Quartr, ID-Pal, Oper and Fuell
Our weekly fintech summary for you to get the latest financing news from all over Europe. With Quartr, ID-Pal, Oper and Fuell.
Quartran app that gives people access to important business information and revenue calls, has raised one $ 2.6 million expanded the seed round, taking the total sowing round to $ 7.1 million.
Quartr receives new financing
The round was led by existing investors The Öhman Group, with participation from Flat Capital and Centripetal Capital together with existing investors Michael Batnick, Josh Brown and Barry Riholtz.
Quartr employs a team of 42 people, and says they will use the funding to scale the development team and additional products, including a B2C app and a B2B desktop solution.
Quartr was founded in Stockholm in 2020, and provides company information – such as income interviews, investor presentations, PDFs of transcripts and performance reports – from the likes of Apple, Meta, Spotify and Moderna, as well as all other listed companies on its app. .
It claims that the app has been downloaded more than 300,000 times in over 160 countries in the first year.
ID-Pala global provider of identity verification, the country has one € 7 million Series A funding round to further increase expansion into international markets.
The round was led by Inspire Investments and Act Venture Capital, which have also participated in ID-Pal’s last two rounds.
This new funding will allow the Dublin-based firm to further scale its global sales and marketing efforts to meet the growing demand for the solution following its official launch in the UK earlier this year.
ID-Pal provides companies with anti-money laundering (AML) and knows your customers’ (KYC) compliance solutions.
ID-Pal was founded in 2016 and enables companies to verify identities and addresses in real time.
Belgian-Swiss software-as-a-service (SaaS) digital mortgage lending company Oper Credits has secured € 11 million in a series A financing round led by Bessemer Venture Partners and ABN Amro Ventures.
Opera lands 11 million euros
Existing shareholders from the € 2.5 million seed round, including Techstars, Pitchdrive and Verve Ventures, also participated in this round.
Oper offers a white-labeled SaaS solution for banks and financial institutions in the field of mortgages. The platform uses “compatible smart data” to help customers comply with European regulations, as well as stay up to date on any industry changes.
Founded in 2018, it claims to have closed a total of around 1 billion euros in mortgages, and in the last year, the monthly recurring income has grown “eightfold”.
Wouter Lachat, co-founder and CPO of Oper Credits, says: “In addition to increased investment in R&D and recruitment, we are focusing on international growth.
“For us, France and Germany are the priority markets, as well as Austrian, Czech and Slovak opportunities as well. Our forecasts are strong, the market remains relatively untapped and our product is ready to provide a solution for large and small financial institutions that want to improve. their loan offer. »
Oper currently employs a total of 45 people from 12 different nationalities living in 16 different cities across Europe, with offices in Antwerp, Zurich and Minsk.
Fuela Spanish start-up that has developed a SaaS solution for business cards and cost management has closed a € 1.5 million financing round led by Y Combinator and Fin Capital.
American business angels Michael Levinthal and Andy Cohen also participated in the round.
The company says that the capital raised will be used to consolidate its position in the Spanish and Portuguese markets and launch in Italy.
Fuel helps companies “better manage and organize expenses” through business cards and employee reimbursement. The company automates expense management processes so that employees, accountants and CFOs can save money and time.
The software also converts receipts into invoices to support businesses that recover VAT at “more than 500,000 restaurants, parking lots and taxis”.
The start-up’s customers range from other start-up companies to listed companies in various sectors such as tech, hospitality, audiovisual, construction and trade.
