Hello Fintech Friends,
Join us over the next couple weeks across three continents of fintech events in Boston, London, and Bangalore:
Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)
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Sponsored Content
Does your startup have a solution for Responsible AI deployment in the banking sector? Ally is excited to announce the launch of the Ally Innovation Challenge – Responsible AI.
Ally is seeking market-ready, US-based startups specializing in AI infrastructure that can assist in building robust, scalable platforms for responsible AI development and deployment. Selected startups will have opportunities for mentoring and potential collaboration with senior experts from the financial services company behind the nation’s largest all-digital bank. Learn more about it here and submit your application by June 17th! Terms and conditions apply- see website for full details.
Want to sponsor a newsletter? See our sponsorship information here.
📊 Stat of the Week
56% of companies in the US claim to offer faster payments (presumably: real-time payments) and another 35% plan to do so.
💸 Venture Financing
AlphaSense, a financial markets intelligence and question/answer platform, raised a fresh round of $650 million at a $4 billion valuation and announced its acquisition of intelligence rival Tegus for $930 million in cash and stock.
AccountsIQ, a cloud-based accounting platform, raised a €60 million Series C.
Mad Mobile, a restaurant and retail SaaS payment provider, raised $50 million from backers including Morgan Stanley and Bridge Bank.
Stake, a UAE-based platform for real estate investment, raised a $14 million Series A.
Ava Protocol, an autonomous composable transaction platform for web3 and crypto payments, raised a $10 million seed round.
Squad Labs, the developer of crypto wallet Fuse, which aims to eliminate seed phrases, raised a $10 million Series A.
Mountain Protocol, the issuer of a yield-bearing stablecoin, raised an $8 million Series A.
Linq, a generative AI tool for financial analysts, raised $6.6 million.
Brightwave, an AI-powered financial research assistant, raised a $6 million seed round.
InScope, an automated financial reporting provider (screenshot below), raised a $4.3 million seed round.
Platma, an e-commerce automation platform, raised a $1.85 million seed round.
Hawk, a German regulatory tech provider, added Dutch bank Rabobank as an investor to its Series B.
📺
Sponsored Content
Does your startup have a solution for Responsible AI deployment in the banking sector? Ally is excited to announce the launch of the Ally Innovation Challenge – Responsible AI.
Ally is seeking market-ready, US-based startups specializing in AI infrastructure that can assist in building robust, scalable platforms for responsible AI development and deployment. Selected startups will have opportunities for mentoring and potential collaboration with senior experts from the financial services company behind the nation’s largest all-digital bank. Learn more about it here and submit your application by June 17th! Terms and conditions apply- see website for full details.
Want to sponsor a newsletter? See our sponsorship information here.
Want to invest in the best fintech companies of tomorrow? Come join our syndicate.
