This Week in Fintech (6/4)

This Week in Fintech (6/4)

Hello Fintech Friends,

We’re starting a new series to amplify the work of fintechies who have been historically underrepresented in the start-up ecosystem, especially those who are black, indigenous, and people of color.

Please help us by submitting your favorite people to our Overlooked Operators, Founders, and Investors nomination form!

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
  1. Acrisure, a wealth management and insurance services provider, raised a Series B-2 (read: private equity) round of $725 million at a $23 billion valuation.
  2. Starkware, which facilitates building faster transaction applications on ethereum (layer 2), raised a $100 million Series D.
  3. Slice, an Indian digital credit card provider, raised a $50 million Series C at a $1.5 billion valuation.
  4. Foxen, a provider of payment solutions to the real estate industry, raised a $44 million Series A.
  5. Mondu, a German business-focused buy-now-pay-later startup, raised a $43 million Series A.
  6. StrideOne, an Indian non-banking financial company, raised ₹250 crore ($32.25 million).
  7. Humi, a Canadian payroll and HR platform, raised C$31 million.
  8., which provides tools for hourly payroll and worker compensation, raised $27 million.
  9. Kroo, a mobile-only UK neobank, raised £26 million.
  10. First Digital, a trustee that helps financial institutions custody digital assets, raised $20 million.
  11. Pine, a Canadian mortgage broker and lender, raised a C$21 million Series A.
  12. HitPay, a payment gateway and point-of-sale software developer for small businesses, raised a $15.75 million Series A.
  13. Incognia, a mobile identity and anti-fraud provider, raised a $15.5 million Series A.
  14. Ecolytiq, a sustainable finance CO2 tracker, raised €13.5 million led by Visa.
  15. Sanlo, a suite of products for game and app companies to manage their finances and capital, raised a $10 million Series A.
  16. Tandym, a branded credit card provider to e-commerce companies, raised $10 million in equity and $50 million in debt to lend.
  17. Merge, which is building banking and payments infrastructure for web3 companies, raised a $9.5 million seed round.
  18. Circit, an Irish open banking tool for auditors, raised a €6.5 million Series A.
  19. Cloudwall, a risk management builder for digital assets, raised $6.3 million in seed funding.
  20. Constrafor, a lender to construction subcontractors, raised $6.3 million in equity and $100 million in lending debt.
  21. Managed App, a payment gateway for the property management industry, raised $5.3 million.
  22. Liminal, the builder of wallet infrastructure for digital assets, raised $4.7 million.
  23. Talk360, a South African integrated payments platform for cross-border businesses, raised a $4 million seed round.
  24. Alloy, a German decentralized finance platform for institutional investors, raised a $3 million pre-seed.
  25. Edge *, the builder of an unbiased payments operating system for high-risk industries, raised a $2.4 million pre-seed.
  26. Koban, a Bolivian payments, money transfer, and budgeting app, raised a $2.3 million pre-seed.
  27. Debbie, a behavioral savings product builder, raised $1.2 million.
  28. Givepenny, a charity payments and fundraising service provider, raised £1.25 million.
  29. Onramp Funds, a provider of financing to e-commerce sellers, raised $42 million in equity and lending debt.
  30. Arteria AI, a financial document management tool, raised funding from Citi.
💵 Debt Financing
  • Auxmoney completed a social bond securitization of its loans for €225 million.
💰 Venture Funds
  • Digital asset exchange Binance launched a $500 million fund for investing in web3, crypto, and blockchain companies.

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