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Humanitru Secures $3M Investment to Revolutionize AI-Driven Fundraising for Nonprofits
Humanitru, a data-driven strategy and engagement platform for mid to enterprise-level nonprofits, has raised $3 million in funding led by Dogwood Ventures, with support from several other investors. This investment will drive product development, team expansion, and increased services for mission-driven organizations. Humanitru offers AI-driven tools to help nonprofits centralize data, enhance donor engagement, and improve fundraising efforts. With the funding, the company plans to enhance its engagement tools and expand its workforce. Leaders from both Humanitru and Dogwood Ventures expressed excitement about the partnership and its potential to empower nonprofits with innovative solutions.
Froda Secures €20M to Bridge Europe’s SME Funding Gap with Innovative Embedded Finance Solutions
Swedish FinTech company Froda has raised €20 million in a Series B funding round, led by Incore Invest, to enhance its embedded finance solutions for SMEs across Europe. Founded in 2015, Froda streamlines access to financing, reducing loan approval times from months to minutes, addressing the €400 billion funding gap for SMEs in Europe. The company operates in the Nordics, UK, Ireland, and Germany, holding a credit market license from the Swedish Financial Supervisory Authority. With impressive growth metrics, Froda aims to expand partnerships and further support SMEs in accessing essential growth capital.
Venn Secures $21.5M in Series A Funding to Revolutionize Canadian Business Banking
Venn, a Canadian financial platform previously known as Vault, has raised $21.5 million in Series A funding led by Left Lane Capital, highlighting strong investor confidence in its mission to transform business banking in Canada. Co-founded by former Revolut employees Ahmed Shafik and Saud Aziz, Venn offers services like multi-currency accounts, spend management tools, and accounting automation. The funds will enhance product capabilities and expand its services, aiming to become the leading banking platform for Canadian businesses. Venn plans to form strategic partnerships to improve offerings and address market needs, positioning itself as a game-changer in financial services.
Latin America’s Mendel Raises $35M Series B to Revolutionize AI-Powered Spend Management
Mendel, a top enterprise spend management platform in Latin America, has raised $35 million in a Series B funding round led by Base10 Partners, with contributions from PayPal Ventures and other investors. This funding will help Mendel enhance its AI-driven capabilities and expand into Chile, Colombia, Peru, and Brazil by 2026. The company uses a software-first model to help businesses manage expenses and travel efficiently, focusing on recurring SaaS fees rather than interchange revenue. With a strong presence in Mexico and Argentina, Mendel serves major clients like Mercado Libre and McDonald’s, aiming to revolutionize financial management in the region.
Flagright and Integrated Finance Join Forces to Simplify FinTech Compliance Solutions
Flagright has partnered with Integrated Finance to enhance FinTech integration processes by streamlining compliance and core infrastructure workflows. This collaboration allows FinTech teams to develop and deploy products faster by utilizing pre-mapped APIs, reducing complexity in vendor connections and accelerating go-to-market timelines. Integrated Finance offers essential banking infrastructure, while Flagright provides robust compliance solutions, including real-time AML monitoring and AI-powered forensics. The partnership supports various applications, such as multi-currency wallets and lending platforms, with a focus on improving customer experience and enabling innovation without sacrificing speed or security.
HUB International Launches Innovative Small Business Insurance Solution to Enhance Private Client Services
HUB International has launched HUB Private Client Small Business Solutions, designed to assist high-net-worth individuals in managing their small businesses. In collaboration with Insureon, this service offers customized insurance coverage that addresses the unique risks of entrepreneurship, ensuring both business operations and personal wealth are protected. Key features include tailored coverage, liability management, and wealth protection. Katherine Frattarola, HUB Private Client’s Executive VP, highlights the importance of understanding liabilities in business ventures, while Insureon’s Jeff Kroeger emphasizes their commitment to providing personalized coverage for small business owners. Clients benefit from expert guidance and ongoing support throughout their business journey.