Fundraising | FinTelegram News

Category: Fundraising

November 22, 2024

Investor Briefing: Amazon’s Strategic Investment in Anthropic: A $4 Billion Boost to AI Ambitions!

Amazon has announced an additional $4 billion investment in artificial intelligence startup Anthropic, bringing its total investment to $8 billion. This move significantly strengthens Amazon's position in the rapidly evolving AI sector and highlights the company's commitment to advancing its AI capabilities. Anthropic's Claude competes with OpenAI's ChatGPT and Google's Gemini.

October 5, 2024

OpenAI Closes $6.6 Billion Funding at $157 Billion Valuation, Nearly Doubling its Valuation!

The AI pioneer OpenAI under Sam Altman closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. OpenAI’s $157 billion valuation underscores its AI dominance, yet losses loom large. Will Thrive Capital, Microsoft, and Nvidia’s backing help steer the ship through the challenges ahead? Stay tuned for more.

May 8, 2024

Go West: Monzo Ramps Up Funding to $610 Million Amid Plans for U.S. Expansion and Pensions Launch

Monzo, the UK-based neobank and major Revolut competitor, has substantially increased its funding to $610 million this year, following a recent investment round that drew an additional $190 million from notable investors such as Hedosophia, CapitalG (Alphabet’s growth fund), and the Singaporean Sovereign Wealth Fund GIC. This significant boost in funding has propelled the company's valuation to approximately $5.2 billion.

April 30, 2024

Monzo Nears Completion of £500 Million Funding Round with Strategic Partnerships

Monzo, one of the fintech pioneers in the UK's digital banking sector, is on the brink of finalizing a significant funding initiative, securing £500 million through a strategic collaboration with technology investor Hedosophia. Sky News reported that Monzo has agreed terms with Hedosophia, an early backer of Airbnb and Uber, to become a bank shareholder. Another investor in this round is the Singapore Government Investment Corporation.

February 7, 2024

Crypto Payment Processor Oobit Secures Fresh Funds From Tether and Solana!

Stablecoin issuer Tether, the largest company in the crypto industry, has announced its investment in Singapore-based crypto payment processor Oobit, a mobile payment application. The Series A funding round has concluded with $25 million raised for Oobit's ongoing development, supporting its goal of mainstream cryptocurrency adoption. This aligns with Tether's vision of a financially inclusive world.

December 22, 2023

MENA FinTech Tabby Secured $700 Million Asset-Backed Debt Facility From JP Morgan!

Tabby, a leading MENA fintech specializing in Buy Now, Pay Later (BNPL) services, has secured a substantial $700 million debt facility from JP Morgan, a move strategically aligned with its Initial Public Offering (IPO) plans. This deal represents the largest asset-backed facility a fintech firm in the Middle East and North Africa (MENA) region has ever received. Tabby raised a $250 million Series D equity round a month ago.

December 11, 2023

FinTech Re-Awakening: British SumUp Secured €285 Funding For Its Expansion!

London-based fintech SumUp (website), a rising star in the payments industry, has recently secured a significant financial boost. The company successfully raised €285 million in a round led by Sixth Street Growth and Bain Capital Tech Opportunities. This funding round not only injects fresh capital into SumUp but also elevates its valuation above the €8 billion mark achieved in the summer of 2022. It seems as if the fintech hype is back again!

September 1, 2023

Remarkable: Leading FinTech Investor Valares Invests In German Open Banking Startup Ivy!

Berlin's PayTech Ivy, renowned for its innovative API, has announced its successful raise of $20 million in Series A funding at a $80-$90 million valuation. The funding was helmed by Peter Thiel's Valar Ventures round on LinkedIn. This new funding round came just five weeks after Ivy closed its seed financing round of $7.7 million, which saw investments from venture firm Creandum and prominent investors, including N26's founder, Maximilian Tayenthal.

September 25, 2022

FTX Crypto Congloremat Plans To Raise $1 Billion For Bear Market Acquisitions!

According to a CNBC report, Sam Bankman-Fried’s crypto conglomerate FTX talking to investors to raise up to $1 billion in new funding at a valuation..

June 26, 2022

Losing Value! London-based PayTech SumUp Raises $624 Million At $8.5 Billion Valuation!

Despite recession fears and the FinTech cool-off, the 10-year-old London-based PayTech SumUp (website) has secured $624 million in new funding round at an $8.5B valuation, a significant drop from its $22B valuation earlier this year. However, it is still an impressive transaction in times of cautious VC investors bringing the company's total financing volume to $1.6B. SumUp serves more than 4 million merchants in 35 markets worldwide. Marc-Alexander Christ and his friends founded the PayTech in 2012.

June 6, 2022

No FinTech Crisis? German Online Broker Unicorn Trade Republic Secures €250 Million!

Amid the global downturn of the FinTech segment, the Berlin-based online broker unicorn Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion, PayCom42 reported. The round was led by Ontario Teachers', one of the world's largest pension funds and institutional investors, along with the participation of existing investors. Just a year ago Trade Republic raised $900 million in a Sequoia-led round. The German FinTech was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.