Payments

Singapore Paymentech Nium Completes Series D Round Led By Riverwood Capital To Enter The Unicorn Club

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Nium, a Singapore based cross-border payment technology platform, has secured $200 million in Series D funding round led by Riverwood Capital, valuing the startup at more than $1 billion and bringing the total amount of funds raised to $300 million since inception. The round also witnessed participation from existing investors Temasek, Visa, Vertex Growth, Atinum Capital, Beacon Venture Capital and Rocket Internet.

Founded in 2015 by Michael Bermingham and Prajit Nanu, Nium is a global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

Danish Fintech Pleo Raises $150M And Achieves Unicorn Status

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Copenhagen based fintech startup Pleo raised $150 million in a Series C funding round led by Bain Capital Ventures and Thrive Capital. The funding round also witnessed participation from existing investors Creandum, Kinnevik, Founders, Stripes and Seedcamp. The round valued Pleo at ~$1.7 billion making it the latest entrant in the fintech unicorn club and bringing the total amount of funding raised by the startup to over $228 million. The funding will be used to grow its customer base from its current 17,000 to one million by 2025.

Founded in 2015 by Jeppe Rindom and Niccolo Perra, Pleo offers smart payment cards for employees to buy work-related products while keeping the company in control of spending.

PaymentTech Mollie Raises $800M In Series C Funding Round Led By Blackstone

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Amsterdam based payment service provider Mollie raised US$800 million in a Series C funding round led by Blackston at a valuation of ~US$6.5 billion. This funding round brings the total amount raised by the company to over US$940 million. The investment was led by Blackstone Growth and also witnessed participation from EQT Growth, General Atlantic, HMI Capital and Alkeon Capital.

Founded in 2004 by Adriaan Mol, Mollie is a payments platform that offers an easy-to-implement process for integrating payments into a site or app, and serves more than 120,000 monthly active merchants of all sizes across Europe.

Brazilian Fintech EBANX Raises $430M Led By Advent International

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EBANX, a cross-border commerce platform that connects global merchants with local consumers in Latin America, raised a $430M funding round from Advent International. The funding round included $400 million from Advent and an additional commitment of $30 million as the company prepares for a US IPO. Other investors in the startup include FTV Capital and Endeavor Catalyst. The funding will be used to continue EBANX’s growth and hire its talent base.

Founded in 2012 by Alphonse Voigt, João Del Valle and Wagner Ruiz, EBANX is an integrated international financial services company offering an end-to-end payment solution across the entire e-commerce transaction flow. It also helps international business to grow faster in Latin America offering a local payments experience for customers.

BNPL Giant Klarna Raises $639M Funding Round Led By SoftBank

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Swedish fintech giant Klarna has raised $639 million in a funding round led by SoftBank’s Vision Fund 2, valuing the startup at ~45.6 billion. The round also witnessed participation from existing investors Adit Ventures, Honeycomb Ventures, WestCap Group and Raison Asset Management. The company intends to use the funds for international expansion and global retail growth. This round brings the total funding raised by the Buy-Now, Pay-Later (BNPL) startup to over $3.7 billion.

Founded in 2005 by Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson, Klarna enables consumers to shop, pay and bank via smart tools including a consumer shopping app, used by consumers and retailers globally.

Chipper Cash Raises $100M in Series C Funding Round To Enter The Unicorn Club

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African payments startup Chipper Cash raised $100 million in a Series C funding round led by SVB Capital – the investment arm of the US based Silicon Valley Bank, and became the sixth African unicorn joining the likes of Flutterwave and Interswitch. Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital and Brue2 Ventures also participated in the current funding round.

Founded in 2017 by Ham Serunjogi and Maijid Moujaled, Chipper Cash provides free, interoperable payments across Africa including Ghana, Kenya, Uganda, Tanzania, South Africa, Rwanda, and Nigeria.

Crypto Startup Circle Raises $440M

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Boston based payments startup Circle has raised $440 million in a funding round from leading institutional and strategic investors, bringing the total amount of funds raised to over $700 million. The latest investment round witnessed participation from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, and Michael J. Price and Friends. 

Founded in 2013 by Jeremy Allaire and Sean Neville, Circle enables businesses to leverage stablecoins and public blockchains for payments, commerce and financial applications worldwide. The funding will accelerate growth of the company and enable market expansion opportunities. 

UK Fintech Paysend Raises $125M in Series B Funding Led By One Peak Partners

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London based Paysend has raised GBP 88 million (USD 125 million) in a Series B funding round led by the specalist private equiry firm One Peak Partners. The round also witnessed participation from Hermes GPE and Infravia Growth Capital, along with existing investors including Silicon Valley based Plug and Play. The funding round brings the total amount of funds raised by the paymentech startup to over $150 million.

Founded in 2017 by Ronald Millar and Abdul Abdulkerimov, Paysend is an integrated global payments platform that enables consumers and businesses to send and receive money worldwide in any currency. The current funding will enable Paysend to accelerate its growth plans, scale up the payments platform and expand its geogrpahic footprint.

Subscription Platform ReCharge Secures $277M Funding

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Santa Monica based ReCharge, a provider of subscription management software for e-commerce applications, raised $277 million in funding from Bain Capital Ventures, Summit Partners and ICONIQ Growth at a valuation of $2.1 billion, bringing the total amount of funds raised to $277 million.

Founded in 2014 by Michael Flynn and Oisin O’Connor, Recharge helps e-commerce brands to grow by allowing them to easily add subscription offerings to their business, thereby converting one-time transactions into repeat customers. The starup will use the funding for product development and to grow its various go-to-market initiatives.

India Based Paymentech Razorpay Raises $160M At $3B Valuation

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Indian paymentech Razorpay secured US$160 million in Series E funding round at a valuation of $3 billion, which is 3x of its previous valuation. The funding round was led by GIC, Sequoia Capital India, Ribbit Capital and Matrix Partners.

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is a platform that enables businesses to accept, process, and disburse payments with its product suite.

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