Afrimarket lands $11m for cash-to-goods remittances
Afrimarket, a cash-to-goods money transfer service focused on French-speaking Africa has raised €10m ($11m) from UK-based Global Innovation Fund and PROPARCO.
WeLab lands $25m credit facility for online loans
WeLab is proving that despite negative press and tough new regulations in the region, investors still see big potential in the space landing a $25m credit facility note from Dutch bank ING.
Payworks swipes $4.5m for payments processing
Payments processing firm Payworks has raised $4.5m in a Series A round of funding from Rumford and HW Capital. Existing backer Speedinvest also join the round.
Crypto Facilities takes $1.5m for digital asset trading
Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner Pamir Gelenbe.
Iatai swipes $5m for Latin American and Caribbean services
Iatai Enterprises, a FinTech and InsurTech company serving Latin America and the Caribbean, has raised $5m in a funding round. The capital comes from private equity fund CASEIF III LP.
iFunding pays out $150,000 to settle lawsuit
Real estate crowdfunding platform iFunding is paying $150,000 to settle a lawsuit brought against it by a shareholder.
MetLife joins R3 to explore Blockchain role in insurance
US insurance giant MetLife is joining the R3 blockchain consortium to explore what role the technology could play a role in its field.
Atom Bank plans to raise $131m in funding next year
Atom Bank, a UK-based challenger bank backed by Spanish finance giant BBVA, plans to raise ?100m ($131m) in the first quarter of 2017.
Finvasia takes funding for investment portal
Indian investment platform Finvasia has raised an undisclosed round of funding in its pre-launch phase. The investment comes from Indian VC Intrinsic and values the company at Rs150 crore ($22m).
TerraPay expands in Europe with Pay2Global acquisition
Mobile international payments network TerraPay is acquiring Pay2Global in a deal that will allow it to expand around European markets. The size of the deal is undisclosed.
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