Hello Fintech Friends,
What a year in fintech we've already had. I can't believe we're only two weeks into 2025...
Thank you so much to everyone who replied to our Annual Reader Survey. I was surprised by how many (very helpful) responses we got. As promised, we have $100 to give away to a randomly selected respondent โ Fabiola Salazar, please let us know how we can get it to you!
We also got great comments in our Simple Reader Survey, which is open year-round for your feedback (and I personally check it).
If you missed it, yesterday we launched Stablecon, the largest global stablecoin conference, which will be in New York City on May 29th. 1,500+ attendees, 100+ speakers, 1 full day. You can see our press release here:
Our podcasts are also back to a great start! Julie hosted a lively, fun conversation with two OGs in the fintech investing space, Flourish Ventures Managing Partner Emmalyn Shaw and Homebrew + Screendoor Co-Founder Satya Patel:
And Sophie published our quarterly round-up, Signals, covering all the fundraises, exits, product launches, and stablecoin announcements of Q4:
Curious about our headline? Please find another week of interesting stats and fintech financing events below.
(๐๐ Have feedback for us? Let us know! Find me at @nikmilanovic, @twifintech, and @ndm)
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๐ Stat of the Week
At least half of all US consumers are now linked their information via Plaid. (From Plaidโs Revenue, Usage Rates Jump as CEO Sees โFintech Spring')
๐ธ Venture Financing
OnPayraised over $100 million in funding to expand its payroll and HR services.
Sygnumsecured$58 million, achieving unicorn status, to grow its crypto banking operations platform.
LemFiraised$53 million in Series B funding to expand remittances into new markets, particularly Asia and Europe.
Float Financialsecured$48.5 million in Series B funding to build out its Canadian business banking platform.
NomuPayraised$37 million at a valuation of $200 million to build payment infrastructure in underserved Asian markets.
Orchid Securityraised$36 million in seed funding to develop identity security solutions.
1Money Networkemerged from stealth with over $20 million in funding to build a stablecoin payments network.
Nsaveraised$18 million to grow US equities, ETFs and funds products for high-inflation countries.
ReShop, co-founded by an Afterpay founder, raised$17 million to offer instant refunds on returns.
DFNSraised$16 million to advance crypto wallet solutions with clients like Fidelity and Zodia.
Reecoraised$15 million to modernize hotel payment and procurement systems.
Reown (formerly WalletConnect) raised$13 million in Series B funding to enhance its on-chain user experience ecosystem.
Sydecar*raised$11 million for its venture fund administration platform.
Nilussecured$10 million to develop its treasury management fintech platform.
Hyperlineraised$10 million to enhance its automated billing solutions.
Skor Technologiesraised$6.2 million in a pre-Series A funding round to tackle Indonesia's underpenetrated consumer credit market.
Klearly, a Dutch startup focused on in-person payments, raised$6 million in seed funding.
Nevermind, the provider of AI payment infrastructure for AI-to-AI transactions, raised over $4 million.
Open Ledger, which embeds automated accounting software into products that enterprises and small businesses already use, raised $3 million.
Arva AI, a KYB verification startup, secured$3 million in funding.
Validisreceived a strategic investment (amount undisclosed) from Citi and Barclays to transform commercial banking services.
QED's financial advice and wealth management map:
Two years ago, @getTransFi founder @OneRajkamal told me he was going to build the single global payment system for crypto.
Today, TransFi supports 250 payment methods in local currencies, in 70+ countries on 6 continents, giving it unparalleled stablecoin payments coverage. pic.twitter.com/84HlasA6n0โ Nik (@NikMilanovic) January 12, 2025
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