This Week in Fintech (5/28)

This Week in Fintech (5/28)

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.

Know any great builders? We’re now taking nominations!

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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If you’re looking for your next adventure at one of the best fintech companies, check out the open roles here and sign up to be matched with Fintech companies here!

💸 Venture Financing

  1. Clear Street, a capital markets infrastructure builder, raised a $165 million Series B.
  2. Babel Finance, a Hong Kong-based crypto asset manager, raised an $80 million Series B at a $2 billion valuation.
  3. Bibit, an Indonesian digital investment app, raised $80 million.
  4. Protego Trust Bank, a bank for crypto services, raised $70 million at a (close to?) $2 billion valuation.
  5. TransferMate, an Irish B2B cross-border payments company, raised $70 million at a $1 billion valuation.
  6. Creditspring, a membership-fee based lender, raised $60 million.
  7. Elliptic, a cryptoasset risk management provider, raised a $60 million Series C from backers including JP Morgan.
  8. Stable, an agricultural finance platform, raised a $60 million Series B.
  9. ADDX, a Thai blockchain-based digital securities exchange, raised a $58 million pre-Series B.
  10. FlipOS, the platform for professional single-family home investors, raised $50 million.
  11. Deel, a global payroll platform, raised $50 million.
  12. Hyperpay, a Saudi payment gateway, raised $40 million from Mastercard.
  13. Freetrade, a UK-based commission-free stock trading app, raised a £30 million convertible note.
  14. UnDosTres, a Mexican airtime top-up service, raised a $30 million Series B.
  15. Previse, a UK-based digital lender to small businesses, raised an $18 million Series B.
  16. Marvin, a Brazilian B2B payments company, raised a $15 million Series A.
  17. ZenLedger, a tax and accounting platform for crypto, raised a $15 million Series B.
  18. Enhanced Digital, a structured digital asset provider, raised a $12.5 million seed round.
  19. Equipifi, a provider of buy-now-pay-later solutions to banks, raised a $12 million Series A.
  20. Pebble, a defi-based interest yield account for Southeast Asia, raised $6.2 million.
  21. Moves, a Canadian banking app for gig workers, raised a CAD $6.39 million ($5 million) seed round.
  22. Jupiter Exchange, an alternative asset exchange, raised a $5 million seed round.
  23. Altan Insights, an alternative asset investing intelligence platform, raised a $4 million seed round.
  24. Tranch, a UK buy-now-pay-later for business startup, raised £3.5 million.
  25. Parvis, a Canadian real estate investing platform, raised a $2.7 million Series A.
  26. TopUp Mama, a Kenyan financial services provider to restaurants, raised a $1.7 million seed round.
  27. Kapaga, a UK B2B cross-border payment platform, raised £1.5 million.
  28. Tred, a UK carbon-tracking debit card and app, crowdfunded £600,000.
  29. Bloom, a European revenue-based financing startup for e-commerce, raised a £300 million combination Series A and debt facility.
  30. Apex Group, a global financial services provider, raised new strategic funding from Carlyle and Mubadala.
  31. 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.
  32. 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.

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