No products in the cart.
- Latest
- Trending
ADVERTISEMENT
and fintech futureswe know that in this fast-paced industry, it can be easy to miss a funding announcement. If you miss it (ICYMI) A fundraising roundup to get the latest fundraising news.
Atoa Raises $2.2 Million
Paytech in the UK Atoa announced $2.2 million pre-seed funding round, led by Leo Capital and Passion Capital. Also included were angel investors such as Matt Robinson (co-founder of GoCardless and Nested) and Moon Capital Ventures.
There are over 4 million SMEs in the UK that have no viable alternative to debit card payments and rely on Mastercard or Visa payment rails, says the startup.
Atoa is keen to “challenge the status quo”, cut payment fees by 70% (compared to SumUp, Zettle or Square’s card machine fees) and “offer a new approach to making payments” is.
Businesses can download the Atoa app to connect merchant bank accounts. The company says it takes him less than five minutes to set it up. The merchant can then accept payments via his SMS, Pay-by Link, or QR code.
Customers don’t need to download a separate app to make payments. She scans the merchant’s QR code or clicks a link sent by the merchant to select her bank and is redirected to her existing mobile bank app to authorize the payment. Merchants receive their funds instantly (no need to wait a day or two as they do with regular card machines or debit cards).
Fintech says using Atoa includes contracts (pay-as-you-go), hardware fees, and the risk of chargeback fraud (all payments are authorized via banking apps and have strong customer authentication). not
Atoa was co-founded by Sid Narayanan, Cian O’Dowd, and Arun Rajkumar. These three previously founded Singapore KlearCard (acquired by Validus last year).
The co-founders are now based in the UK, and over time they say their ambition is to “become a mainstream SME-friendly payment method that replaces payment cards”.
Djamo Raises $14 Million
jamoa private financial management (PFM) company in Cte d’Ivoire, $14 million in equity funding Round co-led by Enza Capital, Oikocredit and Partech Africa.
Janngo Capital, P1ventures, Axian and Launch Africa also participated in the round.
The funds will be used to expand Djamo across Francophone Africa.
The start-up was co-founded in 2019 by Rgis Bamba and Hassan Bourgi. We offer money wallets and Visa debit cards (issued by his BGFIBank in Cote d’Ivoire). Earlier this year, he added three new services: virtual accounts, automatic savings, and payroll services.
Flourish FI Raises $2.3 Million
based in california Flourish FIis an engagement and financial wellness platform for financial institutions. $2.3 million in funding round Led by Magma Partners.
Canary, Lightspeed Venture Partners Scout Fund, ERA Remarkable Ventures and Kadmotek Venture also participated in the round, along with impact investors Amplifica Capital and Potencia Ventures.
Founded in 2018, Flourish says it’s on a mission to help people establish positive money habits. It already has 10 banking and financial institution customers in the US, Brazil and Bolivia.
The new funding will help the startup grow its presence in Latin America.
We also plan to expand our team, which currently consists of 20 people.
Hardbacon Raises $819,000
hard baconis a Montreal-based personal finance app used by over 40,000 Canadians, $819,000 Fundraising via the FrontFundr Equity crowdfunding portal.
This brings the startup’s total funding since its inception to over $3.3 million.
Hardbacon CEO Julien Brault said: Our website has reached 250,000 unique visitors, and this is just the beginning. We have never been so ready to reach the next stage of growth. “
Fintech is on a mission to be the go-to tool for personal finances, whether it be budgeting, planning, investment tracking or comparing financial instruments.
Nine25 in $2.55 million capital raise
based in sydney Nine 25Billing itself as the markets first payroll streaming and budgeting platform, has started raising capital in Equitise. $2.55 million pay raise.
Unlike other budgeting platforms that claim to create dashboards and reports to create budgets, Nine25 actually budgets users by actively allocating funds to invoices using approvals. This kind of software-as-a-software (SaaS) platform. Take advantage of employment and banking data, the startup claims.
Nine25 allows users to manage their bills, spend and grow wealth in a fixed-price subscription model. It’s the first time in the market that we’ve been paying.
Users are not charged interest or late fees and have predictable cost access to the platform, including real-time payroll.
Nine25 is the brainchild of entrepreneur Leigh Dunsford, who co-founded accounting software platform Waddle, which was acquired by Xero in 2020.
