Recent fintech fundraising news reveals significant growth steps for several companies. US-based BitGo, a Bitcoin security pioneer, has confidentially filed for an IPO. Substack, a digital newsletter platform for writers, has secured a substantial $100M funding round, boosting its valuation to $1.1 billion. Meanwhile, new startup Bono, aiming to modernize charity donations, has raised an undisclosed sum. Finally, UK-based Currency Stream has received a ‘major investment’ from Paycorp International to scale its FX and payments services worldwide.
BitGo’s Confidential Funding Round
BitGo, a US-based company, has raised an undisclosed amount. Read more.
The Palo Alto, California-based crypto custody startup BitGo has quietly filed to go public. Known for bringing multi-signature security to Bitcoin, BitGo has grown over the years, now handling over 100 coins and tokens. This public filing solidifies its success and opens the door for growth and new market expansion. Although the listing details remain under wraps, it’s a major milestone, demonstrating their dedication to offering secure, scalable solutions.
Substack Secures $100M Funding
Substack has raised a substantial $100M. Key investors include Chernin Group, Andreessen Horowitz, and Skims CEO. Read more.
Substack, a platform enabling writers to send digital newsletters directly to readers, recently secured $100 million in funding. Chernin Group, Andreesssen Horowitz, and Skims CEO, among others, participated in the round. As reported by The New York Times, this funding round has catapulted Substack’s valuation to $1.1 billion, a nearly 70% jump from its 2021 valuation of $650 million.
Bono’s Undisclosed Funding Round
Bono has raised an undisclosed amount. Read more.
Despite billions of dollars donated to charities annually, the donation process often feels outdated and cumbersome. Founders Dan Eblagon and Ron Levy envisioned a simpler donation method, leading to Bono’s creation, a platform for a modern, streamlined approach to giving.
Currency Stream’s Major Investment
Currency Stream, a UK-based company, has secured a major investment in an unspecified funding round. Key investors include Paycorp International. Read more.
UK’s FX and payments provider Currency Stream announced a ‘major investment’ from Paycorp International today. This investment will fuel its business growth in Europe and expansion across the Americas, Africa, and Asia. This partnership builds on a successful long-term collaboration, with Paycorp leveraging Currency Stream’s DCC solutions across Central and Eastern Europe and Southern.
