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Hello Fintech Friends,
We hope to see many of you at Fintech Meetup tomorrow!


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
Per cross-border currency platform Wise, British small businesses lost £2.8 billion in 2023 to opaque bank FX fees (source), while British banks closed 140,000 business accounts last year (source).
💸 Venture Financing
Avail, a modular blockchain project aiming to streamline the rollup experience, raised a $27 million seed.
Helcim, a payments provider that charges the cost of interchange plus an 8 cent margin, raised a $20 million in Series B.
Backpack, a crypto exchange founded by former FTX and Alameda employees, raised a $17 million Series A.
Qapita, a Singaporean equity management provider, raised a $17.2 million pre-Series B.
Embat, a Spanish treasury management platform, raised a €14.7 million Series A.
Slice, an Israeli equity management platform, raised $7 million in seed funding.
Superfluid, an Ethereum-based platform to provide real-time crypto transfers, raised $5.1 million.
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, raised $4.7 million.
MoneyHash, an Egyptian payments orchestration platform built for MENA businesses, raised $4.5 million.
ProCredit, a Filipino small business lending platform, raised a $4.1 million pre-seed.
Campfire, a provider of accounting software for startups and midsize companies, raised a $3.5 million seed round.
Bfree, a Nigerian startup enabling lenders to recover debt ethically, raised $3 million.
Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, raised $2.2 million.
Reset, an employer-agnostic earned wage access platform, raised a $2.3 million seed.
BlueBean, an all-in-one procure to pay solution, raised $1.3 million.
United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, raised funding from Citi and BNP Paribas.
Payment facilitator Stripestruck a tender offer deal to provide its employees liquidity at a $65 billion valuation, down from its $95 billion venture round but up from its last round at $50 billion.
💰 Venture Funds
The Financial Times launched its own £30 million venture fund.
"neobanks are bad businesses"
"emerging markets are too risky"
well, pic.twitter.com/appT7TjBBm— Nik (@NikMilanovic) March 1, 2024
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