The strategic equity funding supports a partnership to modernise employee benefits.
"This marks a pivotal moment for Onsi as we work together with Zurich to reshape the future of employee benefits. We are poised to create a game-changing experience for employers and their workforce. By creating a more personalized and intuitive approach to benefits, we aim to empower individuals to make informed decisions, enhance their financial resilience, and succeed in the rapidly changing future of work."
The funding round was led by AlbionVC with participation from a16z Crypto and CMCC Global.
"Stablecoins play a critical role in the crypto ecosystem, bridging that gap between digital assets and traditional finance. As the crypto ecosystem continues to mature, our technology empowers fintechs and exchanges to offer stablecoin yield products that are seamlessly integrated, safe and fast, matching high demand levels. This funding allows us to continue on our growth trajectory, building products for some of the biggest and most important leaders in the space. The caliber and experience of our partners is testament to the solutions we’ve built and the fantastic team we’ve got here at OpenTrade. Onwards and upwards."
The financing round was backed by new institutional investors and existing shareholders to support international expansion and talent acquisition.
"Founded with the vision of modernising in-person commerce, we were able to generate significant value for leading brands in real time. This Series A financing is a testament to our team and validation of our vision as we continue to invest internationally for talent across the UK, continental Europe, Hong Kong, and Singapore while building further strategic partnerships to enhance our product offering"
The London-based SaaS and fintech platform raised the funds from General Catalyst, Morpheus Ventures and Repeat to further develop its technology stack.
"Goodstack enables its customers to serve all stakeholders—employees, customers, and communities—by supporting nonprofits and charitable giving. The validation and trust that partners like LinkedIn and Canva have in Goodstack is a powerful testament to the company’s value, and combined with strong leadership, positions Goodstack well for continued success."
The Series A round was led by Apollo and Motive to expand the alternative asset management platform.
"We have reached an inflection point where alternative asset managers now need their own operating system to power the industry’s next growth phase. We are thrilled to welcome Apollo as an enterprise-scale client and investor as we bring a new standard to the alternative asset management space. We purpose-built Vega AltOS to meet the complex client infrastructure needs of high growth, private markets asset managers. Similar to our experience in the core banking and payments revolution, demand and volumes across all client channels for private markets investments have outstripped the industry’s infrastructure of generic, sub-scale point solutions. We are excited to partner with Apollo and Motive to innovate and solve this industry challenge. Apollo’s contribution of Edna – one of the largest alternative employee investment platforms in the market – accelerates Vega’s AltOS vision for GPs. Edna was incubated at Apollo, in partnership with Motive, and epitomizes the innovative approach to global wealth solutions at Apollo. We are excited to continue expanding our range of GP solutions with the addition of Edna’s employee investment capabilities."
