New York-based Capchase, a foremost provider of financing solutions tailored for Software-as-a-Service (SaaS) companies, announced today a significant milestone in its 2021 initiative dedicated to supplying non-dilutive capital to women and minority-led startups.
Madrid-based InsurTech firm, Bdeo, known for its robust AI applications in the insurance and fleet industries, has successfully secured an additional funding of €7.5m.
Invary, a cybersecurity trailblazer centred on identifying concealed malware and stopping expensive ransomware attacks, has successfully amassed pre-seed funding to propel its ground-breaking solution.
Accounting
Sunrate clinches $56.1tn from Prosperity7 in series D-1 funding to bolster FinTech capabilities
Sunrate, described as an intelligent global payment and treasury management platform, has proudly announced securing a significant investment from Prosperity7 Ventures. The growth fund, operating under Aramco Ventures, took the lead in Sunrate's latest D-1 funding round.
Tibo, an innovative cybersecurity startup aiming to prevent data leaks when corporates use artificial intelligence (AI), has completed a successful Pre-A funding round. The latest funding round was led by Oak Seed Ventures, signalling strong investor confidence in Tibo's mission to safeguard sensitive corporate information in the AI era. Tibo develops tools that allow companies to protect their data while still...
Cyware, a leading entity in the AI-driven Cyber Fusion platforms and automated threat intelligence sharing realm, has secured £30m in a Series C funding round.
Hong Kong-based OneDegree Group, a leader in digital asset insurance and generative AI-enabled InsurTech solutions, has successfully garnered a significant amount of funding in their recent investment round.
Bitpanda, a European-based FinTech platform, has divided into two separate entities and has raised $33m in funding.
Key European AI FinTech investment stats in Q1 2023:
• European AI FinTech deal activity reached 36 transactions in Q1 2023, a 40% drop compared to the same period last year
• European AI FinTech companies raised a combined $184m during the opening quarter of 2023, down 53% YoY
• The UK was the most active country for AI FinTech investment with...
Industry Research
Huge 77% drop in South Korean FinTech deal activity drags East Asian investment down in Q1
Key East Asian FinTech investment stats in Q1 2023:
• East Asian FinTech deal activity reached 61 transactions in Q1 2023, a 54% drop from the same period last year
• Combined investment raised by East Asian FinTech companies in Q1 2023 reached $139m, a 90% drop YoY
• China surpassed South Korea as the most active FinTech country in East Asia...
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