Fintech funding round-up: 28 March 2017
Enjoy a word-lite delight with our brief fintech funding round-up. Features Clarity Money, The Glue and OOjiBO.
US-based Clarity Money, a personal finance app, has announced a $11 million Series B funding round led by RRE Ventures and Citi Ventures.
This financing comes three months after Clarity Money launched its product and eight months after raising a $3.5 million Series A, bringing the total raised by the company to $14.5 million.
The Glue, a Brussels-based infrastructure provider for financial institutions, intends to stick around as it has secured €5 million for its expansion plans. Polytech Ecosystem Ventures, a Swiss and Silicon Valley investor leads the round.
The Belgian firm’s framework consists of an overlay platform that integrates front-end channels and open API-ecosystems to legacy environments and helps create digital services. The company was set up by Jurgen Ingels (founder of Clear2Pay, now FIS) and Stefan Dierckx (founder of Projective, now at Diebold Nixdorf).
Singapore-based cross-border remittance start-up OOjiBO has got itself a handy $3.6 million in a pre-series A round from private investment firm Centurion Private Equity. After this funding round, Wong Kok Hoe, director of Centurion, will join OOjiBO’s board of directors.
At present, the firm only offers its service in Myanmar, but with the new cash plans to expand to Indonesia and Thailand. Like a lot of new companies it’s targeting the unbanked and underbanked market in the ASEAN region. According to OOjiBO’s website, it says over 50% of ASEAN is unbanked – meaning about 400 million people.
