Hello Fintech Friends,
I'm surprised I'm just seeing this:
Congrats to the team at Fintech Fund portfolio company Rainforest*, who won Early Stage company of the year at Venture Atlanta.
I also loved these charts from QED Investors’ 15th Annual CEO Summit:
From @QEDInvestors pic.twitter.com/eXgepH5Wyh— The Fintech Fund (@thefintechfund) September 28, 2023
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
Nope. The data on SWIFT gpi cross-border payments suggests that this just isn't the case. Time to update your payments knowledge, @ErikVoorhees. https://t.co/rpOt1x4UJQ pic.twitter.com/i7crECq0XO— John Paul Koning (@jp_koning) September 27, 2023
💸 Venture Financing
AlphaSense, a market intelligence and AI-enabled search platform, raised a $150 million Series E at a $2.5 billion valuation.
Perenna, a UK mortgage lender, raised $52 million after securing a banking license.
Albo, a Mexican neobank, raised a $40 million Series C.
Farther, a wealth management tech provider, raised $31 million at a $131 million valuation.
Slope, a business-to-business payments platform for enterprise companies, raised $30 million in new funding.
Series, a platform which looks to centralize businesses’ finance and operations stacks and replace ERPs, announced $25 million in funding across two rounds.
Traydstream, an automated trade document checking platform, raised a $21 million Series B.
Pexapark, a PPA advisory specialist, raised €20 million.
Arc, a digital bank for high growth SaaS startups, raised a $20 million Series A.
PortX, an integration and open banking platform for community financial institutions and fintechs, raised a $16.5 million Series B.
Mundi, a Mexican trade financing platform for importers and exporters, raised $15 million.
Apron, a UK provider of invoice processing for small businesses, raised a $15 million Series A.
Collective Liquidity, a provider of financial tools to tech company shareholders, raised a $12 million Series A.
Timeline, a UK end-to-end financial planning platform, raised a £10 million Series B.
Grow Credit, an app and card for helping military members build credit, raised a $10 million Series A.
Vega, a UK-based wealth management platform, raised $8 million.
Revio, a South African payment orchestration provider, raised a $5.2 million seed round.
Mintago, a UK financial wellbeing startup, raised $4.75 million in new funding.
Pontoro, a platform intended to unlock greater access to institutional-grade private market real assets, raised a $4.6 million Seed II.
Avantis Labs, a decentralized finance derivatives ecosystem, raised a $4 million seed round.
Ondorse, a French ID verification startup, raised a $4 million seed round.
Crediverso, a financial and educational resources provider to underserved communities, raised a $3.5 million pre-Series A.
Cygnetise, a UK-based blockchain signatory management solution, raised £2.5 million.
FlexPoint, a payment automation platform, raised $2.4 million.
Clip Money, a multi-bank cash deposit network in North America, raised strategic funding from NCR.
💰 Venture Funds
Canadian fintech-focused VC fund Luge Capital raised an initial $71 million for its second fund to invest in US and Canadian fintech. Fund I was $85 million, featuring startups like Flinks.
financial services tends to be higher-margin than most industries that tech is being built for https://t.co/gNXJxobFia— Nik (@NikMilanovic) September 28, 2023
