Day: 20 May 2019

FinTech

Modulr raises £14 million investment led by Frog Capital to

New investment will accelerate its tremendous growth, customer momentum and innovation in commercial and wholesale. Capital provides global opportunity as B2B transactions processed by pureplay digital operators will reach $14 trillion by 2023, up from $6.7 trillion in 2018, according to Juniper Research reportfeaturing Modulr. Funding follows the launch of major partnerships with Sage and Paxport […]Read More

Revolving Credit

Wagestream closes £40 million Series A led by Balderton and

WAGESTREAM HITS £40M RAISE — THE UK’S LARGEST EVER SOCIAL IMPACT INVESTMENT £40m milestone arrives after latest £15m cash injections from investors co-led by early-stage venture capital specialists, Balderton and Northzone Rapid adoption of Wagestream platform by UK firms proves employers are willing to invest in financial wellness and tackle in-work poverty Wagestream is a […]Read More

Original

Membr secures debt finance from FW Capital

Fitness software business races ahead with expansion following FW Capital investment. A business which has developed software for the fitness industry has received significant funding from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF). Fitcloud Technology Limited t/a Membr, based in Worsley, is a […]Read More

Business Software

PROWLER.io completes £18.95 million Series B funding round at a

PROWLER.io completes funding round at $100m valuation ● British AI company successfully completes Series B funding round at a post-investment valuation of $100m. Backers, including Mandatum Life, Pearson, RB Capital, and Tencent, invested $24m. ● PROWLER.io’s generalised decision-making AI technology is being rolled out for deployment in financial services, logistics and education during 2019. ● […]Read More

Seed

Manchester SaaS start-up Raildiary receives £650,000 investment

Manchester-based start-up Raildiary has today announced it has secured a £650,000 investment from the Rail Supply Growth Fund and Angelgroups to support its continued expansion across the rail construction sector in both UK and overseas markets. The investment will help Raildiary increase its workforce and accelerate its product development work, leading to the creation of […]Read More