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Fundbox invoice factoring4/18/2023 Connecting startups to accounting, tax management, banking, lending, website management and email services, ZenBusiness saw the latest investment from Greycroft, while Lerer Hippeau and Rise of the Rest Seed Fund also provided funding. U.S.-based ZenBusiness, which operates a digital platform to help entrepreneurs start their companies, announced $15 million in Series A funding this week via a press release. In addition to Tribe Capital, the funding round included participation from existing backers Crosscut, Silicon Valley Bank and Precursor Ventures. Teampay offers companies spend management software designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement. Teampay plans to use the money to focus on product development and team growth within the U.S., with a focus on digital transformation services and analytics tools for corporate customers and their finance teams. The $11 million in seed funding will help the firm build out its network of professionals (dubbed Drummers) and ready the launch of its buyer application in mid-October, reports in Pulse 2.0 said this week.īusiness expense management company Teampay revealed in a press release a $12 million fundraise led by Tribe Capital, the company said this week. Drum deploys the gig economy to find sales teams for businesses on demand. The new funding will be used to propel the company’s vision to create a holistic financial services platform for under-banked small businesses and individuals.įounded by the founders of Kabbage, Drum has launched its on-demand network sales force platform with new funding from Propel Venture Partners, Felicis Ventures, BlueRun Ventures, American Express Ventures, GroTech Ventures, Wildcat Venture Partners, BoxGroup and SV Angel. The company’s technology can disburse a small business loan within five minutes, and focuses on micro-financing for loan values between $33 and $440. FairMoney announced nearly $11 million in venture capital this week led by Flourish, with DST Global and existing investors Newfund, Speedinvest and Le Studio VC also participating. Operating in Nigeria and headquartered in France, FairMoney targets small businesses with its mobile app using smartphone data to facilitate SMB loans. Paro told reporters that it will look to wield the data it now has, and leverage it for freelancers and businesses using its solution. Paro aims to simplify the talent search process for businesses in need of finance expertise, while connecting those businesses and professionals with automated finance technology to boost their productivity. The latest investment follows the company’s $5 million Series 5 round, leading Paro to dub this funding its Series AA, reports in TechCrunch said. Offering corporate users, CFOs, accountants and other finance professionals on demand, Paro, based in the U.S., announced a $10 million Series A round, with venture capital provided by Sierra Ventures and existing backers Revolution Ventures, KGC Capital and Tom Williams. Sempli said the funding bolsters its balance sheet and supports its effort to strengthen its position in the country, which is Latin America’s third-largest market for small business lending. Other backers of the Series A round include BID LAB, XPT1 Fund, Generación Exponencial and Impulsum Ventures. Equity Venture Partners also participated, according to SmartCompany reports, which said Hnry plans to deploy the investment to accelerate its hiring activity.Ĭolombian alternative small business lending platform Sempli announced $8 million in funding this week from Oikocredit and Incofin CVSO, according to a press release. Investors at Ice Angles and AngelHQ provided new funding for the company. The firm operates a platform to automate tax and financial management processes for gig workers, sole traders and contractors. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35 million. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. The U.K.’s Nationwide Building Society did not disclose how much it invested in BankiFi, but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding.īelow, PYMNTS breaks down how more than $420 million in funding landed with B2B startups. A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season.
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