Hello Fintech Friends,
😮 Buried in all the stories about new fundraises this week was the secondary offering that global neobank Revolut did, which valued the company at $45 billion. Revolut is a giant, with over 45 million customers worldwide.
✈️ We have a busy fall around the world coming up, please join us in Dubai and Mexico City for our next fintech community events!
And speaking of Mexico City, our favorite LatAm VC, Gilgamesh Ventures, put together a great overview of the fintech companies with the biggest 'dynasties' of successful alums going on to found companies:
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
Dutch payment service provider Adyen is making inroads into the American market, reporting over $250 million in North American revenues in the first half of the year.
💸 Venture Financing
Worldwide Stablecoin Payment Network, a stablecoin provider founded by Visa and Paxos alums, raised a $30 million seed round.
Siepe, a software and services provider to the private credit industry, raised a $30 million Series B.
Finture, a European aggregator platform connecting customers to paylater services provided by banks, raised a nearly $30 million Series B.
Lettuce Financial, an automated tax accounting optimization provider, raised a $15 million Series A.
Efficient Capital Labs, a provider of revenue-based financing to SaaS companies in emerging markets, raised an $11 million Series A.
Resal, a Saudi e-gifting and payments platform, raised a $9 million Series A.
Skyfire AI, a payment network specifically for AI agents to make autonomous transactions, raised $8.5 million in seed funding.
Waza, a payment and liquidity platform for African businesses and traders to manage and pay their suppliers globally, raised an $8 million seed round.
PostEx, a Pakistani provider of financial and logistics services to online merchants, raised $7.3 million.
Swiipr, a payment platform for air travel distruptions, raised a £6 million Series A.
Holonym Foundation, an organization building digital identity security for the decentralized web, raised a $5.5 million seed round.
Workpay, a Kenyan provider of payroll and HR products, raised a $5 million Series A that included strategic backer Visa.
Your Money Line, an employee financial wellness provider, raised a $4.5 million Series A.
Thera, a payroll and payments startup that helps businesses pay international employees, raised a $4 million seed round.
TransBnk, an Indian transaction banking platform, raised a $4 million Series A.
Optiml, a platform for ESG-compliant assets, raised a $4 million pre-seed.
Thalex, a crypto derivatives exchange that partners with other exchanges, raised a €3 million Series A extension.
Kem, a Kuwaiti peer-to-peer payment app, raised $3 million from strategic investor Tether, who will partner with the platform to drive adoption of its stablecoin.
DMI Finance, an Indian shadow bank, plans to raise about $330 million from Japanese bank conglomerate MUFG at a $3 billion valuation.
Fintech funding overall has collapsed precipitously from 2021 / 2022. pic.twitter.com/l3AgLqWuHO— The Fintech Fund (@thefintechfund) August 22, 2024
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