Hello Fintech Friends,
Stablecoins have caught not just popular imagination but also investors' eyes... enablement providers including Crossmint, Utila and Privy each announced new raises of $24M, $18M, and $15M respectively. Our Weekly Stable Editor Chuk Okpalugo breaks the rounds down in more detail in this week's newsletter.
If you want, you can meet the Privy team who are co-hosting our 2nd edition of The Stable Salon in NYC on April 2nd, and see founder Henri Stern on-stage at Stablecon on May 29th
And a big congrats to Stable Sea* founders Tanner and Ben, who normally avoid hype and press but got to share their $3.5 million seed round in Axios this week as the BFD.
PS: If you're in Argentina, don't forget to check out our stablecoin event for Merge Buenos Aires this week 👇
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)
💡
Sponsored Content
UGC and influencer marketing is the #1 solution to build credibility and drive global app adoption. But manually searching for brand-aligned creators is a time-consuming nightmare!
You need Insense, trusted by Revolut, Paysend, Sendsprint, and more. Within 48 hours you get matched with perfect-fit creators from their carefully vetted marketplace of 68,500+ UGC creators and micro-influencers from 35+ countries across the USA, Canada, Europe, APAC, and Latin America. Book a free strategy call by April 4 and get a $200 bonus for your first campaign.
Want to sponsor a newsletter? See our sponsorship information here.
📊 Stat of the Week
In 2024, just 5% of Klarna's facilitated GMV was financed through interest-bearing loans ("Fair Financing"). "All of our Pay Later products are designed to be fee- and interest-free for the consumer...our fees being generated from merchants who offer the payment method." pic.twitter.com/l1YutuavLh— Jevgenijs Kazanins (@jevgenijs) March 19, 2025
💸 Venture Financing
Bain Capital took an an 18% minority stake in India’s Manappuram Finance for $508 million.
Back office management and accounting software Inn-Flowsecured a $45 million growth investment.
NymCard, a MENA banking-as-a-service provider, raised $33 million.
Crossmint, a platform using AI agents to enable stablecoin payments, raised $23.6 million.
Multiply Mortgagesecured a $23.5 million Series A to offer mortgage benefits for employees.
Halliday, a startup that helps financial institutions automate services with blockchain and AI, raised $20 million.
Utilaraised $18 million to meet institutional demand for digital asset MPC wallets.
Privy, a crypto wallet provider meant to make wallets intelligible, raised $15 million.
Oro Labssecured $15 million for its tokenized gold platform.
ClearGridraised $10 million to use AI in fixing debt collection in the MENA region.
Yeetsecured $7 million for its crypto casino platform.
Nao, a Berlin-based wealthtech company, expanded its seed financing to $4.5 million.
Stable Sea*, a liquidity provider for large stablecoin transactions, raised $3.5 million.
Warrenraised €3 million to enhance financial wellness in the workplace.
Levelraised $2.6 million and launched a DeFi yield stablecoin.
Manifestsecured $2.5 million in a pre-seed round to provide global access to U.S. private equity real estate investments via blockchain.
Deutsche Bankinvested in governance automation platform Kosli.
Fortis, a payments technology leader for software providers, ERP customers, and scaling businesses, received a strategic investment.
💵 Debt Financing
Emerging markets mobile lender Tala successfully closed another $150 million debt facility from Neuberger Berman for Mexico lending.
💰 Venture Funds
Prolific fintech venture capital firm Ribbit is back on the market, reportedly raising a new $500 million fund titled Ribbit Capital Y.
💡
Sponsored Content
UGC and influencer marketing is the #1 solution to build credibility and drive global app adoption. But manually searching for brand-aligned creators is a time-consuming nightmare!
You need Insense, trusted by Revolut, Paysend, Sendsprint, and more. Within 48 hours you get matched with perfect-fit creators from their carefully vetted marketplace of 68,500+ UGC creators and micro-influencers from 35+ countries across the USA, Canada, Europe, APAC, and Latin America. Book a free strategy call by April 4 and get a $200 bonus for your first campaign.
Want to sponsor a newsletter? See our sponsorship information here.
