Dubai Investments has acquired a 9 percent stake in Monument Bank to support its international expansion and technology rollout.
"Investment in Monument Bank provides the Group a unique opportunity to foray into Digital Banking space in one of the most advanced and regulated markets at an early stage. The accelerated global shift to digital banking has been very positive for neobanks and the growth has been fueled by waves of customers who have embraced digital banking’s expanded product suite. With Monument Bank combining traditional and established banking products with innovative solutions, the Group is looking forward to be a part of the evolving and the continued growth phase of digital banks while expanding horizons and diversifying strategically."
Fuel Ventures led the seed round for the proptech start-up, which will use the capital for team expansion and product launch.
"property lawyers are in tight supply, and many law firms are reluctantly turning away business because they are struggling to recruit new talent. As a result, some law firms are looking at ways to use technology to increase their capacity whilst improving service. By supplying this data instantly, and in a more meaningful format than ever before, we are enabling, for some law firms, a 40% increase in capacity."
The financing follows previous backing from Pollen Street and aims to support the company fleet expansion.
"We’re grateful for the support of Pollen Street and CDPQ – it will turbocharge our UK growth plans and consolidate our position as the leading electric car subscription service. This is a pivotal moment for the adoption of electric cars, and at Onto, we want to make them more accessible and affordable to people who want to make environmentally-conscious choices. The opportunity to provide an alternative to car ownership has never been more desirable – our subscribers benefit from the convenience, flexibility, and choice of a monthly subscription model."
The round was led by Credo Ventures with backing from Concept Ventures and angel investors.
"The platform we’re launching now is all about turning text into top-quality spoken audio. We want to let people enjoy their favorite book or newsletter by giving a voice to all the authors, creators and developers who couldn’t afford one"
Base10 Partners led the round to support platform development and international expansion.
"While working in fashion, it became clear to me that e-commerce was the future, but 2D websites were merely a tool that enabled an online purchase, but were lacking the customer journey and story-telling that brands are after. The solution was to bridge that gap, with the aim of making virtual experiences into the future of brands’ long-term e-commerce strategy."
