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Zeller doubles valuation to over $1 billion with $100 million raise
Following a highly successful launch year signing up over 10,000 Australian businesses within eight months, Zeller is doubling down on development of its fully integrated financial operating system for business owners after closing a $100 million funding round at a valuation north of $1 billion.
The Series B, which saw Zeller more than double its valuation, was led by US-based Headline, with additional funds contributed by Australian industry superannuation fund Hostplus. Previous investors, including Square Peg, Addition, and Spark Capital, returned to participate in the round. Zeller will invest funds to launch a range of revolutionary new payments and business banking capabilities to cater for the needs of it’s rapidly growing customer base.
“We’re excited to be entering Zeller’s next growth phase, as we rapidly expand our product range to offer businesses access to every financial services product they might need to thrive. Listening to feedback from over 10,000 businesses who joined Zeller in our first 8 months helps us to continually build new products that meet their evolving needs, as they reestablish themselves following the pandemic,” commented Ben Pfisterer, Zeller CEO and co-founder. “In collaboration with our growing Australian customer base, we hear that they want a single financial services solution that brings together every product they need to run and grow their business.”
“Zeller is well on its way to redefining how financial connectivity is delivered to Australian businesses, following in the footsteps of the tectonic shifts in the global B2B fintech ecosystem”, said King Goh, Principal at Headline. “Businesses of all sizes are now expecting their financial services to be provided via a best-in-class, consumerized experience given the rapid evolution in modern data availability and business needs. Zeller’s remarkable growth over the past eight months is a testament to how they are reimagining the traditional business banking industry. Ben and the team have built strong core products, and we are looking forward to working with them to grow and expand on this foundation.”
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Baselane Announces $34M in New Funding, Debuts AI-Powered Tools to Automate Banking and Bookkeeping for Real Estate Investors
Baselane, the banking and financial platform purpose-built for real estate investors, today announced it has raised a total of $34.4 million in new funding, including a recently closed $20 million Series B led by Thomvest Ventures and a previously unannounced $14.4 million Series A led by Matrix Partners. The funding milestone coincides with the launch of Baselane Smart, a subscription-based suite of AI-powered automation tools designed to give landlords greater control, efficiency, and insight into their rental property finances.
Teylor Secures €150 Million From Fasanara Capital to Drive pan-European Expansion in SME Financing
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Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
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Plutus Secures Investment from ServiceNow Ventures to Accelerate Agentic AI Innovation for the Insurance Industry
Plutus, the emerging leader in Agentic AI solutions for the insurance sector, announced an investment from ServiceNow Ventures
Encompass Closes Latest Funding Round, Led by BNP Paribas, to Fast-Track Further Innovation in Corporate Digital Identity Technology
Encompass Corporation, the global leader in Corporate Digital Identity solutions, announced details of a financing round led by BNP Paribas
Zelo and Watermelon Ecosystem Transform F&B Supply Chain with 24-Hour Invoice Financing
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CBI Drives Verification of Payee Compliance in Italy
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Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
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APIs Driving Embedded Finance Innovation
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FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
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