Fundraises

Fintech strategic investors are alive and well (TWIF 6/1)

Hello Fintech Friends,

In case you missed it, we covered the current Synapse and Evolve BaaS drama in more depth this week:

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Intuit, Deel, and PayPoint are only the latest of larger (legacy?) fintechs beginning to expand their own venture efforts, as strategics cozy up to early-stage fintechs.

Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)

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💸 Venture Financing

Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, raised $93.5 million in growth equity and around $16.5 million in debt, after bootstrapping growth from 2008 to 2021.
FintechOS, a Romanian low-code platform for banks and insurers, raised a $60 million Series B.
Relay, a Canada-based business banking and money management platform for the US, raised a $32.2 million Series B.
Supervizor, a quality assurance platform built for finance teams, raised $22 million.
Forward, a payments provider for vertical software, raised a $16 million seed round.
Félix Pago, a WhatsApp-based chatbot that makes it simple to send and receive cross-border money transfers, even with a voice message, between the US and Mexico, raised a $15.5 million Series A.
CBiGroup, which provides trade financing services, raised a $15 million Series A.
Swiipr, an airline industry payment system, raised a £6 million Series A.
Kintsugi, a platform for automating sales tax compliance, raised a $6 million Series A at a $40 million valuation.
SCRYPT, a Swiss provider of crypto-based financial services, raised $5 million.
Anzen Finance, a platform creating a digital dollar backed by Real World Assets, raised a $4 million seed round.
ZTLment, a Danish startup building compliant wallet infrastructure on decentralized rails for ordering and booking platforms, raised a €2.4 million pre-seed.
Frich, a consumer app to to help Gen Z be more realistic about finances (below), raised a $2.8 million seed round.
Coinflow Labs, a crypto-based instant settlement payment provider, raised a $2.25 million seed round.
Deedster, a Swedish firm which helps financial institutions in addressing the increasing regulatory pressure to combat climate change, raised $1.4 million.
Aperidata, a UK consumer and business credit reporting and open banking platform, raised £1 million from British bill payment provider PayPoint.
Alviere, an embedded financing platform focused on worker payments, raised funding from payroll and HR provider Deel.
Anrok, a global sales tax platform for software companies, added Intuit Ventures to its Series B.
MarketNode, a Singapore-based digital market infrastructure operator, raised a Series A from HSBC.
STON.fi, a UK-based decentralized automated market maker exchange, raised funding,

💰 Other

Perennial fintech investor Valar Ventures raised a $300 million ninth fund.
Vehicle-secured credit card provider Yendo secured $150 million in debt financing.

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