Debt collector app Ophelos nabs £5m in seed funding
Ophelos, which leverages AI to improve the debt resolution process, has reportedly collected £5m in its seed round.
Klarna rival Zilch extends Series C to support growth in the US
UK-based buy now, pay later (BNPL) unicorn Zilch has raked in an additional $50m for its Series C round, bringing the round’s total to $160m.
India-based electric vehicle financing app Turno launches from stealth
Turno, which offers loans to buy electric vehicles, has launched out of stealth after closing a $3.1m funding round.
South African FinTech Yellow nets $20m in debt financing
South Africa-based Yellow, which offers energy financing products to low-income households in Africa, has reportedly collected $20m in debt funding.
Google joins $40m round of India-based Progcap
Google has reportedly joined the $40m Series C funding round of India-based SME lending business Progcap, which has tripled its valuation to $600m.
Indian lending platform Annapurna Finance scores Series A2 funding
Microfinance platform Annapurna Finance has reportedly raised $15m in a Series A2 round, to improve access to loans.
Playter is second B2B BNPL FinTech company to raise capital this week
B2B buy now pay later platform Playter has reportedly collected $55m in funding, which was mixed with debt and equity.
B2B buy now, pay later service Hokodo collects $40m
B2B buy now, pay later service provider Hokodo has picked up $40m in funding as it looks to expand into new European markets and build new products.
Ghana-based FinTech Fido raises Series A round
Ghana-based FinTech company Fido has reportedly raised $30m in a Series A round, as well as an undisclosed amount in debt funding.
Swedish BNPL giant Klarna faces colossal downround to $15bn valuation
Swedish buy now pay later (BNPL) unicorn Klarna is reportedly facing a hefty downround, which would put its valuation at a third of its previous.
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