The Front Page of Global Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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Monzo raising at a £4 billion valuation (TWIF 2/24)

Monzo raising at a £4 billion valuation (TWIF 2/24)
Breckenridge, CO

Today's writeup brought to you by Destiny.xyz.

Hello Fintech Friends,

🎧 If you didn't get a chance to listen to Julie VerHage-Greenberg's great interview with FT Partners' Steve McLaughlin and Bain Capital Ventures' Matt Harris, the first of our Fintech OG series, give it a listen!

🎧The Fintech OG Series Debut: Matt Harris and Steve McLaughlin
After 4 months of recording the FinTech OG series, it’s here! We are kicking it off with Matt Harris of Bain Capital Ventures and Steve McLaughlin of FT Partners, diving into everything from how they got into Fintech, biggest lessons, and if fintech is still a good place to join.

🍻 For those of you coming to Fintech Meetup and New York Fintech Week, will we see you there?

TWIF Vegas Happy Hour with Gainbridge · Luma
Who: Gainbridge and Fintech’s best operators, investors, and founders What: Fintech Happy Hour with an open bar & light bites Where: Restaurant & Bar in The Venetian Resort, Las…
TWIF NYC Fintech Week Kickoff Party · Luma
Who: Method, Spade and Fintech’s best operators, investors, and founders What: NYC Fintech Week Kickoff Happy Hour with an open bar & light bites Where: TBD When: Monday, April 8th at…

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


📺
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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 amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1 trillion (source).

Interesting new data from Pitchbook, presented by Fortune, shows that enterprise fintech soaked up about 70% of VC funding in the space in 2023. “Consumer fintech is especially going through a pullback as enterprise fintech soaks up whatever venture dollars are out there–in 2023, enterprise fintech startups secured 70.1% of fintech venture capital, up from 40.6% in 2019.”

💸 Venture Financing
  • Eigenlayer, a DeFi service that provides developers with access to the Ethereum staked capital base and decentralized validator, raised $100 million.
  • Simetrik, a provider of B2B CFO tooling (pictured below), raised a $55 million Series B.
  • Napier, a UK provider of AI-enhanced financial crime and regulation technology, raised £45 million.
  • Dub, a copy-trading platform that allows everyday investors to replicate the portfolios of emerging investment managers, raised $17 million of seed funding, including $2 million of venture debt.
  • Zūm Rails, a profitable montreal-based payments platform that seeks to merge open banking with instant payments, raised a C$10.5 million Series A.
  • Tifin, an AI-powered technology businesses in the asset and wealth management industry, raised $10 million.
  • Pulsate, a provider of mobile-first engagement solutions that deepen digital banking relationships, raised a $7.75 million Series A.
  • Blueprint Finance, the builder of an on-chain credit market, raised $7.5 million.
  • Eli Technologies, a startup helping with home electrification financing, raised a $6.8 million seed round.
  • Monite, a German embedded payments provider, raised $6 million.Dan
  • spektr, a Danish due diligence platform for investors, raised a €5 million seed round.
  • FinPilot, an AI fintech platform for financial analysts, raised $4 million in seed funding.
  • Atlas, a tool to help global companies to manage their contractor benefits from one place, raised a $2.75 million seed round and extension.
  • Citrea, a development platform built on top of bitcoin, raised a $2.7 million seed.
  • Buildstock, a B2B marketplace and fintech platform for construction materials, raised a $1.6 million pre-seed.
  • Exponential Markets, which creates derivatives to protect investors from volatility, raised strategic funding from Citi.
  • Pave, a credit-scoring and attribute platform for lenders, raised money from Ark.
  • Januar ApS, a financial infrastructure provider for crypto businesses, raised a seed extension.
  • Seccl, an embedded investment platform, raised additional funding from Octopus as founders Dave Harvey and Hugo Thorman left the business.
  • Monzo, the UK neobank with 9 million customers, is raising as much as £350 million of new funding funding at a valuation between £3.5 and £4 billion.
Simetrik, payments infrastructure

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