Hello Fintech Friends,
Do you believe in angels?
We hope so, because our editors Julie VerHage-Greenberg and Helen Femi Williams got to sit down with Monica Murthy, FinTech Sales & Partnerships Lead at Alloy, and Jenny Johnston, Investor at Better Tomorrow Ventures, to talk about all things angel investing. Give it a listen here.
For new readers, our show Beyond Two Percent analyzes the critical questions, issues, and dynamics that affect people differently by gender - and the intersection of those dynamics with finance.
👍👎 Have feedback for us? Let us know!
Please find another week of fintech financing events below.
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.
2022 Pre-Seed & Seed valuations and round sizes were slowest to correct, but started in earnest in Q4 & Q1 .
due to the data reporting lag, will have good numbers here in another 90 days. pic.twitter.com/Ok8HCwrTFI— Rex Salisbury (@rexsalisbury) January 20, 2023
💸 Venture Financing
GSS, a sanctions screening firm for financial institutions, raised $45 million.
Inscribe, a fraud detection platform for KYC screening, raised a $25 million Series B.
PayEm, a reimbursement and spend management platform, raised a $20 million Series A and took out a $200 million credit line.
Hawk, an anti-money laundering platform for banks, raised a $17 million Series B.
Method, a provider of embedded fintech to power loan repayment, raised a $16 million Series A.
Zenfi, a Mexican financial health app, raised $8.5 million.
Mad Mobile, a mobile payments provider for retail and restaurants, raised $20 million.
Vartana, a B2B sales financing platform, raised a $12 million Series A.
iSeller, an Indonesian omnichannel point-of-sale platform, raised a $12 million Series B.
Foro, a commercial lending platform for small and medium-sized businesses, launched its product from stealth and raised an $8 million Series A.
Senken, a South African climate finance trading platform, raised $7.5 million.
Zurp, a fintech platform for creators and their fans, raised a $5 million pre-seed.
Architect, a crypto trading infrastructure startup founded by the ex-FTX president, raised $5 million.
Tranch, a buy-now-pay-later platform for businesses, raised $5 million in equity and $95 million in lending debt.
Asset Reality, a crypto recovery specialist, raised a $4.91 million seed round.
Sandbar, an anti-money laundering and transaction monitoring software, raised a $4.8 million seed round.
Grazzy, a digital tipping platform, raised $4.25 million in seed funding.
Caura, a driving payments app, raised £4 million from Lloyds Bank.
Ethos Wallet, a crypto wallet, raised a $4.2 million seed round.
Salv, an EU financial crime-fighting platform, raised a €4 million seed round.
Keyzy, a UK rent-to-own home property financing startup, raised £3 million.
Suppli, a credit management provider for the construction industry, raised $3.1 million in seed funding.
Wafeq, a Dubai accounting and financial compliance startup for the MENA, raised a $3 million seed round.
Hatchfi, a crypto integration platform, raised a $1.2 million pre-seed.
Twinco Capital, a fashion supply chain finance provider, raised $12 million in combined equity and debt.
Pilon, a Singaporean supply chain finance provider, raised $5.2 million in debt and equity.
Diligend, a due diligence platform for investors, raised an undisclosed amount for its Series A and rebranded to Dasseti.
Ascendant, a cross-border payments provider, raised an undisclosed amount.
OpenAsset, a UK digital asset management provider to the architecture, engineering and construction industries, raised an undisclosed amount of growth equity.
Mobility Market Intelligence, a data and insights provider to the mortgage industry, raised an undisclosed amount in its growth round.
Last June as the fintech venture market started to turn, I sent this note to our LPs at @thefintechfund.
7 months later, it's time for an update on the state of the early-stage fintech market.
(All based on observations as GP of @thefintechfund and not meant to be categorical.) https://t.co/SDs3oeIgez— Nik (@NikMilanovic) January 24, 2023
I’m experiencing a counter-cyclical feeling about our (tech) industry as of late. It’s one of the most exciting times to be alive. AI, health/longevity, energy, and yes… decentralization/crypto/FinTech are going to advance humanity in incredible ways in the decade to come.— David Marcus ⚡ (@davidmarcus) January 25, 2023
