Fundraises

Plaid and Ramp get valuation bumps in secondary sales (TWIF 3/8)

@lavitalenta

Hello Fintech Friends,

We just added a few great speakers to Stablecon:

Jonathan Steinberg, WisdomTree CEO
Thom Hook, MoonPay Global Chief Compliance Officer
Michael Shaulov, Fireblocks CEO
David Marcus, Lightspark CEO
Mark P. Wetjen, former CFTC Commissioner
Jelena McWilliams, former FDIC Chairman

Check out the full agenda here: https://www.stablecon.com/agenda

And tickets are available for a limited time at a 17% discount until april here:

Tickets — Stablecon

Stablecon

Please find another week of fintech financing events below.

(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)

💡

Sponsored Content

Join us for "Fintech Meetup: Navigating the New Frontier," sponsored by Visa Direct and TabaPay, on Wednesday, March 12 at 1 PM. Doors open for lunch at 12:30 PM. Discover how top fintechs and banking partners are tackling today's challenging regulatory landscape to innovate and succeed, with insights from industry experts on managing compliance and risk in a new era of banking regulation.

Fintech Meetup

Want to sponsor a newsletter? See our sponsorship information here.

📊 Stat of the Week

"About 18% of addressable US consumer spend remains on cash and check, not to mention meaningful legacy ACH volume," Visa Investor Day 2025, from Jevgenijs Kazanins

💸 Venture Financing

Plaid, the financial data aggregation platform, is finalizing a secondary share sale up to $400 million at a $6 billion valuation.
Quantexa, a decision intelligence platform for financial services and the public sector, raised a $175 million Series F at a $2.6 billion valuation.
Ramp, the corporate card and expense management platform, secured a $13 billion valuation in a $150 million secondary deal.
Flowdesk, a crypto market maker, raised $102 million in new funding.
Grain emerged from stealth with $50 million to help businesses hedge against FX volatility.
Swap secured $40 million to build tools for merchants dealing with tariffs and cross-border trading challenges.
Flex, a Brex-like service for business owners, raised $25 million at a $250 million valuation.
Numeral, a sales tax AI platform, raised $18 million.
Workhelix raised $15 million in Series A funding to assist enterprises in applying AI.
Ijnfrared, a liquid staking DeFi protocol builder, raised a $14 million Series A round.
Zocks secured $13 million to build AI wealth management.
Mytu, a Lithuanian banking platform, raised €10 million in Series A funding.
August, a crypto prime brokerage, raised $10 million.
Fairplay, a fairness testing software provider for banks and fintech lenders, raised $10 million from backers including JP Morgan.
Amnis raised CHF 10 million in Series B funding to expand its international banking platform.
Niva, a Latin American KYB provider, raised $5.5 million.
Quanta, a San Francisco-based AI accounting platform, raised $4.7 million in seed funding.
Lenkie, a UK credit assessment app, raised a Series A round of £4 million in equity and an additional £45 million debt facility
Cino, a bill-splitting app, raised €3.5 million to expand into the UK market.
Aegis, a startup developing a bitcoin-backed stablecoin independent from the fiat banking system, secured $2 million in a pre-seed funding round.
Shiboleth, a startup using AI to audit bank-fintech partnerships, raised $1.5 million in seed funding.
Hands In, a fintech innovator in split payment solutions, raised over £1 million in its latest funding round.

💵 Debt Financing

Duetti, a platform for acquiring, financing, and tranching music catalogs, raised $200 million in debt funding.

1/ Money has evolved:
💰 Gold → 📝 Paper money → 💳 Digital banking → Now… Stablecoins?

If digital banking works, why do we need stablecoins?
Because the current financial system is slow, expensive, and outdated.

Let’s break it down. 🧵
— Dennis Owusu-Sem (@dsem221) March 5, 2025