Vogogo, a payment processing, risk management and compliance company with a focus on cryptocurrency, has secured $12.5m worth of funding in a Series B round led by Beacon Securities, Clarus Securities and Salmon Partners.
The investment will be used to fund Vogogo’s global expansion as its total funding increased to $21m.
The California-based firm specialises in providing payment services that allow bitcoin firms to establish financial relationships with traditional lenders, particularly in the United States, Canada, Asia and locations across Europe. Vogogo’s CEO Geoff Gordon commented on the investment:
‘‘These are exciting times for Vogogo. This latest financing enables us to further accelerate the global roll out of our platform.’’
‘‘The crypto industry is evolving incredibly quickly and Vogogo has developed sophisticated solutions that solve some of the largest problems crypto businesses are facing when looking to grow in global markets.’’
‘‘The appetite we’re experiencing in the market for what our platform is able to deliver is immense and we’re committed to servicing every one of the opportunities out there,’’ continued Gordon.
Metromile has just landed nearly $200m in Series D funding for its auto insurance payments platform.
London fintech startup Curve has picked up another $3m in funding to replace all the different payment cards in your wallet with just one.
Signifyd, the company that provides fraud protection for e-commerce businesses, has raised $19m in a funding round with investors including American Express Ventures, Menlo Ventures and Triple Point Capital.
Fintech will be a key focus for Spotify and iZettle-backer Northzone as it announces a brand new €300m venture capital fund to invest in early-stage European startups.