Hello Fintech Friends,

Welcome to the dog days of summer!

Please find another week of fintech financing events below.

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

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📊 Stat of the Week

Synchrony, a major U.S. credit card issuer, reported earnings showing that U.S. consumers remain in relatively strong financial health—as long as inflation stays under control.

The World Bank also released its Global Findex report, which showed that 40% of adults in developing economies saved money in a financial account in 2024, up 16% since 2021.

The Global Findex Database 2025

The Global Findex Database is the world’s only demand-side survey on financial inclusion and a leading source of data on how adults around the world access and use financial services.

World Bank GroupWorld Bank Group

💸 Venture Financing

• Quavo, a provider of automated dispute management software for financial institutions, secured a $300M growth investment.
• Viva Finance, a fintech platform offering payroll-linked personal loans, landed $220M to expand access to credit across the U.S.
• Xelix, which builds AI-powered accounts payable software for enterprises, raised $160M in Series B funding.
• Vanta, a trust management platform for security and compliance automation, raised $150M in Series D funding at a $4.15B valuation.
• Boulevard, a payments and business management platform for salons, spas, and self-care services, raised $80M to fuel the self-care boom driven by Botox and GLP-1s.
• April, which embeds tax filing capabilities into financial platforms, raised $38M in Series B funding.
• BetterComp, a platform for managing employee compensation programs, raised $33M to expand its compensation management tools.
• Qlub, a restaurant payment and ordering startup, raised $30M to fund global expansion.
• Lightyear, an investment app for global stock trading, raised $28M to capitalize on AI-driven investment features.
• Paddle, which provides billing and payments infrastructure for SaaS companies, raised $25M in growth funding from CIBC Innovation Banking.
• Alix, a digital estate settlement platform, secured $20M in Series A funding to transform post-death financial processes.
• Monet, a UK-based financial co-pilot for media agencies, managing campaigns, accessing funding, running payroll and admin, attracted £17M from backers including a co-founder of Monzo and Starling Bank.
• Connectd, a platform supporting flexible and fractional tech careers, raised $7M to expand support for fractional employment models.
• Credibur, a Spanish fintech offering consumer credit scoring and lending services, emerged from stealth with €1.8M in pre-seed funding.
• Receive, which provides a white-labeled prepaid Mastercard and rewards platform, raised a $4M seed round to launch its Titanium Boost card.
• Resistant AI, a fraud and document forgery detection startup, received investment from Experian to strengthen AI-powered financial security tools.
• Ramp, the corporate spend management platform, is reported to be in talks to raise new financing at a $21B valuation, up 30% from its June '26 round.