Friday, November 22, 2024
8.6 C
New York

ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt

Authologic Raises $8.2 Million in Series A

  • Location: Poland
  • Funding: $8.2 million Series A
  • Led by: OpenOcean, with support from YCombinator, Peak Capital, and SMOK VC
  • Founded: 2020
  • Services: Digital identity verification, KYC, and AML solutions to reduce document-based verification for global businesses
  • Expansion Plans: Will use funds to grow international presence, with offices in Warsaw, San Francisco, and London

2. Klasha Secures Additional $2 Million

  • Locations: San Francisco and Lagos
  • Funding: $2 million
  • Backers: Alumni Ventures, Breega, My Asia VC, Expert Dojo, Practical VC, Resilience17, and Magic Fund
  • Founded: 2021
  • Services: Cross-border B2B payments between Asia and Africa, payout APIs, virtual multi-currency accounts, and wire services
  • Expansion: Plans to enter the Asian market, with a new office in Hangzhou, China

3. CardFlight Receives Minority Investment from WestView Capital Partners

  • Location: New York
  • Funding: Undisclosed minority investment
  • Founded: 2013
  • Services: SaaS POS solutions, with SwipeSimple as the flagship product
  • Client Base: Supports over 125,000 small businesses across the US
  • Goals: To enhance software services, expand payment solutions, and increase US small business and merchant partnerships

4. Salt Launches Second Funding Round

  • Location: UK
  • Founded: 2021
  • Services: Marine financing brokerage, loans from £100,000 with flexible options; planning Boat Financing App offering loans up to £250,000 with 24-hour approval
  • Milestones: Received FCA regulatory approval in May and appointed Rob Cottingham as CRO

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img