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A weekly fintech roundup to get the latest funding news from around the world. Powered by Kippa, KolayBi, Neem, Payall and Trek Health.
Kippa Earns $8.4 Million
Nigerian financial management and payment platform for small businesses, Kippalanded $8.4 million In a new funding round.
Participating in the round were Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners and Vibe Capital.
Founded in June 2021, Kippa provides digital business and financial management solutions that enable small and medium-sized businesses in Africa to grow. A business owner can build his business, open a bank account, send and receive payments, build his online girlfriend store, and manage his finances all in one platform.
Kippa has been licensed by the Central Bank of Nigeria since raising $3.2 million in pre-seed funding in November 2021 and has over 500,000 merchants in its network with $3 billion in annual transaction volume. is exceeded.
Cloud-based online accounting and finance software developer Koraibi secured $1.15 million TechOne VC and leading Turkish venture capital funds participated in the new funding round.
In line with our growth strategy, we plan to use the funds to develop new products to serve 100,000 customers by 2023.
Gokhan Boyana, CEO of KolayBi, said: In line with this goal, we will provide KolayBi SaaS to foreign SMEs.
Founded in 2017 and based in Turkey, KolayBi facilitates the financial and accounting processes of small and medium-sized enterprises (SMEs), enabling them to track their financial data from a single platform – a time-saving and cost-effective solution. We provide a “high” solution.
Once customers correctly enter their income, expenses, and costs into KolayBi’s system, they can track their profits, losses, and instant cash flow, the company says.
Additionally, the company also plans to integrate Banking as a Service (BaaS) with all Turkish banks, allowing KolayBi users to have unique account numbers and ATM cards.
Embedded financial platform in Pakistan Nimes Raised $2.5 million in a seed funding round.
Neem Raises $2.5 Million Seed
Investors include SparkLabs Fintech, Arif Habib Ltd, Cordoba Logistics and Ventures, Taarah Ventures, My Asia VC, Concept Vines, Building Capital, Outrun Ventures and other angels.
The funding will enable Neem’s embedded financial platform to bring economic health to Pakistan’s underbanked communities for both individuals and businesses.
At the core of our model is embedding Neem into the various value chains of diverse communities. Our B2B2C platform leverages deep trust and relationships with existing platforms, says Neem. Co-Founder Naeem Zamindar said.
We will expand these platforms by providing highly accessible, low acquisition cost financial services to our end customers.
Founded in 2019 by fintech entrepreneurs Nadeem Sheikh, Vladimira Briestenska and Naeem Zamindar, Neem provides financial products to communities across sectors such as agriculture, SMEs, e-commerce, fintech, logistics and healthcare. and services are included.
Payaris the first ever bank processor for cross-border payments and international transfers, $10 million Seed round led by a16z.
Other participants in the round are PS27 Ventures and Bridgeport Partners, which received SAFE conversions from RRE Ventures and Transcard, as well as lead seed round investor Motivate VC. Several angel investors also participated.
Founded in 2018 and based in Miami, USA, Payall claims to be the world’s first bank processor for cross-border payments. Its software enables regulated financial institutions around the world to make cross-border payments quickly and securely.
It also automates compliance and processes to protect financial institutions and their customers, enabling transparency to foreign payer KYC, sanctions checks, documentation of commercial activity, and new artifacts to prevent fraud. increase.
Payall intends to use this funding to accelerate product features, expansion and revenue growth.
trek healthis a payment and insurance workflow automation platform for mental health provider groups. $2.7 million Seed round led by Lionheart Ventures.
Individuals and institutional investors participating in the round include Founders Collective, Jack and Max Altman of Altman Capital, Matt Brezina of Ford Street Ventures, Snapdox CEO Aaron King, Okta CEO Frederick Kerest, former Salesforce Chief Strategy Officer. Clarence Thor, former One Medical VP. Such as Operations Rich Menendez.
Founded in 2021 and headquartered in San Mateo, Calif., Trek Health’s platform offers solutions for mental health providers, including instant claims reimbursement, automated claims generation and submission, and payer registration across more than 900 insurance networks To do.
Dilpreet Sahota, CEO and Founder of Trek Health, said:
We are starting with mental health and plan to expand into other healthcare areas over time.
