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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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Fintech fundraising is creeping back up (TWIF 4/1)

Fintech fundraising is creeping back up (TWIF 4/1)
Hammamet, Tunisia circa 1960s

Hello Fintech Friends,

šŸ“ˆ With 33 new fintech fundraises announced this week, it's starting to feel alive again around here.

šŸ”¦ A special spotlight on our Head of Community Cristina Ciaravalli, who did an interview for Womenā€™s History Month this week with Fundriseā€™s Saira Rahman and the team at VGS.

šŸ’ø Iā€™ll be at Anthemisā€™ 2023 Investor Summit in New York in May to see Josue of GuruHotel ā€“ one of The Fintech Fundā€™s portfolio companies ā€“ talk about Creating Change through Small Businesses. (Drop me a line if youā€™ll be there too.)

šŸ‘šŸ‘Ž Have feedback for us? Let us know!

Please find another week of fintech financing events below.


šŸ“ŗ
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If youā€™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.


šŸ’ø Venture Financing
  1. Ledger, a French hard wallet for storing digital currencies, added ā‚¬100 million to its Series C.
  2. Raisin, a pan-European savings and investment app, raised a ā‚¬60 million Series E.
  3. Agreena, a Danish financing platform for farmers to invest in carbon neutrality, raised a ā‚¬46 million Series B.
  4. P97 Networks, a mobile payments platform, raised $40 million.
  5. Versana, a syndicated loan platform, raised $40 million from a series of banks including Deutsche Bank, Morgan Stanley, US Bank and Wells Fargo.
  6. Thunes, a Singapore cross-border payments provider, raised a $30 million Series C.
  7. Spiral, an embeddable impact and ESG app for financial institutions, raised a $28 million Series A.
  8. LeapXpert, a communications platform for banks and FIs, raised a $22 million Series A+.
  9. Paytrix*, a UK-based one-stop-shop payments curation platform, raised an $18.3 million Series A.
  10. StellarFi, a platform for building credit by paying bills and rent on-time, raised a $15 million Series A.
  11. Orb, a platform for intelligent SaaS billing and monitoring, announced a $14 million Series A and $5.1 million seed round.
  12. SKUx, a product-based consumer payments app, raised an $11 million Series A.
  13. Stratyfy, a builder of machine learning solutions for lenders, raised $10 million.
  14. Salt Labs, an equity-building platform for hourly workers, raised a $10 million pre-seed.
  15. Hazy, a British synthetic data startup, raised $9 million from banks like Nationwide, Wells Fargo and Intesa Sanpaolo.
  16. Bink, which links consumer credit cards with loyalty providers, raised Ā£9 million.
  17. Playbook, a Gen Z and millennial personal finance app, raised a $7 million Series A.
  18. Connect Earth, which collects carbon data on financial transactions, raised a Ā£4.65 million seed round.
  19. Cega, a Singaporean decentralized finance derivatives marketplace, raised $5 million.
  20. Finverity, a trade supply chain finance provider, raised $5 million on the back of 15x revenue growth in the Middle East and North Africa.
  21. Pacto, a point-of-sale payment solution for restaurants in Mexico, raised $4 million.
  22. Nimbbl, an Indian one-click checkout solution, raised $3.5 million in seed funding.
  23. Translucent, a UK-based accounting and financial management platform, raised a Ā£2.7 million pre-seed.
  24. Presta, an end-to-end business loan management platform, raised a $3.3 million pre-seed.
  25. Roundtable, a French angel investment platform for European startups, raised ā‚¬3 million on its own platform.
  26. Open Payments, a Swedish account aggregation platform, raised a ā‚¬3 million growth round.
  27. Payday, a pan-African neobank focused on the future of work, raised a $3 million seed round.
  28. HeavyFinance, a climate tech investment marketplace, raised ā‚¬3 million in seed funding.
  29. Sarna, a trading and investing platform, raised a $2.5 million seed round.
  30. Credable, a UAE-based digital banking platform, raised a $2.5 million seed round.
  31. ClearToken, a clearinghouse for the digital asset market, raised strategic funding from Japanese bank Nomura.
  32. EverC, a marketplace risk intelligence platform for payment providers, raised strategic funding from Kroll.
  33. Ziglu, a UK cryptocurrency exchange that once fundraised at a $170 million valuation, is on the market looking to raise Ā£2 million at Ā£10 million and is considering a sale after the collapse of a deal to sell itself to Robinhood.
šŸ’° Venture Funds
  • African commerce and payments investor DFS Lab partnered with open-source group Stellar to launch its DFS Lab Stellar Africa Fund I.

Source: The Thesis Driving M13's Fintech Investment Strategy


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