This Week in Fintech (6/18)

This Week in Fintech (6/18)

Hello Fintech Friends,

Our podcast is out!

Hey Fintech Friends is our biweekly rundown of all the fintech news that’s fit to talk about, hosted by our teammate Helen Femi. This week, our guest is Rohit Sharma, co-founder of embedded lender Kanmon.

Please find another week of fintech financing events below.

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💸 Venture Financing
  1. Metropolis, a builder of payment infrastructure for parking facilities, raised a $167 million Series B.
  2. Paycargo, a freight payments company, raised a $130 million Series C.
  3. MFS Africa, a pan-African payments firm, extended its Series C by $100 million, bringing the total to $200 million.
  4. Flip, an Indonesian payments platform, raised a $55 million Series B extension.
  5. Dastgyr, a Pakistani B2B marketplace focused on financial inclusion, raised $37 million Series A.
  6. Upvest, a German investment API, raised a $42 million Series B.
  7. Nava Benefits, a payroll, billing, and HR platform for small businesses, raised a $40 million Series B.
  8. Narmi, a provider to layer additional services on top of digital banking infrastructure, raised a $35 million Series B.
  9. Cube, a financial planning and analysis platform, raised a $30 million Series B.
  10. Allica Bank, a UK small business-focused neobank, raised £25 million in equity and £30 million in Tier 2 credit.
  11. Airbank, a financial management and account aggregation platform for businesses, raised $20 million in funding.
  12. KEO World, a B2B buy-now-pay-later provider, raised $20 million of growth equity.
  13. Able, a commercial loan enablement provider, raised a $20 million Series A.
  14. Kinly, a neobank focused on serving Black Americans (f/k/a First Boulevard), raised a $15 million Series A.
  15. CapIntel, a workflow and fund analysis service for financial advisors, raised an $11 million Series A.
  16. Clausematch, an automated policy management and compliance software for financial institutions, raised $10.8 million in strategic funding.
  17. Factris, a Dutch alternative factoring company, raised €10 million.
  18. Auxilius, a financial planning software for clinical trials, raised $10 million.
  19. Swoop, a one-stop financing platform for small businesses, raised £5.4 million.
  20. Prometheus, an investing insights platform for family offices, raised a $5 million pre-Series A.
  21. Mewt, an Indian banking app, raised $4.8 million in seed funding.
  22. Bits of Stock, a rewards platform that lets shoppers earn fractional stock shares, raised $4.4 million in seed funding.
  23. Webio, a conversational AI builder for the debt collection and repayment industry, raised €3.84 million.
  24. Destaxa, a Brazilian platform for offline retailers to access payment networks, raised $3.1 million in seed funding.
  25. Nume Crypto, a crypto payments processing startup, raised $2 million.
  26. Mast, a UK mortgage origination provider, raised £1.2 million.
  27. ManageAmerica, a property management software provider, received a strategic investment from Serent Capital.
  28. Klarna, the buy-now-pay-later giant, is reportedly raising funds at a $15 billion valuation, down from $46 billion.

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