Funding Rounds

Payall, a bank processor for cross-border payments and international money transfers, has closed a $10m seed round led by Andreessen Horowitz (a16z).

Insly, a no-code software platform for insurers, insurance brokers and Managing General Agents (MGAs), has raised ?1.1m in a bridge round.

Oportun Financial Corporation has closed a $150m senior secured term loan to drive its mission-driven FinTech and digital banking platform.

Axle Payments, a financial enablement platform for the freight and logistics industry, has rebranded to Denim. Alongside this, it closed its Series B on $126m.

Token management platform Magna has closed its seed funding round on $15.2m.

Turaco, a distributor, broker and key customer interface between underwriter and end consumer, has bagged $10m from a Series A round.

Ratio, a FinTech that combines payments, predictive pricing, financing and a quote-to-cash process into one platform, has raised $411m across venture funding and a credit facility.  

heyData, a German compliance startup, has secured €3.3m from a seed funding round headed by Ten VC. 

Diamond Standard, which offers the world’s only regulator-approved diamond commodities, has raised $30m in funding.

Verkada, a security and management platform, has raised $205m in its Series D, which values the company at $3.2bn.