Payments company Mollie raises €90 million

American firm TCV has invested €90 million in payments company Mollie, making it the Netherlands’ second-best financed FinTech business. Now worth over €1 billion, Mollie has become a unicorn and plans to use the money to expand into new countries. Founded in 2015, it welcomed its first outside investors in 2019 and also operates in Germany and France.

Smart education platform Kimo raises €1.25 million 

Focused on applying AI to personalised learning, Kimo just announced that it raised €1.25 million in funding – with details to follow soon. The Dutch-Indian company will use the infusion of money to “expand the team, focus on growth, and build more cutting-edge AI models to improve re-skilling.”

Aito raises €3 million for its interface technology

In a sign that the market is moving away from traditional button interfaces, haptic interface experts Aito successfully raised €3 million in a round led by KBC Focus Fund, with participation from FORWARD.one and Innovation Industries, which was already an investor. The company will use the funds to scale its patented Haptile technology, which works to enrich and personalise user interfaces using advanced haptic feedback. 

Dusk Network receives €850,000 for the development of its Security Token Exchange

With an aim of decentralising finance, Dusk Network just announced that it will receive US$1 million from bitcoin veterans iFinex Inc. With the money, Dusk Network aims to create the first fully compliant exchange that unites the traditional financial market with the security benefits of tokenisation. The partnership with iFinex Inc holds much promise: the Hong Kong-based company not only owns the longest-running cryptocurrency exchange Bitfinex, but also Tether, the world’s most popular stable coin.  

AMMP raises €1.15 million for its SaaS platform for renewable energy providers 

Dedicated to supporting the transition to clean energy, AMMP procured €1.15 million in seed funding in a round led by Point Nine Capital, with participation from Africa-focused Raba Partnership and Musha Ventures. The financing will help the company develop its B2B SaaS platform, which gives providers of renewable and hybrid energy systems oversight into their offerings. Currently, AMMP’s platform supports nearly 1,000 renewable energy generation systems across 17 countries worldwide.

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