ICYMI fintech funding round-up: Paper.id, Opensee, Nilus and more
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
Indonesian digital invoicing and business payments platform Paper.id has secured $12 million in a Series B funding round led by Go-Ventures.
Also participating in the round were Skystar Capital, Living Lab Ventures, Sinar Mas Land, BM Capital and Redbadge Pacific.
Founded in 2016, Paper.id provides e-invoicing and digital payments solutions for businesses, helping them ease the burden of late payments and increasing their cashflow.
The start-up raised an undisclosed amount of funding as part of its Series A round in October 2019.
French real-time data platform for businesses Opensee has raised €11 million in a Series A funding round led by Omnes Capital, with participation from Laurion Capital and Societe Generale Ventures.
Opensee raises funds
Founded in 2015 with its headquarters in Paris, Opensee addresses financial institutions’ data challenges, allowing them to leverage collected data and make it accessible in real time “to the most granular level and with no limit on the size of the data set” via its single, scalable platform.
The new funding will be deployed towards product development including advanced AI analytics to support automated data quality controls and certification as well as multiple solutions delivered as a “fully managed cloud Software-as-a-Service (SaaS)”.
Opensee also plans to hire more team members and expand its footprint in North America and Southeast Asia.
Nilus, a no-code platform automating reconciliation, reporting and payment workflows, has raised $8.6 million in seed funding led by Bessemer Venture Partners.
The round also saw participation from Better Tomorrow Ventures, Symbol and a number of angel investors.
With its latest funding, Nilus will bring its solution to market and onboard additional customers. It will also hire new team members and invest in automation and no-code tools to enhance the user experience.
Founded in 2021 and based in New York, USA, Nilus helps unify data from payment providers, banks, and enterprise resource planning (ERP) to create “a single source of financial truth”, claiming to help firms “eliminate dependence on tech teams and spreadsheets”.
South Korean fintech firm Akros Technologies has raised $2.3 million in a funding round led by ZVC.
Akros raises $2.3 million
ZVC is a corporate venture capital wholly owned by Z Holdings, which has as its subsidiaries the global messaging app Line and internet portal Yahoo Japan.
With this fresh funding, Akros aims to expand “globally” and strengthen its relations with Z Holdings.
Founded in 2021 and based in Seoul, Akros operates an artificial intelligence-led asset management platform, which it plans to scale up and bring more users to, using the new funding.
It also intends to flesh out its product offerings to include portfolio management as a service – allowing financial institutions and other businesses to introduce their own funds using Akros’ tech.
Australian fintech Pathzero has raised $5.8 million (AUD 8.6 million) in a Series A extension round, bringing its total Series A funding to around $10.5 million (AUD 15.6 million).
The round was led by Carthona Capital, with participation from Clyde Bank Holdings, Antler and individual investors.
Founded in 2020 and headquartered in Sydney, Pathzero operates a SaaS platform that helps firms measure and manage corporate and financed carbon emissions.
