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The Front Page of Global 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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Stripe tenders an offer at $65B (TWIF 3/2)

Stripe tenders an offer at $65B (TWIF 3/2)
Essaouira, Morocco

Today's writeup brought to you by our friends at Destiny.

Hello Fintech Friends,

We hope to see many of you at Fintech Meetup tomorrow!

TWIF Vegas Happy Hour with Gainbridge · Luma
Who: Gainbridge and Fintech’s best operators, investors, and founders What: Fintech Happy Hour with an open bar & light bites Where: Restaurant & Bar in The Venetian Resort, Las…
Las Vegas Fintech Coffee · Luma
Meet us in Las Vegas during FinTech Meetup over coffee! This edition of FinTech Coffee, hosted by Rise by Barclays, Received, and This Week in Fintech, is a gathering for FinTech enthusiasts…

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

Per cross-border currency platform Wise, British small businesses lost £2.8 billion in 2023 to opaque bank FX fees (source), while British banks closed 140,000 business accounts last year (source).


💸 Venture Financing
  • Avail, a modular blockchain project aiming to streamline the rollup experience, raised a $27 million seed.
  • Helcim, a payments provider that charges the cost of interchange plus an 8 cent margin, raised a $20 million in Series B.
  • Backpack, a crypto exchange founded by former FTX and Alameda employees, raised a $17 million Series A.
  • Qapita, a Singaporean equity management provider, raised a $17.2 million pre-Series B.
  • Embat, a Spanish treasury management platform, raised a €14.7 million Series A.
  • Slice, an Israeli equity management platform, raised $7 million in seed funding.
  • Superfluid, an Ethereum-based platform to provide real-time crypto transfers, raised $5.1 million.
  • NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, raised $4.7 million.
  • MoneyHash, an Egyptian payments orchestration platform built for MENA businesses, raised $4.5 million.
  • ProCredit, a Filipino small business lending platform, raised a $4.1 million pre-seed.
  • Campfire, a provider of accounting software for startups and midsize companies, raised a $3.5 million seed round.
  • Bfree, a Nigerian startup enabling lenders to recover debt ethically, raised $3 million.
  • Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, raised $2.2 million.
  • Reset, an employer-agnostic earned wage access platform, raised a $2.3 million seed.
  • BlueBean, an all-in-one procure to pay solution, raised $1.3 million.
  • United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, raised funding from Citi and BNP Paribas.
  • Payment facilitator Stripe struck a tender offer deal to provide its employees liquidity at a $65 billion valuation, down from its $95 billion venture round but up from its last round at $50 billion.

💰 Venture Funds
  • The Financial Times launched its own £30 million venture fund.


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