22nd July 2022
Our weekly round-up for you to get the latest fintech funding news from around the world. Global B2B software-as-a-service (SaaS) company TurnKey Lender has raised $10 million in a new funding round led by OTB Ventures. TurnKey Lender lands $10m
The round, a mix of equity financing and debt, also saw participation from DEG and Vertex Ventures. TurnKey Lender says it will use the new funds to “take advantage” of new opportunities in embedded lending adoption macro trends across North America, Europe and Southeast Asia. It has also appointed former Intel corporate vice president Christian Morales as chairman of the board. Morales brings over 40 years of senior experience in leading global tech institutions. In his new role, he will work to ensure the company continues its growth in revenue, hiring, strategic partnerships and client relationships. Founded in 2014, TurnKey Lender offers a SaaS platform that automates the digital lending process in developing and developed markets. California-based FairPlay, which provides an algorithmic decision-making solution for credit lending, has secured $10 million in Series A funding. The round was led by Nyca Partners with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner. Launched in 2020, FairPlay uses AI “fairness techniques” to reduce algorithmic bias for people of colour, women and other historically disadvantaged groups. FairPlay claims its solution enables lenders to identify and mitigate bias in their credit models, increasing profitability and financial inclusion. “Fairness-as-a-service is growing fast,” says Kareem Saleh, founder and CEO of FairPlay. “Lenders use FairPlay because they believe, as we do, that fairness is good for people, profits and progress.”
Sudan-based fintech Bloom, which offers “fair and inclusive” financial services in East Africa, has bagged $6.5 million in a seed funding round. Bloom bags $6.5m
The funding saw participation from Y Combinator, Global Founders Capital, Goodwater Capital, Visa and VentureSouq, alongside a number of angel investors. The company says it will use the fresh money to recruit “world-class” talent, improve customer experience and offer new financial services to its members in Sudan and the wider East Africa region. The digital banking firm is the first Sudanese company to join Visa’s Fintech Fast Track Programme. Founded in 2021 and having recently graduated from Y Combinator’s 2022 batch, Bloom claims to have more than 100,000 users signed up on its waitlist for access to its app. London-based start-up Inveztor has raised £1.3 million in an oversubscribed pre-seed fundraising round. The round saw participation from 17 investors. Marcus Everard (via Skye Capital) and StemFinancial led the round, with Portfolio Ventures and other angels taking part. Inveztor is a fintech firm providing software to agents and market participants in debt capital markets. The company says it is building a digital platform where deal teams can collaborate and manage debt securities including bonds and escrows. The platform brings together issuers, advisors and legal counsel to allow agents to intelligently manage deals in a real-time environment. Inveztor says it will launch its product in September. Hardbacon, a Canadian personal finance application, has secured $706,000 in funding from more than 500 investors through the FrontFundr equity crowdfunding portal. Hardbacon raises capital via crowdfunding
It first launched the equity crowdfunding campaign back in May . With the new funding, Hardbacon’s total financing has now reached more than $3.1 million since its founding. The investment will be used to boost the company’s growth. Currently, Hardbacon says it has 232,000 monthly unique visitors and it plans to double its reach by the end of the year. Hardbacon helps Canadians plan, budget and invest, while also enabling users to compare different financial services such as credit cards, bank accounts, online brokers, robo-advisors, mortgages and crypto exchanges. Looking ahead, Hardbacon announced that it intends to go public in 2023. Dufrain, a data management services and data analytics consultancy, has secured an undisclosed investment from Phoenix Equity Partners, a UK growth-focused private equity firm. The company says the move is intended to fuel the next stage of its growth as part of a management buyout. Founded in 2010, Dufrain helps its financial services and banking clients discover, manage and optimise data to gain insights and make informed business decisions. It employs over 170 data experts from its offices in Edinburgh, Manchester and London. Dufrain claims to have seen year-on-year revenue growth of 40% over the past two years. It adds that the investment will allow the business to continue its growth by expanding its footprint across multiple geographies and sectors as well as further developing its in-house technology solutions.

ICYMI fintech funding round-up: TurnKey Lender, FairPlay, Bloom & more

Longueuil, Quebec, CANADA
MONTREAL, June  22, 2022  (GLOBE NEWSWIRE) -- Hardbacon , a personal finance application used by more than 39,000 Canadians, announced today a new partnership with Securiglobe , a travel protection and health insurance distributor, to help Canadians save on travel insurance. The partnership arrives right on time for summer, as Canadians are more eager than ever to travel following the onset of the Covid-19 pandemic, and allows them to save hundreds of dollars when they compare prices on travel insurance. Hardbacon’s comparison tool is easy to use and is available side-by-side with valuable tips to save money on your next Canadian travel insurance policy. “Taking the time to compare prices on travel insurance can save you hundreds of dollars,” said Hardbacon CEO, Julien Brault. “By teaming up with Securiglobe, we are certain to help Canadians find the best prices on travel insurance to help them spend their money on experiences that really matter this summer.”
Most recently, in February, the company expanded its suite of travel comparison tools to help Canadians travel for less, allowing Canadians to compare everything from flights and hotels . Securiglobe is one of the largest travel insurance brokers in Canada. It represents a variety of recognized insurers to ensure it is offering the best products at the best prices. “At Securiglobe, we want to offer Canadians peace of mind when they travel and Hardbacon understands that that starts with the right policy at the right price for each unique individual,” said Bianca Cloutier-Lamoureux, web marketing coordinator and social media manager, Securiglobe. “We’re excited to partner with Hardbacon to continue to offer the best protection for the travel needs of all Canadians.”

