This week marked a significant moment for fintech. iCapital secured one of the largest funding rounds, reinforcing its leadership in alternative investment solutions. Meanwhile, Paypercut, a Bulgarian fintech startup, raised €2 million in a pre-Seed round to expand its BNPL hub. Retirable garnered $10 million in Series A funding to enhance retirement planning for middle-income Americans. ORA Technologies in Morocco raised $7.5 million to scale digital payments, and CertifID secured $47.5 million in Series C funding to bolster real estate fraud prevention. These developments highlight dynamic growth and innovation within fintech, as companies attract significant investments to drive their missions forward.
iCapital Raises Largest Rounds in Undisclosed Round
iCapital raised one of the week’s largest funding rounds. Read more.
iCapital, a prominent fintech player, secured one of the week’s largest funding rounds. Known for innovative solutions, it simplifies access to alternative investments for financial advisors and high-net-worth clients. This capital influx will enhance iCapital’s platform capabilities, enabling it to expand its reach and continue providing top-tier services. The funding underscores growing investor confidence in fintech solutions that streamline complex investment processes, offering greater transparency and efficiency.
Bilt Rewards, another fintech company, also attracted substantial investment, highlighting the sector’s robust appeal. Bilt Rewards transforms how consumers earn rewards through rent payments, offering a unique value proposition. With new funding, Bilt Rewards aims to expand partnerships and enhance its platform, providing more opportunities for users to maximize rewards. The success of iCapital and Bilt Rewards in securing large funding rounds reflects continued momentum and innovation within fintech, as companies strive to meet evolving consumer demands and leverage technology for superior financial solutions.
Paypercut Raises €2 Million in Pre-Seed
Paypercut, based in Bulgaria, raised €2 million in a pre-Seed funding round. Key investors include Concentric, Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures. Read more.
Paypercut, a Sofia-based FinTech company, successfully raised €2 million in a pre-Seed round, marking one of the region’s largest pre-Seed rounds for a payments-focused enterprise. The company enables small and mid-sized merchants to offer Buy Now, Pay Later (BNPL) services through a single integration platform. This approach simplifies the process for merchants, allowing easy integration of multiple BNPL providers, enhancing payment offerings, and potentially increasing sales. Led by Concentric, the funding round included notable investors like Passion Capital, RTP Global, Tuesday Capital, Robin Capital, and Angel Invest Ventures. With new capital, Paypercut aims to expand operations and further develop its platform to accommodate more merchants and BNPL providers. The company’s focus on the BNPL sector comes as demand for flexible payment solutions grows, especially among younger consumers who prefer managing finances with more control and transparency. By positioning itself as a BNPL hub, Paypercut is poised to capture a significant market share in Bulgaria and potentially expand across Europe.
Retirable Raises $10m in Series A
Retirable raised $10m in a Series A funding round. Read more.
Retirable is a retirement platform for middle-income Americans, providing comprehensive and smart retirement planning tools. With $10 million raised in a Series A round, Retirable plans to expand services and improve its platform for its target demographic. The company focuses on making retirement planning accessible and straightforward, offering personalized advice and strategies to help individuals achieve retirement goals. By leveraging technology, Retirable simplifies the retirement process, ensuring users can confidently plan for their future.
The additional funding will enhance Retirable’s platform capabilities, incorporating advanced tools and features for middle-income earners. The company’s mission is to bridge the gap in retirement planning for those lacking resources.
