The investment round was co-led by Nyca Partners and QED Investors to support international expansion and product development.
"Though the card networks have built extremely robust infrastructure, alternative payment methods are evolving and consumer choice will be driven by value. Our goal at Fidel is to supercharge innovation by empowering everyone in the ecosystem. By making it easy for developers to build on top of the infrastructure, the card networks stay relevant. By removing the barriers to entry for developers, applications can be brought to market more quickly. That drives value back to consumers, who get the same benefits and user experience they are used to receiving with other online services."
The financing from Paragon will support the guarantor lender in pursuing its growth plans.
"It is extremely rewarding to be able to help UK Credit with additional financing and support the company in its next phase of growth. We are delighted to be working alongside another excellent management team which has successfully built a market leading franchise."
— Lewis Fitzsimons, Senior Director – Structured Lending
The London-based education platform has raised Series A backing from Brighteye Ventures to expand its footprint.
"UK schools are under an immense amount of financial pressure right now, that's why we're committed to cutting down supply cover costs significantly so they can spend more on what matters – the children- not on agency fees,"
The Series A round was led by Tencent with participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.
"Today’s announcement amplifies our commitment to global markets, whilst fuelling our industry momentum as we continue to build Everledger. Having this strong investor cohort join us at this stage in our development is both validation of the innovation we’ve displayed to date, and a statement of future intent. They will support us in bringing more visibility to good business practices in industries that impact millions, if not billions of people in developing countries."
