Fundraises

Pix's recurring payments pass $30 billion (TWIF 2/8)

Michael Boegl - New York on 35mm

Hello Fintech Friends,

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

Pix, Brazil’s instant payment system, announced that its recurring payments feature has attracted $30 billion in transactions.

💸 Venture Financing

Deel, the global payroll platform, sold $300 million in secondary shares at its $12 billion valuation as it gears up for a 2026 IPO.
Solaris secured a €140 million funding round to strengthen its Banking-as-a-Service platform.
Cashfree Payments raised $53 million in a funding round, reaching a $700 million valuation.
Lynx secured $27 million to bridge the gap between healthcare and finance.
Anchor, a billing and collections platform, secured $20 million in a Series A funding round to enhance its automation capabilities and expand its market reach.
Jump closed a $20 million Series A funding round to develop AI-driven solutions aimed at streamlining financial advisors' workflows.
Khazna, an Egyptian fintech startup, raised $16 million to expand its financial super app and support its planned entry into the Saudi market.
Reservoir, an NFT-focused company, secured a $14 million funding round as it pivoted toward bridging blockchain technology with traditional markets.
Superlogic raised $13.7 million at a $200 million valuation to help consumers convert reward points into unique experiences, enhancing the usability of loyalty programs.
Model ML, a financial modeling platform, raised $12 million.
Neofin, a Brazilian accounts payable SaaS startup, raised $7 million in seed funding to enhance its platform and expand its customer base.
Warmly secured a $6 million Series A extension to optimize SMB engagement through AI-driven solutions.
Prosper, a wealth management platform that caters to high-net-worth individuals, raised £4 million.
TaxGPT, an AI tax co-pilot for accounting and tax firms, raised $4.6 million in funding.
Trayd raised $4.5 million in seed funding to develop its financial technology solutions for businesses.
ZeroRisk, an Irish provider of compliance and cyber risk management for payments, raised $4 million.
Rho Protocol secured $4 million in seed funding, led by CoinFund, to advance its crypto rates exchange platform.
INXY, a platform that enables businesses to accept, send, and exchange digital assets, raised $3 million.
Myne raised $2 million in pre-seed funding to develop its platform, which focuses on digital asset management.
Qount secured new investment to enhance its AI-powered solutions aimed at streamlining tax and accounting practice management.
Receipts, a fintech startup, received a strategic investment to advance its digital receipt solutions, which connect banks and merchants.

💵 Debt Financing

Lendo, a Saudi business lender, secured a $690 million warehouse facility from JPMorgan to expand its small business financing operations, supporting Saudi Arabia's Vision 2030 objectives.

💰 Venture Funds

Aviva Investors launched a $150 million early-stage startup fund to support ventures in fintech, healthtech, climate, and other emerging sectors.

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