Fintech companies still raised *checks notes* $40 billion last year (TWIF 1/14)

Fintech companies still raised *checks notes* $40 billion last year (TWIF 1/14)
Slim Aarons, Portofino 1977

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UK fintech funding overall fell by 8% in 2022, from $13.5 to $12.5 billion - but Scottish fintech was a brightpoint, with 200% growth in funding to £305 million.

💸 Venture Financing
  1. Xpansiv, an infrastructure provider for environmental investing markets, raised $125 million from backers including Bank of America and Goldman Sachs.
  2. Paytient, a health payment accounts provider, raised a $33 million Series B and $7.5 million in debt.
  3. Fractal Homes, a UK-based fractional home investing startup, raised a $30 million seed round.
  4. Butter Payments, a subscription payments provider to enterprise businesses, raised a $21.5 million Series A.
  5. Gynger, a lender to cover software purchases, raised $11.7 million in seed funding and $10 million in lending debt.
  6. The Easy Co, a social crypto wallet, raised $14.2 million in seed funding.
  7. Mondu, a German B2B payments provider, raised a $13 million Series A extension.
  8. 40Seas, an Israeli platform for cross-border trade finance, raised $11 million in seed funding and $100 million in lending debt.
  9. Penta, a Swiss small business banking startup, raised €3 million.
  10. Canary, a platform for enabling employers to set up emergency relief funds for workers, raised $2.9 million from Capital One.
  11. C14, a crypto on-ramp, raised $2.5 million in seed funding.
  12. Cryptiony, a Polish crypto tax automation provider, raised a €500k pre-seed to expand into the UK.
  13. AccessFintech, a capital markets software builder, raised additional funding from BNP Paribas.
  14. Stripe trimmed its internal valuation to $63 billion.
💰 Venture Funds
  • Mendoza Ventures, a female and Latinx-led fintech venture firm, raised the first $100 million of a fund anchored by Bank of America and Grasshopper Bank.