Budget Insight Raises $35 Million in Funding From PSG Equity

The management team and Crédit Mutuel Arkéa will remain shareholders alongside PSG Equity. A clear ambition: to emerge as Europe’s leader in Open Finance, a sector currently consolidating around a handful of big players. An ambitious business development strategy driven by inorganic growth and a sustained investment plan. Budget Insight plans to hire 50 people this year. Budget Insight, the leading aggregator of banking and financial data in France and a pioneer of Open Finance1 in...

Tea Raises $8Mn Led by Binance Labs to create blockchain software

Tea, a new company building an open source software platform on the blockchain, today announced an $8 million seed funding round led by Binance Labs, the venture capital and innovation incubator of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider. Open source has been foundational for the Internet, underpinning everything online for more than twenty-five years. Tea Co-Founder and CEO Max Howell created the open-source software package management system Homebrew, also known as...

Prelim announces new funding through an affiliate of EJF Capital LLC

Prelim, a leading fintech provider of optimized digital banking experiences for financial institutions, announced new funding through an affiliate of EJF Capital LLC (“EJF”), a global institutional alternative asset management firm. The transaction represents one of the first early-stage financial technology investments by EJF and is aimed to substantially support Prelim on the next stage of its growth journey. The investment is consistent with EJF’s focus on supporting early-stage fintech innovators that are working to improve...

Accelerant Announces Growth Funding Round in Excess of $190M

Accelerant, the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, today announced it has raised in excess of $190 million at a $2 billion pre-money valuation led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated in the round. Accelerant will deploy the capital to continue to rebuild the way that underwriters share and exchange risk to improve outcomes for program...

Simpl Announces 40M in Series B Funding

Simpl, a cardless payment network with embedded 1-Tap Checkout, Buy Now Pay Later and Buyer Protection, has raised a $40M Series B round led by Valar Ventures & IA Ventures with participation from LFH Ventures and other internal investors. This investment brings the total capital raised by the company to $83M. With Simpl, online merchants provide consumers an easy, safe and intuitive way to buy. Its flagship product,1-tap Pay Later, enables consumers to buy with a tap and...

Mathpresso Secures Strategic Investment from Google

Today, Seoul-based edtech startup Mathpresso announced that it has received an investment from Google. Mathpresso operates its flagship app ‘QANDA’, an AI-powered mobile learning platform for K-12 students. By recognizing text and mathematical formulas in a photo with optical character recognition (OCR) technology, QANDA provides detailed solutions and personalized learning content catered to each user’s level. Since its launch, the app has accumulated over 45 million registered users and 3 billion education data. With the goal...

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