Hello Fintech Friends,

Fintech startups disclosed almost $350 million in new fundraises over the past week, lead by Employment Hero, an HR and payroll platform out of Australia, and YouTrip, a Singaporean provider of a personal and corporate travel card.

We were also excited to see two of The Fintech Fund's portfolio companies, Themis and Minerva, "hand-picked as Startups with the Money20/20 stamp of approval that we believe will shape the future of our industry."

You can learn more about their suite of next-gen compliance tools at themis.com and gominerva.com.

Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)

Plannery, a financial wellness platform for healthcare workers, was on a mission to serve America's 22 million caretakers. But to help employees develop a path out of debt, they needed to show them how much they owed across accounts and make it easy to repay.

Method’s Connect API allows users to link all liability accounts at once by simply verifying their identity. Real-time credit card balances, due dates, and APRs allowed Plannery to build a delightful, intuitive experience where users can gain full transparency of their financial obligations. Coupled with Method's Payment API, users experience frictionless repayment and balance transfer processes, thereby streamlining their journey towards financial wellness.

By partnering with Method for real-time liability data and payment infrastructure, Plannery has consolidated $2M+ in debt since its launch in 2022. 

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If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us). Are you a fintech angel investor? Come join our syndicate.

📊 Stat of the Week

“The volume of Open Banking payments in the UK doubled in the first half of 2023, compared to the first six months of 2022, with a record 9.7 million payments made in June.” (Source)

“A major cyber attack on a systemic payments system could cost the world economy $3.5 trillion.” (Source)

“UK consumers lost over £580 million to scams in the first half of 2023.” (Source)

💸 Venture Financing

1. Employment Hero, an Australian recruitment, HR and payroll platform, secured an AUD $263 million ($167 million) Series F.
2. YouTrip, a Singaporean multi-currency wallet that allows consumers and businesses to reduce fees for international travel, raised a $50 million Series B.
3. Blockaid, an Israeli service for identifying ‘nefarious’ fraudulent and non-compliant crypto wallets, raised a $33 million Series A.
4. Omnidian, a solar lender for commercial and residential installations, raised $25 million.
5. Ternary, a cloud spend management startup, raised a $12 million Series A.
6. Aleph, a next-gen financial planning and analysis platform, raised an $11.5 million Series A.
7. Triple-A, a global digital currency payments app out of Southeast Asia, created by the Thunes founder, raised a $10 million Series A.
8. Finerio, a South American provider of open banking for personalized financial products and services, raised $6.5 million.
9. Nocturne Labs, an on-chain privacy protocol, raised a $6 million seed round.
10. Lunr, a fintech provider of inventory financing for emerging retail brands, raised $6 million.
11. Kota, an Irish platform for managing employee benefits, raised €5 million in seed funding.
12. Prism Data*, the spinout from Petal building a cash flow underwriting and data analytics platform, raised $5 million in seed funding.
13. Hiive, a marketplace to buy and sell shares of private tech companies, raised $4.2 million.
14. Ctrl Alt, a provider of alternative asset investing tools, raised $2.7 million.
15. Clearpool, a DeFi credit marketplace, received a $205,000 grant.

💵 Debt Financing

• Uncapped, a European lender of capital from £10,000 to £10 million for online businesses, secured a €230 million credit facility.

💰 Venture Funds

• Leapfrog aims to raise $1 billion for a new growth fund targeting financial services in Africa and Asia.
• Flourish Ventures raised $350 million in new capital to invest in fintech with a purpose across the US and emerging markets.

Pssst - if you like early-stage fintech investing, come join our angel syndicate.