Fundraises

Will Citigroup and Carlyle change fintech funding? (TWIF 6/14)

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How hot is fintech this summer?

News broke this week that Citigroup and Carlyle are teaming up to provide debt and equity financing to "growing financial technology firms," looking to take advantage of the booming asset-backed finance market.

“As these fintech companies mature they seek financing across both private and public markets,” Akhil Bansal, head of asset-backed finance at Carlyle, said in an interview. “With Carlyle’s ability to provide private capital financing and Citi’s to arrange public securitizations, we plan on covering their financing needs over their lifetime.”

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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Venture Financing

Wealthbox secured a $200 million majority investment from Sixth Street Growth to accelerate product development and expansion.
Abacum raised $60 million in a Series B round to enhance its financial planning software.
Octaura raised $46.5 million in funding to grow its syndicated loan and CLO electronic trading platform.
Fermat secured $45 million to scale its commerce infrastructure for creators and digital storefronts.
Hypernative raised $40 million to strengthen its real-time crypto threat detection and prevention platform.
Tebi, founded by a former Adyen co-founder, raised $30 million to develop its serverless infrastructure startup.
Payrails raised $32 million in a Series A round to help global enterprises optimize their payment performance.
Turnkey, launched by former Coinbase execs, secured $30 million to expand its crypto wallet infrastructure services.
Noah raised $22 million to build a global stablecoin payments network for consumers and merchants.
Farsight secured $16 million to simplify enterprise workflow orchestration and operations.
Teal raised $14 million to expand its payroll data infrastructure offerings.
AgentSmyth raised $8.7 million to develop autonomous AI agents for institutional trading in financial markets.
Piston raised $7.5 million to modernize fleet fueling with a cardless payment platform.
OpenTrade secured $7 million to build its "stablecoin-as-a-service" infrastructure for capital markets.
FinanceKey secured €3 million (~$3.2 million) to automate workflows for corporate finance teams.
RetroRate raised a $2.2 million seed round to expand its assumable mortgage-focused real estate marketplace.
Parlay Finance raised $2 million in seed funding to simplify DeFi access for institutional investors.

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Sponsored Content

Looking to build stronger relationships with financial partners and earn consumer trust?

Download our Fintech Due Diligence Playbook to learn how to create a thorough due diligence package that meets the expectations of your prospective partners.