Fundraises

Your Next Fintech Job Awaits (TWIF 2/22)

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Hello Fintech Friends,

We just rolled out a new job board for This Week in Fintech and we're already off to the races with 144 jobs listed!

Want to list yours? Let us know at jobboard@thisweekinfintech.com.

I was also surprised (and deeply appreciative) of Mary Ann Azevedo's coverage of The Fintech Fund in TechCrunch yesterday. It was nice to be profiled along some of our favorite co-investors, BTV, Infinity, QED, and TTV. We're in fintech for the long-haul.

Today's newsletter is brought to you by NYU Stern. Please find another week of fintech financing events below.

(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)

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📊 Stat of the Week

Per KPMG, 2024 fintech funding continued to fall. "The second half of the year was notably slower than the first, with investment falling from $51.7 billion in H1’24 to $43.9 billion in H2’24. Between Q3’24 and Q4’24, global fintech investment rose from $18 billion to $25.9 billion. Both M&A deal value and VC investment also rose quarter-over-quarter, from $7.4 billion to $14.2 billion and from $9.7 billion to $11.2 billion, respectively."

💸 Venture Financing

Blockaid, which tackles rising cyber-crime risks in the digital-asset space, raised a $50 million Series B. Chainalysis data show that funds stolen by crypto hackers rose 21% year-over-year to $2.2 billion in 2024.
American neobank Varo raised an additional $29 million and replaced its founder and CEO. The company was hoping to close a $55 million Series G; it has raised over $1 billion since 2015.
Unit Network secured $18 million to develop a decentralized platform for trading real-world and digital assets.
Capi Money obtained €17.2 million to revolutionize global trade for SMEs in emerging markets.
CredCore, a private debt market analytics startup, raised $16 million.
DiligentIQ received $12 million in Series A funding to accelerate AI-powered due diligence in private markets.
Tether backed stablecoin liquidity provider Mansa in a $10 million seed round.
Stacks, founded by Uber alumni, unlocked $10 million to build an automated accounting platform that simplifies financial close processes.
Universal (fka Alongside),* a platform for tokenizing and trading indices of real-world assets, raised $9 million. (Screenshot below)
Mavvrik, a platform for IT financial control, secured $6.2 million in seed funding.
Ziglu, a UK-based cryptocurrency business that once commanded a $170 million price tag, raised £5 million at a £45 million valuation to launch its own coin.
SRA Watchtower raised $4 million for AI-powered risk intelligence.
Glassbox raised $1.2 million to reimagine the spreadsheet for AI-enabled corporate transactions.

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