HR/Payroll

Buy now pay later companies continued their winning streak last week as 25 FinTechs raised big rounds.

France-based FinTech Pennylane has reportedly netted $18.4m in funding to support the development of its bookkeeping tools.

Syndio, which aims to empower employers to eradicate unlawful pay disparities due to gender, race, and ethnicity, has collected $17.1m in its Series B.

Expense management platform Divvy has closed a $165m Series D round at a valuation of $1.6bn.

SaaS payroll and human capital management software developer Paycor has collected $270m in a new round to seek new opportunities.

Navisteps, an expense and travel management platform, has bagged $1m in its pre-seed funding round to support growth into new markets in Asia.

FinTech startup Object Astra has leveraged the Covid-19 crisis by launching a new sweat equity platform that can tap into the skills from professionals furloughed due to the pandemic.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

HR platform Hibob secures $70m in its Series B funding round, which was led by SEEL and Israel Growth Partners.

Global payroll solution developer Immedis collects $50m in a strategic investment, which puts its valuation at $575m.