This Week in Fintech - Fundraises (10/29)

Hello Fintech Friends,
A couple weeks ago, we announced our online fintech community at thisweekinfintech.com/community
Since we announced it, we’ve grown to over 5,000 members (with 200+ signing up in the last couple weeks) but this is just where our work begins!
There is so much that we could offer through our community: mentorship pairings, expert AMAs, a repository of fintech information, a fintech glossary, a directory of fintech people, best practice advice, anonymized operating data, etc.
What we build for the community depends on what you want. Have 5 minutes to share some ideas? Please tell us in our community survey what you’d want to see us build.
Upcoming Events:
- Cape Town Fintech Meetup, November 10th
- Abu Dhabi & Dubai Fintech Trek, December 10-13th
- The Fintech Formal, November 11th (at the Met Club - shown in the image below)

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
- Bilt Rewards, a loyalty and credit card app that turns points into rent payments, raised $150 million at a $1.5 billion valuation.
- ConnexPay, which provides payment acceptance and issuances in one platform, raised $110 million in growth equity.
- Trigo, an Israeli cashierless checkout for brick-and-mortar, raised $100 million.
- Floryn, a Dutch provider of small business loans, raised €65 million.
- Merge, an HR, payroll, and accounting systems provider, raised a $55 million Series B.
- Reap, a Hong Kong-based web3 payments provider, raised $40 million.
- The Coterie, a startup providing mass-market access to venture capital, raised $40 million at a $100 million+ valuation.
- Moneyhub, a UK open finance and data platform, raised £35 million in equity with a £5 million debt facility.
- Finexio, a B2B accounts payable provider, raised a $35 million Series B at a $100 million pre-money valuation.
- WeTravel, which provides payment and travel planning tools for companies, raised $27 million at a $100 million valuation.
- BMLL, a provider of historical Level 3 data and analytics across global equity and futures markets, raised a $26 million Series B investment round from investors including Nasdaq.
- Tymit, a UK buy-now-pay-later provider, raised a £23 million Series A.
- [untitled], a yet-to-be-named Southeast Asian fintech startup launched by three ex-Tinkoff execs, raised $16 million.
- Center, an expense management software provider, raised a $15 million Series B.
- Mattilda, a digital payment platform for Latin America’s private schools, raised $10 million.
- Onward, an app for parental and family finances, raised a $9.7 million Series A.
- Bookkeep, an accounting automation platform, raised a $6.6 million seed+ round.
- Menta, a platform for business financial inclusion in Argentina, Mexico, and Colombia, raised $6 million.
- Zulu, a Colombian digital wallet for Latin American users, raised a $5 million seed.
- Sidekick, a UK investment management app, raised a £3.3 million pre-seed.
- Vixtra, a Brazilian foreign trade finance platform, raised a $3 million pre-Series A.
- Dash 2 Trade, a crypto-trading market intelligence platform, raised $500,000 from “hungry investors.”
- Klink Finance, a gamified digital asset investing app, raised $500,000.
- Wildfire, a white-label rewards program, raised strategic funding from Citi.
- Udaan, an Indian platform that connects merchants with working capital, raised $120 million in combined convertible notes and debt at a $3.1 billion valuation.
- PhonePe, the Indian digital payments giant, is in talks to raise a $450 to $500 million funding round at a valuation of over $12 billion.
- Money View, an Indian digital lender and underwriting app, is in talks to raise a funding round of about $125 million to $150 million at a $1 billion valuation.
💵 Debt Financing
- Personal finance app Achieve raised a new debt facility totaling $225 million from UBS.
- Small business lender Capital On Tap raised a $110 million revolving credit facility.
- Nelo, a Mexican buy-now-pay-later app, raised a $100 million credit facility.
💰 Venture Funds
- Collide Capital raised $66 million for its inaugural fund to invest in underrepresented founders (80% of the portfolio are led by Black, Latinx, or Female Founders).
- UK fintech venture capital firm Illuminate Financial added Barclays as an LP.
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