Fintech funding round-up: 27 October 2017
Just when you thought there couldn’t be more; the latest stories from the fintech funding world returns for another round. Features Constellation, Credit Sesame and Jirnexu.
Stars are in the eyes for digital service provider, Constellation Digital Partners, which has secured a new partnership and $3 million investment from Kinecta Federal Credit Union, following on from its reported launch in May 2017.
The funding, alongside eight other credit union partners, goes towards a platform marketplace built out a new service-based economy. Developers can create tiles or services, and then credit unions can seek out and select services within the marketplace.
From the stars, above to doors below, more are opening for Credit Sesame, a personalised credit service and financial wellness company, as they reveal a funding over $42 million in equity and venture debt.
The funding comes from existing and new investors including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, along with a strategic investor. Funding will be used to accelerate growth, member acquisition and to advance its analytics, robo-advisor and machine learning technologies.
Finally, Southeast Asian fintech firm, Jirnexu has raised $2 million in a pre-series B round. Led by Japan-based, financial services company SBI group and joined by existing investors, Celebes and Cento Ventures, it brings Jirnexu’s total funding to $8 million.
SBI group will work with Jirnexu to consolidate in Malaysia and expand by accelerating the development of new products and services. Jirnexu provides banks and insurance companies with a full-stack solution to effectively increase sales by “attracting, retaining and monetising connected consumers”.