px) 100vw, 185px" src="https://lnkd.in/eVUf2ZY2" alt="Monzo fintech news" width="185" srcset="https://lnkd.in/eVUf2ZY2 180w, https://lnkd.in/eYnSXRaa 150w, https://lnkd.in/eB-BvSKP 110w, https://lnkd.in/eK2HY4gE 90w, https://lnkd.in/ed4j4amt 100w, https://lnkd.in/eS2-3Fve 70w, https://lnkd.in/etwPx9Gn 280w, https://lnkd.in/e9H7D87y 500w" class="wp-image-15256502" height="185"><p class="wp-caption-text">Monzo secures additional $190m for new growth</p></div> <p>The challenger’s latest funding round was supported by UK-based VC firm Hedosophia as a new investor, and closed at a post-money valuation of over $5.2 billion.</p> <p>CapitalG, the independent growth fund of Google’s parent company Alphabet, also participated in the round, after leading Monzo’s previous $430 million raise in March.</p> <p>In a statement, TS Anil, CEO of Monzo, claims the additional funding exemplifies “the momentum and strength of our business model”, and hints that “with even more rocket fuel for our ambitions” the “best of Monzo is yet to come”.</p> <p>The digital challenger plans to leverage its latest funds to satisfy its ongoing growth initiatives. Some of its new products to have hit the market include instant access savings accounts, a retail investment service, cashback rewards, a mortgage tracker and a call status fraud prevention tool, among others.</p> <p><em><strong><a href="https://lnkd.in/ehtSx_Au">Read more here</a></strong></em></p> <hr> <h2>Iwoca lands £270m debt funding package from Citibank and Barclays</h2> <p>The UK-based SME lender says it will utilise the funding to increase its presence in both domestic and international markets amid the “mounting demand for finance from small businesses”.</p> <p>The package is comprised of a joint £150 million commitment from Citibank and Insight Investment, which the lender intends to leverage to strike growth in Germany, alongside a further

🚀 Exciting news in the #fintech world! PPRO has successfully secured an impressive €85m in a "dual tranche" #funding round, marking a significant leap towards expanding their market presence and enhancing their #payment #solutions portfolio. With #heavyweights like PayPal Ventures, J.P. Morgan, and BlackRock backing this venture, the future looks bright for #PPRO. Let's discuss the impact of this move on the fintech landscape! 💡 #FintechGrowth #PPRO #InnovationInFinance

Tally, a personal finance solution backed by Sway Ventures & #a16z to help users manage & pay off #credit card debt shuts down despite raising $172M in #funding. Was the closure of its #consumer app & pivot to #B2B a factor? Learn more! https://lnkd.in/d7trw5Qd #Tally #Fintech #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingnow #trendingnews #explore #explorepage #techdogs

Care.fi, a healthcare-focused fintech startup has secured $2 million in debt capital from Trifecta Capital as well as an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit. As per the startup, the funding will be used to scale its book size, expansion, enhancing the business, and strengthening the team size. Co-founded by Sidak Singh and Vikrant Agrawal in the year 2021, Care.fi is a fintech company offering smart financing solutions to hospitals, doctors, and allied suppliers. It helps to bridge the gaps in funding within the healthcare industry. The company addresses the financial needs of healthcare professionals and institutions, facilitating smoother operations and accelerated growth. #venturecapital #investment #funding

🚨 Big News in Fintech 🚨 London-based Apron, a business payments platform, just raised $30M in Series B funding! 💸 This round was led by Zinal Growth and joined by Index Ventures, Bessemer Venture Partners, Visionaries Club, and Tony Fadell —inventor of the iPod and Principal at Build Collective. 💼 What’s Next for Apron? The funds will be used to expand product and engineering teams as they prepare for a major launch in expenses management and further develop products for larger business customers. 🛠️ 💡 Why it Matters: Led by Bogdan Uzbekov, Apron helps small businesses digitize and simplify payments—whether it’s capturing invoices, getting approvals, or batch paying invoices with ease. 🌍 🌐 With integrations to tools like Xero and QuickBooks Company, Apron handles thousands of invoices and millions in payments daily—empowering businesses to focus on growth, not admin! 📈 Apron is revolutionizing payments—are you ready to join the future of finance? 🚀 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs #Fintech #Payments #Funding #BusinessGrowth #SeriesB #FutureOfFinance #Apron #Visionaries #ZinalGrowth #FutureTechly