Ark Kapital, Credix and Nokkel
This week’s Practical Friday Funding includes three European fintech start-ups – Ark Kapital, Credix and Nokkel.
Swedish fintech startup Sheet Capital has secured an extra one €15 million in funding, just six months after it closed its €165 million seed round.
Ark Kapital receives additional funds
The round was led by investor Annika Falkengren with participation from all previous seed and angel investors.
The additional money brings the firm’s total seed capital up to €30 million and expands its lending capacity to €300 million.
The startup says the funds will be used to increase capacity to bring in more customers.
Founded in the summer of 2021 and launched in November of that year, Ark Kapital offers non-dilutive loans to technology companies to help grow their businesses and provides growth analytics through its machine learning platform.
Through the platform, customers can access five-year forecasts and access loans between €1 million to €10 million for up to seven years, with repayments not starting for two to three years.
Crypto platform Credix have packed 11.25 million dollars in a Series A funding round led by Motive Partners and ParaFi Capital.
New investors participating in the round include Valor Capital Group, MGG Investment Group, Victory Park Capital Advisors, Circle, Fuse Capital and Abra.
With the new funding, Credix hopes to expand into new markets and scale its platform.
Based in Belgium and operating in Brazil, Credix matches institutional investors with fintechs in emerging markets.
The platform enables fintech companies and non-bank borrowers to convert their receivables and real assets into investment capital.
“All funding happens on-chain using USDC and smart contracts, creating immediate efficiency, settlement and more transparency,” says Thomas Bohner, CEO of Credix.
The new round follows Credix’s seed funding of $2.5 million in December 2021.
UK based proptech company Key have raised one unknown sum from FNZ in a Series A funding round.
Nokkel raises series A funds
Together with the new financing, the two firms have entered into a partnership where Nokkel’s solutions will be integrated into FNZ’s global asset management platform.
Through the integration, the companies say that financial institutions will be able to offer customers a “more holistic” view of the entire asset portfolio and net worth.
Headquartered in London, Nokkel offers a free platform that consolidates information about the property market and allows buyers and owners to communicate directly.
It provides homeowners with the information they need, including valuations, to make decisions about their properties. It also helps home buyers find off-market properties and engage with potential sellers.
“For many of us, our home is our most valuable asset – and one of the only assets where we can influence its value – and it shouldn’t be an afterthought to the portfolio,” says Adrian Durham, chief executive and founder of FNZ.
“By investing in Nokkel, we want to provide greater control and transparency over this asset – in line with what we have over our bank accounts, investments and pensions.
“The goal is to enable our clients to better capture this asset class, enabling them to deliver personalized financial advice and a suite of solutions to as many people as possible, furthering our mission to unlock wealth.”
Nokkel aims to use the funds to expand the team and further develop the platform.
