Ark Kapital, Credix and Nokkel

This week’s Friday hands-on funding roundup features three European fintech start-ups – Ark Kapital, Credix and Nokkel.

Swedish fintech start-up Capital Arch got a supplement 15 million euros financing, just six months after the closing of its funding round of 165 million euros.

Ark Kapital receives additional funding

The round was led by investor Annika Falkengren with participation from all previous angel and seed investors.

The additional money brings the company’s total seed capital raised to €30 million and expands its lending capacity to €300 million.

The startup says the funds will be used to improve its ability to onboard more customers.

Founded in the summer of 2021 and launched in November of the same year, Ark Kapital offers non-dilutive loans to technology companies to help them grow their businesses and provides growth analytics through its machine learning platform.

Through the platform, clients can access five-year forecasts and access loans between 1 and 10 million euros over a period of up to seven years, with repayments not starting for two to three years.

Crypto platform Credit pocketed $11.25 million in a Series A funding round led by Motive Partners and ParaFi Capital.

New investors participating in the round include Valor Capital Group, MGG Investment Group, Victory Park Capital Advisors, Circle, Fuse Capital and Abra.

With this new funding, Credix hopes to expand into new markets and scale its platform.

Based in Belgium and operating in Brazil, Credix connects institutional investors with emerging market fintechs.

Its platform enables fintech companies and non-bank lenders to convert their real receivables and assets into investment capital.

“All funding happens on-chain using USDC and smart contracts, creating instant efficiencies, settlement, and more transparency,” says Credix CEO Thomas Bohner.

The new round follows Credix’s $2.5 million seed funding in December 2021.

UK based proptech company Nokkel raised a undisclosed sum of FNZ in a Series A funding round.


Nokkel Raises Series A Funding

Along with the new funding, the two companies have forged a partnership where Nokkel’s solutions will be integrated into FNZ’s global wealth management platform.

With the integration, the companies say financial institutions will be able to offer customers a “more holistic” view of their entire asset portfolio and net worth.

Based in London, Nokkel offers a free platform that aggregates real estate market information and allows buyers and owners to communicate directly.

It provides owners with the information they need, including valuation, to make decisions about their properties. It also helps buyers find off-market properties and connect with potential sellers.

“For many of us, our home is our most valuable asset – and one of the only assets over which we can influence its value – and it shouldn’t be a portfolio afterthought,” says Adrian Durham, CEO and founder of FNZ.

“By investing in Nokkel, we want to offer greater control and transparency over this asset, in line with what we have over our bank accounts, investments and pensions.

“The objective is to enable our clients to better capture this asset class by enabling them to deliver personalized financial advice and a set of solutions to as many people as possible, in the service of our mission of opening up wealth.”

Nokkel aims to use the funding to grow its team and further develop its platform.

Mary I. Bruner