Fundz

Fintech Company Transigo Scores $70 Million Funding Facility To Drive

PRIVATEDec 29, 2021

Amount Raised

$70 Million

Round Type

Funding Round

ChinaOtherFinancial ServicesSoftwareTransportation

Description

Fintech company Transigo, a provider of SaaS software that enables cross-border B2B marketplaces to provide point-of-sale financing to its buyers, announced today it had successfully secured a $70 million funding facility from two publicly listed companies in Israel. This facility will allow Transigo to expand its point-of-sale SaaS platform to major B2B marketplaces in Asia in the first quarter of 2022.

Quick answer

Transigo raised $70 Million in a Funding Round round, dated December 29, 2021. Transigo is based in China.

How much did Transigo raise?
Transigo raised $70 Million in a Funding Round round on December 29, 2021.
What does Transigo do?
Founded in 2018 and based in Haifa, Israel, Richmond, Virginia, and Hong Kong.
Where is Transigo based and how big is it?
Transigo is based in China.

Source: Fundz verified event record.

Who else raised in Financial Services and Transportation around the same time

Companies in the same sectors as Transigo that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Wayve Technologies Limited raised $200M (Funding Round) on January 18, 2022.
  • Palm Studio raised $27M (Series B) on December 9, 2021.
  • Sustainability raised an undisclosed amount (Funding Round) on November 22, 2021.
  • FNZ Switzerland SA raised an undisclosed amount on February 11, 2022.

Who to call at Transigo, and when

A new round usually means Transigo is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Transigo raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Transigo

Location

China

About

Founded in 2018 and based in Haifa, Israel, Richmond, Virginia, and Hong Kong. Transigo (https://www.transigo.io/) helps cross-border B2B marketplaces scale by offering point-of-sale financing to their customers at zero risk to the marketplaces. Transigo counts among its investors entrepreneurs which have successfully co-founded startups that have gone public and reached multi-billion-dollar valuations. Cautionary Note Regarding Forward Looking Statements Certain disclosure in this release, including statements regarding the increased or continued industry interest in Transigo's product, future growth, the timing of additional activity on the platform and the related creation of economic value constitute forward-looking statements. In making the forward-looking statements in this release, Transigo has applied certain factors and assumptions that are based on Transigo's current beliefs as well as assumptions made by and information currently available to Transigo, including, but not limited to, Transigo's product continuing to operate as expected, the industry continuing to see value in Transigo's product and the ability of customers to complete additional activity on the platform. Although Transigo considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including delays to additional activity and adoption of the platform. Readers are cautioned not to place undue reliance on forward-looking statements. Transigo does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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