Wise
Facts
- HQ
- United Kingdom
- Sectors
- Financial services, Fintech, Banking
- Stage
- Public
Olix raises $312M Series B at $3.3B valuation; plans AI optical processor products next year
UK chip startup Olix raised $312M in a Series B at a $3.3B valuation, more than tripling its valuation, and plans to deliver its first products next year while developing an optical digital processor for AI inference.
Dominion Dynamics Raises Largest Canadian Defence-Tech Series A but Eyes US Market Amid Domestic Contract Uncertainty
Ottawa-based Dominion Dynamics closed Canada's largest-ever defence-tech Series A funding amid a national push to boost domestic military capacity, but many Canadian defence firms still struggle to secure federal contracts. Dominion plans to open a US office amid uncertainty about winning its first contract domestically despite increased venture funding in 2026.
Slate raises CAD 1.3M pre-seed from N49P and North Exit Ventures to launch embedded lending platform for Canadian SMBs
Vancouver fintech Slate raised CAD 1.3 million in a pre-seed SAFE round from N49P and North Exit Ventures to build embedded lending infrastructure for Canadian platforms, using funds to develop product, underwriting and risk systems, and regulatory foundations while scaling its six-person team. Founded by Scott Elliot and Devin Picciolini in late 2025, Slate’s enterprise-grade lending platform is now live and targets SMB lending integration without platforms needing to build lending infrastructure from scratch.
Sports Loft gathers 2024 predictions from top sports investors—including Techstars, Ryan Sports Ventures, Edge VC and Sapphire Sport—on industry shifts and investment focus
Sports Loft surveyed leading sports and media investors and VCs for their 2024 expectations, collecting lessons from 2023 and predictions about where the industry will focus. Contributors emphasized disciplined investing, sustainable fundamentals, and shifting revenue strategies as key themes for the year ahead.
Tagboard Raises $2.3M Secondary for Series A to Reach $10.3M; West River Group, Spivy Private Capital and Sports Loft Join Investors; Anthony Bontrager Named to Board
Tagboard announced a $2.3 million secondary closing for its Series A, bringing the round to $10.3 million and adding West River Group, Spivy Private Capital and Sports Loft as investors while Anthony Bontrager joins the board. The cloud production platform says it serves over 600 media brands, powered 20 million stories last year, and highlights recent use in major 2022 broadcasts like the Super Bowl and Olympics.
Tagboard raises $8M to expand cloud live-production platform as Nathan Peterson becomes CEO
Seattle-area startup Tagboard raised $8 million to expand its cloud-based live production and graphics platform used by sports teams, broadcasters and media companies. The 40-person firm, which counts more than 600 clients including CNN, FOX and Telemundo, aims to replace legacy hardware and enable remote production after promoting Nathan Peterson to CEO.
Remitly prices IPO at $43, values company near $7B and raises $300M+ as shares debut on NASDAQ
Remitly, a 10-year-old mobile remittance company, priced its IPO at $43 per share valuing the firm near $7 billion and raised over $300 million in net proceeds as it began trading on NASDAQ; shares opened at $53 and closed at $48.45 on debut. CEO Matt Oppenheimer framed the IPO as a step in the company’s mission to simplify cross-border money transfers for immigrants and their families.
Remitly prices IPO at $43, valuing Seattle fintech at $6.9B; shares open $53, close $48.45 on NASDAQ RELY
Remitly priced its IPO at $43 per share, valuing the Seattle fintech at about $6.9 billion and raising over $300 million in net proceeds; the stock opened at $53 and closed at $48.45 on its NASDAQ debut under ticker RELY. The company, founded in 2011, reported $202 million revenue and a $9.2 million net loss in H1 and competes with firms like Wise.
Remitly files to raise up to $332.6M in IPO at roughly $6.5B valuation with $38–$42 price range
Remitly set IPO terms expecting to raise $284.6 million (up to $332.6 million with overallotment) at $38–$42 a share, valuing the Seattle fintech about $6.5 billion. The company reported $202M revenue and a $9.2M net loss in the first half of the year and competes with firms like Wise and Zepz.
Remitly files S-1 ahead of IPO after 2020 revenue doubles to $257M and $1.5B valuation
Remitly filed an S-1 ahead of a conventional IPO, reporting $257M revenue and a $32.5M net loss for 2020 and $202M revenue with a $9.2M loss in H1 of the current year, with a $1.5B valuation from a July funding round and roughly $16.1B in trailing 12-month send volume.
Remitly raises $85M, reaches $1.5B valuation as digital remittance demand spikes during COVID-19
Remitly, a Seattle-based digital remittance platform, raised $85 million in new funding, valuing the company at $1.5 billion as customer growth surged amid the COVID-19 pandemic.
Remitly reports 100% customer growth and 40% transaction-volume increase from Feb–Mar as COVID-19 drives digital remittances
Seattle remittance startup Remitly experienced rapid growth during the COVID-19 pandemic, with customer numbers up 100% and transaction volume up 40% from February to March, as users shifted to digital transfers while physical providers closed. CEO Matt Oppenheimer said the crisis accelerated the company’s mission to provide safe, mobile cross-border payments for immigrants supporting families abroad.
Sila raises $7.7M seed led by Madrona and Oregon Venture Fund to scale fintech infrastructure
Portland fintech startup Sila raised $7.7 million in a seed round led by Madrona Venture Group and Oregon Venture Fund to expand its API that lets developers add compliant banking and payment features. Led by CEO and Simple co-founder Shamir Karkal, Sila offers ACH processing, transfers, digital wallets, a built-in SILA stablecoin, tiered pricing, and partnerships with Plaid, Evolve Bank & Trust, and Alloy.
Remitly Raises $115M Led by Naspers’ PayU to Expand Digital Remittance Services, Hits $4B Annual Send Volume
Remitly is raising $115 million in a Series D round led by Naspers' PayU to expand its digital remittance services amid significant growth, increasing its annual send volume to nearly $4 billion. The company has expanded into seven new South American markets and the UK to better compete with traditional remittance providers.
