Hello Fintech Friends,

I'm still feeling the energy from this week's Mexico City fintech immersion program - the enthusiasm in the Mexican and LatAm fintech ecosystem is contagious, and in-spite of the VC pullback, there is an incredible amount of momentum among early-stage startups.

Yesterday, we had JP Morgan's Chief Economist for Mexico & Central America give a talk to contextualize fintech in the narrative of broader economic changes.

And speaking of LatAm fintech, our KYC platform portfolio company Zenpli recently talked on the major identity verification gaps still to be resolved across Latin America (in Spanish).

Lastly, it looks like we missed one partnership announcement yesterday! Navan and Citi announced a new joint travel and expense system for Citi Commercial cardholders:

Citi inks deal with fintech Navan, says ‘not having to file an expense report is like nirvana’ | TechCrunch

The fintech and the card giant announced a new, jointly branded travel and expense system designed for Citi Commercial (CCB) cardholders.

TechCrunchMary Ann Azevedo

https://cognitivebusiness.news/us-fintech-startup-funding-saw-a-precipitous-fall-in-the-third-quarter/Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)

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

📊 Stat of the Week

Over 7 in 10 UK adults have been targeted by financial scams in the last month, according to new data from NatWest.

💸 Venture Financing

US FinTech Startup Funding Saw a Precipitous Fall in the Third Quarter

1. Nova Credit, which is buiding an international credit bureau for migrating credit history, raised a $45 million Series C to build new products for lenders using alternative credit data.
2. Prove Identity, a fraud reduction platform that works with Synchrony and Zelle, raised a $40 million funding round at a $1 billion valuation from backers including Capital One.
3. Neo, an Indian suite of wealth and asset management services, raised $35 million.
4. Lanes & Planes, a German booking and payments provider specific to corporate travel, raised a $35 million Series B.
5. SynFutures, a decentralized crypto derivatives exchange, raised a $22 million Series B (see a screenshot of their product below).
6. Globacap, a capital markets technology firm, raised a $21 million Series B.
7. Membrane Labs, which is building a crypto prime broker, raised a $20 million Series A from a range of trading firms.
8. Nexu, a Mexican auto financing platform, raised a $20 million Series B.
9. iink, a payments platform for the disbursement of funds associated with multi-party property insurance claims, raised a $12 million Series A.
10. Statement, an AI-based cash flow intelligence company, raised $12 million in seed funding.
11. Procurify, a business procurement and payments company, raised $4 million.
12. Finzly, a payments infrastructure provider for financial institutions, raised a $10 million Series A.
13. Jiraaf, an Indian fixed income investing startup, raised an $8.7 million Series B.
14. Flanks, a European API for automated wealth services, raised an $8 million Series A.
15. Account Labs, a Singaporean crypto wallet provider, raised $7.7 million.
16. Mon Petit Placement, a French accessible investing app, raised €6.5 million.
17. Carbon Equity, a climate venture capital and private equity fund investing platform, raised a €6 million Series A.
18. Beluga, a crypto platform for people new to crypto, raised a $4 million seed round.
19. Basis, an AI-enabled accounting firm, raised a $3.6 million seed round.
20. Auquan, a company that looks to transform unstructured data into actionable intelligence for financial services customers, raised a $3.5 million seed round.
21. Akahu, an Australia and New Zealand open banking platform, raised $1.4 million.
22. Skipify, a French online checkout experience builder, raised strategic investment from Samsung.

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💵 Debt Financing

• UK small business lender iwoca secured a new £200 million credit facility after passing £2.5 billion in cumulative lending volume.
• Tribal Credit announced its expansion into Saudi Arabia and accompanying $150 million renewed debt facility for its expense management platform.