Hello Fintech Friends,
I'd love to see you in-person this fintech season! I'll be at Finovate in NYC next week, at our fintech coffee and evening happy hour events.
And then in SF for TechCrunch Disrupt the week following, and at our happy hour with Core, i80, PacWest, and Method.
Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)
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📊 Stat of the Week
Germany faces €206 billion in cybercrime and digital theft costs this year. (Source)
💸 Venture Financing
Ingsai Finance, a high frequency and algorithmic trading provider, raised $80 Million.
ThetaRay, a secure global payments provider, raised $57 million.
Certa, a third-party management platform for financial services providers, raised a $35 million Series B.
Brine Fi, an Indian decentralized crypto exchange, raised $16.5 million.
Momnt, an embedded lending provider, raised $15 million.
GenTwo, a Swiss asset securitization platform, raised €13.9 million.
myZoi, a financial services provider for low-income immigrants in the UAE, raised $14 million.
TradeTeq, a UK-based trade finance distribution platform, raised $12.5 million.
Treyd, a Swedish supplier payment solutions provider, raised $12 million to bring its round to $25 million.
Strise, an anti-money laundering provider, raised a $10.8 million Series A.
Trident Digital Group, a digital asset lender in Connecticut, raised $8 million in seed funding.
Opna, a carbon removal investment platform, raised £5.2 million.
FirstCard, a card and spend provider for college students, raised a $4.7 million seed round.
Numeral, a high-volume accounting ledger for businesses, raised a $3 million seed round.
Anchor, a Nigerian embedded financing provider, raised $2.4 million.
Syscap, a Mexican private credit platform, raised $2.3 million in seed funding.
Givzey, a platform for fundraising gift agreements, raised a $2.1 million seed round.
Kotani, a Kenyan crypto-based remittances provider, raised a $2 million pre-seed.
💵 Debt Financing
Consumer brand financial solutions provider Ampla* raised a $258m credit warehouse from Goldman Sachs and Atalaya Capital Management.
Upon reflection, the fact that startups were raising VC $ and then turning around and investing those $ into other startups was one of the wilder things during peak market craziness
Examples:
* @stripe did 21 investments in 2021
* @coinbase / Coinbase Ventures did 138… pic.twitter.com/DZ776c84la— Anand Sanwal (@asanwal) September 7, 2023
