This Week in Fintech (9/17)

This Week in Fintech (9/17)

Hello Fintech Friends,

If you missed it, we’re headed to Dubai and Abu Dhabi at the end of the year to meet with the region’s fintech leaders.

We’ve been overwhelmed by the response - already over 50 applications to join! - and we’ll start sending out invites next week. If you’d like to trek with us, let us know.

Please find another week of fintech financing events below.


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💸 Venture Financing
  1. Fazz, the Southeast Asian digital financial services provider created by the merger of Payfazz and Xfers, raised a $75 million Series C and $25 million in debt.
  2. Ethic, a socially responsible investing app, raised a $50 million Series C.
  3. Portofino, a high-speed trading firm for digital assets, raised $50 million.
  4. Majority, a neobank for migrants in the US, raised a $30 million Series B.
  5. Denim, a financial enablement platform for freight and logistics (formerly Axle), raised a $26 million Series B and $100 million in debt.
  6. Ownera, a platform for tokenizing and trading financial assets, raised a $20 million Series A from backers including JP Morgan.
  7. Kafene, a lease-to-own buy-now-pay-later startup, raised an $18 million Series B.
  8. Candis, a German automated accounting platform, raised $16 million.
  9. Power*, a credit-card-as-a-service platform (and Fintech Fund syndicate portfolio co), raised $16 million in equity and $300 million in lending debt.
  10. Magna, a Carta-like platform for token cap tables, raised a $15 million seed at a $70 million valuation.
  11. Reku, an Idonesian commodities and digital assets trading exchange, raised an $11 million Series A.
  12. Ratio, a credit facility provider for SaaS businesses, raised $11 million in equity and $400 million in debt.
  13. Payall, a cross-border processor for regulated banks, raised a $10 million seed round.
  14. PortX, a fintech spinout from ModusBox, a real-time payments infrastructure provider, raised a $10 million Series A.
  15. Splitit, an Australian publicly-listed buy-now-pay-later provider, raised A$10.5 million.
  16. Kippa, a Nigerian financial management app for merchants, raised $8.4 million in seed funding.
  17. Rosaly, a French salary pay-on-demand startup, raised a $7.5 million seed and $2.5 million in debt.
  18. Composer, an automated investing platform, raised $6 million.
  19. Forward, a Thai protocol for decentralized derivative trading, raised a $5 million seed round.
  20. Allocations, an alternative investment platform, raised $5 million at a $150 million valuation.
  21. SavvyFi, a college savings and student loan repayment app, raised a $4.9 million Series A.
  22. Sender, a Southeast Asian crypto wallet provider, raised $4.5 million.
  23. Claimer, a UK platform for helping companies get government financing, raised a $4.2 million seed round.
  24. Bitmama, a Nigerian blockchain payments startup, raised a $2 million pre-seed.
  25. Freetrade, a UK stock trading app, launched a crowdfunding campaign, after failing to successfully fundraise and raised £1 million.
  26. Lande, a Latvian agricultural financing platform, raised a €550,000 pre-seed to expand to Romania.
💵 Debt Financing
  • Chilean financial services and payments platform Xepelin raised a $140 million credit line from Goldman Sachs, the fintech’s largest credit facility so far.
💰 Venture Funds
  • Venture capital firm Northzone raised €1 billion for a seed-to-scale-up fintech fund.

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