PYMNTS-MonitorEdge-May-2024

funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

Source: en.wikipedia.org

SaaS Firm Payabli Raises $20 Million for Product Development, Security
SaaS Firm Payabli Raises $20 Million for Product Development, Security
June 25, 2024  |  Investments

Payment infrastructure solution firm Payabli raised $20 million in a Series A round. The Software-as-a-Service (SaaS) company plans to use the funding to drive product...

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FundPark Gets $250 Million for Chinese Working Capital Projects
FundPark Gets $250 Million for Chinese Working Capital Projects
June 25, 2024  |  Startups

Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has...

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Getir to Split Into 2 Companies in Restructuring
Getir to Split Into 2 Companies in Restructuring
June 24, 2024  |  Business

Turkish food delivery startup Getir will be divided into two companies as part of a restructuring that will bring in an investment of $250 million...

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Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
June 21, 2024  |  B2B Payments

Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to...

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Materia Exits Stealth, Launches GenAI Platform for Public Accounting Firms
Materia Exits Stealth, Launches GenAI Platform for Public Accounting Firms
June 20, 2024  |  artificial intelligence

Materia has come out of stealth with over $6.3 million in funding, launching a generative artificial intelligence (AI) platform built specifically for public accounting firms....

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Payment Network Zilch Aims to Triple Sales After Raising $127 Million
Payment Network Zilch Aims to Triple Sales After Raising $127 Million
June 19, 2024  |  Investments

British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch...

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Kapitus Raises $45 Million to Expand Small Business Financing Options
Kapitus Raises $45 Million to Expand Small Business Financing Options
June 18, 2024  |  Investments

Kapitus has closed a $45 million investment-grade corporate note financing and will use the proceeds to expand its financing options for small businesses. The company...

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Mexican Payments/Commerce Platform Clip Raises $100 Million
Mexican Payments/Commerce Platform Clip Raises $100 Million
June 18, 2024  |  Investments

Mexico-based digital payments/commerce platform Clip has raised $100 million in new funding. The financing comes from investment funds managed by Morgan Stanley Tactical Value, and...

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Spain’s Kfund Raises $75 Million for AI and Data Projects
Spain’s Kfund Raises $75 Million for AI and Data Projects
June 17, 2024  |  Investments

Spanish venture capital (VC) firm Kfund has raised $75 million to fund tech projects. The company announced the new fund Monday (June 17), saying it would help support founders...

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