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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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Harlem-based MoCaFi raises a Series B to help people get banked (TWIF 6/10)

Harlem-based MoCaFi raises a Series B to help people get banked (TWIF 6/10)
George L. Smith State Park. Georgia, USA

Hello Fintech Friends,

We’re excited to share that Griffin, one of our Fintech Fund portfolio companies, just raised their Series A. Griffin provides banking-as-a-service for UK fintech companies and also has an FCA banking license, meaning it can provide fully-verticalized bank support to fintechs.

Our fearless podcasters Julie and Helen also hosted a great episode of Beyond Two Percent this week, featuring Saira Rahman, VP, New Investor Initiatives at Fundrise, and Jayne Sibley, Co-Founder at Sibstar, to discuss mental health.

"89% of people said that managing everyday money was a major cause of stress and worry for them. So being able to alleviate that in one way or present people with a solution that helps them and takes that away is why we're here" - Jayne Sibley

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


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. Thunes, a global B2B payment infrastructure platform, raised a $60 million Series C round.
  2. Mosaic, an insights platform for company financial planning, raised a $26 million Series C.
  3. MoCaFi, a Harlem-based startup that looks to strengthen access to banking for people without bank accounts, raised a $23.5 million Series B this week.
  4. Meanwhile, a bitcoin-backed life insurance platform powered by AI, raised $19 million at a $100 million valuation.
  5. Keeta, a cross-border payments provider, raised $17 million at a $75 million valuation.
  6. Onfly, a Brazilian corporate travel and expense management software provider, raised a $16 million Series A.
  7. Payrails, a German startup that operates a framework to build more stable enterprise payment services, raised $14.4 million.
  8. Griffin*, a UK banking-as-a-service platform, raised a $13.5 million Series A.
  9. Mitigram, a digital exchange for global trade finance, raised $11 million in funding.
  10. Red Flag Alert, the credit risk data and risk intelligence platform, raised £4.5 million.
  11. Bonside, a revenue-based financing platform for brick-and-mortar businesses, raised $4.35 million.
  12. Finch, a unified API for employment systems, raised $3.5 million in new funding.
  13. LoopingOne, a Dutch marketplace KYC and payments provider, raised €2 million.
  14. Wellthi, an embedded social finance software, raised an undisclosed amount of funding.

📺
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