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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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One-third of last week's European funding went to fintech (TWIF 2/17)

One-third of last week's European funding went to fintech (TWIF 2/17)
Bettina Graziani, Italy

Hello Fintech Friends,

We hosted a great dinner last week in New York with our friends at Company Ventures and Emigrant Venture Partners. I can't wait for the next one – which great operators, rising stars, and new founders in NYC shoud we invite next?

This week saw 25 new fintech fundraises – the market is starting to wake up.

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


📊 Stat of the Week

American consumers lost over $10 billion to financial fraud in 2023, up 14% from the year prior.

Investment into early-stage fintech deals fell to levels not seen since 2016 last year, but venture firms are confident that deals will rebound in 2024 – especially given fintech deals accounted for over 1/3 of the €745 million raised by European tech companies last week.

💸 Venture Financing
  • Finom, a Dutch small business-focused neobank (below), raised a €50 million Series B.
  • Bold, an electronic payments infrastructure builder in Colombia, raised a $50 million Series C.
  • Rasa, a conversational AI that powers virtual assistants for two of the world's top three banks, raised a $30 million Series C from backers including PayPal.
  • PatientFi, a financing platform to help patients pay for out-of-pocket procedures, raised $25 million.
  • Duetti, a music rights financing and purchase provider, raised $15 million in equity and secured a $75 million credit facility.
  • Navro*, formerly known as Paytrix, raised $14 million in its Series A.
  • Architect Financial Technologies, a Robinhood-type investing platform for sophisticated traders built by the ex-President of FTX, raised $12 million in seed funding.
  • Fordefi, a crypto wallet-as-a-service provider, raised a $10 million seed extension.
  • Exponential Markets, a builder of tradable financial instruments designed to offer new levels of hedging capabilities and risk management, raised just over $10 million in strategic funding from backers including Citi.
  • FlowFi, a startup creating a marketplace of finance experts for entrepreneurs, raised $9 million in seed funding.
  • Anatomy, the builder of AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing, raised $7.6 million.
  • Rogo, a generative AI lawyer for bankers and analysts, raised a $7 million seed round.
  • Superform Labs, a yield marketplace for DeFi, raised a $6.5 million seed round.
  • Mia Share, a payments platform for trade schools, raised $6.5 million.
  • Omega, a Layer 1 infrastructure builder that allows bitcoin holders to generate yield from their holdings, raised $6 million.
  • Sibli, a startup using AI to help asset managers in the investment research process, raised a $4.5 million seed round.
  • Cascading AI, an embedded loan origin system for banks built with AI, raised a $3.9 million pre-seed.
  • Techreo, a Mexican financial services provider to the underbanked, raised $3.4 million.
  • Ribbon, a startup that helps banks automate inheritance claims, raised a $2.7 million pre-seed round.
  • RealReports, a provider of property financial and transaction data to the real estate market, raised a $2 million seed round.
  • Kema, a Dubai-based provider of B2B payments and invoice-to-cash processing, raised a $2 million pre-seed.
  • Parlay, which helps small businesses qualify for bank loans, raised a $1.3 million pre-seed.
  • Bitwala, a German instant bitcoin and ethereum trading app, raised funding.
  • ClearOne Advantage, a Baltimore-based debt resolution services provider, received a private equity investment.
  • Mission Lane, the consumer credit card startup that originated from lender LendUp, reportedly raised a $50 million insider equity round.
Finom

💵 Debt Financing
  • Pagaya, which enables financial institutions to expand access to more customers through its artificial intelligence network, secured a $280 million credit facility from backers including Blackrock, UBS, and JP Morgan Chase.
  • Canadian corporate card and expense management provider Float raised a $50 million credit facility from SVB.

💵 Venture Funds
  • Beta Boom, a venture fund focused on fintech and digital health, raised a $14.5 million Fund II.

📺
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