The investment round will support the company as it prepares to launch a new real estate product.
"Vauban is breaking down barriers as an innovative investment platform and trusted wealth management tool. Our goal is to provide an alternative model for capital flows, making investment an attainable and agile process. This Seed round will help support our rapid growth, which has been driven by an increase in VC funds, private equity companies and HNWI looking for ways to securely contain and deploy their capital."
Silicon Valley Bank provided the debt financing to support the company in expanding its real-time payments platform.
"We are very excited to deepen our partnership with TransferGo as we look forward to being a part of their growth story as it expands its cycle of innovation to attract more customers to a faster, cheaper and more accessible way to send money around the world,"
PayPal Ventures led the Series C follow on investment to support product development and team expansion.
"More digital businesses are looking to incorporate payments into their existing user experience but either don’t have the expertise or the resources. Modulr is well-positioned to be an enabler of this trend and will undoubtably expand end-users’ access to fast, reliable and secure financial services. We look forward to working with Modulr as it helps to powers the next generation of digital businesses."
Sumitomo Mitsui Banking Corporation has invested £22.4m in OakNorth through a secondary share purchase.
"SMBC continues to transform itself to adopt to changes in society and the economy. This partnership and investment is a clear demonstration of SMBC’s commitment to define the commercial banking model of the future and become the leading choice for businesses around the globe. Like us, SMBC wishes to create a better borrowing experience for businesses."
GB & Partners Investment Management acquired majority ownership in the financial service provider through its EXIM Cross-border Fund.
"The flexible, trustworthy and innovative financial solutions of DiPocket are able to help Hungarian companies enter international markets, and also to strengthen their domestic positions"
