Fintech funding round-up: 10 March 2017
When time is tight, the reading can be light. A round-up of key events in fintech funding. Featuring Dimebox, NAB Ventures, Currencycloud and more.
Amsterdam-based start-up Dimebox has raised €5 million in a series A round from payment processor Billpro Group.
Dimebox says its modular, white label Software-as-a-Service (SaaS) solution includes risk management, artificial intelligence (AI) based fraud protection tooling, chargeback automation and billing and settlement capabilities.
National Australia Bank’s (NAB) venture capital fund, NAB Ventures, has led a series B funding round of $25 million in San Francisco-based foreign exchange payments company Veem. The sum also included investments from GV (formerly Googles Ventures), American VC firm Kleiner Perkins Caufield & Byers, Silicon Valley Bank and Japanese fund SBI Investment.
Veem (formerly known as Align Commerce) provides a platform that uses blockchain for cross-border business-to-business (B2B) payments in local currencies.
UK-based Currencycloud, another cross-border payments platform, has secured £20 million in Series D funding with a new investment from GV and additional funding from its existing investors – Notion Capital, Sapphire Ventures, Rakuten FinTech Fund and Anthemis. Total investment in the five-year-old company now stands at £44 million.
According to Currencycloud, it now has over 200 customers in 35 countries. The firm adds that Klarna, Travelex, Standard Bank, Revolut and Azimo, have built products using its APIs.
