FintechOS banks £43m in Series B round
FintechOS, the white-label financial institution software developer, has raised $60m (£43m) in Series B led by VC Draper Esprit. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures also participated in the round. The fintech, whose customers include Societe Generale, plans to expand worldwide, opening new offices in the US, Dubai and Singapore and plans to hire 120 new staff.
QED hawkish on Payhawk finance platform
Payhawk, the platform which unifies company payments and expense management, has closed a $20m (£14.5m) Series A round within a year of its $3.6m Seed round. US-based QED Investors, whose previous investments include Klarna, led the Series A alongside previous investor Berlin-based Earlybird Digital East. Payhawk acts as a one-stop-shop for invoices, payments and expense management, closing the gap between banks and ERP (Enterprise Resource Planning) systems. The company will use the Series A fundraise to expand to customers outside the UK and EU, as well as roll out its branded credit cards.
Orca AI navigates £9.4m Series A fundraise
Feel touches £5m investment led by Fuel Ventures
Feel, the direct-to-consumer dietary supplements brand, has raised £4.6m in a round led by Fuel Ventures alongside TMT Investments, Sova VC and angel investors. The brand saw 60x growth in its first year with 21,000 signups for its subscription model, which, it claims, is 3x faster than Huel at the same stage.
MunchFit gobbles up £1.2m in crowdfunding
MunchFit, the fitness meal planner and café chain, has raised £1.2m through 300 investors on CrowdCube, including former TV start Spencer Matthews. The company plans to open five more cafés in addition to the ones it already runs in Eclipse gyms and have its ready meals stocked in more supermarkets alongside Planet Organic.
Haatch Ventures supports CareLineLive to tune of £1.2m
CareLineLive, the homecare management software solution, has raised £1.2m led by Haatch Ventures. The firm will use the money to expand overseas, as 10 per cent of its customers are currently outside the UK.
Odore samples £599,000 from investors
Odore, the beauty tech start-up whose clients include Guerlain, LVMH and L’Oréal, has raised $830,000 (£599,000) through SFC Capital and RLC Ventures. The start-up plans to revolutionise the way beauty brands issue customer samples by integrating mailouts with social media feeds.