Hello Fintech Friends,
We’re in the home stretch to Stablecon EMEA!
Stablecoins are redefining the operating system of fintech; come hear from leaders like,
Olugbenga “GB” Agboola, FOUNDER, CEO of Flutterwave
Sabih Behzad, Head of Digital Assets and Currencies Transformation at Deutsche Bank
Gbenga Ajayi, Head of Africa and Middle East at QED Investors
Maike Hornung, Head of Crypto Europe at Visa
Jess Houlgrave, CEO of WalletConnect
Please find another week of financing events below!
Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm
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News coverage written and provided by Rachel Chang.
Stat of the Week
Synthetic identity fraud now costs banks $6 billion a year, making it the fastest-growing financial crime in the US. Criminals are able to exploit personal data breaches to fabricate “Frankenstein IDs” from stolen data and credential-stuffing software that can test thousands of accounts in minutes — according to Plaid + MIT Technology Review Insights, "Battling Next-Gen Financial Fraud”
Venture Financing
GeoWealth raised $42.5 million from Goldman Sachs extending its Series C, to grow its turnkey asset management platform (TAMP) for registered investment advisors.
Spade raised $40 million in Series B to expand its data and AI platform transforming how financial institutions use transaction data.
Glimpse raised $35 million in Series A funding led by Andreessen Horowitz, to scale its platform that helps retailers automate financial deduction processes.
Worth raised $30 million in Series A funding led by Fulcrum Equity Partners with Amex Ventures and TTV Capital, to scale its platform modernizing onboarding and underwriting SMB for financial institutions.
Azos raised $24 million in Series C funding to expand its individual life insurance platform in Brazil.
Ironlight raised $21 million in Series A funding from Wall Street and institutional investors, to build regulated tokenized securities infrastructure.
dtcpay raised $10 million in Series A to expand its regulated stablecoin payments infrastructure and accelerate its European market entry.
littlefish raised $9.5 million in Series A funding to scale its merchant operating system across more than 10 African markets.
Theia Insights raised $8 million in Series A funding to grow its dynamic industry classification and market intelligence layer used by asset managers, index providers, hedge funds, and banks.
Earth Blox raised £6 million (~$8 million) to expand its AI-powered analytics platforms, helping companies quantify climate and nature risk on assets, supply chains and investment decisions.
Talino raised $7.5 million in Series A funding led by Chemonics International, to launch a global fintech foundry for cross-border payments.
Payy raised $6 million in seed funding to build a stablecoin payment network focused on private transactions using zero-knowledge proofs.
Steward raised $5 million to build an AI-native AML compliance platform purpose-built for investment services.
Gangkhar raised $4.25 million seed funding to power its AI-native embedded insurance protection platform and expand globally.
M1X Global raised $3 million to scale its on-chain sovereign finance infrastructure platform enabling governments to issue and manage financial instruments natively on-chain.
Topograph raised €2 million (~$2.3 million) seed funding to expand its B2B compliance data infrastructure providing access to official business registers across 40 markets.
TradingHub raised an undisclosed amount to accelerate growth of its trade surveillance technology platform for financial institutions globally.
