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The Front Page of 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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$200 million for Brazilian BaaS and Saudi BNPL (TWIF 11/4)

$200 million for Brazilian BaaS and Saudi BNPL (TWIF 11/4)
The Presidio, San Francisc0

Hello Fintech Friends,

The energy was electric at our Lusaka Fintech Meetup last night!

Thank you to our friends at Peach Payments, Lupiya, and ChitChat for sponsoring - and as always to our great Head of African Community Wiza for hosting.

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Next up: In just two weeks, we'll be coming to Cape Town for our last Africa fintech event of the season.

Thank you to Fifth Third and Nasdaq for sponsoring today's post!

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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

"Open Banking has been adopted by 68 countries globally, with the majority electing for a regulatory-led approach." (Source)

"More than a quarter of Brits are now using buy-now-pay-later." (Source)

💸 Venture Financing
  1. QI Tech, a Brazilian banking-as-a-service provider, raised a $200 million Series B.
  2. Tabby, a Saudi Arabian buy-now-pay-later provider, raised $200 million in Series D funding.
  3. Atom Bank, the UK-based consumer neobank, raised £100 million at a £362 million valuation (down from £435 million last year).
  4. Arteria AI, an AI-enabled documentation processing provider to financial institutions, raised a $30 million Series B. 
  5. Railsr, the UK-based embedded finance provider that recently came out of bankruptcy, raised $24 million in new funding.
  6. Payroll Integrations, a SaaS product for building financial wellness tools, raised a $20 million Series A.
  7. Finkargo, a global sourcing, trade services and embedded financing for Latin America, raised a $20 million Series A.
  8. Charlie, a neobank focused on transforming financial services for the 62+ year old community with features like anti-fraud protections, raised a $16 million Series A and $7 million in debt.
  9. Accelex, a UK provider of AI automation for private markets data acquisition, raised a $15 million Series A.
  10. Radius, an agent-centric real estate brokerage platform, raised a $13 million Series B.
  11. Verqor, a Mexican lender to the agricultural sector (screenshot below), raised a $7.5 million pre-Series A.
  12. Preczn, a financial services Command Center that specialises in vertical SaaS platforms, raised $6.8 million.
  13. EarlyBird, a financial and investment gifting platform for kids, raised a $4.5 million seed round.
  14. FERO Payment Science, a Dutch online checkout startup, raised $3 million in seed funding.
  15. Zilch, a UK-based buy-now-pay-later provider, raised strategic funding from eBay at a $2 billion valuation.
  16. Monzo, the UK neobank, is in talks to raise up to $300 million in new funding.
  17. Bitstamp, a European crypto exchange, is looking to raise $50 million in new funding.
  18. Kroo, a self-described "socially conscious" digital bank with £765 million in deposits, launched a crowdfunding campaign to raise funds.

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💵 Debt Financing
  • Supply chain financing provider Twinco Capital secured a €50 million credit facility from BBVA.

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