Hello Fintech Friends,
We're coming to Seattle! We'd love to have you join us for our Seattle Happy Hour hosted by Seattle Bank happening on March 30th from 5-730pm PST. Get your ticket here.
👍👎 Have feedback for us? Let us know!
Please find another week of fintech financing events below.
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If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us). Are you a fintech angel investor? Come join our syndicate.
💸 Venture Financing
Equisoft, an investment software developer, raised $125 million in new equity.
StudentFinance, a Spanish income share agreement provider for student financing, raised a €39 million Series A.
Sesamm, a French natural language processing app that helps financial firms adhere to ESG standards, raised €35 million.
Pagos, a payment intelligence connector to processors like Stripe, Adyen, and Braintree, raised a $34 million Series A.
Quantifind, an ML financial crime risk management tech provider, raised a $23 million round from backers including Citi.
Archway, a banking platform for regional and community banks, raised a $15 million Series A.
Marco, a trade finance platform for small and medium-sized businesses in Latin America, raised $8.3 million in equity funding and a $200 million credit facility.
Mangrove, an order book for digital asset traders, raised a $7.4 million Series A.
Vouched, an identity verification startup for financial institutions, raised $6.3 million.
Spade, a credit card transaction enrichment and categorization platform, raised a $5 million seed round.
Sora, a credit management and liability optimization as a service startup for financial advisors, raised $3.9 million.
Zipzero, an app that rewards consumers for sharing receipt data, raised £1 million.
Pelt8, a Swiss sustainability reporting startup, raised a ₣0.5 million pre-seed.
SoLo Funds, a community lender to the Black community in the US, added Serena Williams as an investor and passed 1 million users.
Varo Bank is reportedly raising $50 million at a $1.8 billion valuation, a 28% drop from its last valuation.
Pennylane, a French accounting software builder, is reportedly raising around $50 million as well.
💵 Debt Financing
Goldman Sachs’ One Million Black Women initiative partnered with Now to launch a $225 million credit facility for small and historically underserved businesses.
💰 Venture Funds
Atlanta venture capital firm TTV Capital closed its largest ever fintech fund, at $250 million.
Republic canceled its $75 million metaverse fund following the current crypto collapse and revised SEC guidance.
The takeaways from this teardown of @stripe's latest pitch deck are pretty interesting:
- Gross revenue was $14.3 billion last year.
- This was up 27% from the prior year, but a slowdown from 60% growth from 2020 to 2021.https://t.co/1ZUQjn3fih— Nik (@NikMilanovic) February 27, 2023
This week for our Builders Series, we highlight Jon Placa, VP of Operations at @billd that provides fintech solutions for the construction industry. He is constantly pulling up the team with best practices, holding everyone accountable, & bringing innovative product to the table. pic.twitter.com/auA3JkC3Rf— This Week in Fintech (@twifintech) March 3, 2023
