SaaScada has been chosen by ARIE Finance to support its international payments service for mid-sized B2B businesses. SaaScada, a cloud-native core banking provider, will enable ARIE Finance to simplify cross-border transactions, particularly in Africa, where the company seeks to become the first B2B firm with a PSP licence in Mauritius. ARIE Finance’s banking platform is designed to offer
Zeta, a next-generation banking technology provider serving financial institutions worldwide, has secured a $50m strategic investment. The latest funding values the company at $2bn, marking a 1.7x increase from its previous $1.15bn pre-money valuation. The funding was contributed by a strategic investor, though their identity has not been disclosed. This follows Zeta’s previous $250m raise
Semgrep, an application security platform, has successfully secured a substantial $100m in its Series D funding round. The round was spearheaded by Menlo Ventures, with significant contributions from existing stakeholders including Felicis Ventures, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures, and Sequoia Capital. This latest injection of capital brings the total funds raised by the
According to IBS Intelligence, this financial boost was spearheaded by KRAFTON, a Korean digital entertainment leader, alongside continued backing from existing investor Apis Growth Fund II, a private equity fund managed by Apis Partners Group (UK) Limited (Apis Partners). The newly acquired funds are set to enhance Cashfree’s payment solutions and expand its market presence.
Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland. This partnership introduces an additional €10m capacity, split equally between D&O and FI lines, bolstering Alta Signa’s existing Lloyd’s-backed panel. The
Korean FinTech company Allra FinTech, which operates the early payment service “Allra,” has raised $9.1m in its Series B funding round. The investment was led by KB Kookmin Card, which contributed $6.8m, making it Allra FinTech’s second-largest shareholder, according to a report from WowTale. Singapore-based Altara Ventures and Vietnam-based Do Ventures jointly invested $2.3m in
CapeZero, a software platform aimed at simplifying financial workflows for clean energy developers, has secured $2.6m in a seed funding round. The investment was led by Powerhouse Ventures, with participation from Climactic, Avesta Fund, Virta Ventures, and Stepchange. The funding will enable CapeZero to accelerate the development and expansion of its platform, which aims to
Spikerz, a cybersecurity company focused on protecting businesses and individuals from social media threats, has raised $7m in funding. The investment round was led by Disruptive AI, with contributions from Horizon Capital, Wix Ventures, Storytime Capital, and BDMI, according to a report from New York Tech. The company provides an AI-driven security platform designed to
VeriPark, a global leader in omnichannel customer experience solutions for financial services, has partnered with a coalition of leading Canadian credit unions and financial institutions, including First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union, Together, the coalition aims to drive innovation, enhance member experiences, and empower institutions in
Archive Intel, a leader in AI-powered compliance archiving solutions, has secured an additional $1.5m in funding to accelerate its growth. The funding round was led by Garuda Ventures, a San Francisco-based investment firm focused on early-stage companies, with participation from existing investor Social Leverage. Archive Intel offers a cutting-edge compliance platform designed to help financial
Validis, a leader in financial data collection and standardisation, has received strategic investments from Citi and Barclays. The funding aims to enhance Validis’ platform, which focuses on automating and standardising data processes across business lending, including corporate, commercial, and working capital finance. Validis provides technology that automates financial monitoring and delivers underwriting-ready data quickly. This
This marks a significant milestone as Bloom becomes the first app in Canada to integrate artificial intelligence to provide users with a holistic view of their financial landscape. Designed for everyday Canadians, the app simplifies banking, spending, and budgeting by offering real-time financial insights at users’ fingertips. Bloom’s core feature is Oscar AI, an intelligent
