This Week in Fintech
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This Week in Fintech - Fundraises (10/29)

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:

Please find another week of fintech financing events below.

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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.

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💸 Venture Financing
  1. Bilt Rewards, a loyalty and credit card app that turns points into rent payments, raised $150 million at a $1.5 billion valuation.
  2. ConnexPay, which provides payment acceptance and issuances in one platform, raised $110 million in growth equity.
  3. Trigo, an Israeli cashierless checkout for brick-and-mortar, raised $100 million.
  4. Floryn, a Dutch provider of small business loans, raised €65 million.
  5. Merge, an HR, payroll, and accounting systems provider, raised a $55 million Series B.
  6. Reap, a Hong Kong-based web3 payments provider, raised $40 million.
  7. The Coterie, a startup providing mass-market access to venture capital, raised $40 million at a $100 million+ valuation.
  8. Moneyhub, a UK open finance and data platform, raised £35 million in equity with a £5 million debt facility.
  9. Finexio, a B2B accounts payable provider, raised a $35 million Series B at a $100 million pre-money valuation.
  10. WeTravel, which provides payment and travel planning tools for companies, raised $27 million at a $100 million valuation.
  11. 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.
  12. Tymit, a UK buy-now-pay-later provider, raised a £23 million Series A.
  13. [untitled], a yet-to-be-named Southeast Asian fintech startup launched by three ex-Tinkoff execs, raised $16 million.
  14. Center, an expense management software provider, raised a $15 million Series B.
  15. Mattilda, a digital payment platform for Latin America’s private schools, raised $10 million.
  16. Onward, an app for parental and family finances, raised a $9.7 million Series A.
  17. Bookkeep, an accounting automation platform, raised a $6.6 million seed+ round.
  18. Menta, a platform for business financial inclusion in Argentina, Mexico, and Colombia, raised $6 million.
  19. Zulu, a Colombian digital wallet for Latin American users, raised a $5 million seed.
  20. Sidekick, a UK investment management app, raised a £3.3 million pre-seed.
  21. Vixtra, a Brazilian foreign trade finance platform, raised a $3 million pre-Series A.
  22. Dash 2 Trade, a crypto-trading market intelligence platform, raised $500,000 from “hungry investors.”
  23. Klink Finance, a gamified digital asset investing app, raised $500,000.
  24. Wildfire, a white-label rewards program, raised strategic funding from Citi.
  25. 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.
  26. 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.
  27. 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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