Hello Fintech Friends,

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I'm looking forward to hosting a 1:1 fireside with Cristina Junqueira, the co-founder of Nubank, next month at Fintech Nerdcon. It's the first conference that Nubank has spoken at in the US, and with the company's continued growth and product launches, it's rare to get their executives on-stage.

I have the pleasure to share that I'll be sitting down with Cristina Junqueira, Nubank's Co-Founder and Chief Growth Officer, on-stage at Fintech NerdCon in November. What topics should we… | Nik Milanović

I have the pleasure to share that I’ll be sitting down with Cristina Junqueira, Nubank’s Co-Founder and Chief Growth Officer, on-stage at Fintech NerdCon in November. What topics should we cover? Cristina was educated as an engineer, but went into a consulting role at Boston Consulting Group (BCG) that led her to Unibanco (which became Itaú Unibanco), where as the head of the small-and-medium-sized enterprises sector, she realized she was only “making the rich richer.” At the time, five banks controlled 80% of the Brazilian market. That was the kernel that sparked Nubank, the world’s largest neobank which today serves over 122 million customers. Let me know what questions we should cover!

LinkedInNik Milanović

What should we talk about? What's your #1 question for Cristina?

It's not too late to buy your ticket for Nerdcon, in Miami from Nov 19th to 20th.

I was also very excited for a few of our friends in the news this week:

• The team at Better Tomorrow Ventures raised a $140M Fund III to continue investing across the fintech ecosystem and running its best summer camp.
• The team at Baselane* raised a $34M Series B and launched Baselane Smart, a suite of AI-powered tools to give landlords greater control, efficiency, and insight into their rental property finances.

Please find another week of fintech financing events below.

- Nik

Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm

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News coverage written and provided by Rachel Chang.

Stat of the Week

VCs invested $220 million into 3 AI-native ERP companies in the past couple months.

Venture Financing

• 3 World Global raised $5 million to build global compliance and payment infrastructure.
• Baselane* raised $34 million in Series A and Series B to expand AI-powered tools that automate banking and bookkeeping for real estate investors.
• Bite Investments raised $25 million to scale its alternative investment platform, expand its team, and enhance services for asset managers and investors. 
• Flying Tulip raised $200 million in seed funding at a $1B token valuation to build an onchain exchange that spans "all of DeFi" — including spot, derivatives, lending, stablecoins, and insurance under one system.
• Ignosis raised $4 million to builds its Account Aggregator infrastructure and financial data intelligence solutions in India.
• Light raised $30 million in Series A to expand its AI-powered accounting automation platform to businesses in the US.
• Lunos AI raised $5 million pre-seed to build AI agents for accounts receivable and collections.
• Kanastra raised $30 million in Series B to grow private credit financing in Brazil. 
• Maximor raised $9 million in seed funding to expand its finance operations automation platform.
• Mesta raised $5.5 million in seed funding to redefine cross-border payments, accelerating growth for its global payment features and strengthening international teams
• Paid raised $21 million in seed funding to develop its AI-powered results-based billing platform, enabling developers to charge customers based on delivered outcomes.
• Remitee raised $20 million to scale its embedded remittance solutions in Argentina.
• Valor PayTech received a strategic investment from Lovell Minnick Partners to accelerate growth for its point-of sale software and payment technology.
• Viamericas raised $113.6 million to expand its global remittance network and enhance digital payment platforms across 95 countries.
• Yup raised $32 million in C-1 round to grow its neobank offering across Southeast Asia and improve mobile banking access.
• Zania raised $18 million in Series A to build out its agentic AI platform and transform compliance into an intelligent, real-time risk management system.

Debt Financing

• Triver raised £114 million (~$153 million) in combined equity and debt financing in Series A to expand its embedded invoice financing to small UK businesses.
• Ualett raised $150 million in a three-year debt facility from Thiele Capital Management to extend its cash-advance financing for gig workers and enter underserved geographies.
• Zippi raised $85 million reais (~$15.9 million) via a securitized structure to scale credit to micro-entrepreneurs and small companies in Brazil.

Venture Funds

• Better Tomorrow Ventures raised a $140 million third fund, planning to invest in 30 to 35 companies, with check sizes ranging from $500,000 to $3.5 million.
• Notion Capital raised $130 million for its third growth fund to back fintech and software companies at the venture and growth stages across Europe.