This Week in Fintech (10/8)

This Week in Fintech (10/8)

Hello Fintech Friends,

Excited to share that we’ll be hosting our first event in Jakarta this coming week! Join us on October 12th. (Or in Austin, New York, and DC.)

It’s been an interesting quarter in fintech investing; we’ll have our newest Signals out next week to dive into the change in venture activity over the last three months.

Anecdotally, as an early-stage fintech investor via The Fintech Fund, it’s felt like a much healthier fundraising environment: great founders are still raising rounds, the market isn’t enabling a bloated number of copycat startups for each new idea, and valuations are finally more tied to operating metrics again.

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) and see our primer on how we make introductions to friendly VCs and debt providers.

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

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“CB Insights’ data showed that first-quarter global fintech funding dropped by 18 percent.” (Source)

Fresh fintech funding data tells us what investors are chasing in a downturn

Top DeFi Investment rounds in LatAm – 2022

💸 Venture Financing
  1. ShopBack, an online shopping and rewards app, raised $80 million at a valuation close to $1 billion.
  2. Strike, a builder of bitcoin-based payment systems, raised an $80 million Series B.
  3. Tally, a debt payoff platform for consumers, raised an $80 million Series D.
  4. Jiko, a startup that automates t-bill investments and storage, raised a $40 million Series B.
  5. Railsr, a UK embedded banking products platform, raised a $26 million Series C and $20 million of debt.
  6. Korea Credit Data, a Korean small business lending startup, raised a $24.7 million Series D extension.
  7. Juno, a crypto-based banking platform with a new tokenized loyalty program, raised $18 million.
  8. Equi, * a “family office for non-billionaires” alternative investing platform (and Fintech Fund portfolio co), raised a $15 million Series A.
  9. Exponential, a crowdsourced defi investing platform with a rating system, raised a $14 million seed round.
  10. Blowfish, a web3 digital wallet security provider, raised $11.8 million.
  11. Future™, a financial rewards platform for environmentally-friendly investing, raised $5.3 million in seed funding.
  12. PropHero, an Australian property lending platform, raised A$8 million.
  13. Vance, a global neobank for international travelers, raised $5.8 million.
  14. Ratings, an impact assessment platform for financial companies, raised €4.5 million from Société Générale.
  15. Zenskar, an automated billing workflow provider for SaaS companies, raised a $3.5 million seed round.
  16. Bizbaz, a Singaporean startup using non-traditional data to help financial firms assess credit risk, raised a $4 million seed round.
  17. NoFrixion, a provider of digital business payments, raised €3.6 million.
  18. Spleet, a Nigerian property purchasing platform and lender, raised $2.6 million.
  19. Easop, a startup that allows US companies to grant equity to international hires, raised a $2.5 million seed.
  20. Currensea, an open banking-powered travel card provider, raised £2.4 million.
  21. Raise Green, a retail investing platform for renewable energy projects, raised $1.2 million in seed funding.
  22. Zopa, the UK peer-to-peer lender that pivoted to a neobank, is in talks to raise $100 million before an IPO.
  23. Plum, a UK-based commission-free investing app, is raising a crowdfunding round after securing £5 million in debt financing from Silicon Valley Bank.
  24. TrustQuay, a client accounting and practice management solution for trust, fund and corporate service providers, raised funding.
💰 Venture Funds
  • Institutional financial services crypto provider NYDIG raised a $720 million fund to invest in institutional bitcoin solutions.
  • British Patient Capital committed €25m to Finch Capital’s fintech fund.

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