Hello Fintech Friends,

If you have not been watching these World Cup quarterfinals, let me just say, you are missing the best show in the world.

Switching gears a bit: what would you like to see from This Week in Fintech in 2023?

More events? Different types of events? New cities?

What would make your life and work in fintech easier? What would you want to know each week to stay better informed?

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Please find another week of fintech financing events below.

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If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us) and see our primer on how we make introductions to friendly VCs and debt providers.

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

London has overtaken San Francisco and New York as the capital of fintech funding in the last year, attracting $9.5 billion in venture capital investments, while fintech venture funding is collapsing across the board.

💸 Venture Financing

1. Nubank, the Brazilian consumer banking giant, announced a $330 million equity capitalization for its Mexican subsidiary.
2. Allica Bank, a UK small business-focused neobank, raised a £100 million Series C.
3. MarginEdge, a restaurant management and bill payment platform, raised a $45 million Series C.
4. SetPoint, a infrastructure provider for asset-backed lending and real estate transactions, raised a $43 million Series A.
5. Osome, a Singaporean financial administration platform, raised a $25 million Series B.
6. 9Fin, a UK debt analytics platform, raised a $23 million Series A.
7. Bitwave, a crypto tax accounting platform, raised a $15 million Series A.
8. bondIT, a credit analytics and fixed income data provider, raised $14 million from backers including BNY Mellon.
9. Carputty, an auto financing startup, raised a $12.3 million Series A.
10. Syncfy, a Latin American open finance platform, raised a $10 million seed round.
11. Cacheflow, an embedded finance startup for software sales optimization, raised $10 million.
12. Pylon, an embedded mortgage-as-a-service provider, raised $8.5 million in seed funding.
13. Uplinq, a bookkeeping and analysis platform for SMBs, raised $5.6 million in seed funding.
14. Nikkl, which provides equity financing to employees of unicorns, raised $5 million.
15. AltScore, a provider of B2B embedded lending infrastructure in Latin America, raised a $3.5 million seed round.
16. Sion, a travel advisor commission payments platform, raised a $3.2 million seed round.
17. Seeds, an investing personalization platform, raised a $2.7 million seed round.
18. Flourish Fi, which licenses technology to LatAm banks and fintechs to help them better engage customers, raised a $2.3 million seed round.
19. Akros, a Japanese asset management software builder, raised $2.3 million.
20. Membrane Finance, a Finnish stablecoin service provider, raised a €2 million seed round and obtained an Electronic Money Licence.
21. Finclusion, a pan-African neobank and credit provider, raised $2 million and rebranded to Fin.
22. Tapline, a revenue-based financing provider for SaaS businesses, raised €1.7 million in equity and €30 million in debt.
23. Vidyut, an Indian electric vehicle financing startup, raised $4 million (Rs 32 crore) in equity and debt.
24. Proven Optics, a budgeting and financial forecasting tool for IT, raised funds.
25. Loft, a Brazilian property sales and financing platform, denied reports that it raised funding at a 65% lower valuation ($1 billion).

💵 Debt Financing

• Curve, an all-in-one credit card consolidation provider, raised a $1 billion credit facility from Credit Suisse.
• Personal spending fintech Sunbit also raised a $250 million revolving debt facility from Credit Suisse.

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