Hello Fintech Friends,
We've got some great new content to start your weekend:
Our monthly China overview 👇
Our Signals Outlook Survey for Winter '23: "When we gather again in 2024, will the picture be as grim? We asked experts as well as the broader community, and the answer depends on who you ask and which sector or region you’re asking about."
And, for those of you in South Africa, probably our nicest Fintech Happy Hour venue yet!
Tickets still on sale for the @twifintech x @Yoco_ZA happy hour in Cape Town next week 🥳 pic.twitter.com/6x7DI1pkFp— Wiza Jalakasi (@wizaj) November 10, 2023
On behalf of our friend Matthew Goldman, we'd also like to share the new Credit-Cards-as-a-Service Market Analysis (use code twif for a $200 discount):
Dive into the comprehensive guide that demystifies the world of credit card programs. Whether you're an established business or a budding entrepreneur, this report offers invaluable insights into the intricacies of launching and managing a credit card program. From understanding the complexities of traditional credit card issuance to the innovative Credit-Cards-as-a-Service (CCaaS) model, this guide equips you with the knowledge to make informed decisions. Learn about the key players in the industry, the roles they play, and the trade-offs involved in different approaches. Our aim? To empower you with the tools and insights needed for a swift program launch and confident long-term decision-making. Don't miss out on this opportunity to gain a competitive edge in the ever-evolving financial landscape.
Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)
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💸 Venture Financing
Enable, a B2B platform for managing rebates, raised $120 million at a $1 billion pre-money valuation.
Volante, low-code cloud payments service provider used by 150 banks, raised $66 million.
Black Ore, a builder of autonomous tax-prep for CPAs and Accounting Firms, raised $60 million.
Qomodo, an Italian suite of smart payment solutions to physical retailers, raised a €34.5 million pre-seed round.
Finkargo, a LatAm small business trade platform, raised a $20 million Series A.
Arch, a digital admin for private investments, raised a $20 million Series A.
Summer, a platform to buy and rent vacation homes, raised an $18 million round and a $50 million debt facility.
Goodvest, a savings platform that finances companies commmitted to climate, raised €10 million
Almond FinTech, a fiat-to-digital currency bridge, raised $7 million.
EduFi, a Singaporean student loan platform (screenshot below), raised a $6.1 million pre-seed.
Llama, a platform for on-chain governance and access control, raised $6 million.
Performativ, a Danish wealth management tech provider, raised a €5.5 million seed round.
Greenlite, an anti-money laundering software provider, raised a $4.8 million seed round.
Mogul, a real estate investment marketplace, raised $3.6 million in seed funding.
Due, a payment startup built on decentralized rails, raised a $3.3 million seed round.
Prosper, a low-fee wealth management app, raised a £3.2 million pre-seed.
Era, a next-generation personal financial management app, raised $3.1 million.
Sock, a self-custodial investment app, raised a $2.8 million seed round.
Eilla, an AI-enabled financial research and analysis platform, raised $1.5 million.
Diesta, an automated payment platform for UK insurance, raised £1.5 million.
My Easy Transfer, a Tunisian remittances app, raised €400,000.
💵 Debt Financing
Viably, a working capital solution for e-commerce businesses, secured $50 million in debt capital.
💰 Venture Funds
Standard Chartered's venture arm joined forces with Japan's SBI Holdings to set up a $100 million digital asset joint venture investment company in the UAE.
We're down to our last tranche of tickets for the Fintech Formal, so we hope to see you there!
Announcing this year's Fintech Formal venue, the McKittrick Hotel in Chelasea!
Last tranche of tickets now for sale at https://t.co/tisCDlUVH7 https://t.co/RkglRIEvYA— This Week in Fintech (@twifintech) November 10, 2023
