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The Information broke the news of Ramp getting a 36% increase in valuation for a #fintech supported by Founders Fund and Khosla Ventures, providing a 36% increase from their last financing round. The fact that Keith Rabois led the round from his new firm at Khosla Ventures provides an incredible stamp of approval since I am sure the hurdle was that much higher, internally, to essentially double down on his legacy investment from Founders Fund. What do you think? #management #venturecapital #privateequity #fintech #capitalmarkets

FintechOS Secures $60M Series B+ - A Signal for VC Investment in Core Modernization FintechOS, the end-to-end financial product management platform, just raised a significant $60M Series B+ round led by Molten Ventures, Cipio Partners, and BlackRock, with participation from Earlybird Venture Capital, OTB Ventures, and GapMinder VC. This isn't just another funding announcement. It's a testament to the growing demand for core modernization solutions in the financial services industry. FintechOS's impressive 300% growth and their success in onboarding major clients like Societe Generale, Admiral Group Plc, and others speaks volumes about their ability to meet this demand. Key Takeaways for VCs: > Market Validation: This funding round, coupled with FintechOS's rapid growth, validates the significant market opportunity for core modernization solutions. > Proven Traction: FintechOS has demonstrated its ability to not only secure funding but also to acquire and retain high-profile clients in the banking and insurance sectors. > Strong Investor Confidence: The participation of established VCs like Molten Ventures, Cipio Partners, and BlackRock reinforces the credibility of FintechOS and its approach. #Fintech #CoreModernization #FinancialServices #VentureCapital #FintechOS

Core71, a venture investors syndicate in Hub71 Angel Program, and White Hill Capital, the largest VC in Kazakhstan, backed by The World Bank and investing in Central Asia and Caucasus, enter into a partnership to co-invest in ventures in MENA and promote Central Asia-MENA technology links. The partnership is seeded with co-investment in zypl.ai, a Hub71 AI credit scoring, pricing and underwiring company, with >35 financial institution clients in 12 countries underwriting >$120m SME and retail loans utilizing Zypl SaaS, with >$1m ARR, >20% month on month growth and >98% retention, and backed by Plug and Play Tech Center, Commercial Bank International, Battery Road Digital, Presto Ventures. Aslan Sultanov Azizjon Azimi Shuhrat Khalilbekov Firuzjon Sodiqov Masrur Sobirov Alireza Masrour KARIMA👼🏽 El Hakim 🎈🧸🐪 Jordan Bray David H.

Ramp announces Series D-2 capital raise! 🎉 The Fintech startup is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC.   Ramp started as a corporate card provider and now has expanded into expense and finance management tool for businesses. This new funding will allow them to triple down on the next wave of innovation to deliver more value for their customers, including a range of AI tools. This includes automating cumbersome processes, providing deeper insights into spending, enhancing decision-making capabilities, and more. Congrats to the Ramp team and its funding partners 👏 https://lnkd.in/d5rUyyZs #techfunding #fintech #procuretech #spendmanagement #technews

Farther, a technology-bolstered advisory firm, announced it has raised $72 million USD in a Series C round, co-led by CapitalG (Alphabet’s growth fund) and Viewpoint Ventures. Other notable investors include Bessemer Venture Partners, Khosla Ventures, and Lightspeed Venture Partners. This funding boosts Farther’s valuation to $542 million as the company surpasses 5000 customers and $5 billion in assets under management, marking 5x year-over-year growth. Farther’s technology infrastructure automates administrative tasks, allowing advisors to spend 90% of their time on client relationships and growing their businesses. CEO Taylor Matthews remarked, "This investment strengthens our commitment to reshaping wealth management by empowering advisors and delivering superior client experiences." With over $117 million raised to date, Farther continues to attract industry-leading advisors, expand its wealth management platform, and demonstrate the ever-growing market opportunity for tools that enhance advisor-in-the-loop services. Learn more about Farther: https://lnkd.in/gpJ3SMtt Read more about Farther’s Series C: https://lnkd.in/gxngt5Tb Catch up on more WealthTech news with our WealthTech Strategy Partners blog site: https://lnkd.in/gK-TxPx6 #wealthtech #fintech #SeriesC #Farther #wealthmanagement

Financial advisory clients will increasingly benefit as technology handles more administrative tasks, allowing advisors to focus on serving their clients. This is a significant win for WealthTech tools that empower professionals to prioritize personal connection.