Hardbacon Partners With Securiglobe to Help Canadians  Save on Travel Insurance

A weekly FinTech summary to get the latest funding news from North America. Featuring Pebble, Arteria, Hardbacon and Digital Asset. New York based financial app Pebbles Secured $ 6.2 million With funding. Pebble Raises $ 6.2 Million The round will be led by Y Combinator and other investors such as Lightshed Ventures, Soma Capital, Eniac …
The post Pebble, Arteria, Hardbacon, Digital Asset appeared first on London News Time.

Pebble, Arteria, Hardbacon, Digital Asset

2nd June 2022
Our weekly fintech round-up for you to get the latest funding news from North America. New York-based financial app Pebble has secured $6.2 million in funding. Pebble raises $6.2 million
The round was led by Y Combinator and other investors including Lightshed Ventures, Soma Capital, Eniac Ventures, Global Founders Capital, Montage Ventures, East Ventures, Cadenza Capital, The House Fund, Spice Capital, Helium-3 Ventures and Bluewatch Ventures, among others. Pebble says it plans to use the funds to accelerate its growth and expand operations into new markets. A blockchain-powered financial product, Pebble enables users to pay, save, send and spend money. Arteria AI, an enterprise digital documentation software, has received an undisclosed sum of funding from Citi Sprint, the bank’s investment arm, and BDC Capital. Arteria says it uses artificial intelligence and data to make documentation processes “frictionless”. The firm’s products can be used to draft, negotiate and analyse documentation and contracts. It claims the platform is built to the specific requirements of the institutional banking and trading sector. Also investing in the round were Information Venture Partners and Illuminate Financial, alongside StandUp Ventures and Golden Ventures. Arteria says the capital will be used to accelerate its growth and the adoption of its solution. Montreal-based fintech start-up Hardbacon has raised $400,000 in an equity crowdfunding campaign via FrontFundr. Hardbacon is a personal finance application helping people plan, budget, save and invest through one app. The company says it has reached 85% of its $500,000 fundraising goal, bringing Hardbacon’s total financing to more than $2.35 million since its founding. US-based firm Digital Asset has received an undisclosed amount in funding from Japan’s SBI Holdings and has also agreed to establish a joint venture in Japan. The joint venture will be formally launched in 2022 under equal ownership and is expected to operate within the Japanese and East Asian markets. Digital Asset is working with financial institutions and market infrastructures on blockchain-related projects, including the Australian Securities Exchange, Deutsche Börse, Hong Kong Exchanges and Goldman Sachs, among others. Yoshitaka Kitao, president and representative director of SBI Holdings, says: “Digital Asset has excellent technology and business concepts. “We expect to further accelerate the SBI Group’s digital-asset related businesses and digital transformation by actively introducing Digital Asset’s technology.”

US fintech funding round-up: Pebble, Arteria, Hardbacon & Digital Asset

Hardbacon, a personal finance application used by more than 38,000 Canadians, has launched an equity crowdfunding campaign through the FrontFundr portal “where it has secured no less than $422,829 in the first 24 hours.” As part of the campaign, Hardbacon has “obtained $303,965 in... Read More

Personal Finance App Hardbacon Launches Equity Crowdfunding Campaign, Secures Over $400K

SecuriGlobe is a travel insurance broker that provides travel protection and health insurance. It offers insurance products such as snowbird travel insurance, emergency medical travel insurance, visitor travel insurance, trip cancellation and interruption insurance, and more. The company was founded in 1999 and is based in Brossard, Quebec.

SecuriGlobe

HelloSafe Canada is a comparison of insurance and financial products. The company simplifies access to the comparison of insurance and finance products by allowing everyone to make their choice. HelloSafe was founded in 2020 and is based in Montreal, Canada.

HelloSafe Canada

mtro mdia

clickinsurance

National Bank of Canada (TSX: NA) provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

National Bank of Canada

Ferst Capital Partners

Bank of Montreal

Sun Life Global Investments

Scotia Capital

CIBC Capital Partners

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors. 

Wealth Tech

Track startups and capture company information and workflow.

Financial Wellness

Fintech

Angel

Angel - II

Hardbacon provides a mobile application that connects users to bank and investment accounts to help them take control of their personal finances.

Wells Fargo Success Story

3M Success Story

Platform Overview

Hardbacon

Hardbacon’s Customers

Work for Hardbacon?

Compete with Hardbacon?

Work for Hardbacon?

Discover the right solution for your team