Sector Updates

Latin American buy now, pay later (BNPL) company Addi has raised new equity funding of $75m, bringing the firm’s total 90-day funding to $140m.

Zero trust application protection company TrueFort closed a $30m Series B round of financing led by Shasta Ventures with the participation of Canaan, Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.

Real-time data security platform Borneo has raised $15.5m in its Series A round, which was led by Vulcan Capital.

Koyo has closed a Series A funding round of $50m in debt and equity led by Force Over Mass with participation from existing investors Forward Partners, Frontline Ventures and Seedcamp.

P2P lending startup Plend has collected £700,000 in pre-seed funding, which it hopes will disrupt the $24bn lending market.

A recent report by payment service provider Emerchantpay has discovered digital wallets will account for £11bn in online consumer spending by 2026.

Ledgy, an end-to-end equity management platform, has reportedly collected $10m in its Series A round, which will support its growth in new markets.

MNT-Halan, a banking platform based in Egypt, has collected $120m in a funding round to help its international growth.

Trade surveillance firm Eventus Systems has secured $30m from a Series B funding round led by Centana Growth Partners.

A recent report by cybersecurity company Kela has revealed findings on what the ideal victim looks like to the ransomware gangs of today.