Muse Finance, a London-based digital finance provider for small, medium and growing businesses, announced Tuesday (Aug. 23) that it has raised a $20 million debt facility ahead of its upcoming Series A round, which is planned for early 2023. The latest announcement means that Muse...
Small business financing FinTech Kapitus has increased its funding capacity by $95 million, bringing its total debt facilities to $360 million. This increase enables the company to expand its ability to fund small business growth, according to a Tuesday (Aug. 23) press release. “Kapitus helped...
The valuation for payments company Stripe and other pre-IPO tech firms was cut by T. Rowe Price Group‘s Global Tech Fund amid cooling investor appetite surrounding FinTechs. According to regulatory filings, Stripe’s valuation was marked down 64% to $23.04 per share as of June 30...
Dallas-based payments FinTech Highline Technologies announced Monday (Aug. 22) that it has raised $13 million in a Series A funding round. The round was led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors. According to the press release, the new funds will be used...
FinTech lenders are backing more loans with deposits as investors become tougher to find amid rising interest rates and expectations for higher yields. Banks and investors have also become more selective about where they put their money and are guarded about credit risk and the...
Singaporean FinTech FinAccel reportedly aims to raise $100 million at a $1.5 billion valuation. That valuation would be one-quarter lower than the $2 billion valuation it had in 2021, according to a Bloomberg report that cited unnamed sources familiar with the matter and added that...
Central Payment, a payments-tech and card-issuing platform, today announced it has raised $30 million in growth equity financing that will spin it out from Central Bank of Kansas City. “Since inception, we have remained steadfast in our belief that new technology and the stability of...
Indian working capital solution provider CredAble has raised $9 million via an equity infusion from Indian bank Axis Bank and CredAble’s existing investor OAKS Asset Management, APN News reported Friday (Aug. 5). CredAble’s working capital platform caters to Indian companies of all sizes, and the...
FinTech fund Portage is putting together a structured equity fund focusing on backing late-stage financial technology startups. As Reuters reported Thursday (July 28), the Toronto-based company said this fund is aimed at FinTechs that are wary about taking a hit on their valuation as the...
