Funding Platforms

London-based FinTech firm, FundMyPitch (FMP), a prominent platform that forges connections between investors and investment-ready businesses in need of capital for venture initiation, has made remarkable strides in its maiden trading year by raising close to £6m for entrepreneurs on its platform.

Specialist asset manager Anthemis’ Female Innovators Lab (FIL) has received additional investments from institutions including Visa and BMO, which sees the fund become the largest early-stage FinTech fund dedicated to companies founded by women.

Aviva has committed a further £150m to its corporate venture capital fund, Aviva Ventures, which will focus on investing in early-stage businesses in emerging technology and customer trends.

J.P. Morgan Growth Equity Partners (GEP) has closed its inaugural Growth Equity Fund, with over $1bn in aggregate capital commitments to invest in growth stage companies across software, FinTech, real estate and consumer technology.

TTV Capital, an early-stage FinTech venture capital firm, has closed its sixth fund at $250m to invest in early-stage FinTech companies.

A recent study by expense management solution TripActions has found SMEs could be losing up to ?25m in extra revenue due to a lack of technology.

Quona Capital, an emerging markets venture capital firm, has closed its Fund III at $332m, which it plans to use to fund financial inclusion in emerging markets.

Capchase, a provider of non-dilutive capital for recurring revenue businesses, has raised $80m in Series B funding.

Tink, European open banking platform, has partnered with money saving app Snoop to help UK customers save money on bills.

Amazon has revealed that its Amazon Catalytic Capital initiative will invest $150m in venture capital funds, accelerators and incubators that provide funding to entrepreneurs from underrepresented backgrounds.