Hello Fintech Friends,

Stablecoins have caught not just popular imagination but also investors' eyes... enablement providers including Crossmint, Utila and Privy each announced new raises of $24M, $18M, and $15M respectively. Our Weekly Stable Editor Chuk Okpalugo breaks the rounds down in more detail in this week's newsletter.

If you want, you can meet the Privy team who are co-hosting our 2nd edition of The Stable Salon in NYC on April 2nd, and see founder Henri Stern on-stage at Stablecon on May 29th

And a big congrats to Stable Sea* founders Tanner and Ben, who normally avoid hype and press but got to share their $3.5 million seed round in Axios this week as the BFD. 

The Stable Salon - vol. 2 · Luma

Join us for the next installment of our monthly stablecoin-focused salon series, now proudly sponsored by Privy. Enjoy the chance to meet up with other…

This Week in Fintech

PS: If you're in Argentina, don't forget to check out our stablecoin event for Merge Buenos Aires this week 👇

Next week Buenos Aires is going to be crazy! We're hosting our This Week… | James Ross Vázquez

Next week Buenos Aires is going to be crazy! We're hosting our This Week in Fintech's opening event (Stable Connect) in collaboration with Sphere, Utila…

LinkedInJames Ross Vázquez

Please find another week of 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

💸 Venture Financing

• Bain Capital took an an 18% minority stake in India’s Manappuram Finance for $508 million.
• Back office management and accounting software Inn-Flow secured a $45 million growth investment.
• NymCard, a MENA banking-as-a-service provider, raised $33 million.
• Crossmint, a platform using AI agents to enable stablecoin payments, raised $23.6 million.
• Multiply Mortgage secured a $23.5 million Series A to offer mortgage benefits for employees.
• Halliday, a startup that helps financial institutions automate services with blockchain and AI, raised $20 million.
• Utila raised $18 million to meet institutional demand for digital asset MPC wallets.
• Privy, a crypto wallet provider meant to make wallets intelligible, raised $15 million.
• Oro Labs secured $15 million for its tokenized gold platform.
• ClearGrid raised $10 million to use AI in fixing debt collection in the MENA region.
• Yeet secured $7 million for its crypto casino platform.
• Nao, a Berlin-based wealthtech company, expanded its seed financing to $4.5 million.
• Stable Sea*, a liquidity provider for large stablecoin transactions, raised $3.5 million.
• Warren raised €3 million to enhance financial wellness in the workplace.
• Level raised $2.6 million and launched a DeFi yield stablecoin.
• Manifest secured $2.5 million in a pre-seed round to provide global access to U.S. private equity real estate investments via blockchain.
• Deutsche Bank invested in governance automation platform Kosli.
• Fortis, a payments technology leader for software providers, ERP customers, and scaling businesses, received a strategic investment.

💵 Debt Financing

• Emerging markets mobile lender Tala successfully closed another $150 million debt facility from Neuberger Berman for Mexico lending.

💰 Venture Funds

• Prolific fintech venture capital firm Ribbit is back on the market, reportedly raising a new $500 million fund titled Ribbit Capital Y.

UGC and influencer marketing is the #1 solution to build credibility and drive global app adoption. But manually searching for brand-aligned creators is a time-consuming nightmare!

You need Insense, trusted by Revolut, Paysend, Sendsprint, and more. Within 48 hours you get matched with perfect-fit creators from their carefully vetted marketplace of 68,500+ UGC creators and micro-influencers from 35+ countries across the USA, Canada, Europe, APAC, and Latin America. Book a free strategy call by April 4 and get a $200 bonus for your first campaign.

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