Mexico's Clip banks $100 million (TWIF 6/22)

Turkey and Georgia play out the game of the tournament

Hello Fintech Friends,

This week, Michael wrote up a deep-dive into banking-as-a-service in the UK and Europe:

And I joined the Taking Inventory podcast to talk about where we are in the fintech cycle and what's still exciting in early-stage fintech.

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

📺

Sponsored Content

Raising debt capital is a crucial requirement for card, lending, and neobank startups, but most fintech operators don’t come from a capital markets background. That’s why Finley and Cross River Bank put together this comprehensive guide to raising debt capital. It outlines the people, processes, and partners you need to assemble to execute a debt capital raise. Download your free copy here.

Want to sponsor a newsletter? See our sponsorship information here.

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

📊 Stat of the Week

"44% of U.S. consumers say they are happy with AI being used within their personal banking experience, as long as banks allow them visibility into how it’s being used." (Source)

"The number of fintech startups in Latin America started in the last six years went from 703 companies in 18 countries in 2017 to 3,069 in 26 countries in 2023." (Source, source)

💸 Venture Financing

Celcoin, a Brazilian banking-as-a-service provider, bucking the bad news from their American counterparts, raised $125 million in growth capital.
Clip, a Mexican digital payments and commerce enablement platform, raised $100 million.
Finbourne, a UK platform to help financial companies organize and use more of their data in AI and other models, raised a £55 million Series B.
Finaloop, an accounting simplification software built for e-commerce businesses, raised a $35 million Series A.
Findigs, a tenant and rental identity screening platform, raised a $27 million Series B.
Gynger, a platform that lends capital to companies for technology purchases, raised a $20 million Series A.
Verituity, a platform that identifies the end-recipient of payments to ensure they go to the right party, raised an $18.8 million Series A extension.
Light, the Danish builder of a new general financial ledger (below), raised a $13 million seed round.
Aidentified, an AI-powered prospecting and relationship intelligence platform for financial services professionals, raised a $12.5 million Series B.
Auxilius, a provider of clinical trial financial management software, raised $10 million.
CleverCards, an Irish configurable expense card platform, raised €8 million.
Ramify, a French wealth management and financial advisory platform, raised an €11 million Series A.
Hero, a French small business banking platform, raised an €11.3 million round.
Travel Wallet, a South Korean platform that lets travelers exchange various foreign currencies, raised $10 million.
EnFi, a provider of credit risk analysis and risk monitoring, raised a $7.5 million seed round.
Cadana, an emerging markets payroll services provider for global hiring platforms, raised a $7.1 million seed round.
Materia, which breaks down the silos that exist in accounting firms' unstructured data, raised $6.3 million.
Sahl, an Egyptian digital billing and utility payments provider, raised a $6 million Series A.
Sidekick, a UK wealth management platform for retail consumers, raised £4.5 million in equity and £4 million via a debt facility.
Jump, an AI software for financial advisors, raised $4.6 million.
AfterHour, a social trading and investing startup, raised a $4.5 million seed round.
BayaniPay, a provider of zero-fee, express money transfers to the Philippines, raised a $3 million Series A extension.
Danelfin, a Spanish company using AI to improve stock selection and portfolio management for retail investors, raised €2 million.
Prosperr, which offers a subscription-based product to manage income tax for individuals, raised a $1.55 million pre-seed.
Prosper, (a different company), a platform which offers high-interest bearing returns on balances, raised £800,000 via equity crowdfunding.
Zodia Custody, a digital asset custody platform, raised funding from a group of banks including Standard Chartered, Northern Trust, Japan's SBI Holdings, and National Australia Bank.