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THE FRONT PAGE OF GLOBAL FINTECH

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The Main Edition - Fundraises


THEY WROTE FINTECH OFF, BUT FINTECH DIDN'T WRITE BACK (TWIF 7/15)

NIK MILANOVIĆ

Jul 15, 2023 4 min
- KB

Hello Fintech Friends,

Is fintech coming back? 

Our collection of fundraises over the last two weeks counts 33 new fintech
companies, including:

 * An NFT lending startup (!)
 * Startups from all over the US, Brazil, France, India, Singapore, Switzerland,
   and South Korea.
 * 22 rounds of $10 million or less, signaling rising interest in early-stage
   teams.

You’d be forgiven for thinking that the fintech funding market is recovering...

..which, by the way, is something that we discuss in our Signals Q2 overview,
Every fintech will be an AI company. Check out the distribution of funding
rounds in Q2 vs. Q1, and more here:

And if you’ve ever wondered what is happening across the pond (no, that pond) in
China’s fintech market, you should subscribe to Ning’s great This Month in
Fintech - China:

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.  Collective, a platform which provides bookkeeping, payroll and tax advice
     to freelancers, raised $50 million in funding.
 2.  Solaris, a European embedded finance provider, raised a €38 million Series
     F at a flat $1.6 billion valuation.
 3.  Dougs, a French accounting startup with €15 million in annual revenue that
     has bootstrapped since 2015, raised €25 million.
 4.  Clair, an app for frontline workers to get paid instantly, raised $25
     million in equity and $150 million in new debt.
 5.  MerQube, a financial indexing platform, raised a $22 million Series B.
 6.  Tandem, a UK neobank, raised £20 million in new capital.
 7.  Jirav, a builder of cloud-based financial planning software for businesses,
     raised a $20 million Series B.
 8.  Mattilda, a Mexican collections and payment processing platform for private
     schools, raised a $19 million Series A.
 9.  RightRev, a cloud-based finance and accounting platform, raised $12
     million.
 10. Numarics, a Swiss digital CFO solution for small businesses, raised €10.2
     million.
 11. Abound, an Indian provider of a remittances app, raised $10 million.
 12. Trunk Tools, a payment platform for construction workers, raised a $9.9
     million seed round.
 13. Moove, a mobility fleet financing startup for South Africa and Ghana,
     raised $8 million.
 14. Ivy, a European API for instant bank payments and settlement, raised €7
     million.
 15. Efficient Capital Labs, a revenue-based financing platform for SaaS
     businesses in the US-Asia corridor, raised $7 million.
 16. CapStack, an operating system for bank loans, raised a $6 million seed
     round.
 17. Gondi, an NFT-backed lending protocol, raised a $5.35 million seed round
     and went live.
 18. TopKey, a financial operation platform for the hospitality sector, raised a
     $5.1 million seed round.
 19. Nest Egg, a wealth management software provider, raised $5 million.
 20. OneAdvisory, a wealth tech platform for financial advisors, raised a $4.3
     million seed round.
 21. FinRes, a French agricultural investment startup, raised €4.1 million.
 22. U Fintech Hub, a South Korean remittances platform provider, raised $4
     million.
 23. KTX.Finance, a Singaporean decentralized perpetuals exchange, raised a $4
     million seed round.
 24. Narval, a French digital asset management startup, raised $4 million.
 25. Roi, an app to track crypto and NFTs alongside traditional brokerage
     holdings, raised $3.6 million.
 26. House Numbers, a homeowner wealth management startup, raised a $3.75
     million seed round.
 27. Equabli, a debt recovery platform for lenders and borrowers, raised $3.35
     million.
 28. OneStack, an Indian open banking software provider, raised $2 million.
 29. AlloyX, a real world asset DeFi vault, raised a $2 million pre-seed.
 30. ESG Bay, an ESG self-assessment platform, raised a £135,000 crowdfunded
     pre-seed.
 31. Sofi, a Brazilian accounts receivable startup, raised BRL470,000 (about
     $100,000).
 32. Komgo, a digital trade finance network, raised funding from Santander.
 33. 73 Strings, a French provider of valuation and portfolio monitoring
     solutions for the private capital industry, raised a Series A.



Source: Finextra

> 💵 Debt Financing

 * Health savings and payment account provider Paytient raised $7.5 million in
   venture debt from Silicon Valley Bank.



--------------------------------------------------------------------------------

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

READ NEXT


PAGAYA RULES EVERYTHING AROUND ME (TWIF 4/23)

Hello Fintech Friends, ⚠️Editor's Note: Because of the double-post from our
publishing software glitch on Friday, I'm combining this week's Saturday and
Sunday posts to avoid cluttering your inbox. What a week for content! First, we
had a great guest post for Signals from Sara Hayden Van Velkinburgh on Why
Nik Milanović Apr 23, 2023


FIGHTING FINANCIAL CRIME IS BIG BUSINESS (TWIF 7/1)

Hello Fintech Friends, ☀️ We’ll be taking a break next weekend (July 7th, 8th,
and 9th) but will be back with more great fintech in your inbox the week
following! 💂 If you are based in London, join us and our friends at Alloy for
the next London Fintech Happy Hour
Nik Milanović Jul 1, 2023


THE UK IS BACK: $60M FOR VOLT, £15M FOR TREASURYSPRING, AND $235M FOR ILLUMINATE
FINANCIAL (TWIF 6/24)

Hello Fintech Friends, Only a week after Andreessen Horowitz chose London as the
site of its first non-US office, UK fintechs and fintech-focused VCs are
demonstrating why! There was a lot of post-Brexit prognostication about the
downfall of the UK tech scene in favor of Dublin, Paris, and other EU
Nik Milanović Jun 24, 2023

COMMENTS (0)




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