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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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Fintech companies still raised *checks notes* $40 billion last year (TWIF 1/14)

Fintech companies still raised *checks notes* $40 billion last year (TWIF 1/14)
Slim Aarons, Portofino 1977

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And please find another week of fintech financing events below.

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UK fintech funding overall fell by 8% in 2022, from $13.5 to $12.5 billion - but Scottish fintech was a brightpoint, with 200% growth in funding to £305 million.

💸 Venture Financing
  1. Xpansiv, an infrastructure provider for environmental investing markets, raised $125 million from backers including Bank of America and Goldman Sachs.
  2. Paytient, a health payment accounts provider, raised a $33 million Series B and $7.5 million in debt.
  3. Fractal Homes, a UK-based fractional home investing startup, raised a $30 million seed round.
  4. Butter Payments, a subscription payments provider to enterprise businesses, raised a $21.5 million Series A.
  5. Gynger, a lender to cover software purchases, raised $11.7 million in seed funding and $10 million in lending debt.
  6. The Easy Co, a social crypto wallet, raised $14.2 million in seed funding.
  7. Mondu, a German B2B payments provider, raised a $13 million Series A extension.
  8. 40Seas, an Israeli platform for cross-border trade finance, raised $11 million in seed funding and $100 million in lending debt.
  9. Penta, a Swiss small business banking startup, raised €3 million.
  10. Canary, a platform for enabling employers to set up emergency relief funds for workers, raised $2.9 million from Capital One.
  11. C14, a crypto on-ramp, raised $2.5 million in seed funding.
  12. Cryptiony, a Polish crypto tax automation provider, raised a €500k pre-seed to expand into the UK.
  13. AccessFintech, a capital markets software builder, raised additional funding from BNP Paribas.
  14. Stripe trimmed its internal valuation to $63 billion.
💰 Venture Funds
  • Mendoza Ventures, a female and Latinx-led fintech venture firm, raised the first $100 million of a fund anchored by Bank of America and Grasshopper Bank.