Finances personal assistance app Dyme bags €2 million in seed funding
Formulated to help people understand their finances and avoid unnecessary expenditures, Dyme has raised seed funding from Peak Capital and others. Last year, the FinTech gained fame for being featured in Dragon’s Den and turning down €750,000 in exchange for 51% of the shares. Now, the company has hooked €2 million for product development and for reaching its goal of growing from 300,000 users to one million.
Challenger bank bunq becomes unicorn with €160 million of growth equity
bunq offers an alternative to traditional banking by not investing its customers’ money or allowing them to get into debt, and putting technology at its core. Backed by an additional €160 million from an undisclosed British private equity firm, the bank is now reportedly the latest unicorn on Amsterdam’s startup scene. Founded in 2012, bunq was the first organisation to get a European banking permit in over 35 years and is now available in 30 European markets. They plan to continue their expansion.
Fan engagement platform Fangage scores €2 million of private investment
Fangage has raised €2 million from a group of private investors for its mission to liberate culture creators with a fully-branded fan engagement and monetisation platform. Formulated to bypass social media platforms, Fanguage offers creators – from musicians to professional celebrities – to direct fans to their own channels. “Why pay Facebook, when you can earn directly from your fanbase?” was the thinking by the DJ founder. On Fangage, the more a fan pays, the more content opens up for them. The investment will be used to streamline user experience and expand to Asian markets.
Financial crime tracker Sentinels nabs €5.7 million of seed funding
Sentinels offers ‘data-driven transaction monitoring for confident risk-decisions’ that uses AI to track money laundering and other financial crimes. FinTech companies can use this to streamline their often very time-consuming compliance administration. The company has just raised €5.7 million funding in a seed round led by INKEF Capita and backed by a variety of investors, including Thijn Lamers and Maikel Lobbezoo, who were part of the original pre-unicorn Adyen team.
Unicorn payments company Mollie gains another €672 million in Series C funding
Now with an eye-watering valuation of €5.4 billion, payment integration system Mollie has attracted an additional €672 million of funding in an all-equity round led by Blackstone Growth – not bad for a company founded by someone who was still living with his parents at the time. They are processing an estimated €20 billion for 2021 and gaining up to 500 client businesses a day. With the investment, the goal is to continue to push growth in terms of expanding both product and market share.
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