In a significant boost for the insurance technology sector, Akur8, a Paris-based company specializing in machine learning-driven insurance pricing and reserving solutions, has successfully raised $120 million in its Series C funding round. This new investment elevates the total funding raised by Akur8 to an impressive $180 million. The latest funding round was spearheaded by…
Illuma Labs, a pioneering force in voice authentication technology for banking institutions, has successfully closed a $9 million Series A funding round. The investment, led by LiveOak Ventures and supported by Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU, will drive the company’s efforts to develop cutting-edge solutions to tackle fraud, voice…
Cognitive Credit, a pioneer in data and analytics for corporate credit markets, has successfully closed a $10 million Series B funding round in the second quarter of 2024. This latest investment was spearheaded by ETFS Capital with continued support from existing investor XTX Ventures. The infusion of capital will enable Cognitive Credit to expand its…
Fintech startup Palm has announced a successful Seed funding round, raising $6.1 million to enhance enterprise cash management. This innovative platform aims to transform the way treasury teams manage cash flow across multiple bank accounts and subsidiaries globally. Palm’s solution delivers a comprehensive overview of both historical and projected cash flows, serving as a central…
Approveit, a dynamic operations and automation platform for businesses, has successfully raised $1 million in its latest funding round. The investment was led by 10vc, Verras Capital, and Telegraph Hills Capital, among other prominent partners and angel investors. The company’s platform integrates seamlessly with existing business systems to streamline financial processes, auditing, and reporting, aiming…
Comun, a trailblazing neobank dedicated to serving the immigrant community in the U.S., has secured a substantial $21.5 million in its Series A funding round. The investment, spearheaded by Redpoint Ventures, includes participation from notable investors such as ANIMO Ventures, Costanoa Ventures, FJ Labs, RTP Global, and South Park Commons. This funding comes on the…
Linker Finance, an innovative platform designed to enhance digital banking experiences for community banks, has successfully closed a $3.7 million seed funding round. The investment round was led by Ten One Ten Ventures and Chingona Ventures, with additional support from Audaz Capital, Techstars, Commerce Ventures, Bank of Brodhead, and Angeles Investors. Angel investors including Edrizio…
Echelon, a pioneering decentralized lending protocol, has announced a successful $3.5 million seed funding round aimed at revolutionizing decentralized finance (DeFi) lending on Move-based blockchains. The investment round was led by Amber Group and included contributions from key players such as Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. Echelon is poised to…
Sling Money, an innovative fintech company specializing in crypto-enabled money transfers, has successfully completed a €13.6 million ($15 million) Series A funding round. This significant investment was spearheaded by leading venture capital firms Union Square Ventures, Ribbit Capital, and Slow Ventures. The funding will be instrumental in advancing Sling Money’s mission to make international money…
Chaos Labs, a pioneering force in onchain economic security, has announced a robust $55 million Series A funding round, led by Haun Ventures. This landmark investment, which marks Haun Ventures’ inaugural Series A deal under General Partner Diogo Mónica, promises to significantly enhance the company’s risk management capabilities within the decentralized finance (DeFi) sector. The…
