The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

Fintech strategic investors are alive and well (TWIF 6/1)

Fintech strategic investors are alive and well (TWIF 6/1)
Sam Ekbatani

Hello Fintech Friends,

In case you missed it, we covered the current Synapse and Evolve BaaS drama in more depth this week:

Signals: Synapse wasn’t your typical BaaS
A unique set of challenges drove Synapse to bankruptcy– freezing access to funds for tens of thousands of end users.

And we would also appreciate your input in our new survey: Where do fintechs bank?

Fill out this 3-min survey for Matthew Goldman's upcoming piece on where fintechs do business banking and enter the draw to win a 1-year subscription to This Week in Fintech Signals (our premium content + free event membership)!

TWIF: How Fintech Businesses Bank
Turn data collection into an experience with Typeform. Create beautiful online forms, surveys, quizzes, and so much more. Try it for FREE.

Intuit, Deel, and PayPoint are only the latest of larger (legacy?) fintechs beginning to expand their own venture efforts, as strategics cozy up to early-stage fintechs.

Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)


📺
Sponsored Content

Hummingbird's new Customer Due Diligence solution is helping teams conduct faster onboarding and maximize operational efficiency. You'll be able to easily customize workflows, centralize your KYC/KYB data, and use AI for fast and accurate document summarization – plus much more! Take our self-guided tour today!

Single image (product).png

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


Are you a fintech angel investor? Come join our syndicate.


💸 Venture Financing
  • Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, raised $93.5 million in growth equity and around $16.5 million in debt, after bootstrapping growth from 2008 to 2021.
  • FintechOS, a Romanian low-code platform for banks and insurers, raised a $60 million Series B.
  • Relay, a Canada-based business banking and money management platform for the US, raised a $32.2 million Series B.
  • Supervizor, a quality assurance platform built for finance teams, raised $22 million.
  • Forward, a payments provider for vertical software, raised a $16 million seed round.
  • Félix Pago, a WhatsApp-based chatbot that makes it simple to send and receive cross-border money transfers, even with a voice message, between the US and Mexico, raised a $15.5 million Series A.
  • CBiGroup, which provides trade financing services, raised a $15 million Series A.
  • Swiipr, an airline industry payment system, raised a £6 million Series A.
  • Kintsugi, a platform for automating sales tax compliance, raised a $6 million Series A at a $40 million valuation.
  • SCRYPT, a Swiss provider of crypto-based financial services, raised $5 million.
  • Anzen Finance, a platform creating a digital dollar backed by Real World Assets, raised a $4 million seed round.
  • ZTLment, a Danish startup building compliant wallet infrastructure on decentralized rails for ordering and booking platforms, raised a €2.4 million pre-seed.
  • Frich, a consumer app to to help Gen Z be more realistic about finances (below), raised a $2.8 million seed round.
  • Coinflow Labs, a crypto-based instant settlement payment provider, raised a $2.25 million seed round.
  • Deedster, a Swedish firm which helps financial institutions in addressing the increasing regulatory pressure to combat climate change, raised $1.4 million.
  • Aperidata, a UK consumer and business credit reporting and open banking platform, raised £1 million from British bill payment provider PayPoint.
  • Alviere, an embedded financing platform focused on worker payments, raised funding from payroll and HR provider Deel.
  • Anrok, a global sales tax platform for software companies, added Intuit Ventures to its Series B.
  • MarketNode, a Singapore-based digital market infrastructure operator, raised a Series A from HSBC.
  • STON.fi, a UK-based decentralized automated market maker exchange, raised funding,

💰 Other
  • Perennial fintech investor Valar Ventures raised a $300 million ninth fund.
  • Vehicle-secured credit card provider Yendo secured $150 million in debt financing.

📺
Sponsored Content

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


Want to invest in the best fintech companies of tomorrow? Come join our syndicate.