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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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The UK is back: $60M for Volt, £15M for TreasurySpring, and $235M for Illuminate Financial (TWIF 6/24)

The UK is back: $60M for Volt, £15M for TreasurySpring, and $235M for Illuminate Financial (TWIF 6/24)
Cole Trickle

Hello Fintech Friends,

Only a week after Andreessen Horowitz chose London as the site of its first non-US office, UK fintechs and fintech-focused VCs are demonstrating why!

There was a lot of post-Brexit prognostication about the downfall of the UK tech scene in favor of Dublin, Paris, and other EU tech hubs; was that narrative oversold?

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


If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us). Are you a fintech angel investor? Come join our syndicate.


💸 Venture Financing
  1. Volt, a UK open banking-based payment facilitator (account to account), raised a $60 million Series B at a $350 million valuation.
  2. Yendo, which provides a consumer credit card secured by a car, raised a $24 million Series A.
  3. Blackbird AI, an AI-driven risk management tool provider, raised a $20 million Series B.
  4. Heard Technologies, a payroll, bookkeeping, and tax management platform for therapists, raised $15 million.
  5. TreasurySpring, a UK fixed-term fund platform for capital markets, raised a £15 million Series B.
  6. Yellow, an asset financier for solar energy in Africa, raised a $14 million Series B.
  7. Mypinpad, a mobile card payments acceptance and identity authentication provider, raised $13 million.
  8. Maverick Protocol, a decentralized finance infrastructure provider, raised $9 million.
  9. Aktos, a debt collection software maker, raised a $4.4 million seed round.
  10. Crux, an ecosystem for sustainable finance that will accelerate clean energy projects, raised a $4.25 million seed extension.
  11. Concordia, which is working on an “interconnected, permissionless, and optimized DeFi ecosystem,” raised a $4 million seed round.
  12. Trezy, a French-Dutch cashflow management platform, raised a €3 million seed round.
  13. Earn Network, a marketplace for liquid investments, raised a $2.7 million seed round.
  14. Chexy, a Canadian platform that rewards users for paying rent, raised a C$1.3 million pre-seed.
  15. TransBnk, an Indian programmable transaction banking system, raised a $1 million seed round.
  16. Cleareye.ai, an automated trade finance platform, raised strategic funding from JP Morgan.
💰 Venture Funds
  • Illuminate Financial, a UK financial services-focused VC, raised a third fund of $235 million.

Pssst - if you like early-stage fintech investing, come join our angel syndicate