In the Press

We are excited to announce the successful sale of Quottly, Inc., to Parchment, the industry leader in academic credentials management. This acquisition adds a new dimension to Parchment's mission to turn credentials into opportunities by helping higher education give students access to more academic options, up-to-date transfer information, and guided pathways to ensure they stay on track and graduate on time.

We’re very excited to lead the Pagos Solutions Series A round and to be backing Klas Bäck, Albert Drouart, Dan Blomberg and the entire Pagos team. Merchants of all sizes can derive additional value from their existing payments infrastructure and the Pagos intelligent payment solutions are more relevant now than ever as they help improve a merchants bottom line by maximizing revenue, lowering payments costs and reducing fraud. Looking forward to working alongside Infinity Ventures, Underscore VC and Point72 Ventures in helping the Pagos team tackle payments complexity.

MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The investors co-led the fintech’s Series B extension round last June. Other investors in the financing include PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst. The funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. The fintech has raised more than $410 million in equity and debt since its 2019 launch.

We would like to acknowledge and congratulate Hosam Arab and the team at Tabby on their $200M Series D capital raise. Tabby is the the first FinTech unicorn in the region with a $200M Series D round led by Wellington Management, with additional participation from Blue Pool Capital, in addition to existing investors Arbor Ventures, STV, Mubadala Capital and PayPal Ventures.

Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with Akulaku and MUFG planning to expand into new markets and products together in 2023. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Its other backers include Ant Group (Akulaku launched a BNPL partnership earlier this year with Alipay+).

Congratulations to Mark Newman and the team at Nomi Health on being recognized as Best In Business by Inc. Magazine.