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Hello Fintech Friends,
Business Insider just released their list of the 49 promising fintechs; it was great to see a lot of friendly companies that made it this year, as well as Fintech Fund portco's Cascading AI, Coast, Confido, and TransFi. (h/t Julie VG)
We're excited to announce another fintech event - our Lagos Fintech Happy Hour next Friday:
Speaking of, we have a lot of great fintech fundraises profiled below, but my favorite this week was Scale, an African woman-founded card issuer, which raised a pre-seed (no relationship).
We also had a great guest writeup this week on stablecoins, and whether they'll provide the new rails to build BaaS products:
And last but not least, we are excited to announce our first ever Nashville Fintech Happy Hour: we're partnering with Raise Financial, First Bank and Project Fintech for a fun night of networking, food and drinks. All ticket proceeds will benefit the Re: Generate Fund, which focuses on addressing the critical early funding gap for founders of color.
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
Total investment into Irish fintech companies fell 90% year-over-year in the first half of 2024, from €212 million to €22 million. (Source)
💸 Venture Financing
Zepz, the cross-border money transfer service formerly known as WorldRemit, raised an additional $267 million of capital – including from the World Bank.
TrueLayer, a European open banking platform with Stripe as an investor, added $50 million to its Series E.
Koho, the Canadian savings and credit-building company focused on the underbanked, raised C$40 million ($30 million) in additional funding. It was last valued at C$800 million.
BMLL, a provider of, historical data and analytics across global equity, ETFs and futures markets, raised $21 million.
Rogo, a startup building an AI investment banking assistant, raised an $18.5 million Series A.
Barte, a Brazlian payments provider, raised $14.3 million.
RD Technologies, a Hong Kong platform that helps bridge traditional and decentralized finance, founded by the ex-chief executive of the city’s de facto central bank, raised $7.8 million.
Suma Wealth, a Latino-focused financial education platform, raised a $3.8 million seed round and acquired Mooch, an AI-driven personal finance app.
Plumery, a Dutch digital banking experience platform, raised $3.3 million.
AMLYZE, a regulatory tech provider focused on fighting financial crime, raised a €2.35 million seed round.
Connected Data, a British debt management platform, raised £2.2 million.
Scale, an African provider of card issuing and payments tools, raised a $700,000 pre-seed.
Great episode of @twifintech with @zachperret and @RyanZauk — come for Zach’s terrific insights in building from zero and growing into a CEO, say for Ryan’s correct but tentative identification of what business Louboutin is in: https://t.co/y4ynNlkx01— Darrell Etherington (@etherington) September 30, 2024
💵 Debt Financing
The European Investment Bank will lend Italian paytech giant Nexi Group €220 million to support the growth of its digital payment products.
💰 Venture Funds
Fintech investor Restive Ventures filed to raise a $70 million Fund III.
📺
Sponsored Content
Curious about cash flow underwriting but scratching your head about how to get started—or about which use cases actually move the needle? You’re not alone.
Luckily, you can register to watch Cash Flow Underwriting Summit recordings on demand.
From engaging discussions and networking with leaders in lending — like Kenneth Lin, Founder of Intuit Credit Karma, and Eugene Ludwig, former Comptroller, Office of the Comptroller of the Currency – the Summit sessions answer why now, what are common challenges to adoption, and how to get started with cash flow analytis.
Want to sponsor a newsletter? See our sponsorship information here.
Want to invest in the best fintech companies of tomorrow? Come join our syndicate.
