Fundraises

Crypto millionaires grow 40% YoY (TWIF 10/11)

Banff, Canada

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Stat of the Week

There are now a record 241,700 crypto millionaires worldwide, a 40% Y0Y increase, according to a new report by Henley & Partners.

Venture Financing

Polymarket raised an investment of $2 billion from ICE (Intercontinental Exchange), the $90 billion parent of the NYSE, bringing prediction markets into the financial mainstream.
DualEntry raised $90 million in Series A to modernize ERP systems with AI, automating financial workflows for mid-sized businesses.
Meanwhile raised $82 million to expand its Bitcoin-denominated life insurance products through institutional partners.
Feedzai raised $75 million at a valuation above $2 billion to expand its AI-native platform that helps financial institutions detect and prevent fraud, scams, and money laundering.
Routefusion raised $26.5 million in Series A to expand its global cross-border payments infrastructure, making international payments more reliable and transparent.
Coinflow Labs raised $25 million in Series A to accelerate adoption of its unified global pay-in and payout infrastructure with instant stablecoin settlement.
Aiprise raised $12.5 million to help businesses streamline Know Your Customer (KYC) and Know Your Business (KYB) processes.
Akua raised $8.5 million in seed funding to build payments infrastructure in Latin America.
Chip raised £6 million (~$7.5 million) at a £208 million valuation to grow its UK digital wealth app.
Agio Ratings raised $6 million to expand its digital asset risk management tools and broaden the scope of its risk ratings.
Focal raised $5 million in seed funding to accelerate the expansion of its AI-powered productivity platform for financial advisors.
Vilja raised SEK 40 million (~$4 million) to grow its cloud-based core banking platform beyond the Nordic region.
BVNK received a strategic investment from Citi Ventures to scale its global stablecoin infrastructure, which processes over $20 billion annually for regulated enterprises.
JS Group received an undisclosed investment from NatWest to reshape financial support offerings for students in the higher education sector.

Debt Financing

Younited raised €400 million (~$464.5 million) through a warehouse financing facility with U.S. bank Citi to support its personal loans and credit business across Europe.
Teylor raised €150 million (~$174.3 million) from Fasanara Capital to accelerate its SME financing and factoring operations across Europe.

Venture Funds

Crystal Venture Partners raised $33 million for its debut fund led by a former insurance executive, focusing on AI-driven startups for insurance.
Lisk raised $15 million for its EMpower Fund to back post-incubation Web3 founders in Africa, Latin America, and Southeast Asia.
Sterling Brokers received an undisclosed amount from HGGC to expand its insurance and employee benefits brokerage presence in Canada.

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