back Back

4 major FinTech fundraises in Europe in October 2023

By Gloria Methri

October 27, 2023

  • ALT21
  • Brite Payments
  • Europe
Share

FinTech, Funding, Seed Round, Series A, Series B, SME Financing, Fundraises, Europe The rise of new FinTech start-ups, new-to-bank population, and technological advancements have paved the way for an upsurge in FinTech evolution. FinTechs are becoming mainstream with more investment made than ever before. Tracking FinTech investments provides a better perspective on the competitive and strategic trends in the industry.

Below are five notable FinTech funding rounds in Europe in the month of September 2023:

ALT21, a London-based hedging technology company, has closed a $21 million (€19.4m) funding round, one of its largest pre-series A funding rounds in Europe this year, to support the next stage of its growth. ALT21 operates an end-to-end digital hedging platform. The fundraise will help ALT21 to sustain its growth trajectory as it plans to broaden the base of strategic partners to reach a larger demographic of SMEs. It also plans to expand overseas, allowing it to work with strategic partners globally.

Swedish FinTech Brite Payments announced a $60 million funding round led by B2B software investor Dawn Capital, joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts. The company said it will use the fresh funding to accelerate its geographic expansion, strengthen its presence in existing markets, and invest further in product development.

Capital markets technology firm, Globacap completed a $21m million Series B funding round as it strives to digitise and automate the global private capital market. Investors include capital markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc., and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm, QBN Capital.

The firm said it will use the fresh injection of funding to ramp up its marketing and sales efforts, expand into new geographies, and invest in developing its product to grow its customer base.

Lyvia Group, one of the leading providers of business-critical software and expert services, has announced a new partnership with Danske Bank and DNB. The partnership with the two major Nordic banks will strengthen the company’s growth capabilities and support its European expansion.

Lyvia invited investors and stakeholders to join them in their growth journey stating that its excellent technologies, combined with this significant funding, set the stage for continued success and innovation.

Also read: Global Lending Vendors & Landscape Report Q2 2024

Previous Article

October 27, 2023

Federal Bank & Avanti Finance form co-lending partnership for rural borrowers

Read More
Next Article

October 27, 2023

Know Your Customer & JETCO team to support Financial Institutions in Hong Kong

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

ALT21

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Westpac launches mobile credit cards for corporate clients

Read More

Today

9Spokes unveils ‘Automated Cashflow Tool’ for financial organizations

Read More

Today

4 Lending platforms making loans more accessible for Indian SMEs

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024