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Wefox secures new funding at $4.5 billion valuation as it aims for profitability

TechCrunch

Wefox , the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. Many startups are struggling to raise funding rounds or have to lower their valuation. Wefox secures new funding at $4.5

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Yapily raises $51 million for its open banking API by focusing on infrastructure

TechCrunch

Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. Another difference is that Yapily focuses exclusively on API integrations. Due to recent regulatory changes in Europe (PSD2), banks now have to offer official APIs to integrate with third-party services. In addition to the U.K.,

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Agicap raises $100 million for its cashflow management service

TechCrunch

French startup Agicap has raised a new $100 million funding round led by Greenoaks. With today’s funding round, the company has reached a valuation of more than $500 million (€415 million). Similarly, Agicap has developed integrations with accounting software and invoicing tools. They pay a monthly subscription fee.

Service 100
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Revolut lets businesses accept online payments

TechCrunch

It lets you send and receive international payments, and exchange funds in multiple currencies. The main advantage of Revolut’s acquiring solution is that it’s integrated with Revolut Business. Revolut extends Series D round to $580 million with $80 million in new funding. As a reminder, Revolut already offers business accounts.

Business 110
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1Password acquires SecretHub and launches new enterprise secrets management tool

TechCrunch

According to CrunchBase, Netherlands-based SecretHub never raised any institutional funding ahead of today’s announcement. “With the upcoming GitHub and 1Password Secrets Automation integration, teams will be able to fully automate all of their infrastructure secrets, with full peace of mind that they are safe and secure.”

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Sweden’s Tink raises $103M as its open banking platform grows to 3,400 banks and 250M customers

TechCrunch

Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. million in funding.

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Payhawk raises $112M to better compete in the heated corporate card race

TechCrunch

They can connect this Payhawk account to their existing bank account to load and withdraw funds. The startup has also built several integrations with ERP systems — you can automatically sync expenses and receipts with traditional accounting software. Germany, Spain, Belgium, the Netherlands and Luxembourg.

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