PayQix, Inc., a global developer of a business automation and transaction management platform for small-medium-sized businesses, received $11m in funding as a part of a just open $21m Series A funding round.

Luxembourg-based Digital Tech Fund has been launched. The “evergreen” fund, created by the Ministry of the Economy in the context of Digital Lëtzebuerg, will take equity stakes in promising innovative enterprises created less than seven years ago and which are developing existing products, preferably in the form of functional prototypes. It will focus primarily, but […]

Bamboo Finance, a Luxembourg-based private equity firm specializing in investing in business models that benefit low-income communities in growth markets, held the $31m first close of its second financial inclusion focused fund. Investors included Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM. The Bamboo Financial Inclusion Fund II will make equity investments in the […]

Temenos Group AG, a Geneva, Switzerland-based provider of mission-critical software to financial institutions, acquired Multifonds, a Luxembourg-based provider fund administration software, for €235m (approximately US$262.9m). Global growth equity investor Summit Partners, which originally invested in Multifonds in 2006, and increased its stake in 2010, was the seller. Founded in 1995 and led by Bertil Rouveure, Executive Chairman, Multifonds provides software to […]