To FinTech future, we know it can be easy to overlook funding announcements in this fast-paced industry. That’s why we’ve set up our weekly In Case You Missed It (ICYMI) Funding Roundup for you to get the latest funding news.
New London-based fintech, buy now, pay later (BNPL) Slice has secured £3.5 million ($4.25 million) in a pre-seed debt and equity cycle.
The equity investment was led by Flash Ventures and Global Founders Capital, while the credit facility was provided by Columbia Lake Partners.
Coming out of the underground, Tranch is a BNPL B2B payments company that helps software-as-a-service (SaaS) vendors and professional service providers offer their end-customers a way to pay big expenses without nibbling cash.
The platform uses open banking as well as credit risk modeling and offers larger lines of credit that can be repaid over longer periods.
The startup plans to expand to the United States and will join Y Combinator’s 2022 summer cohort this year.
The funds will be used to grow its team and “integrate more vendors across multiple verticals.”
Hong Kong-based fintech Quantitative feeding raised a undisclosed sum in a Series C funding round led by HSBC Asset Management.
Daiwa PI Partners joined the round alongside existing investors including Franklin Templeton and LUN Partners Group.
Quantifeed provides digital wealth management solutions to financial institutions in Asia and has a presence in Singapore, Australia, Japan and India.
The company says it will deploy the funds to strengthen its solutions for advisors, portfolio managers and end clients and hire new talent in the Asia-Pacific region.
Alex Ypsilanti, CEO and Co-Founder of Quantifeed, said, “Quantifeed’s mission is to help financial institutions become providers of Wealthcare, a client-centric wealth management service that makes investing easy, accessible and accessible to all.
UK based Crowd data systemsa SaaS B2B platform, pocketed 1 million euro in a seed round led by Triple Point Ventures, with participation from Portfolio Ventures and a number of angel investors.
The company plans to use the money to strengthen its sales, marketing and customer success teams to support its growth.
Crowd Data Systems’ platform delivers data-driven decisions to enable corporate treasurers who manage a company’s liquidity, funding, capital and financial resource allocation to work faster and more efficiently , in line with their overall business strategy.
It delivers its services through APIs and open banking and aims to “relieve the pressure on corporate treasury teams” by automating manual processes.
Crowd Data Systems claims to be the world’s “first” connected cloud service for corporate treasury and says it currently serves more than 90 companies in 32 countries.
Know Your Customer (KYC), Know Your Business (KYB) and Data Management Platform Chekk got a “several million dollarsroundtable led by HSBC Asset Management’s alternative business, HSBC Alternatives.
Chekk is a SaaS platform that aims to “remove the pain and cost” that emerges from interactions between businesses and their customers while enabling financial crime prevention, access to financial services and new business relationships.
“Our platform brings together data sources from around the world to power a modular ecosystem of capabilities and advanced channels,” said Pascal Nizri, co-founder and CEO of Chekk.
Chekk has offices in Hong Kong, Singapore and Paris.