Fundraises

AI boom fuels 9% jump in London fintech jobs (TWIF 10/18)

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Ribbit Capital invested in a total 3 fintechs this week, adding up to half a billion (~$530M) in investments: Deel ($300M), Upgrade ($165M), and Campfire ($65M).

Please find another week of fintech financing events below.

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News coverage written and provided by Rachel Chang.

Stat of the Week

London saw a 9% YoY increase in financial sector job vacancies in Q3, driven by rising AI demand among fintech companies.

Venture Financing

Deel raised $300 million to scale its payroll infrastructure in over 100 countries by 2029, bringing its valuation to $17.3 billion.
Upgrade raised $165 million to expand its consumer finance platform, reaching a $7.3 billion valuation with targets to IPO in 12 to 18 months.
Campfire raised $65 million in Series B to scale its ERP platform using a new proprietary large accounting model.
Liberate raised $50 million in Series B round to scale its agentic AI deployments across insurers and agencies worldwide, at a $300 million valuation.
Nova Credit raised $35 million in Series D funding to accelerate expansion of its cash-flow underwriting platform.
Resistant AI raised $25 million in Series B to expand its AI-driven fraud and financial-crime monitoring offerings.
Clove raised $14 million in pre-seed funding to advance development of its wealthtech advisory platform and grow its team.
GoodScore raised $13 million to strengthen its AI-led credit-scoring tools and credit marketplace in India.
Ryder raised $3.2 million in seed funding from tech investor Tim Draper to expand its crypto hardware wallet in the Philippines.
CoinDCX, a Mumbai-based crypto exchange, raised an undisclosed amount from Coinbase at a $2.45 billion post-money valuation.

Debt Financing

Creditstar raised $10 million, bringing its total facility with Kilde to $20 million, to scale its lending portfolio across eight European markets.

Venture Funds

Artha India Ventures raised ₹250 crore (~$30 million) in the first close of its Micro VC Fund II to invest in early-stage fintech and tech startups across India.