The Front Page of Fintech

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.

Image Description

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.

Image Description

Vesey Ventures and Anthemis blaze a trail for women in VC (TWIF 4/29)

Vesey Ventures and Anthemis blaze a trail for women in VC (TWIF 4/29)
Boulders Beach, South Africa

Hello Fintech Friends,

We had some exciting news for The Fintech Fund this week, as our portfolio company Ansa*, led by Sophia Goldberg and JT Cho, came out of stealth.

We've missed seeing all of our friends in LatAm fintech, and so we are coming back to Bogotá! Come join us on May 17th with our friends at CIM & AWS.

Thank you also to everyone who came out to this week's Bangalore Fintech Happy Hour, hosted by our Asia Editor Osborne Saldanha! Shout out to our partners at Falcon and Quicko for making it happen.

👍👎 Have feedback for us? Let us know!

Please find another week of fintech financing events below.


💡
AWS Corner, from our Partners at Amazon (Sponsored)

How machine learning helps Fraud.net to build a modern app on AWS to combat financial fraud.

Startups know firsthand how better technology can improve the quality of life: From AI/ML allowing scientists to better predict patient health outcomes, tocloud computing driving life-saving innovation, and modern apps enhancing accessibility.

With better technology also comes the opportunity for criminals to commit more advanced levels of crime. Fraud, especially, is occurring with greater technical sophistication as society transitions into a digital-first world. Fraud and cybercrime are also growing at significant rates, and now cost businesses around the world over $6 trillion per year or an average of 5% of their revenues.

To outpace and outsmart the technology criminals use to commit fraud, former bankers Whitney Anderson and Cathy Ross founded Fraud.net, amodernfraud and compliance platform, in 2016. Fraud.net offers customers in the banking and fintech industries across the globe a serverless modern application that uses artificial intelligence and machine learningto rapidly identify fraud, leading to more efficient operations and higher customer satisfaction.

Want to sponsor a newsletter? See our sponsorship information here.


💸 Venture Financing
  1. Super, a savings super-app formerly known as SnapCommerce, raised $60 million in equity and $25 million in debt.
  2. Clara, a Mexican spend management platform, raised $60 million in new equity.
  3. Berachain, a decentralized finance-focused Layer 1, raised a $42 million Series A at a $421 million valuation.
  4. Zodia Custody, a UK crypto custodian backed by Standard Chartered bank, raised a $36 million Series A from Japan’s SBI Holdings.
  5. Axoni, a financial market infrastructure builder, raised $20 million in equity.
  6. Thetanuts, a multi-chain decentralized finance protocol, raised $17 million.
  7. Plotify, a lending service for income-generating residential investment properties, raised a $12.5 million Series A.
  8. Wayhome, a UK company that provides hybrid mortgages, raised an £8 million Series A.
  9. Summer, a student debt repayment app, raised a $6 million Series A extension.
  10. Credora, a privacy-preserving technology for real-time credit analytics, raised $6 million.
  11. Tembo, a UK digital mortgage platform, raised £5 million.
  12. DFlow, a decentralized payment-for-order-flow protocol, raised $5.5 million.
  13. Ansa*, a virtual wallet creation platform for merchants, raised $5 million.
  14. Teahouse Finance, a Taiwanese decentralized finance startup, raised $5 million in funding.
  15. Plumery, a component-based banking technology startup, raised $4.5 million in seed funding.
  16. Bits Technology, a customer and business identity platform, raised a €4 million seed round.
  17. FiVerity, an anti-fraud collaboration platform, raised a $4 million seed round.
  18. IDPartner, a financial institution network for ID verification, raised $3.1 million.
  19. Rise*, a payroll processor for blockchain companies and DAOs, raised $3 million.
  20. Dori, a generative AI platform for venture investment transactions (?), raised $2 million seed round.
  21. Yelo, an alternative financing platform for college tuition, announced a $1.2 million pre-seed.
  22. Africa Fintech Network received a $525,000 grant to build a fintech hub.
  23. TripleSeat, an event management and payments software startup, announced a strategic investment.
  24. Revolut's valuation was nearly halved by investment bank Schroders, from $33 billion to $17.7 billion.
💰 Venture Funds
  • Autotech Ventures will use its new $230 million fund to expand beyond transportation technology into fintech.
  • Vesey Ventures, co-founded by three ex-managing directors of Amex Ventures, announced its $78 million debut fund.
  • Anthemis announced its $50 million Female Innovators Lab Fund, the largest fund dedicated solely to women founders.

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