Fundraises

🇲🇽 Nubank Mexico reaches 10M customers (TWIF 2/1)

Hello Fintech Friends,

We were excited to announce our investment in WiseLayer* this week, who raised $7.2 million from us, Canaan, Unpopular, and K5. WiseLayer makes task-specific AI workers that automate time-consuming tasks for finance & accounting teams for 100+ firms, including mid-sized & public companies.

And if you missed it, we published Vol. 2 of our new stablecoin newsletter:

Please find another week of fintech financing events below.

(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)

💡

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📊 Stat of the Week

5 years after launching its first product in Mexico, Nubank announced that it reached 10 million customers in the country, doubling its userbase over the past 12 months.

💸 Venture Financing

Leap, an Indian lender to students studying abroad, raised $65 million in funding.
Swan, a European banking-as-a-service provider with customers like Pennylane and Indy, extended its Series B with an additional $42 million.
Finout raised a $40 million Series C round for its cloud cost management service.
Closinglock, a fraud prevention technology provider for the real estate industry, raised a $34 million Series B.
iplicit, a UK cloud accounting software platform, raised £25 million.
Formance raised a $21 million Series A to develop fintech ledgering infrastructure. The startup is also working on a mass payout product for marketplaces and other companies that need to issue payments.
OneVest secured $20 million in a Series B funding to revolutionize wealth management.
Token Security, which develops non-human identity security solutions, raised $20 million in Series A funding.
Humanity Protocol raised $20 million at a valuation of $1.1 billion to build a 'proof of personhood' decentralized digital identity product.
Anchor, an autonomous billing & collections platform, announced its $20 million Series A.
Neospace, a Brazilian startup building internal-use AI for banks, raised $18 million from backers including Itau Bank.
Sign received a $16 million investment from Binance founder CZ for its token airdrop service.
Zaion, a French provider of conversational AI for banking chatbots, secured €11 million.
SignalPlus, a a Singapore-based provider of software and infrastructure solutions for crypto derivatives, closed an $11 million Series B funding round.
129Knots, a Singapore-based scalable liquidity provider, secured $10 million to address a $25 trillion trade gap.
Pod raised $10 million to build a ‘consensusless’ Layer 1 network aiming for faster transaction speeds.
Furaha, a purpose-driven lending platform, received a $10 million investment.
Cedar Money raised $9.9 million in a seed round to enable cross-border stablecoin payments.
Crowded, a startup that aids nonprofits in financial management, raised $7.5 million.
Ambak, an Indian fintech marketplace for home finance, secured $7 million in pre-series A funding.
WiseLayer* raised $7 million to develop AI finance agents.
Foyer unlocked $6.2 million to assist individuals in saving for home purchases.
Swoop, a global funding and savings platform that connects businesses with loans, grants, equity funding and savings opportunities, raised $6 million.
Bags, a capital provider to small businesses, raised $5 million.
Bizloan, a Bengaluru-based lending tech startup, raised a $4.22 million Series A.
Cauridor raised $3.5 million in seed funding to tackle cross-border payment issues in Francophone Africa.
Yavrio raised $2.4 million in seed funding for its open banking fintech solutions.
Kodesage, an AI startup for modernizing legacy banking systems, raised €2.3 million in pre-seed funding.
Wyzr, an AI CFO product for small businesses, won £400,000 from NatWest's Dragons Den.
NatWest also invested in Serene, an AI startup dedicated to tackling financial vulnerability.
RiskExec, a compliance reporting and analytics platform that helps lenders meet evolving regulatory requirements, announced a strategic growth investment from Vista Equity Partners.
Leverest, a German debt marketplace, raised an undisclosed amount of funding from investors.

💵 Debt Financing

Forus, a Saudi debt crowdlending platforms specializing in working capital solutions for SMBs, secured a $60 million debt facility.
Sokin, a UK platfrom to transfer, hold and exchange over 100 currencies with its multi-currency IBAN, received $15 million in debt financing.