Fundraises

Rippling ends the week with $450M in new funds (TWIF 5/10)

Hello Fintech Friends,

Today’s newsletter is brought to you by our friends at Method.

If you missed it yesterday, this week we released our first-ever weekly MENA fintech newsletter, by Maria Najjar. We'll be publishing these each Thursday morning.

We also had what felt like 100+ stablecoin announcements. Follow along with Chuk Okpalugo's great writeup:

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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📊 Stat of the Week

💸 Venture Financing

Rippling: Raised a $450 million Series G round and completed a $200 million tender offer. Rippling provides an employee management platform that handles HR, IT, and finance operations in one system.
Finom: $105 million growth funding for their challenger bank focused on small and medium-sized businesses, offering financial management tools and banking services for SMBs.
HubSync: Over $100 million strategic growth investment for their tax and accounting workflow automation platform.
Juice: $25 million for their founder-focused lending platform that provides financing solutions specifically designed for early-stage startups and entrepreneurs.
Blinq: $25 million Series A for their digital business card platform that allows professionals to create, share, and manage digital business cards with enhanced networking features.
Healthplan Data Solutions: $15 million for advancing their technology in the pharmacy benefit payment space, focusing on improving transparency and efficiency in healthcare payments.
SimpleClosure: $15 million Series A with backing from Carta, offering streamlined solutions for startup shutdowns and wind-downs after Carta abandoned this business segment.
Glide: $15 million for their embedded fintech solutions that help businesses integrate financial services into their existing platforms.
MoneyFellows: $13 million to expand their group savings and credit model (based on traditional ROSCA systems) outside of Egypt to other markets.
RightRev: $13 million for their intelligent revenue recognition platform that helps companies automate and optimize revenue accounting processes.
Dinari: $12.7 million for their tokenized asset platform that converts traditional financial assets into blockchain tokens.
Fuze: $12.2 million for building digital asset infrastructure in the MENA region and Turkey, enabling cryptocurrency and blockchain adoption.
Duna: €10.7 million for their business identity startup focused on secure digital identity verification and management solutions.
Agree: $7.2 million to compete with DocuSign and Bill.com using AI-powered contract and payment management tools.
iPercept: €5 million (approximately $5.4 million) for their predictive AI platform focused on improving industrial machine efficiency and performance.
Savea: $2.5 million in pre-seed funding for their financial services platform.
BVNK: Strategic investment from Visa (amount not specified) for their stablecoin infrastructure and digital asset payment services.
Kintsugi: Strategic investment from Vertex (amount not specified) for their AI-powered tax compliance solutions.

💵 Debt Financing

PowerPay: Secured a $400 million warehouse facility to support their home improvement financing platform. PowerPay provides contractors and homeowners with financing solutions for renovation and improvement projects.
Tide: Raised $100 million in debt financing to launch their new B2B Buy Now, Pay Later product. Tide is a digital business banking platform that is expanding its services to include financing options for small businesses, allowing them to manage cash flow by deferring payments for business purchases.

💡

Sponsored Content

Unlock safer lending decisions with Method’s Direct Repayment—lenders are cutting losses by 30%+ while approving more with real-time payoff visibility.