- Nearpay’s Series A Funding:
- Saudi fintech Nearpay secures $14 million in Series A funding.
- Sanabil Investments leads the funding round, with participation from stc’s Corporate Investment Fund, Vision Ventures, Hala Ventures, and Arzan Ventures.
- Nearpay, founded in 2020, focuses on payments infrastructure, offering self-built solutions for POS and SoftPOS technology.
- The funds will fuel global expansion and enhance technological capabilities.
- Hyperplane Emerges with $6 Million:
- US fintech Hyperplane reveals $6 million in funding led by former Stripe executive Lachy Groom.
- SV Angel, Clocktower Technology Ventures, Liquid2 Ventures, and others also contribute to the funding round.
- Hyperplane, founded in 2022, operates from San Francisco, providing a platform for personalized customer experiences using first-party data.
- Currently working with banks in Brazil, Hyperplane aims to expand its services in the US.
- Pave Bank’s Stealth Entry with $5.2 Million:
- Singapore-based Pave Bank comes out of stealth with a digital banking license from Georgia and $5.2 million in seed funding.
- 468 Capital leads the funding round, with support from Quona Capital, FT Partners, and others.
- Pave Bank positions itself as the world’s first fully regulated commercial bank, offering business banking products and multi-asset services.
- Founded by former executives from BigPay, Monzo, and VP Bank, Pave Bank plans global infrastructure development.
- Supra’s Strategic Funding Round:
- Colombian fintech Supra secures an undisclosed sum in a strategic funding round led by Citi, with participation from Far Out Ventures and H20 Capital.
- Founded in the current year, Supra facilitates cross-border payments for small and medium-sized businesses involved in import and export.
- The funding will drive the growth of Supra’s Colombian operations and solidify its role as a payment aggregator in collaboration with Foreign Exchange Market Intermediaries and licensed payment service providers.
