This week’s handy Friday funding round-up includes three European fintech start-ups – Ark Kapital, Credix and Nokkel.
Swedish fintech start-up Ark Kapital has secured an additional €15 million in funding, just six months after it closed its €165 million seed round.
The round was led by investor Annika Falkengren with participation from all previous seed and angel investors.
The additional money brings the firm’s total seed equity raised to €30 million and extends its lending capacity to €300 million.
The start-up says the funds will be used to enhance its capacity to onboard more clients.
Founded in summer 2021 and launched in November the same year, Ark Kapital offers non-dilutive loans to tech companies to help grow their businesses and provides growth analytics through its machine learning platform.
Through the platform, customers can access five-year forecasts and access loans between €1 million to €10 million for up to seven years, with repayments not starting for two to three years.
Crypto platform Credix has bagged $11.25 million in a Series A funding round led by Motive Partners and ParaFi Capital.
New investors participating in the round include Valor Capital Group, MGG Investment Group, Victory Park Capital Advisors, Circle, Fuse Capital and Abra.
With the new funding, Credix hopes to expand into new markets and scale its platform.
Based in Belgium and operating in Brazil, Credix matches institutional investors with fintechs in emerging markets.
Its platform enables fintech companies and non-bank lenders to convert their receivables and real assets into investment capital.
“All financing happens on-chain using USDC and smart contracts, creating instant efficiencies, settlement and more transparency,” says Thomas Bohner, CEO of Credix.
The new round follows Credix’s $2.5 million seed funding in December 2021.
UK-based proptech company Nokkel has raised an undisclosed sum from FNZ in a Series A funding round.
Along with the new funding, the two firms have forged a partnership wherein Nokkel’s solutions will be integrated into FNZ’s global wealth management platform.
Through the integration, the companies say that financial institutions will be able to offer customers a “more holistic” view of their entire asset portfolio and net worth.
Headquartered in London, Nokkel offers a free platform that consolidates property market information and allows buyers and owners to communicate directly.
It provides homeowners with the information they need, including valuation, to make decisions about their properties. It also helps homebuyers find off-market properties and engage with potential sellers.
“For many of us, our home is our most valuable asset – and one of the only assets where we can influence its value – and it shouldn’t be a portfolio afterthought,” says Adrian Durham, CEO and founder of FNZ.
“By investing in Nokkel we want to provide greater control and transparency over this asset – in line with what we have over our bank accounts, investments and pensions.
“The aim is to enable our customers to better capture this asset class allowing them to deliver personalised financial advice and a set of solutions to as many people as possible, furthering our mission of opening up wealth.”
Nokkel aims to use the funding to grow its team and further develop its platform.
Image and article originally from www.fintechfutures.com. Read the original article here.