in a Financial Technology FuturesIn this fast-paced industry, we know it can be easy to let finance ads slip away. That’s why we’ve compiled our weekly website In case you missed it (ICYMI) Finance group to get the latest finance news.
Bell EaseThe Cardless Buy Now, Pay Later (BNPL) platform in the Philippines has closed Round two: $11 million in new stock.
The round was led by BurdaPrincipal Investments, a growing capital arm of German media and technology company Hubert Burda Media and a backer of Carsome, Ninja Van and Zilingo, among others.
“BNPL services often rely on card payments, in the Philippines less than 5% of the adult population owns a credit card and cash on delivery remains the primary method of payment,” said co-founder and CEO George Steiger.
“To address this issue and expand our target market, we have developed our own credit, fraud and payments suite. While this requires more upfront investment, we actually solve a more fundamental problem for clients and allow us to establish long-term relationships.”
BillEase was launched in 2017 by fintech First Digital Finance Corporation (FDFC), and saw its growth accelerate tenfold over the course of 2021.
In addition to BNPL, the BillEase app offers other services such as personal loans, e-wallet ups, mobile phone loads, and game credits.
A Belgian Fintech Startup cake Effects 4.6 million euros Reorganization and international expansion. From February of this year, the current banking application will disappear to make way for European expansion with services targeting retailers, brands (Cake for Business) and banks (Cake for Banks).
The round was led by French venture capital firm Truffle Capital, backed by early stage investors including Seeder Fund, Sambrinvest and Freshmen.
Cake for Business is a marketing platform that allows retailers and brands to offer cashback discounts. It has more than 100 business partners in Belgium, including Schoenen Torfs, JBC, Veritas, Deliveroo and Lukoil.
Cake for Banks offers plug-and-play solutions for European banks to integrate the cashback module into their own banking applications. The first integration into an existing banking application was completed in early August. Under the name “Mooi Meegenomen van Cake”, customers of the Argenta banking and insurance group can choose to receive small refunds for purchases made using their Argenta account with Cake partners. Once customers activate refunds in their Argenta app, everything becomes automatic, according to the seller.
Cake was founded in 2019 by tech entrepreneur Davy Kestens with five co-founders. It currently employs 20 people.
Gr4vy, a California-based tech company that coordinates payments in the cloud-native, has closed a file $15 Million Series A Extension Roundled by Marsh Capital, with participation by Nyca Partners, Activant Capital and Plug and Play Ventures.
This round brings Gr4vy’s total funding to $27.2 million.
Since its launch in April, the startup says it has nearly doubled its valuation. The money will go towards expansion around the world.
“Global growth in various payment methods and processors has resulted in merchants building an increasingly complex payment infrastructure that is very inflexible when it comes to the fintech and payments marketplace,” says John Loon, founder and CEO of Gr4vy.
“The process of regulating payments should not be too complicated,” he comments. The company’s Payment Organizing Platform (POP) enables merchants to “extend and manage payment methods, services and transactions in a zero-token/low-code manner with just a few clicks,” he claimed.
FinmapNew , Ukrainian cash flow management service for companies, has closed new $1.2 million investment round. Participating in the round were Presto Ventures, Sturgeon Capital, SID Venture Partners and startup incubator Startup Wise Guys, as well as investment firms BRISE Capital and TBI CEO Peter Baron.
The investment will be used to expand the developer team, increase marketing, and expand services in Central and Southern Europe.
Further integration with banks and new CRM systems and the addition of a billing option for 2022 is also planned.
based in Israel shield, a workplace intelligence platform for compliance teams, closed a $15 million in A round of financing Led by Macquarie Capital and OurCrowd, with significant participation from Mindset Ventures.
The company says it’s been “preparing itself admirably” since its launch in 2018 so far.
Shield will use the funding to expand its presence in the United States with an office in New York City, as well as drive further growth in Europe, the Middle East, Africa and Asia Pacific.
Shield says it “enables regulated financial institutions to detect market abuse, gain behavioral analysis, mitigate toxic workplace culture, and ultimately automate monitoring over all employee communication channels, saving operational cost and compliance.”
The company says it applies advanced capabilities in artificial intelligence, natural language processing (NLP), and visualization.
skill, a provider of online investment and trading services, has closed its largest funding round to date – brought in 10 million euros in capital.
The company says its latest funding has increased its valuation by nearly 50% in the past year. “It marks the beginning of the next phase of Skilling’s growth as we assert ourselves in the fintech industry,” said Michael Kamerman, CEO of Skilling Group.
Skilling is registered in Cyprus and the Seychelles, and was founded and led by Scandinavian entrepreneurs. It was created in 2016.
It offers CFD trading on a range of global markets such as the best stocks, indices, ETFs, commodities and cryptocurrencies, as well as copy trading services through proprietary and third party platforms.