Hearst Ventures led the seed round for the account-to-account payment specialist.
"The global financial ecosystem is moving rapidly away from traditional payments systems and towards open banking and real-time payments. Vyne sits at the bleeding edge of this revolution, by improving the payment experience for all stakeholders. The team’s commercial success is testament to their expertise and commitment to innovation, and we’re delighted to be supporting their continued growth."
Coatue led the Series D round, which will fund platform expansion and strategic acquisitions.
"The demand for online payments has skyrocketed following the restrictions due to the effects of COVID, and as a company, we are well placed to provide businesses across the globe with the solutions they need and to get them up and running fast,"
The Cambridge-founded legal tech company has secured £7.5m from Octopus Ventures and existing backers to scale its US presence and sales operations.
"To receive this investment in the current climate is testament to the relevance of ThoughtRiver’s technology, when across the globe, businesses are looking to do more with less."
Oak HC/FT led the financing round, which will fund network expansion and product development.
"Global commerce is at a critical inflection point as businesses are pressed to launch new applications, process and accept local payment methods, disburse funds, and manage risk and compliance so they can offer highly localized customer experiences without having to build their own infrastructure. The expectation today is that this must happen around the world in order to drive growth into new markets. As more than half of all transactions worldwide are facilitated via bank transfers and cash, merchants find it increasingly difficult to digitally enable local payment methods and process cross-border sales that are required for international expansion."
The round was led by dmg ventures, Stride, Octopus Ventures, and Entrée Capital to support team growth and operational expansion.
"We are delighted to have closed this further funding round, giving us significant firepower to fuel our growth after we launch later this year. We are assembling a world-class team and looking forward to transforming the used car market by delivering UK consumers the best car buying experience in terms of selection, value, quality and convenience."
The pre-seed investment was led by DMG Ventures with participation from Stride Capital, Octopus Ventures and Entree Capital to fund team expansion and operational growth.
"I’m delighted to announce this investment in my latest venture, Cazoo, and am very excited by the opportunity to transform the used car buying experience, which suffers from poor satisfaction and convenience and is failing to meet the needs of consumers. Buying a car should be no different to buying any other product online today."
