Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Persona.
We're excited to share a small but meaningful milestone: TWIF has officially reached 200,000 subscribers.
This wouldn’t have been possible without you—our readers, collaborators, and contributors—who continue to share insights, tips, and thoughtful feedback week after week. Whether you submitted a guest piece, shared an article, or simply opened and read what we've sent each week, thank you.
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)
💡
A Message from Our Partner
🚦Is your fintech prepared for the next fraud attack?
Fraud is now an industry with well-structured criminal organizations and FaaS (fraud as a service) vendors.
That’s why leading fintechs are rethinking their risk signals: the data points that help them distinguish fraudsters from legitimate users.
Persona’s new guide to risk signals covers the fundamentals of a signals-based fraud strategy, and then some. Learn how to use risk signals to detect deepfakes, add context to fraud investigations, and improve automation during onboarding or account recovery.
Want to sponsor a newsletter? See our sponsorship information here.
📊 Stat of the Week
Purchasing Power of the US Dollar in June since 1950:
• 1950: $1
• 1975: $0.55
• 2000: $0.14
• 2025: $0.07— Watcher.Guru (@WatcherGuru) July 16, 2025
💸 Venture Financing
Zero Hash*, a crypto infrastructure provider powering stablecoin and tokenized asset operations, is closing a (reportedly) $100 million round to scale its platform, reaching close to a $1 billion valuation. (Disclosure, we're an investor.)
Eton Solutions, a provider of enterprise resource planning (ERP) software for family offices, secured$58 million to expand its technology platform and services.
CertifID, a cybersecurity platform focused on preventing wire fraud in real estate, raised$47.5 million to enhance its fraud prevention tools.
YetiPay, a payments startup offering a seamless checkout and payments platform, secured$35 million to accelerate product development and grow its market reach.
Spiko, a treasury platform that helps European businesses earn yield on idle cash, secured$22 million in funding to expand its cash optimization tools.
Heron, a startup helping traditional businesses adopt AI through user-friendly software tools, raised$16 million in Series A funding to bring modern AI capabilities to legacy industries.
Bonus Homes, a home equity sharing startup that is building an alternative to home-selling, raised $15.5 million in seed funding.
Murphy, a personal finance app for Gen Z, raised$15 million in pre-seed funding to launch its early product.
Heka Global, a fraud detection and identity verification firm, secured$14 million to grow its financial crime prevention platform.
Two, an Oslo-based B2B payments platform, nabbed$13 million to expand its operations in the U.S. market.
Dakota, a crypto banking startup focused on global stablecoin infrastructure, raised$12.5 million to support international expansion.
Ordio, a payroll automation platform based in Europe, secured€12 million to modernize payroll for SMEs across the continent.
Retirable, a retirement savings platform, raised$10 million to enhance retirement planning technology.
Function, a platform offering Bitcoin-based yield products, raised$10 million to launch its yield-generating Bitcoin investment tools.
Covenant, an AI-powered legal platform for private markets, raised$4 million in seed funding to accelerate development.
Juno, a business travel and spend management platform, raised$4 million in new funding to expand its specialized travel tech services.
Mango, a construction-focused fintech streamlining subcontractor payments and cash flow, raised$3 million to help reduce financial friction in the building industry.
Paypercut, a multi-provider BNPL infrastructure startup for emerging Europe, landed$2 million in pre-seed funding to build its payments hub.
MoneyBadger, a South African Bitcoin savings startup, raised$400,000 to grow its user base and product offering.
FundApps, a regulatory compliance automation platform for asset managers, announced a significant growth equity investment from FTV Capital to accelerate product and global expansion.
💵 Debt Financing
Recap, a crypto tax and accounting platform, landed a €125 million credit facility from HSBC to fuel its UK expansion.
💡
A Message from Our Partner
🚦Is your fintech prepared for the next fraud attack?
Fraud is now an industry with well-structured criminal organizations and FaaS (fraud as a service) vendors.
That’s why leading fintechs are rethinking their risk signals: the data points that help them distinguish fraudsters from legitimate users.
Persona’s new guide to risk signals covers the fundamentals of a signals-based fraud strategy, and then some. Learn how to use risk signals to detect deepfakes, add context to fraud investigations, and improve automation during onboarding or account recovery.
Want to sponsor a newsletter? See our sponsorship information here.
