Remitly wins $12.5m in Series B round
Online remittance provider Remitly has closed a $12.5 million Series B funding round as it makes plans to move into new markets.
Online remittance provider Remitly has closed a $12.5 million Series B funding round as it makes plans to move into new markets.
The Chinese e-commerce giant had been in talks with Snapdeal over a possible cash injection, but has backed off from any investment.
London-based online fraud prevention firm Ravelin won an undisclosed level of seed funding from Passion Capital last week, marking another investment win for the capital’s FinTech sector.
Uber rival Lyft has closed a $530 million funding round led by Japanese e-commerce giant Rakuten.
Alibaba is rumoured to be considering an investment in Snapdeal as the Indian online marketplace seeks $1bn in its latest funding round.
Kobalt, an independent music publishing and music rights management services company has secured $60M in Series C funding.
Indian mobile payment startup Momoe has raised $1.2 million in seed funding from IDG Ventures India and Jungle Ventures.
Non-banking lender Aye Finance has won a $1 million investment from SAIF Partners and Accion to supply funding to micro, small, and medium enterprises (MSME’s) in India.
WorldRemit has raised $100 million in a Series B funding round led by Technology Crossover Ventures to fuel the company’s expansion through partnerships with mobile money providers in Africa, Asia and Latin America.
Mobeewave secured $6.5 million in a Series A funding round led by SBT Venture Capital, the company announced yesterday, which will be used to support its growth worldwide and boost the rollout of various NFC payment acceptance product maps.