Digital bank operator Tonik Financial raised $131m in a Mizuho Bank-led round while e-commerce software provider Shopware secured $100m from PayPal and Carlyle.
Funding
Financial services group Mizuho Bank led a $131m series B round for Philippines-headquartered digital bank operator Tonik Financial today. Prosus, the internet holding company formed by e-commerce and media group Naspers, took part in the round through its Prosus Ventures unit and was also joined by investment fund Sixteenth Street Capital, family office Nuri Group and private investor Rahul Mehta.
Digital payment processor PayPal and private equity firm Carlyle invested $100m in Germany-headquartered e-commerce software producer Shopware yesterday. Carlyle supplied its share of the funding through its Carlyle Europe Technology Partners fund.
Happy Money, the US-based operator of an online unsecured lending platform which works in collaboration with credit unions, completed a $50m series D-1 round yesterday featuring mutual insurer Cuna Mutual Group’s strategic investment arm, CMFG Ventures. The round included Anthemis Group and undisclosed other investors, and the cash was raised at a $1.1bn pre-money valuation.
China-headquartered intelligent…
