ICYMI fintech funding round-up: m3ter, Niro, Tembo and more
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
London-based fintech start-up m3ter, which operates a pricing operations platform for software firms, has bagged $14 million in Series A funding.
m3ter bags $14m Series A
The round was led by Notion Capital, with participation from existing investors Insight Partners, Union Square Ventures and Kindred Capital.
The investment will help m3ter launch new analytics features and expand its presence in the US.
Founded in 2020, the start-up emerged from stealth last year.
Its platform allows software companies of all sizes to implement usage-based pricing to improve margin controls, boost customer satisfaction and grow revenue, by plugging into existing systems, gathering data and generating “error-free” bills.
Indian fintech start-up Niro has secured $11 million in a Series A debt and equity funding round.
The round consists of $8.5 million in equity financing from Elevar Equity, and new investors GMO Venture Partners, Rebright Partners and Mitsui Sumitomo Insurance VC. The debt funding of $2.5 million came from InnoVen Capital India.
With the new funding, Niro aims to expand its partner network, develop new financial solutions and enhance its risk analytics capabilities while bolstering its technology infrastructure.
Founded in 2021 and based in Bangalore, Niro helps embed personal credit products into e-commerce platforms.
Tembo, a London based digital mortgage platform founded in 2020, has received £5 million in investment from new investors Love Ventures and the McPike Family Office.
Existing investors Aviva Ventures and Ascension Ventures also took part in the round.
Tembo says it will use the money to develop its proprietary technology, as well as forge partnerships with wealth managers, house builders and lenders.
Amsterdam-based fintech firm Plumery has secured $4.5 million in a seed round led by Headline and Better Tomorrow Ventures.
Ben Goldin, Plumery’s founder
Also participating in the round were Seedcamp, Cocoa and three other angel investors.
Founded late last year, Plumery operates a digital banking engagement platform to equip banks with digital banking services, developer tools and data analytics. The firm says banks can deploy mobile and web experiences “at a fraction of the time and cost” of existing alternatives.
Plumery says it will largely use the funding towards product development as its team works with an initial set of customers. The firm adds that it expects to roll out a publicly available version of its platform on a subscription model later on in the year.
London based early-stage fintech 1fs Wealth, which offers a digital wealth platform, has secured an undisclosed investment from US venture capital firm Singularity Capital.
1fs Wealth’s digital platform uses an AI-based engine to help wealth owners consolidate all their assets, control risk, create and manage corporate structures, facilitate succession planning, assess sustainability and impact, and analyse the performance of complex global portfolios.
The firm earlier received backing from fintech angel investor Dominique Cerutti.
