Hello Fintech Friends,

We were excited to share the announcement of The Fintech Fund's portfolio company OutGo*, who just came out of stealth with $15 million from top VC's including Gradient Ventures and Bezos Expeditions, to rebuild the broken payments and financing experience that freight fleets and brokers deal with today.

Which other great fintech founders should we be talking to?

Who else is coming to TechCrunch Disrupt and wants to talk stablecoins? I'll be there with Visa's Cuy Sheffield and Brale founder Ben Milne talking about the exploding ecosystem around stables, exotic use cases, and where it goes from here. What should we cover?

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

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📊 Stat of the Week

Small businesses in the UK lose £22,000 a year on average due to late payments, leading to 50,000 business closures every year. New legislation proposed by the government will hold larger companies accountable for maintaining cashflows to small businesses and not paying late. (Source)

💸 Venture Financing

• M2p, a pan-Asian open banking API and banking-as-a-service platform, raised a $100 million Series D to expand across Africa.
• InDebted, an Australian fintech that provides an alternative method of debt collections to lenders, raised A$60 million at a A$350 million valuation.
• Apron, a UK company that helps small business owners digitize and simplify their payments processes, raised a $30 million Series B.
• Wrapbook, a Hollywood payroll provider for the movie industry, raised $20 million at a $750 million valuation and announced a tender offer for employees.
• Outgo, building a financial hub for freight carriers, raised $15 million.
• LiveFlow, an accounting automation platform looking to augment live accountants' abilities, raised a $13.5 million Series A.
• Jet HR, which automates payroll in Italy and allows for rapid handling of adjacent administrative tasks, raised a €12 million seed round.
• CarePay, a Dutch healthcare affordability platform, raised €10 million.
• Icon, which helps businesses offer affordable retirement savings plans to employees, raised a $9.2 million seed round.
• Mesa, a platform for providing 1% cash back on mortgage payments, raised a $9.2 million seed round.
• Nmbr, a Canadian embedded payroll software provider, raised C$7.6 million.
• Dotfile, a French company that looks to automate financial compliance using AI, raised €6 million.
• Daylight, an “onchain for you” API that powers the Home and Discover tabs of major wallets like Coinbase Wallet, MetaMask, Zerion, and OKX Wallet with personalized transaction recommendations, raised $6 million.
• Tetrix, a platform for alternative asset investors to manage their portfolios, raised a $5 million seed.
• Infact, which was founded by Runpath and Experian alumni to change the broken credit bureau experience, raised a £4 million seed round and was given the green light from UK regulators.
• Arya Health, a platform that automates payroll and compliance for healthcare providers, raised a $4 million seed round.
• Desia, a British intelligence productivity system for investment professionals, raised a $3.3 million pre-seed.
• Qist Bazaar, a Pakistani buy-now-pay-later platform, raised a $3.2 million Series A.
• Mako, an AI investing associate app, raised $1.55 million.
• AtoB, a provider of payment solutions for the transportation industry, raised $130 million in combined debt and equity funding.
• Chaos Labs, a suite of on-chain risk management tools for decentralized finance, raised funds from PayPal using its PYUSD stablecoin.
• Revolut, the global neobank, raised new funds from Abu Dhabi investment fund Mubadala at a $45 billion valuation, including a $500 million tender for employees.

💵 Debt Financing

• German lending fintech Auxmoney placed a €500 social bond.
• Recreational purchase financer Octane executed a $500 million forward-flow facility with alt asset manager AB CarVal.

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