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

Report: Secondary Startup Market Booms as Investors Sell
Report: Secondary Startup Market Booms as Investors Sell
January 17, 2024  |  Investments

Investment firms are reportedly raising billions to purchase stakes in venture capital (VC)-backed tech startups. “The main exit for VCs is primarily IPOs and M&A [mergers and...

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Detected Raises $2.4 Million to Expand Business Onboarding Intelligence Solution
Detected Raises $2.4 Million to Expand Business Onboarding Intelligence Solution
January 15, 2024  |  Investments

London-based FinTech company Detected secured 2.2 million euros (about $2.4 million) in funding for its business onboarding intelligence offering. The capital injection will enable Detected...

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PayPal, Samsung Join LatAm-Focused FinTech Prometeo’s $13 Million Series A
PayPal, Samsung Join LatAm-Focused FinTech Prometeo’s $13 Million Series A
January 12, 2024  |  Investments

Prometeo, a Uruguay-based FinTech infrastructure company focused on financial institutions in Latin America, has raised $13 million in Series A funding.  The funding round was...

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1X Raises $100 Million to Bring Android to Consumer Market 
1X Raises $100 Million to Bring Android to Consumer Market 
January 11, 2024  |  Investments

Artificial intelligence (AI) and robotics company 1X has raised $100 million in Series B funding.  The company will use the new funding to bring to market its...

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Car Subscription Provider Finn Raises $110 Million to Add EVs
Car Subscription Provider Finn Raises $110 Million to Add EVs
January 11, 2024  |  Investments

Car subscription provider Finn raised 100 million euros (about $110 million) in a Series C equity funding round. The firm will use the new capital...

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Rivero Raises $7 Million to Expand Payment Automation Offering
Rivero Raises $7 Million to Expand Payment Automation Offering
January 11, 2024  |  Investments

Swiss FinTech Rivero plans to expand to new markets after raising $7 million. Rivero, which specializes in digitization and automation of payment processes, announced the...

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Sway Raises $19.5 Million to Enable ‘Customer-Centric’ Delivery and Returns 
Sway Raises $19.5 Million to Enable ‘Customer-Centric’ Delivery and Returns 
January 11, 2024  |  Investments

Sway, formerly known as ReturnMates, has rebranded and raised $19.5 million in a Series A round to build a “customer-centric” delivery and returns platform.  The...

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Exponent Co-Founder Eyes B2B Startups Riding ‘Growth Curves’
Exponent Co-Founder Eyes B2B Startups Riding ‘Growth Curves’
January 11, 2024  |  Investments

Mahdi Raza, co-founder and co-managing partner of Exponent Founders Capital, told Karen Webster that the landscape is changing for investors eyeing the digital transformation of...

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European eGrocer Picnic Raises $380M+ Amid Industry’s Digital Transformation
European eGrocer Picnic Raises $380M+ Amid Industry’s Digital Transformation
January 10, 2024  |  Investments

Around the world, grocery is increasingly shifting into the digital sphere, and investors are taking note. Dutch online grocer Picnic Technologies raised 350 million euros...

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