Hello Fintech Friends,
We’re excited to share our new Builder Series, a campaign to highlight the builders behind the fastest-growing fintech companies. Think about the folks who rarely get the spotlight for their hard work, the builders who are behind the scenes - those are the people we want to amplify.
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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💸 Venture Financing
- Clear Street, a capital markets infrastructure builder, raised a $165 million Series B.
- Babel Finance, a Hong Kong-based crypto asset manager, raised an $80 million Series B at a $2 billion valuation.
- Bibit, an Indonesian digital investment app, raised $80 million.
- Protego Trust Bank, a bank for crypto services, raised $70 million at a (close to?) $2 billion valuation.
- TransferMate, an Irish B2B cross-border payments company, raised $70 million at a $1 billion valuation.
- Creditspring, a membership-fee based lender, raised $60 million.
- Elliptic, a cryptoasset risk management provider, raised a $60 million Series C from backers including JP Morgan.
- Stable, an agricultural finance platform, raised a $60 million Series B.
- ADDX, a Thai blockchain-based digital securities exchange, raised a $58 million pre-Series B.
- FlipOS, the platform for professional single-family home investors, raised $50 million.
- Deel, a global payroll platform, raised $50 million.
- Hyperpay, a Saudi payment gateway, raised $40 million from Mastercard.
- Freetrade, a UK-based commission-free stock trading app, raised a £30 million convertible note.
- UnDosTres, a Mexican airtime top-up service, raised a $30 million Series B.
- Previse, a UK-based digital lender to small businesses, raised an $18 million Series B.
- Marvin, a Brazilian B2B payments company, raised a $15 million Series A.
- ZenLedger, a tax and accounting platform for crypto, raised a $15 million Series B.
- Enhanced Digital, a structured digital asset provider, raised a $12.5 million seed round.
- Equipifi, a provider of buy-now-pay-later solutions to banks, raised a $12 million Series A.
- Pebble, a defi-based interest yield account for Southeast Asia, raised $6.2 million.
- Moves, a Canadian banking app for gig workers, raised a CAD $6.39 million ($5 million) seed round.
- Jupiter Exchange, an alternative asset exchange, raised a $5 million seed round.
- Altan Insights, an alternative asset investing intelligence platform, raised a $4 million seed round.
- Tranch, a UK buy-now-pay-later for business startup, raised £3.5 million.
- Parvis, a Canadian real estate investing platform, raised a $2.7 million Series A.
- TopUp Mama, a Kenyan financial services provider to restaurants, raised a $1.7 million seed round.
- Kapaga, a UK B2B cross-border payment platform, raised £1.5 million.
- Tred, a UK carbon-tracking debit card and app, crowdfunded £600,000.
- Bloom, a European revenue-based financing startup for e-commerce, raised a £300 million combination Series A and debt facility.
- Apex Group, a global financial services provider, raised new strategic funding from Carlyle and Mubadala.
- TripActions, a corporate travel expense management platform, is negotiating a new round of funding at a $9 billion valuation (up from $7.25 billion) as travel picks up again around the world.
- Jar, an Indian savings and investing app, is looking to raise a $50 million Series B at a $350 million valuation.
💰 Venture Funds
- Credit asset manager Viola Credit raised a new $700 million fund to add onto its $1.1 billion in asset-based loans to fintech companies.
- 1982 Ventures launched a new $20 million Southeast Asia fintech fund.
Myth: Your customers want debit cards.
Fact: You can build better financial futures for your customers by offering a credit builder card.