Hello Fintech Friends,

We've got some great new content to start your weekend:

Our monthly China overview 👇

This Month in Fintech - China (October 23’)

Hey all, October brought lots of meaningful moves in China fintech. Citi’s $3.6BN portfolio sale to HSBC was settled, while the government upped oversight over Tencent by taking a “golden share.” Cross-border activity also thrived - Airwallex expanding into LatAm with MexPago is savvy. And kudos to…

This Week in FintechNing Ye

Our Signals Outlook Survey for Winter '23: "When we gather again in 2024, will the picture be as grim? We asked experts as well as the broader community, and the answer depends on who you ask and which sector or region you’re asking about."

Signals Outlook Survey Winter ’23: Is the fintech pity party over?

Our Winter ’23 survey spotlights the community’s outlook on how venture funding, regulatory changes, and AI will impact fintech over the next 6 months.

This Week in FintechJulie VerHage-Greenberg

And, for those of you in South Africa, probably our nicest Fintech Happy Hour venue yet!

TWIF x Yoco Cape Town Fintech Happy Hour · Luma

Get ready to mix and mingle at the This Week in Fintech Cape Town Fintech Happy Hour co-hosted with Yoco! Join us on November 15, 2023, from 6:30 PM to 10:00 PM, hosted by This Week in Fintech and…

This Week in Fintech

On behalf of our friend Matthew Goldman, we'd also like to share the new Credit-Cards-as-a-Service Market Analysis (use code twif for a $200 discount):

Dive into the comprehensive guide that demystifies the world of credit card programs. Whether you're an established business or a budding entrepreneur, this report offers invaluable insights into the intricacies of launching and managing a credit card program. From understanding the complexities of traditional credit card issuance to the innovative Credit-Cards-as-a-Service (CCaaS) model, this guide equips you with the knowledge to make informed decisions. Learn about the key players in the industry, the roles they play, and the trade-offs involved in different approaches. Our aim? To empower you with the tools and insights needed for a swift program launch and confident long-term decision-making. Don't miss out on this opportunity to gain a competitive edge in the ever-evolving financial landscape.

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

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💸 Venture Financing

1. Enable, a B2B platform for managing rebates, raised $120 million at a $1 billion pre-money valuation.
2. Volante, low-code cloud payments service provider used by 150 banks, raised $66 million.
3. Black Ore, a builder of autonomous tax-prep for CPAs and Accounting Firms, raised $60 million.
4. Qomodo, an Italian suite of smart payment solutions to physical retailers, raised a €34.5 million pre-seed round.
5. Finkargo, a LatAm small business trade platform, raised a $20 million Series A.
6. Arch, a digital admin for private investments, raised a $20 million Series A.
7. Summer, a platform to buy and rent vacation homes, raised an $18 million round and a $50 million debt facility.
8. Goodvest, a savings platform that finances companies commmitted to climate, raised €10 million
9. Almond FinTech, a fiat-to-digital currency bridge, raised $7 million.
10. EduFi, a Singaporean student loan platform (screenshot below), raised a $6.1 million pre-seed.
11. Llama, a platform for on-chain governance and access control, raised $6 million.
12. Performativ, a Danish wealth management tech provider, raised a €5.5 million seed round.
13. Greenlite, an anti-money laundering software provider, raised a $4.8 million seed round.
14. Mogul, a real estate investment marketplace, raised $3.6 million in seed funding.
15. Due, a payment startup built on decentralized rails, raised a $3.3 million seed round.
16. Prosper, a low-fee wealth management app, raised a £3.2 million pre-seed.
17. Era, a next-generation personal financial management app, raised $3.1 million.
18. Sock, a self-custodial investment app, raised a $2.8 million seed round.
19. Eilla, an AI-enabled financial research and analysis platform, raised $1.5 million.
20. Diesta, an automated payment platform for UK insurance, raised £1.5 million.
21. My Easy Transfer, a Tunisian remittances app, raised €400,000.

💵 Debt Financing

• Viably, a working capital solution for e-commerce businesses, secured $50 million in debt capital.

💰 Venture Funds

• Standard Chartered's venture arm joined forces with Japan's SBI Holdings to set up a $100 million digital asset joint venture investment company in the UAE.

We're down to our last tranche of tickets for the Fintech Formal, so we hope to see you there!

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