Thursday, November 7, 2024
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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

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