The Front Page of Global Fintech

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 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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This Week in Fintech (3/19)

This Week in Fintech (3/19)

Hello Fintech Friends,

We’re excited to share one of our latest investments from The Fintech Fund into Ponto, which is building the infrastructure for global crypto on/off-ramps and cross-chain trading, and which just announced their $20 million seed round!

Please find another week of fintech financing events below.


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), see our primer on how we make introductions, and reach out to fund@thisweekinfintech.com.


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Fintech startups accounted for 17% of Israeli tech investments in 2021, and 23% of all Israeli IPOs and SPAC mergers.

💸 Venture Financing

  • Cross River Bank, a provider of banking services to the fintech sector, is closing a $300 million round at a $6 billion valuation.
  • Wasoko (fka Sokowatch), an African financing provider to local retailers, raised a $125 million Series B.
  • Moove, an African financing provider for ride-hailing vehicles, raised a $105 million Series A2 to expand into Southeast Asia.
  • Bazaar, a Pakistani developer of fintech solutions for e-commerce brands, raised a $70 million Series B.
  • Multiplier, an Indian platform for remote work payroll, raised a $60 million Series B at a $400 million valuation.
  • Kyash, a Japanese mobile financial app, raised ¥4.9 billion ($41.2 million), from backers including Block.
  • Silent Eight, a Singaporean platform for financial institution compliance, raised a $40 million Series B, including from HSBC.
  • EarnUp, a mortgage management system, raised a $31 million Series C.
  • Encompass Corporation, a UK solution for ID / KYC, raised £25 million.
  • Ponto *, an infrastructure builder for crypto trading and cross-chain money movement, raised a $20 million seed round.
  • Shufti Pro, a KYC / ID provider for financial institutions, raised a $20 million Series A.
  • AcreTrader, an Arkansas farm investing service, added $20 million to its Series B.
  • 4G Capital, a Kenyan lender, raised an $18.5 million Series C.
  • Doxo, an all-in-one bill payment platform, raised an $18.5 million Series C.
  • Treehouse, a firm providing decentralized finance portfolio analytics, raised $18 million in seed funding.
  • Wagely, an Indonesian earned wage access startup, raised $8.3 million to expand into Bangladesh.
  • Stellar, a credit management and improvement app, raised $7 million.
  • Payrails, a German operating system for financial services, raised a $6.4 million seed.
  • Kamino, a Brazilian B2B financial services platform, raised a $6.1 million pre-seed.
  • Onuu, a financial services provider for low-income Americans, raised a $6 million seed.
  • Zitti, a payments platform and credit to radically simplify financial management for small and medium-sized food vendors, raised $4 million.
  • CoinBooks, an accounting software for DAOs, raised $3.2 million.
  • Cake Equity, an Australian cap table provider, raised an A$3 million seed round.
  • Penelope, a retirement and savings provider for SMB employees, raised a $2.1 million pre-seed.
  • Playter, a UK business-to-business buy-now-pay-later firm, raised a $1.7 million seed.
  • Gretel, a service to recover lost financial assets, raised a $1 million pre-seed.
  • Allawee, an African global credit infrastructure provider, raised funding.
  • Floww, a marketplace to connect investors with private companies, raised funds from the London Stock Exchange.
  • Pivo, a neobank for Africa’s supply chain industry, raised a pre-seed.
  • Novel Capital, a revenue-based financing provider, raised $115 million in debt and equity.

💵 Debt Financing

  • DailyPay, an on-demand payroll provider, secured a $300 million revolving credit facility from Barclays.

💰 Venture Funds

  • Japan’s MUFG Bank launched a $300 million fund to invest in Indian startups.
  • Luno, a subsidiary of Digital Currency Group, announced its $200 million Expeditions fund to invest in fintech, crypto, and web3 companies.
  • The Stellar Development Foundation launched a $30 million defi and crypto fund.

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