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♬ original sound - This Week in Fintech

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

The Future of Fintech 2023.

SVB’s new report explores how fintech innovators continue to see long-term growth opportunities despite near-term headwinds.

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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.

📊 Stat of the Week

The UK suspects that £1.41 billion of its £77 billion in pandemic loans were made to fraudulent borrowers. (Source)

Nearly 75% of UK banks claim to already be using generative AI. (Source)

💸 Venture Financing

Augmentum Fintech claims that fintech valuations are finally beginning to stabilize for the first time in a while.

1. Alpheya, a UAE-based wealth management technology platform for asset managers in the Middle East, raised $300 million from backers including bank BNY Mellon.
2. Paysend, the UK international money transmitter, raised $65 million from Mastercard.
3. Candex, a startup that helps businesses with procurement, vendor management, and payments, raised a $45 million Series B in a round led by Goldman Sachs.
4. CapitalOS, a B2B spend management provider, raised $39 million.
5. Scapia, an Indian travel credit card startup, raised a $23 million Series A.
6. Mozaic, a collaborative payment-splitting app for creators, raised a $20 million Series A.
7. PayGround, a healthcare payments platform, raised a $19.7 million Series A.
8. Crezco, a workflow builder for collecting bill payments, raised a $12 million in Series A.
9. VersiFi, a digital assets trading and lending platform, raised a $10 million Series A.
10. PhiCommerce, an Indian omnichannel payment solutions provider, raised a $10 million Series A1.
11. Coinchange, a decentralized finance trading and yield app, raised $10 million.
12. iPeakoin, a Singaporean neobank building on crypto rails, raised a 'nearly' $10 million Series A.
13. Enfuce, a European card-as-a-service provider, raised €8.5 million and revealed that it processes €2 billion annually on its cards.
14. Valid8, a forensic accounting solutions provider, raised an $8.5 million Series A.
15. DoorFeed, a platform for investment funds to assemble and manage large-scale portfolios of apartments and houses, raised a €7 million seed extension.
16. MYX, an Asian crypto derivatives protocol, raised a $5 million seed round at a valuation of $50 million.
17. Acctual, a crypto accounts payable and accounts receivable automation app, raised a $3.85 million seed round at a $15 million valuation.
18. Wind.app, a self-custodial, smart contract wallet with business payments, a virtual bank account, and on/off-ramp, raised a $3.8 million pre-seed.
19. Aptus.AI, a European compliance management app, raised a €3 million pre-Series A.
20. WealthOS, a cloud-native WealthTech provider, raised a £2 million seed round.
21. CheckRewards, a UAE cashback provider, raised $1.2 million.
22. Conduiit, a fintech for film and television productions, raised a $1 million pre-seed.
23. Prosper, a UK platform to maximise its members’ long-term wealth potential, raised a £3.2 million angel round.
24. Banxware, a German embedded lending provider, raised strategic funding from UniCredit.
25. Flow48, a UAE-based small business lender, raised a $25 million mix of equity and debt.

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