Korbit, a Korean bitcoin exchange, wallet and merchant processor, closed a $3m Series A funding round. The round was led by SoftBank Ventures Korea and Pantera Capital with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova and initial investor Strong Ventures. The company intends to use the funds to […]

Settle, a Kiev, Ukrain-based provider of a mobile payment app , raised $1.5m in venture capital funding. Moscow-based venture fund Life.SREDA made the investment. Led by Stas Matviyenko, Settle is a mobile payment service for restaurant-goers in Eastern Europe. The app lets restaurant/bar customers order, settle the tab, and tip from their phone. It connects with the […]

Fintech is the new “Big Thing” and London seems to be the promise land. Nutmeg, a savings and investment management service for professionals, is one of the startups on the way of reaching it.  Director and Chief Executive Officer Nick Hungerford, a banker turned entrepreneur, answered our questions. FinSMEs: Hi Nick. First, can you tell us a […]

iZettle, a Stockholm, Sweden-based mobile payments company, raised another €5m in Series C round of funding. Hasso Plattner Ventures joined Series C investors Zouk Capital, Dawn Capital and Intel Capital, as well as Greylock Partners, Index Ventures, Northzone, Creandum, SEB Investors, American Express, MasterCard and Banco Santander. The additional funds bring the Series C to […]

Señor Pago, a Mexico City, Mexico-based mobile point of sale (mPOS) service, closed a seed round of $1m in funding. Backers included Silicon Valley tech veterans Jay Adelson and Barrett Lyon. The company intends to use the funds to expand operations. Founded in 2010 and led by Pablo González Vargas, CEO, and Antonio Flores Aldama, […]

BitFury Group, a San Francisco, CA and Amsterdam, the Netherlandsw-based Bitcoin infrastructure provider, is launching a seed investment fund. BitFury Capital will leverage the company’s position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities. The fund will be a subsidiary of the […]

According to a blog post on its site, Xapo, a Palo Alto, Calif.-based bitcoin wallet startup, raised $20m in a Series A-1 financing round. The round was led by Greylock Partners and Index Ventures with participation from Emergence Capital Partners, Max Levchin, Yuri Milner  and Jerry Yang. They joined earlier backers Benchmark, Fortress Investment Group, and Ribbit Capital who invested $20 million […]

Moscow-based venture capital firm Runa Capital announced a first closing for its new $200m fund. The amount of the closing was not disclosed. Runa Capital II will continue to invest in the tech sector, with focus on cloud computing, hosted services, virtualization, complex software and IT-solutions for fintech, education, healthcare and social sectors. The geographical […]

Jusp, the chip-and-pin mPOS (Mobile Point-of-Sale) solution for smartphones, tablets and PCs, has announced the availability for sale of its mPOS solution. The Milan-based company recently received the most stringent security level certifications for mobile point of sale devices: EMV level 1 and 2,PCI PTS 3.1 SRED*. Led by Giuseppe Saponaro, COO, and Stefano Calderano, CEO, JUSP […]

SoftTech VC announced the closing of an $85m venture capital fund. Backers included 20 institutional LPs and 40 individuals (43% Fund of Funds, 23% Family Offices, 15% Endowments & Pension Funds, 10% Foundations, 9% Individuals). SoftTech VC IV focuses on seed stage opportunities in B2B and B2C technology. In details, investment areas include Software-As-A-Service (SaaS) […]

BitGo, a San Francisco, CA-based Bitcoin security platform, raised $12m in Series A financing. The round was led by Redpoint Ventures with participation from existing investors Bridgescale Partners, Jeff Skoll, Bill Lee, and Eric Hahn and new investors Radar Partners, Founders Fund, Barry Silbert’s Bitcoin Opportunity Corp., Liberty City Ventures, Crypto Currency Partners, Ashton Kutcher […]

According to a post on the company blog, HashPlex, a Seattle, WA-based provider of a full-service hosting for cryptocurrency mining, closed a $400k seed funding round. The round was led by Barry Silbert of Bitcoin Opportunity Corp and SecondMarket, and Jason Prado, co-founder of Plannr, ex-Googler, now senior engineer at Facebook. The company intends to […]

Stockholm, Sweden-based iZettle is one of the main players in the mobile payment service arena. They recently raised a massive $40m Series C round to continue to expand globally (read here) and signed a partnership with Nordea, the financial services group to be its provider of mobile point of sale (mPOS) solutions in Sweden, Norway, Denmark and […]