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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

Geopagos, a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. The financing marks the company’s first ever institutional funding. Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services. […]

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TomoCredit raises $22M at a $222M valuation toward its goal of making credit scores ‘obsolete’

When Kristy Kim started TomoCredit in early 2019, she was on a mission to help international students more easily obtain credit. Three and a half years later, that mission has evolved. TomoCredit, which aims to help young adults who are in good financial health but have no credit score, is no longer just focused on […]

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Arrenda emerges with Adelanta, a financing offering for landlords in Latin America

Arrenda, a Mexico City-based fintech company, is offering digital financial services to the real estate market of Latin America and closed on $26.5 million in a pre-seed round of equity and debt. The funding round was a mix of $1.5 million in equity and $25 million in debt financing. Fasanara Capital led the investment and […]

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Richard Branson backs Lightyear as UK stock trading platform launches into Europe

Lightyear, a U.K. fintech startup that promises consumers commission-free trading on U.S. and European stocks, is officially extending into Europe from today. To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Series A round […]

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Klarna confirms $800M raise as valuation drops 85% to $6.7B

European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “buy now, pay later” service provider, was seeking to raise new funds. Initial reports suggested this valuation would be in the […]

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Kadmos, a network for migrant workers’ salary payments, raises $29.5 million.

Companies from across the industrial spectrum often rely on a migrant workforce, with data from the International Labour Organization indicating that some 169 million workers travel abroad for employment. But being away from their domestic jurisdiction and financial infrastructure presents a host of challenges, including what is probably the most important part for the worker […]

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Finli puts service-based business payment management in the palm of your hand

If your service-based business is still collecting paper checks and only knows clients by their first name, Finli has an app for you. After building mobile technology for fintechs and payment companies for the past 20 years, Lori Shao, CEO of Finli, started the mobile-first payment management company nearly 3 years ago when she noticed […]

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Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’

In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the company was valued in June of 2021. The Wall Street Journal reported today, citing anonymous sources, that Klarna […]

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Google backs Progcap, a startup delivering working capital to small retailers in India

Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. The investment is part of a $40 million fresh funding Progcap has raised, it said. […]

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