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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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FloQast keeps unicorn status with $100M Series E (TWIF 4/13)

FloQast keeps unicorn status with $100M Series E (TWIF 4/13)
20 Years in the Desert

Hello Fintech Friends,

A few new stories from around the TWIF Cinematic Universe this week:

Signals: Unnatural acts
I’ve spent my career in fintech, but the journey started before I had even graduated college in 2010 (I am old). To snapshot the moment: my phone was a Motorola Slider, I had never owned a credit card, TiK ToK was the #1 song of the year (not a social
🎧The Fintech OG Series:Jake Gibson and Nik Milanović
Happy fintech week, friends! This week I’m excited to have Jake Gibson of NerdWallet and BTV as well as our very own Nik Milanović on the podcast. Beyond their professional insights, both of them offered candid reflections on personal growth, the importance of resilience, and the impact of their work
This Month in Fintech - China (March 24’)
Hello again fintech friends, Please find another month of Chinese fintech news, financings and product launches below. Licensing & Regulations * House has passed Tiktok ban bill, resulting in a slowdown in user growth for the first time in its history. * The divesting proposal of TikTok has given rise to the concept
The Fintech Fund 🚀 on LinkedIn: Thank you to the Empire Startups - Everything FinTech and Rise, created by…
Thank you to the Empire Startups - Everything FinTech and Rise, created by Barclays teams for having us pitch to 100+ founders at the NY Fintech Week Investor…

Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)


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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. Are you a fintech angel investor? Come join our syndicate.


📊 Stat of the Week

Of the 260 companies in the latest YC cohort, nearly 30 of them, or 8%, were classified as fintech. That compares to 10% in the summer of 2023, 21% in the summer of 2022 and 24% in the winter of 2022. (Source)

According to the IMF, banks have been hit with over $12 billion in losses over the last two decades as a result of cyber attacks. (Source)

💸 Venture Financing
  • FloQast, a provider of workflows and automation for the office of the CFO, raised a $100 million Series E at a $1.6 billion valuation.
  • Factorial, a Spanish provider of a payroll and HR management platform for global businesses, raised $80 million.
  • Anrok, a platform for collecting and calculating sales tax, raised a $30 million Series B at a $250 million valuation and disclosed a 260% jump in revenues.
  • Mezo, a bitcoin "economic layer," which will focus on creating an ecosystem of applications based on users' economic needs, from groceries to tuition, emerged from stealth with $21 million.
  • Mimo, a financial management platform for small and medium-sized businesses, raised £15.5 million.
  • Pactio, a British private equity management software start-up, raised an £11 million Series A.
  • Leasecake, a provider of lease and location management solutions tailored for multi-unit operators, raised a $10 million Series A extension.
  • Summer, a workplace student loan retirement matching solution, raised a $9 million funding round.
  • Smartpay, a Japanese provider of installment loans at the point of sale, raised a $7 million pre-Series A round.
  • Tabs, an accounts receivable automation platform, raised a $7 million seed round.
  • TaxDown, which helps customers in Spain and Latin America file their taxes, raised €5 million.
  • OpenTrade, an on-chain institutional lending and yield products platform, raised $3.2 million in seed funding.
  • TransferGo, a British consumer platform for global remittances, raised a $10 million growth round to expand into Asia at roughly 2x its $200-300 million valuation.
  • Hapax, a generative AI builder for financial services, raised a $2.6 million seed round.
  • Bumper, a UK startup that provides car purchase and repair financing, raised a £2 million Series B extension.
  • Zoth, a liquidity provider across traditional and decentralized finance, raised $2.5 million.
  • Funding Xchange, a provider of white-label software solutions for banks and lenders, raised a Series B of undisclosed amount from Barclays.
  • Navi, an Indian startup which offers personal and home loans as well as health insurance to customers, built by the Flipkart founder, is talking to investors about raising between $200 and $400 million at a $2 billion valuation.

💵 Debt Financing
  • The People's Bank of China announced a $70 billion re-lending scheme to boost the country's science and tech sector.
  • Small business embedded lending provider Parafin secured a $125 million warehouse facility from Silicon Valley Bank.


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