Hello Fintech Friends,

One of my favorite stories from our fintech events is about the Affiniti founders, who are building an SMB banking and payments platform. They came to a TWIF event in 2021, which they couldn't get into as Berkeley undergrads due to the venue's age restrictions. Instead of joining the party, they decided to start a company, and this week announced $62 million in new equity and debt. Congrats!

International fintech is on fire this week with Uala's monster round at a $2.75B valuation, Neo Financial's $110M Series D, and Lean's $68M Series B. Read on for more fundraises.

Please find another week of fintech financing events below.

(PS: Have feedback for us? 👍👎 Let us know!)

In 2022, there was a 43% increase in identity theft and a 45% increase in synthetic identity fraud. With the rise of GenAI tools, these attacks continue to grow.

Footprint will be hosting a Webinar on November 20th, to share tips and strategies around optimizing your onboarding experience in the age of GenAI fraud.

The webinar will be led by Dave Argoff, Head of Risk at Footprint. He will share learnings from his time at Footprint and experience leading fraud and risk teams at Stripe and Sardine. Reserve your spot below. 

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

📊 Stat of the Week

💸 Venture Financing

• Argentina's mobile payments and debit card provider Ualá secured $300 million at a $2.75 billion valuation, aiming to expand its financial services across Latin America. Read More
• Canadian consumer neobank Neo Financial raised a C$110 million Series D and C$250 million of debt as it expands lending to its customers. Read More
• Lean Technologies, the builder of payments infrastructure tools in the Middle East raised $67.5 million in a Series B. Read More
• Italian payments app Satispay raised €60 million and announced plans to introduce investment services in 2025. Read More
• Treasury management platform Agicap secured $45 million in a Series C round, enhancing its financial solutions for businesses. Read More
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• Trolley, a Canadian payouts platform, raised $23 million in Series B funding to fuel its expansion efforts. Read More
• Parker, a banking platform for e-commerce companies, raised $20 million in a Series B round to build its financial data suite. Read More
• Morgan Stanley invested $20 million in embedded financial and payment infrastructure service provider NovoPayment. Read More
• Vega raised $20 million in Series A funding, led by Apollo and Motive Partners, to scale its AltOS platform for private markets. Read More
• SmartBank raised $18.8 million to develop its personal finance management app, improving budgeting and investment tools. Read More
• Cryptocurrency compliance solutions provider Notabene raised a $14.5 million Series B. Read More
• Brazilian fintech Tako emerged from stealth with a $13.2 million seed round, marking its entry into the market. Read More
• Fintech Cometa secured $12 million to drive its growth in Mexico. Read More
• Read More
• SMB credit card provider Affiniti raised $11 million in equity (as well as $15 million in in debt that can be upsized to $50 million), enhancing its credit offerings for small businesses. Read More
• German financial data analytics firm big xyt raised €10 million to enhance its data solutions. Read More
• Equal raised a $10 million Series A to combat cyber fraud in India, leveraging recent funding to expand its solutions. Read More
• Bluespine raised a $7.2 seed round to address health claims overbilling, a key issue in the healthcare sector. Read More
• Augmentum Fintech led a $7 million funding round in expense management firm Pemo, facilitating its expansion. Read More
• Asset-based financing platform Tranched raised $3.4 million in a pre-seed round. Read More
• Zeplyn, an AI assistant for financial advisors, raised $3 million in seed funding. Read More
• Ooodles, an IT leasing and procurement platform, raised €2.5 million to launch its services in Ireland, broadening its market reach. Read More
• Craftt raised $2 million to develop universal benefits and payments for independent workers. Read More
• Lloyds' PE unit invested in LendingMetrics to support its credit analytics platform. Read More
• Cloud finance management platform FutureBank raised funding to strengthen its technology for businesses. Read More
• Japanese banking conglomerate SBI Holdings plans to acquire all outstanding shares of its publicly-listed fintech subsidiary SBI FinTech Solutions through a tender offer. This includes shares listed on the KOSDAQ market in South Korea via Korean Depositary Receipts. Read More

💵 Debt Financing

• Iwoca, one of Europe’s largest small business fintech lenders, secured a new £200 million debt package from Citi and Waterfall Asset Management (allowing it to double its business loan offer ceiling to £1 million).

In 2022, there was a 43% increase in identity theft and a 45% increase in synthetic identity fraud. With the rise of GenAI tools, these attacks continue to grow.

Footprint will be hosting a Webinar on November 20th, to share tips and strategies around optimizing your onboarding experience in the age of GenAI fraud.

The webinar will be led by Dave Argoff, Head of Risk at Footprint. He will share learnings from his time at Footprint and experience leading fraud and risk teams at Stripe and Sardine. Reserve your spot below.

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

Want to invest in the best fintech companies of tomorrow? Come join our syndicate.