ConnexPay raises $110M for tech enhancements

Payments technology platform ConnexPay secured a $110 million investment last week from growth equity firm FTV Capital to help support technology enhancements and grow its international team, according to a release. Minneapolis-based ConnexPay integrates payment acceptance and issuance inside a single platform using API documentation, according to the company’s website. “With FTV’s proven track record in payments and its extensive global partner network, we are confident this partnership positions ConnexPay to accelerate global commercial success,” Robert Kaufman, founder and chief executive of ConnexPay, said in a release. ConnexPay has raised a total of $145 million over five funding rounds, according to Crunchbase . Dwight Funding receives $100M credit facility New York City-based lender Dwight Funding received a $100 million, asset-based revolving credit facility from $12.9 billion IDB Bank , according to a release. [caption id="attachment_221255" align="alignright" width="300"] Photo by CanStock [/caption] Dwight Funding offers asset-based lines of credit and equipment financing with investments in software-as-a-service and e-commerce companies, according to the company’s website. The lender will use the financing to assist with its growth and invest into its proprietary technology, Dwight co-founder Ben Brachot said in the release. Arta Finance raises $90M Mortgage lender Arta Finance received $90 million in funding while still in stealth with the goal to provide alternative asset investments, according to a release. The Mountain View, Calif.-based startup is looking to create a “digital family office” where accredited investors will have access to private equity, venture capital, private debt and real estate, according to the company’s website. Sequoia Capital India , Ribbit Capital , Coatue and more than 140 tech and finance investors participated in the fund raise, according to a release. “We believe that a high-powered financial strategy and a secure, happy future shouldn’t be the monopoly of the ultra-rich,” Caesar Sengupta, co-founder and chief executive at Arta, said in the release. Plend nabs $45M in seed funding London-based “ethical lender” Plend announced Wednesday that it has received $45 million in seed funding to deliver open banking. The company is looking to eschew the traditional lending system and use open banking data for loan decisioning and approvals based on personal credit with rates that customers can afford, Plend Chief Executive Rob Pasco said in a release. The company will provide “a truly ethical alternative to the broken credit-scoring system that locks so many people out of the market, especially during these times of economic turbulence and rising interest rates,” Pasco said. Active Partners , Velocity Juice and Sivo participated in the funding round, according to the release. Money Fellows raises $31M in series B Egyptian fintech Money Fellows announced that it has received $31 million in series B funding to launch a mobile-based platform for “savings circles,” which allow multiple people to place money into a pool for a specified time period, according to a release. The goal is for participants to save up to $5,000 and receive a return of up to 20% on top of the savings, according to the company’s website. The funding round was led by CommerzVentures , Middle East Venture Partners and Arzan Venture Capital , according to the release. Bank Automation Summit US 2023, taking place March 2-3 in Charlotte, is a crucial event on automation and automation technology in banking. <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home" href="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1667590580827.1667595238838.501&__hssc=41615677.4.1667595238838&__hsfp=1078827124" target="_blank" rel="noopener noreferrer" aria-label="Link Learn more">Learn more and <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register" href="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1667590580827.1667595238838.501&__hssc=41615677.4.1667595238838&__hsfp=1078827124" target="_blank" rel="noopener noreferrer" aria-label="Link register for Bank Automation Summit US 2023">register for Bank Automation Summit US 2023 .

ConnexPay raises $110M for tech enhancements

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ConnexPay raises $110M for tech enhancements

Dwight Funding receives $100M credit facility from IDB Bank

U.S. Bank, Microsoft team up on embedded payments

Zenus Bank chooses Finxact for digital transformation

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