Fundraises

Stripe nears 2021 valuation with $91.5B tender (TWIF 3/1)

Princess Yvonne And Prince Alexander of Sayn-Wittgenstein-Sayn, Germany, 1955

Hello Fintech Friends,

Congrats to our friends at Canadian business neobank Venn* (formerly Vault), who announced their $21.5M Series A this week.

Stripe released their annual letter this week, which summarized the company's growth and performance in 2024 (usually a decent indicator of economic activity). The company passed $1.4T in transactions processed, close to Adyen's €1.3T. The letter is worth a read – the founders go into agentic payments, stablecoins as the new rail, its billing business, growth in Europe, and more.

Also, in case you missed it, we announced the Stablecon agenda yesterday:

Agenda — Stablecon

Stablecon

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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💸 Venture Financing

Stripe announced a new employee tender offer, valuing the company at $91.5 billion.
Sixth Street invested $200 million in a joint venture with blockchain lender Figure, which will be able to recycle the money into up to $2 billion of new loans.
Ethena raised $100 million to fund its USDe dollar-backed stablecoin, one of the largest.
Bitwise, a crypto asset manager, bolstered its balance sheet with a $70 million equity raise.
Raise netted $63 million in a round led by Haun Ventures to build a crypto platform for gift cards.
73 Strings secured $55 million in Series B funding to build a financial intelligence platform using AI to revolutionize data extraction.
Taktile raised a $54 million Series B for its fintech decision engine platform.
Metronome secured $50 million in Series C funding to drive adoption of usage-based pricing in software and AI.
Sparta Commodities landed $42 million to expand AI-powered commodity trading intelligence.
Auditoria.ai raised $38 million in Series B funding to build agentic AI for enterprise finance teams.
Unique, an AI builder for investors, raised €30 million in Series A funding.
Capim raised $26.7 million to build buy-now-pay-later loans for dental care in Brazil.
Venn*, a Canadian business neobank, raised a $21.5 million Series A.
Subscript raised a $15 million Series A to build AI-driven revenue management tools.
Flanks, a Spain-based wealth management company, raised €14 million in funding.
Vayu raised $7 million to facilitate hyper-dynamic pricing for B2B tech companies.
Charta Health raised $8 million in a seed round to improve medical billing.
Ethos secured $6 million to modernize model risk management for banks and fintechs.
Byzantine Finance, a restaking startup, raised $3 million in pre-seed funding.
Karomia raised $2 million for its ESG compliance platform.
Flow48, a small business lender, secured $69 million in mixed debt and Series A funding to expand into Saudi Arabia.
Kani Payments, a payment reconciliation and reporting platform, secured Series A funding.
Gable, which helps flag sensitive data like personally identifiable information (PII) and trigger alerts, raised funds from CommBank.
Mass-affluent lender and neobank Monument Bank entered talks to raise $200 million ahead of a Nasdaq IPO.

💵 Debt Financing

Capital on Tap secured £750 million in funding facilities, establishing a £550 million Master Trust with BNP Paribas and Citi.
ClearScore, a London-based startup providing credit scoring services, secured €36.1m in debt financing from its principal backer HSBC.
Ximple secured $30 million in debt financing to scale credit access for Mexico's underbanked population.

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