SoftBank’s SB Opportunity Fund took part in international staffing services provider Ontop's $20m series A round while Emtek bcame digital payment processor Nium's latest corporate shareholder.

Funding

Ontop, the US-based operator of a cross-border human resources offering, has received $20m in series A funding from investors including telecommunications and internet group SoftBank’s SB Opportunity Fund, Refresh Miami reported yesterday. Hedge fund manager Tiger Global Management and venture capital firm Point72 Ventures co-led the round, which reportedly hiked Ontop’s total funding to $26m. Point72 Ventures, Funders Club, ClockTower Technology Ventures, H2O Capital, Magma Partners, Soma Capital, Supernode and unnamed angel investors had supplied $4.5m in a May 2021 seed round.

Media group Emtek bought a 2.4% stake in Nium, the Singapore-based operator of an online international payment platform, for approximately $19.6m last month through a secondary share purchase, DealStreetAsia reported today, citing a regulatory filing. The shares were sold by financial services provider SBI and VC firm Vertex Ventures and the size of the deal is based on the $1bn-plus valuation at which Nium raised $200m

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.