Hello Fintech Friends,

A huge, huge thank-you to everyone who made our third Fintech Formal such a success last night!

This amazing fintech community is why we do what we do. A special thank-you to all of our great sponsors:

• Platinum - Silicon Valley Bank.
• Silver - Paytient and Navan
• Brand - Flourish Ventures, Wolf & Co, iLex Consulting Group, Bain & Co, Column Tax, and Belay

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It feels like there is probably more to this week's story of OpenView shutting down following two senior partner departures and a new $570 million fundraise... It will be interesting to see what emerges.

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In more upbeat news (!) here are some great resources from around TWIF this week:

Signals: Harnessing fintech for refugee empowerment

For globally displaced populations, financial inclusion intersects with a series of other challenges. What fintechs can do to help.

This Week in FintechHelen Femi Williams

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

On average, only 1-5% of all financial transactions are tested against anti-financial crime controls. With major banks, fintechs, and crypto exchanges continuing to face historic AML penalties, Cable's Transaction Assurance emerges as a game-changer, ensuring 100% of transactions are automatically tested in real time, offering comprehensive compliance adherence. Explore the future of transaction testing.

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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.

💸 Venture Financing

1. Koho, a Canadian neobank, raised an $86 million Series D extension.
2. Scalable Capital, a European stock trading and wealth management app, raised €60 million at a flat €1.4 billion valuation.
3. Pontera, a platform to analyze, rebalance and monitor retirement funds and other accounts across financial institutions, raised $60 million.
4. Center, a software company modernizing expense management, raised a $30 million Series C.
5. Rich Data Co, an Australian AI decisioning platform for bank business lending, raised a new a $28 million round.
6. Simply Homes, a housing affordability platform for low-income homebuyers, raised $22 million. (Below)
7. Banxware, a German embedded lending provider, raised €15 million in its latest equity round.
8. January, a platform working on more humane debt collection, raised a $12 million Series B.
9. Spade, a transaction categorization API that is expanding into credit card fraud detection, raised a $10 million Series A.
10. Machinery Partner, a procurement, financing, and support provider for builders and contractors, raised an $8 million Series A and $3 million in venture debt.
11. Plum, a UK personal financial management app, raised €10 million in strategic funding from Eurobank, with whom it is partnering to expand into Greece.
12. Necto, a multi-bank Premium API aggregator to power treasury, finance and payment platforms, raised an $8 million seed round.
13. Helix by HL, a generative AI assistant for private market investing created in a joint venture between TIFIN and Hamilton Lane, raised $6 million at a post-money valuation of $26 million.
14. Navadhan, an Indian provider of credit underwriting, servicing, and payments to collections, raised a $5 million pre-Series A.
15. Brinta, a Uruguayan streamlined tax compliance platform, raised $5 million.
16. Curvance, a DeFi “everything app” for lending and borrowing, raised a $3.6 million seed round.
17. Solvento, a financial services provider to Latin American fleet and trucking businesses, raised a $3.5 million seed extension.
18. Bujeti, African corporate card and spend management platform, raised $2 million in seed funding.
19. tappi, a Kenyan and Nigerian provider of e-commerce software and payment tools, raised a $1.5 million pre-seed.
20. FrontEdge, a Nigerian fintech which provides SME exporters and importers with the working capital, raised $10 million in combined equity and debt.
21. AlphaCore, an alternative investments-focused RIA, raised strategic funding from Constellation Wealth Capital.

💵 Debt Financing

• Cross River Bank extended a $150 million credit facility to Best Egg, provider of a loan offered for consumers and integrates with property management systems to allow landlords to provide renters with a flexible payment solution at the point of payment.
• Liberis, a company creating embedded business finance solutions, secured $112 million in debt financing.
• Solvento, a payment and credit infrastructure for Latin America's trucking sector, secured a $50 million debt facility from Lendable.
• Exectras, a company that negotiates down payments and services costs for SMBs, secured $30 million in debt from Tacora.

💰 Venture Funds

• Fintech-focused VC Canapi Ventures raised $750 million for its second set of funds.
• Pennsylvania-based retail bank Fulton Bank committed up to $10 million in the GO PA Fund, a venture fund launched for Pennsylvania-based technology companies

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