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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.

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This Week in Fintech (3/12)

This Week in Fintech (3/12)

Hello Fintech Friends,

The headlines this week talk about fintech funding taking a tumble this year… but the numbers tell a different story.

This week, 52 (52!) fintech companies raised $2.76 billion. A record for the number of funding rounds and close to the record for most funding raised by fintech in a single week. At that weekly rate, fintech would raise more this year than in 2021.

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), see our primer on how we make introductions, and reach out to fund@thisweekinfintech.com.


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💸 Venture Financing

  • Acorns, a retirement savings and micro-investing app, raised $300 million.
  • Stax, an all-in-one payment processor, raised $245 million at a $1 billion valuation.
  • Roofstock, which provides retail investors with access to investing in residential real estate, raised a $240 million Series E.
  • Best Egg, an online lending and financial wellness platform, raised $225 million.
  • Lendable, a global platform for facilitating debt to fintech companies, raised £210 million.
  • Currencies Direct, a UK foreign exchange and international payment service, raised £140 million.
  • CredAvenue, an Indian debt marketplace, raised a $137 million Series B at a $1.3 billion valuation.
  • AngelList, a venture fundraising platform, raised $100 million at a $4 billion valuation.
  • Autofi, a US auto financing startup, raised $85 million at a $700 million valuation.
  • Capchase, a marketplace for revenue-based financing, raised an $80 million Series B.
  • Lunar, a Scandinavian neobank, raised €70 million at a $2 billion valuation.
  • Branch, a software to enable faster payments to contract workers, raised a $75 million Series C.
  • Money View, a Bengaluru-based online credit platform, raised a $75 million Series D.
  • Perfios, a Bengaluru-based banking service provider, raised a $68 million Series C.
  • AiFi, an autonomous retail checkout solution, raised a $65 million Series B.
  • Argyle *, the employment data and payroll lending platform, raised a $55 million Series B.
  • Tabby, a Dubai buy-now-pay-later provider, raised a $54 million Series B.
  • Propel, the builder of multiple platforms for low-income users to more easily navigate their benefits, raised $50 million
  • DataRails, which builds financial planning analytics tools on top of Excel, raised a $50 million Series B.
  • Acasa, a Mexican and Colombian mortgage lending site, raised $38 million.
  • Dash, a Ghanaian payments app, raised a $32.8 million seed round (yes, seed round).
  • Zeta, a full-stack credit card platform, raised $30 million at a $1.5 billion valuation from backers including Mastercard.
  • Thirdfort, a UK payment fraud detection startup, raised a £15 million Series A.
  • Milo, a loan and crypto mortgage provider, raised a $17 million Series A.
  • Selfbook, a one-click hotel payment option, raised a $15 million Series A extension.
  • Lynx, an API-connected healthcare payments platform, raised a $15 million Series A.
  • Stilt, an embedded credit offering provider for neobanks, raised a $14 million Series A and $100 million debt facility.
  • Lendai, an Israeli provider of US financing to foreign investors, raised a $13 million seed and $22 million in debt.
  • in3, a Dutch buy-now-pay-later provider, raised an $11.1 million Series A.
  • Glean AI *, a better accounts payable platform for small businesses, raised a $10.8 million pre-seed and seed.
  • Haruko, a UK fintech platform building a “one-stop crypto shop,” raised $10 million.
  • Yuno, a Colombian online checkout solution for Latin America, raised a $10 million seed.
  • Gridline, an alternative investment platform, raised $9 million.
  • 24exchange, a multi-asset class trading platform, raised $7.025 million.
  • CoFi, a construction financing provider, raised a $7 million seed.
  • Hopscotch, a community-oriented B2B payments platform, raised a $6.1 million seed extension.
  • Cardlay, a Danish business payments program, raised $6 million
  • Junio, an Indian kid-focused financial app, raised a $6 million Pre-Series A.
  • Satago, a working capital and invoice financing startup, raised £5 million from Lloyds Bank.
  • Mmob, a UK single-line-of-code embedded finance network, raised £5 million.
  • Chipper, (not that Chipper), a student loan payment app, raised a $5.6 million seed.
  • Atlantic Money, a foreign exchange payments provider, raised a $4.5 million seed round.
  • Cega, a decentralized finance derivatives platform, raised a $4.3 million seed.
  • Kolleno, a UK accounts receivable startup, raised a £4 million seed.
  • Zaapi, a Southeast Asian merchant financial app, raised a $4 million seed.
  • Noh, a Brazilian shared / multiplayer finance app, raised a $3 million seed round.
  • Paerpay, a contactless restaurant payment service, raised a $3 million seed.
  • Freightpay, a logistics and freight forwarder payment platform, raised $2 million.
  • Metasky, a digital wallet for creators in web3, raised a $1.8 million pre-seed.
  • Yep!, a Nigerian neobank and ‘superapp,’ raised a $1.5 million pre-seed.
  • Klump, a Nigerian buy-now-pay-later provider, raised a $780,000 pre-seed.
  • Yoco, which provides payment terminals for Africa, is in talks to raise $150 million.

💵 Venture Funds

  • Cake DeFi, a Singaporean fintech and crypto platform, invested $100 million of its own money to launch Cake DeFi Ventures and invest in fintech.

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