Funding Platforms

Novel Capital, a FinTech company helping businesses accelerate growth, has exited stealth with $115m in initial equity and debt funding.

Saudi Arabia-based crowdfunding platform Funding Souq has raised $2.5m in its seed round, which was backed by a host of angel investors.

LiveMore Capital, a mortgage lender to the over-50s, has secured a £275m credit facility from NatWest.

PrimaryBid, the FinTech platform that provides retail investors with fair access to public markets, has closed a $190m Series C investment round.

Passthrough closed a $5m seed round, which the company said will help it provide fund workflow automation, simplifying fund closing.

UK FinTech GoCardless has secured its unicorn status after a $312m Series G pushed its valuation up to $2.1bn.

RareCircles, a platform for building non-fungible token (NFT) memberships, has raised $7.5m from a seed funding round led by Tiger Global.

FinTech companies continue to rake in eye-watering figures, with some of the biggest rounds coming from the cryptocurrency sector. The 37 companies to close investment rounds this week collected a total of $2.04bn.

B2B payments and financing platform Tribal has raised $60m from a Series B led by SoftBank Latin America Fund.

Low-code accounting platform LemonEdge has bagged $4m from a funding round led by Blackstone Innovation Investments.