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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
The UK suspects that £1.41 billion of its £77 billion in pandemic loans were made to fraudulent borrowers. (Source)
Nearly 75% of UK banks claim to already be using generative AI. (Source)
💸 Venture Financing
Augmentum Fintech claims that fintech valuations are finally beginning to stabilize for the first time in a while.
Alpheya, a UAE-based wealth management technology platform for asset managers in the Middle East, raised $300 million from backers including bank BNY Mellon.
Paysend, the UK international money transmitter, raised $65 million from Mastercard.
Candex, a startup that helps businesses with procurement, vendor management, and payments, raised a $45 million Series B in a round led by Goldman Sachs.
CapitalOS, a B2B spend management provider, raised $39 million.
Scapia, an Indian travel credit card startup, raised a $23 million Series A.
Mozaic, a collaborative payment-splitting app for creators, raised a $20 million Series A.
PayGround, a healthcare payments platform, raised a $19.7 million Series A.
Crezco, a workflow builder for collecting bill payments, raised a $12 million in Series A.
VersiFi, a digital assets trading and lending platform, raised a $10 million Series A.
PhiCommerce, an Indian omnichannel payment solutions provider, raised a $10 million Series A1.
Coinchange, a decentralized finance trading and yield app, raised $10 million.
iPeakoin, a Singaporean neobank building on crypto rails, raised a 'nearly' $10 million Series A.
Enfuce, a European card-as-a-service provider, raised €8.5 million and revealed that it processes €2 billion annually on its cards.
Valid8, a forensic accounting solutions provider, raised an $8.5 million Series A.
DoorFeed, a platform for investment funds to assemble and manage large-scale portfolios of apartments and houses, raised a €7 million seed extension.
MYX, an Asian crypto derivatives protocol, raised a $5 million seed round at a valuation of $50 million.
Acctual, a crypto accounts payable and accounts receivable automation app, raised a $3.85 million seed round at a $15 million valuation.
Wind.app, a self-custodial, smart contract wallet with business payments, a virtual bank account, and on/off-ramp, raised a $3.8 million pre-seed.
Aptus.AI, a European compliance management app, raised a €3 million pre-Series A.
WealthOS, a cloud-native WealthTech provider, raised a £2 million seed round.
CheckRewards, a UAE cashback provider, raised $1.2 million.
Conduiit, a fintech for film and television productions, raised a $1 million pre-seed.
Prosper, a UK platform to maximise its members’ long-term wealth potential, raised a £3.2 million angel round.
Banxware, a German embedded lending provider, raised strategic funding from UniCredit.
Flow48, a UAE-based small business lender, raised a $25 million mix of equity and debt.
