Hello Fintech Friends,

Happy long weekend to our US readers!

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

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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.

📊 Stat of the Week

UK open banking payments are slowly creeping up - hitting a record high in July this year, at 11.4 million payments - a 102% year over year increase.

African fintech startups raised $2.7 billion in the last two years, with the number of fintech startups in the region growing 17.7%. (Source)

💸 Venture Financing

1. Ivy, an international open banking payments provider, raised a $20 million Series A.
2. Cerby, a comprehensive access management platform for nonstandard financial applications, raised a $17 million Series A.
3. Qashier, a payments system provider based in Singapore, raised a $10 million Series A.
4. MFast, a Vietnamese financial services provider, raised a $6 million Series A.
5. Rextie, a Peruvian foreign exchange platform, raised strategic funding from Citi.
6. Cumbuca, a company building joint bank accounts in Brazil, raised $3 million.
7. Parallel, a headcount and financial forecasting app, raised a $1.85 million pre-seed.
8. OneID, a UK provider of bank-verified digital identification, raised £1 million.

💰 Venture Funds

• FinTech Collective of New York is looking to increase its fund size by 50% in a new fundraise of up to $300 million for its sixth fund.
• Crypto payments firm MoonPay launched a new venture arm to invest in web3, gaming, and fintech.

🎧 Podcast: Hey Fintech Friends ft Jennifer Arnold (MinervaAI)

“My dream future in anti-money laundering compliance is that it is almost invisible to the organisation and works so very well and so seamlessly and isn’t a constantly growing cost centre that we actually get to focus on why we do that work” - Jennifer Arnold

This Week in FintechHelen Femi Williams

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