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QED Investors leads $20 million round in Payhawk 3 hours ago Payments and expense management platform Payhawk has raised a Series A $20 million financing round led by QED Investors. Existing investor Earlybird Digital East, which led a $3.6 million seed round in March 2020, is also contributing fresh capital.
Payhawk acts as a one-stop-shop for integrated payments, invoices and expense management tools for finance teams that can serve businesses operating in 30 countries.
The company has posted 10x growth in 2020, and doubled its revenue in Q1 of 2021. Its customer base consists of a mix of fast-growing and multinational companies including LuxAir, Lotto24, Viking Life, ATU, Gtmhub, MacPaw and By Miles.
FintechOS, global technology provider for banks, insurers, and other financial services companies, today announced it has raised 51 million Euro in Series B funding. The round was led by Draper Esprit, a leading venture capital firm whose investments include Form3, ICEYE, Revolut, Thought Machine, UiPath. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures also participated in the round.
The funds will be primarily used to cement the company’s position in Europe and the UK and fuel international expansion to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. This includes new offices in the USA, Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount.
Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more
Deals
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Micromobility startup Dott with headquarters in Paris and Amsterdam has secured $85 million in a Series B funding round. The capital injection was co-led by Belgium-based Sofina and UK-based Estari.
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Helsinki-based investment firm Icebreaker has closed its second fund at €100 million and raised a separate €20 million that will be used to continue investments in existing portfolio companies.
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London-based financial technology firm FintechOS has raised $60 million in a Series B round. Led by Draper Esprit, whose previous investments include Revolut and N26, the round also saw participation from existing investors LAUNCHub, Earlybird Digital East, Gapminder Ventures, and OTB Ventures.
FintechOS raises Draper Esprit-led Series B funding round to fuel global expansion zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.