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SME Cash Management Startups Grab $93M In Funding

PYMNTS

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. But the streak of B2B FinTech investments continues for startups of several industries, including cybersecurity, alternative finance and more. Awake Security.

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India VCs Target SME Cash Management FinTech

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India’s small business finance space got some renewed attention by investors this week when local startup numberz.in offers cash flow management for businesses. The company secured $650,000 from Kae Capital and Khosla Impact, reports said Monday (Nov. announced seed funding. Owned by Paradime Technologies, numberz.in

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French Startup Qonto Secures Funding To Disrupt Biz Banking

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16) said Qonto secured $1.7 million from Valar Ventures and Alven Capital, a sign of support for the startup’s corporate banking solution. Reports said the startup will look to integrate with other FinServ players to add new features to its platform in the areas of FX, cross-border payments, cash management and elsewhere.

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Cybersecurity Unicorn Steals The B2B Investment Show

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Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Supply Chain Management.

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Stifel Launches Lending Unit For Startups And Their Investors

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The business will target early stage startups through mature growth companies, with a focus on the technology, healthcare, and life sciences industries. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. The investment now values Automation Anywhere at $2.6 million raised, U.K.-based

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US B2B Startups Blow Their International Competition Out Of The Water

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are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. New investment rounds reached from Australia to the U.K. startups, which collectively nabbed $175 million. million investment deal with another U.K.