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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