Hello Fintech Friends,

The recently relaunched / updated Google Wallet has me wondering: will more centralized digital wallets start paving the way to host decentralized assets (currencies and tokens)? Will providers like Google and Apple press to house and ‘own’ centralized ID elements in their own wallets, or enable decentralized identity providers to let consumers ‘permission’ ID elements to the wallets when relevant?

Chicago, are you ready for round 2? We’re coming back on June 16th!

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) and see our primer on how we make introductions to friendly VCs and debt providers.

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Ansa, an early-stage stealth payments startup founded by Adyen veteran Sophia Goldberg and Google vet JT Cho, is hiring engineers and a chief of staff.

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💸 Venture Financing

1. Xendit, a Southeast Asian payments infrastructure company, raised a new $300 million round of funding.
2. SpotOn, a builder of point-of-sale payment solutions, raised a $300 million Series F at a $3.6 billion valuation.
3. Thought Machine, a UK B2B core banking provider, raised $160 million at a $2.7 billion valuation.
4. Caribou, an auto financing provider, raised $115 million at a $1.1 billion valuation.
5. Modulr, a UK embedded payments provider, raised a $108 million Series C.
6. Unit, a banking-as-a-service provider, raised a $100 million Series C at a $1.2 billion valuation.
7. In3, a Dutch buy-now-pay-later platform, raised an €81 million Series B and reported 300% YoY growth.
8. Elwood, a UK digital asset platform for financial institutions, raised $70 million from investors including Barclays and Goldman Sachs.
9. Solidus Labs, a digital asset risk surveillance provider, raised $45 million from investors including former US Acting Comptroller of the Currency Brian Brooks and former CFTC Chairman Christopher Giancarlo.
10. Nomad, a Brazilian fintech for opening US bank accounts, raised $32 million.
11. Coins.ph, a Filipinx digital currency wallet, raised a $30 million Series C.
12. Arrived, a single-family rental investment platform, raised a $25 million Series A.
13. TipTop, which is building “consumer finance solutions for a changing web,” raised a $23 million Series A.
14. EnKash, an Indian corporate spend management startup, raised $20 million.
15. Column Tax, an embedded tax product provider, raised a $21.7 million Series A.
16. Pemo, a Dubai-based corporate spend startup, raised a $12 million seed round.
17. Keep Financial, a compensation intelligence platform, raised a $9 million seed round.
18. Recognise Bank, a UK small business bank, raised £8.7 million.
19. QuestBook, a developer grant and financing platform for web3, raised an $8.3 million Series A.
20. Parcl, a real estate square foot price index investing tool, raised $7.5 million.
21. Circit, a mobile banking software provider, raised a €6.5 million Series A.
22. MoneyBox, a digital wealth manager, crowdfunded £6.25 million.
23. Trellis, a ‘Plaid for switching insurance,’ raised $5 million from AmEx Ventures.
24. Peek, a home leasing enablement platform, raised $2.5 million.
25. Pigeon Loans, a peer-to-peer crypto lending platform, raised $2.5 million.
26. Nextron, a Brazilian marketplace for renewable energy credits, raised a $2.2 million seed.
27. Relai, a European bitcoin app with 24,000 users, crowdfunded €2 million.
28. Quantifeed, an Asian wealth management software provider, raised a Series C.
29. DT One, a global digital micropayments provider, raised funding.
30. Klarna, the Nordic buy-now-pay-later giant, is reportedly raising up to $1 billion at a valuation of $30 billion, down from $46 billion last year.
31. Eversend, a pan-African neobank and investing platform, is looking to raise $15 to $25 million.
32. Brex completed a tender offer with employees at a $12.3 billion valuation.

(Source)

💵 Debt Financing

• European digital lender MarketFinance raised a £100 million small business debt facility from Deutsche Bank.

💰 Venture Funds

• Three PayPal Ventures veterans raised their own fintech-focused fund, Infinity Ventures, with $158 million.
• Upfin, an early-stage Nordic fintech fund, raised €30 million to invest in the region.
• Revolut’s CEO Nik Stronsky plans to launch an AI-driven venture capital firm, Quantum Light Capital Fund, with $200 million.

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