Funding Alert: o9 Solutions startup raises an amount of $100 million from KKR, valuing it over $1 billion

Integrated business planning software startup o9 Solutions, Inc. recently stated that it has raised an amount of $100 million (around Rs 761 crore) from global investment firm KKR. KKR has chose a minority stake in o9 Solutions, valuing it over $1 billion.

The #startup aims to hire India-based talent in emerging technologies like #artificialintelligence, #machinelearning and other key technologies in the digital transformation space as well as expand its customer base in Asia.

o9 was put to use by Sanjiv Sidhu and Chakri Gottemukkala, both Indian Americans from Hyderabad.

Furthermore o9 has upto 500 employees globally, of which more than 350 are based in India. Its clients in India include different divisions of Aditya Birla group, Tata Group, and leading paint firms.

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o9 Solutions startup raises an amount of $100 M from KKR

Integrated business planning software startup o9 Solutions recently stated that it has raised an amount of $100 million (around Rs 761 crore) from global investment firm KKR. KKR has chose a minority stake in o9 Solutions, valuing it over $1 billion. The startup aims to hire India-based talent in emerging tech like artificial intelligence, machine...

Australia's Judo Bank closes on $147 mn Series C round of funding for SME loans

Judo Bank, an Australian neobank that provides loans to small and medium-sized enterprises (SMEs), has raised $147 million in a Series C round of funding.

The raise comes just 10 months after the Melbourne-based startup raised a $261.6 million Series B that was considered to be “the largest private investment” in a local startup, according to AVCJ. It also comes weeks after Judo Bank secured $500 million in government funding for its SMB loans.

With this latest financing, Judo Bank has raised a total of about $500 million in equity, according to Crunchbase data, in addition to a known $450 million in debt. The Series C made Judo Bank a #unicorn in Australian dollars with a valuation north of $1 billion in local currency, or $653.7 million in U.S. dollars. Existing backers participated in the round, including Bain Capital Credit and Ironbridge Capital.

Founded in 2017, Judo Bank got its license to take deposits last year. The bank now has more than $1.5 billion in deposits and has written more than $1.5 billion in loans, with around 10,000 customers across both loans and deposits, according to startupdaily.net.

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Australia's Judo Bank Closes On $147M Series C For SME Loans

Judo Bank, an Australian neobank that provides loans to small and medium-sized enterprises (SMEs), has raised $147 million in a Series C round of funding. The raise comes just 10 months after the Melbourne-based startup raised a $261.6 million Series B that was considered to be "the largest private investment" in a local startup, according to AVCJ.

Is Monzo's 40% drop in valuation a sign of things to come for fintech startups?

Source:- FinTech Futures

Is Monzo Bank’s 40% drop in valuation a sign of things to come for tech start-ups?

London-based digital bank, Monzo Bank, is set to be the next fintech company facing the fallout from the coronavirus pandemic as investor interest has dampened across various industries over the past few months.

According to sources close to the raise, Monzo Bank is set to close its latest round of funding at around a £1.25 billion valuation, which falls considerably short of the £2 billion secured at the conclusion of its last funding round in June of last year.

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Is Monzo's 40% drop in valuation a sign of things to come for tech start-ups? - FinTech Futures

Is Monzo's 40% drop in valuation a sign of things to come for tech start-ups?