Europe’s leading B2B InsurTech Qover raises $25M to accelerate momentum globally

qover cathay

InsurTech Qover, which builds the API-first global insurance solution for the new economy, has raised $25M with Prime Ventures as lead investor, backed by Cathay Innovation. Existing investors Anthemis and Alven have also participated in the funding round. This new investment brings the company’s total investment to $43M. The Series B financing follows a year […]

Which neobanks will rise or fall?

by Denis Barrier, Alex Lazarow The neobank, or digital bank, phenomenon continues to take the world by storm, with global winners, from Brazil’s Nubank valued at $10 billion and Berlin’s N26 valued at $3.5 billion, to Chime, now valued at $14.5 billion as the most valuable consumer fintech in the United States. Neobanks have led the charge of the $3.6 billion in venture capital […]

Arthur Yeung Appointed Executive President of Cathay Capital to Further Transform the Role of Private Equity in Today’s Rapidly Changing World

Cathay Capital bolsters leadership across private equity and venture capital investment practices with new partners spanning Europe, Asia and the US On February 9th, Cathay Capital, a pioneering global investment firm supporting companies across stages and markets, announced the appointment of Arthur Yeung as Executive President. He will preside over the global management and evolution […]

Alma raises 49 million euros to support retailers in a rapidly changing world

Paris, January 25th, 2021 – Alma, the French fintech offering installment payments and pay later solutions for merchants and consumers, has just completed a €49 million Series B financing round led by Cathay Innovation. Among the investors: Idinvest, Bpifrance via its Large Venture fund, Seaya Ventures and Picus Capital complete this round of financing. This […]

Cathay Capital raises €1.3 billion to support entrepreneurs

Cathay Capital announces that it has raised €1.3 billion to support entrepreneurs, following the final closing of the €800 million Midcap II fund and the achievement of the €500 million target for Cathay Innovation II. Those two investment vehicles are operational and will enable Cathay’s teams to best support start-ups (for Cathay Innovation II) as […]

Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

Resource: CNBC: https://www.cnbc.com/2019/12/05/chime-quadruples-valuation-to-5point8-billion-as-it-raises-500-million.html Chime, valued at $1.5 billion in March, is now pegged at $5.8 billion just nine months later, according to people with knowledge of the matter. The leading U.S. digital bank raised a record $500 million in a Series E, showing that massive funding rounds are still available for some start-ups. Chime will use the […]

Fundbox Raises $326 Million to Expand the Industry’s First B2B Payments and Credit Network

Fundbox will use these new investments to transform the B2B payments and credit experience by making transactions simple, fast and transparent so businesses will have greater cash flow predictability. The Series C round was oversubscribed and includes a diverse range of leading institutional investors, including Allianz X, Healthcare of Ontario Pension Plan (HOOPP), HarbourVest, 9Yards […]

Digital banking startup Chime valued at $1.5 billion in new $200 million round

Reference: Reuters Please redirect to Reuters for the entire presse release. The investment was led by venture capital firm DST Global with participation from new investors General Atlantic, Coatue, ICONIQ Capital and Dragoneer Investment Group, the company said. Existing investors Forerunner Ventures, Cathay Innovation, Menlo Ventures and others also participated, Chime said. San Francisco-based Chime will […]

US mobile bank Chime raises $200 M, valuing its business at $1.5 billion

Reference: TechCrunch   San Francisco-based mobile banking startup Chime  announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, […]