Hello Fintech Friends,

⛰️ Calling all our Seattle friends - let’s prove that Seattle is the next fintech hub by enjoying the great weather, great conversations, and new connections on a sunny Ballard rooftop this August. Register here to hang out with fellow fintech founders, builders, and operators and become part of a growing insider community of entrepreneurs. Sponsored by Seattle Bank.

Editor's Note: We featured the wrong link yesterday for our friends at Basis; you can find them here: https://usebasis.co/jobs

💡 Webinar: Join me on August 3^rd at 1pm ET as I moderate this installment of Cross River’s faster payments webinar series with Plaid. I’ll be diving deep into the bank-fintech partnership model, revealing the keys to successful collaborations that benefit businesses and consumers alike. Register here.

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

 Pitchbook published their Fintech & Payments Public Comp Sheet and Valuation Guide this week: "Share prices for recently public fintech companies have been rebounding faster than the wider market. Still, investors are prioritizing profitability, as traditional IPOs have outperformed SPACs. Neobanks, insurtech, proptech, and high-growth payments companies are all working to turn a profit, whereas well-funded incumbents are pursuing M&A."

💸 Venture Financing

1. Thunes, a cross-border B2B payments platform, raised $72 million at a $900 million valuation.
2. RISC Zero, a tool for enabling private transactions on blockchains, raised $40 million.
3. Karat Financial, a financial operating platform for influencers and content creators, raised $40 million in debt and $30 million in equity.
4. Silo, a financial management platform for food supply chain companies, raised a $32 million Series C.
5. Collectly, a payment platform for healthcare bills, raised a $29 million Series A.
6. Runway, which replaces financial planning in spreadsheets with “intuitive” financial modeling, planning and reporting workflows, raised a $27.5 million Series A.
7. Mynd, a single-family rental investment solution, raised $20 million.
8. Cognaize, a platform to process unstructured data for financial AI applications, raised $18 million.
9. Anduin, a platform to connect GPs and LPs in private markets, raised a $15 million Series B.
10. 73 Strings, a valuation and portfolio monitoring software, raised a $10 million Series A.
11. Radiant Capital, a cross-chain decentralized finance lender, raised $10 million from Binance.
12. Charlie, a financial stability platform for older Americans, raised a $7.5 million seed.
13. Flash, a QR code payment solution for Egypt, raised $6 million in seed funding.
14. Ethena, a stablecoin developer secured by ethereum derivatives, raised a $6 million seed.
15. Bureau, an ID verification platform for fintech and insurance businesses, added $4.5 million to its Series A, bringing it to $16.5 million.
16. Colleen, a platform optimizing payment collections for multifamily real estate business, raised a $3.5 million seed round.
17. Shinkansen, a Chilean API for money movement, raised $3 million to expand into México and Perú.
18. SquadTrip, an automated payment solution for group trips, raised $1.3 million.
19. Curvo, a European investing app for young people, raised a €500,000 seed.
20. Zuvy, a Nigerian invoice financing company, raised a $4.5 million mix of debt and equity.

💵 Debt Financing

• TP24, a UK provider of flexible revolving business credit, secured £345m in debt funding from Barclays and M&G.
• Silvr, a small business and entrepreneur financing platform in Europe, secured a €230 million credit facility from Citi and Channel Capital.
• Defacto, an embedded short-term loan provider to French small and medium businesses, secured a new €167 million credit facility.

Pssst - if you like early-stage fintech investing, come join our angel syndicate.