Hello Fintech Friends,

Please find another week of fintech financing events below.

Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm

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News coverage written and provided by Rachel Chang.

Stat of the Week

Pix, Brazil’s national payments system, now serves three-quarters of adults and 19 million businesses and processes 45% of all payments nationwide. Platforms like Cumbuca are helping global companies tap into Brazil by offering direct access to the Central Bank through a payment initiation license.

Venture Financing

• Flex raised $60 million in Series B at a $500 million valuation to build an AI-powered, all-in-one finance platform for mid-sized businesses, bundling private credit, business finance, personal finance, and payments.
• Sokin raised €42.9 million (~$50 million) in a Series B at a $300 million valuation to expand its global payments and treasury infrastructure platform.
• Nevis raised $35 million in Series A to build an AI-powered wealth management platform to help financial advisors automate workflows.
• Higala raised $4 million to expand digital services for rural banks and microfinance institutions across the Philippines.
• Barker raised $3.5 million to scale its agentic valuation system, transforming illiquid asset valuations into insurance-backed instruments.
• Pruv Finance raised $3 million to build compliant real-world asset (RWA) infrastructure that enables on-chain distribution of tokenized assets.
• Mannjal raised ₹17.5 crore (~$1.9 million) in a seed round to scale its lending infrastructure for financial institutions serving underserved entrepreneurs.
• Renno raised €1 million (~$1.2 million) to tackle cash flow delays in Europe’s €850 billion construction sector, helping contractors get paid faster.

Debt Financing

• Placet Group secured a €12.5 million loan facility via Multitude AG’s wholesale-banking unit to grow its consumer and SME lending operations in Estonia.

Venture Funds

• Nexus Venture Partners, an Indian VC firm, closed a $700 million fund to back fintech, AI, enterprise software, and consumer startups.
• Expedition Growth Capital raised €323 million (~$375 million) for its Fund III to back bootstrapped, high-growth software companies across Europe, and has previously invested in fintech and payments startups.

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