Categories
startup funding

Funding News 11.9.22

Lending fintech Plend gets £40mn to unlock affordable credit – Affordable lending fintech Plend has raised £40mn in funding – including angel investment from the founders of UK fintech juggernauts Monzo and Starling Bank.

The London-based firm is on a mission to create an alternative to traditional credit that takes into account a consumer’s full credit picture. It was founded by New Zealander Rob Pasco, who was forced to rely on high-interest credit cards when he moved to London nearly a decade ago because, despite having a successful job, he was excluded from affordable credit by lenders who didn’t understand his circumstances.

Wichita’s fast-growing QuickHire has a new name — and millions more in funding – The Wichita-based technology company plans to launch in multiple new markets with help of latest funding round.

business plan template
Download our easy-to-use business plan template.

TOffeeAM banks £5 million – London-based TOffeeAM has raised £5 million in a series A round.

Founded in 2019 as a spin off from Imperial College London, TOffeeAM is marketing a low-emissions flavour of AI-powered 3D printing design software to fuel emission reductions at top engineering houses, like Boeing and Rolls-Royce.

New $2.2M funding round powers WorkTorch career platform expansion into KCK, KCMO – Less than a year after sisters Deborah Gladney and Angela Muhwezi-Hall became the first Black women in Kansas to raise $1 million in seed funding for their startup, their rebranded Wichita company announced another $2.2 million investment for its rapidly scaling service industry career platform.

The new influx of funding — led by Wichita-based Tenzing Capital and including local investors KCRise Fund, Mid America Angels and Women’s Capital Connection — is expected to help WorkTorch (formerly QuickHire) launch in select cities where the need for service industry employees is surging.

Monsoon CreditTech raises funds led by HDFC Capital – Fintech company, Monsoon CreditTech, has raised funds led by HDFC Capital. This fundraise also saw the participation of several existing and new investors including DMI Alternative Investment Fund – The Sparkle Fund, US based Top Shelf Equity Partners and prominent angel investors from across the globe including the likes of Vellayan Subbiah and Akash Bhanshali of the Enam Group.

Driffle Raises $3.4 Mn Seed Funding To Build Gaming Ecommerce Experience – Digital gaming marketplace startup Driffle has secured $3.4 Mn in its seed funding round led by BEENEXT. 

JAFCO Asia, Taurus Ventures, Better Capital and White Venture Capital and angel investors including Kunal Shah, Maninder Gulati, Amit Damani, Archana Priyadarshani, and Arun Venkatachalam, among others have also participated in this round.

Leave a Reply

Your email address will not be published. Required fields are marked *