Fundraises

Over half of US consumers have now worked with one specific fintech 👀 (TWIF 1/18)

Hello Fintech Friends,

What a year in fintech we've already had. I can't believe we're only two weeks into 2025...

Thank you so much to everyone who replied to our Annual Reader Survey. I was surprised by how many (very helpful) responses we got. As promised, we have $100 to give away to a randomly selected respondent – Fabiola Salazar, please let us know how we can get it to you!

We also got great comments in our Simple Reader Survey, which is open year-round for your feedback (and I personally check it).

If you missed it, yesterday we launched Stablecon, the largest global stablecoin conference, which will be in New York City on May 29th. 1,500+ attendees, 100+ speakers, 1 full day. You can see our press release here:

Our podcasts are also back to a great start! Julie hosted a lively, fun conversation with two OGs in the fintech investing space, Flourish Ventures Managing Partner Emmalyn Shaw and Homebrew + Screendoor Co-Founder Satya Patel:

And Sophie published our quarterly round-up, Signals, covering all the fundraises, exits, product launches, and stablecoin announcements of Q4:

Curious about our headline? Please find another week of interesting stats and fintech financing events below.

(👍👎 Have feedback for us? Let us know! Find me at @nikmilanovic, @twifintech, and @ndm)

💡

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📊 Stat of the Week

At least half of all US consumers are now linked their information via Plaid. (From Plaid’s Revenue, Usage Rates Jump as CEO Sees ‘Fintech Spring')

💸 Venture Financing

OnPay raised over $100 million in funding to expand its payroll and HR services.
Sygnum secured $58 million, achieving unicorn status, to grow its crypto banking operations platform.
LemFi raised $53 million in Series B funding to expand remittances into new markets, particularly Asia and Europe.
Float Financial secured $48.5 million in Series B funding to build out its Canadian business banking platform.
NomuPay raised $37 million at a valuation of $200 million to build payment infrastructure in underserved Asian markets.
Orchid Security raised $36 million in seed funding to develop identity security solutions.
1Money Network emerged from stealth with over $20 million in funding to build a stablecoin payments network.
Nsave raised $18 million to grow US equities, ETFs and funds products for high-inflation countries.
ReShop, co-founded by an Afterpay founder, raised $17 million to offer instant refunds on returns.
DFNS raised $16 million to advance crypto wallet solutions with clients like Fidelity and Zodia.
Reeco raised $15 million to modernize hotel payment and procurement systems.
Reown (formerly WalletConnect) raised $13 million in Series B funding to enhance its on-chain user experience ecosystem.
Sydecar* raised $11 million for its venture fund administration platform.
Nilus secured $10 million to develop its treasury management fintech platform.
Hyperline raised $10 million to enhance its automated billing solutions.
Skor Technologies raised $6.2 million in a pre-Series A funding round to tackle Indonesia's underpenetrated consumer credit market.
Klearly, a Dutch startup focused on in-person payments, raised $6 million in seed funding.
Nevermind, the provider of AI payment infrastructure for AI-to-AI transactions, raised over $4 million.
Open Ledger, which embeds automated accounting software into products that enterprises and small businesses already use, raised $3 million.
Arva AI, a KYB verification startup, secured $3 million in funding.
Validis received a strategic investment (amount undisclosed) from Citi and Barclays to transform commercial banking services.

QED's financial advice and wealth management map:

Two years ago, @getTransFi founder @OneRajkamal told me he was going to build the single global payment system for crypto.

Today, TransFi supports 250 payment methods in local currencies, in 70+ countries on 6 continents, giving it unparalleled stablecoin payments coverage. pic.twitter.com/84HlasA6n0
— Nik (@NikMilanovic) January 12, 2025