Our latest Sydeletter is out, covering how emerging managers can leverage SPVs and pro rata rights to maximize their returns. Top VCs like Sequoia and Accel have mastered these strategies to maintain stakes in high-performing companies, and emerging managers can do the same. In this edition, we feature advice from Dave Sachse of Sachse Family Fund and Family VC, covering: -The power of follow-on investments: Learn why follow-on investments are crucial in today's venture landscape and how they can boost your fund’s returns. -Avoiding dilution: Understand the strategies to maintain your ownership percentage in high-potential startups, even as they go through multiple funding rounds. -Strategic use of SPVs: Discover how SPVs can help you pool additional capital for follow-on investments without draining your main fund’s resources. Sign up now to receive the full edition in your inbox today: https://lnkd.in/e7D_8uBJ

🟧🟦🟩 ZILO™ Welcomes Altered Capital as a New Strategic Investor 📢 Exciting news! Altered Capital has joined ZILO™ as a significant shareholder, acquiring a 6.5% stake from early investors. Here’s what it means: ◾ Validation: Another strong endorsement of ZILO™ as a leading player in the #TechTransformation space. ◾ Backed by Expertise: Altered Capital has a proven track record in high-growth tech investments, including names like #StarlingBank and #PalantirTechnologies. ◾ Mission Aligned: Both partners share a vision of enabling growth and differentiation in the global financial services sector. ◾ What’s Next?: Expect more innovative solutions as ZILO™ accelerates its expansion into new markets. #InvestmentNews #FinTech #SaaS #PrivateEquity #TechInnovation #BusinessTransformation #Zilo #alteredcapital #RokaSearch

🚀 What a great week for our members: fundcraft lands €5 million in Series A funding, with aperture.co at the helm! 🚀 #Fundcraft has closed a €5 million Series A funding round, with #ApertureCapital taking the lead. Additional participation came from SIX Fintech Ventures and other early backers. These funds are set to significantly accelerate product development and boost Fundcraft’s international expansion. Here are the insights shared by the key players: 🔸 Julien De Mayer, Fundcraft CEO: “Delighted to close this funding round! It opens up exciting opportunities for us to expand into new markets and explore different asset classes.” 🔸 Olga Porro, Fundcraft CPO: “Our focus is on digitizing and streamlining fund administration operations. This investment will accelerate our efforts, ensuring accessibility, efficiency, and transparency.” 🔸 Victor Martin Garcia, Fundcraft CTO: “We’re on a mission to disrupt the antiquated technology stack in the asset management industry. Our custom-built platform and collaboration with best-in-class tech providers will lead the way.” 🔸 Ben Robinson, Aperture Group CEO: “Fundcraft’s innovative model has the potential to transform asset servicing. By orchestrating the fund administration value chain and embracing digitization, they’re poised to capture economies of scale.” 🚨 Learn more about this exciting news: https://lnkd.in/dZxfXNwM #Fundcraft #Fintech #AssetManagement #Innovation

Lots of really interesting insights from our Investment Trends to Watch panel at the Innovate Finance Global Summit earlier this week. I was joined by Tim Levene CEO at Augmentum Fintech, Steve Gibson from 13books Capital, Sophie Winwood, Partner at Foxe Capital and Kevin Chong Co-Founder of Outward VC Key takeaways: 📈 the panel were positive about 2024, with Q1 showing an improved volume and quality of deal flow ⌛️ for fintech startups, having a VC that understands the fintech space and is with you for the long haul is essential 👀 it's just as important for founders to do their due diligence on an investor when seeking investment, and have their eyes wide open when entering this partnership 🏆 2024/2025 are arguably set to be vintage years, as founders with the grit, dedication and diligence to survive these tough periods are often responsible for some of the most successful businesses #fintech #investment #vc #venture #venturecapital #tech #techlawyers #techlawyer #growthcompany #growthcompanies #fundraising