The Main Edition - Fundraises

AlphaSense hits $4B valuation (TWIF 6/15)

Hello Fintech Friends,

Join us over the next couple weeks across three continents of fintech events in Boston, London, and Bangalore:

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

56% of companies in the US claim to offer faster payments (presumably: real-time payments) and another 35% plan to do so.

💸 Venture Financing

AlphaSense, a financial markets intelligence and question/answer platform, raised a fresh round of $650 million at a $4 billion valuation and announced its acquisition of intelligence rival Tegus for $930 million in cash and stock.
AccountsIQ, a cloud-based accounting platform, raised a €60 million Series C.
Mad Mobile, a restaurant and retail SaaS payment provider, raised $50 million from backers including Morgan Stanley and Bridge Bank.
Stake, a UAE-based platform for real estate investment, raised a $14 million Series A.
Ava Protocol, an autonomous composable transaction platform for web3 and crypto payments, raised a $10 million seed round.
Squad Labs, the developer of crypto wallet Fuse, which aims to eliminate seed phrases, raised a $10 million Series A.
Mountain Protocol, the issuer of a yield-bearing stablecoin, raised an $8 million Series A.
Linq, a generative AI tool for financial analysts, raised $6.6 million.
Brightwave, an AI-powered financial research assistant, raised a $6 million seed round.
InScope, an automated financial reporting provider (screenshot below), raised a $4.3 million seed round.
Platma, an e-commerce automation platform, raised a $1.85 million seed round.
Hawk, a German regulatory tech provider, added Dutch bank Rabobank as an investor to its Series B.

📺

Sponsored Content

Does your startup have a solution for Responsible AI deployment in the banking sector? Ally is excited to announce the launch of the Ally Innovation Challenge – Responsible AI.