B2B Venture Capital Spans SMB Banking, V-Cards | PYMNTS.com
11 April 2019 6:30 PM GMT
More than $198 million was announced in new venture capital for B2B FinTech startups ranging from small business banking to cybersecurity firms.
- In total, more than $68 million in venture capital was announced - but that's not counting the $130 million round for one U.K. FinTech gearing up to launch small business banking services.
- Reciprocal Ventures and City National Bank also participated, reports this week said, with Extend planning to use the investment to collaborate with more bank partners, introduce new features to its mobile app and APIs, and expand its engineering, marketing and operational teams.
- With $20.55 million fresh in the bank, cybersecurity SaaS company RiskLens, formerly named Cxoware, will expand sales, marketing, engineering and professional services capabilities, reports said.
- The company secured the Series B funding from Paladin Capital, while Dell Technologies Capital, Osage Venture Partners, F-Prime Capital and MassMutual Ventures also participated.