Check out the key deals, funding rounds, milestones, and changes in the global fintech landscape, curated by our team. 𝐊𝐞𝐲 𝐞𝐯𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 May 27- June 2. NORTH AMERICA Frich Money, a financial wellness app, has secured $2.8m in a seed funding round led by Restive Ventures. EUROPE Doconomy, an impact FinTech, raised $37m in Series B funding, led by UBS Next and CommerzVentures. Klarna, BNPL, returned to profitability with an operating income of €21.6m for the first quarter of 2024. FintechOS, a product management platform for financial services providers, has raised a $60m Series B extension. Molten Ventures, Cipio Partners, and BlackRock led the deal. Cloover, a climate and FinTech startup, raised $114m in a seed funding round led by Lowercarbon Capital. Swiipr , an airline payments platform for flight delay, compensation, and operational payments, raised $7.6m in a Series A funding round led by Octopus Ventures. ZTLment, a decentralized money transfer startup, raised €2.4m in pre-seed funding from investors, including PreSeed Ventures, Upfin.vc and Giant Ventures. Landytech, an investment management platform, has secured a $5m corporate debt facility from CIBC Innovation Banking. APAC Marketnode digital financial market infrastructure firm, has closed a Series A round led by HSBC, with additional backing from co-founder Temasek. BharatX, a Y-Combinator-backed BNPL fintech startup, has acquired Zenifi, a healthcare finance startup that offers zero-cost and low-cost EMIs. AFRICA Mastercard and the African Development Bank Group launched the Mobilizing Access to the Digital Economy (MADE) Alliance Africa to extend digital access to critical services to 100 million African individuals and businesses over the next 10 years. #fintech #fintechweekly
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ICYMI #fintech funding round-up: Embat, slice, NayaOne, MoneyHash and more >Spanish start-up Embat has secured $16 million in a Series A funding round to fuel its international expansion plans. > Tel Aviv-headquartered global equity assurance platform Slice has emerged from stealth with $7 million in seed funding led by TLV Partners. >UK-based fintech NayaOne has landed a $4.7 million investment following a fundraising round led by EJF Capital, with participation from Australia’s Carthona Capital and the capital arm of Valley Bank, Valley Ventures. >New York-headquartered MoneyHash has raised a $4.5 million seed funding round, which will enable the firm to further invest in its technology and expand its business growth ambitions across the Middle East and Africa (MEA). >Global acquisition platform United Fintech has secured an undisclosed amount of investment in a corporate funding round, where BNP Paribas and Citi have become the company’s first institutional backers. >Swedish private equity firm Nordic Capital has made an undisclosed majority investment in US data analytics company ActiveViam to support the fintech’s next phase of growth. https://lnkd.in/edGTjKxA
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Exclusive: Fintech fund Outward raises £51m to defy the sector’s funding slump 💸 Outward VC’s Fundraising Success: Outward VC, a London-based fintech-focused VC firm, has raised £51m for its second fund, supported by the British Business Bank (BBB) and other investors, including family offices and financial institutions. 💹 Challenges in the Current Market: Fundraising for fintech has become more challenging in 2024 compared to 2019 due to higher interest rates and a more cautious investment environment. 💰 Shift in Investment Focus: While fintech remains important, it is now secondary to climate tech in terms of funding. In the first half of 2024, climate tech startups secured €21.3bn compared to €8.8bn for fintech startups. Outward VC invests in fintech and related sectors, including B2B fintechs and areas like employee healthcare benefits. Their recent focus includes a £1.7m investment in Capsa AI, which provides AI-driven due diligence for private equity. Looking ahead, Outward aims to raise £100m and make at least 20 investments, with a focus on profitable fintech areas like asset and wealth management. Check out the full piece 👇 by Tom Matsuda Sifted ❤️ Enjoyed this? Share the love with your network! 🗣 Have insights to share on this topic? Please comment! 🎉 Wanna learn more? I'm a message away! Let's get it 🚀 #fintech #funding
Exclusive: Fintech fund Outward raises £51m to defy the sector’s funding slump
sifted.eu
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There’s No Oasis in the Funding Desert - Here’s How to Keep Your Startup Alive In our latest Thought Leadership article, SteadyPay CEO John Downie discusses how the journey for startups and scaling businesses seeking funding has become more than just a steep uphill climb. According to KPMG, global VC investment fell from $531.4 billion in 2022 to $344 billion in 2023—the lowest level since 2019 and with the surge of startups, particularly in fintech, this has resulted in a crowded marketplace where differentiation is tough - and investors are now setting a higher bar, demanding clear paths to profitability and sustainable growth. https://lnkd.in/ep6T_Dvi #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews
There’s No Oasis in the Funding Desert - Here’s How to Keep Your Startup Alive
ffnews.com
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Check out our recent feature in The Fintech Times' Em Conversa! 🚀 ⠀ This conversation with Daniel Lloreda, our Co-founder, explores the future of fintech in LatAm, investment trends, and how we're bridging the US-LatAm startup ecosystems. ⠀ Daniel shares some incredibly unique challenges and opportunities in the region and why we continue to remain bullish on supporting early-stage fintechs. ⠀ Read the full article 👉🏼 https://lnkd.in/eUeh9gax ⠀ #Fintech #LatAm #Investment #StartupEcosystem #VentureCapital #Innovation
Em Conversa: Investing in LatAm Fintechs With HTwenty | The Fintech Times
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At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up so you can get the latest funding news. > Brightwave, an #AI-driven #financial research platform, has secured a $15 million Series A funding round. > Saudi-based B2B #fintech start-up Mala has raised $7 million in a pre-seed funding round. > Germany-based fintech UnitPlus has bagged €4.7 million in a seed funding round co-led by Liechtenstein’s Seed X and the UK’s VC Pact. > Auquan a fintech start-up based in the UK and US focused on AI automation, has landed a $4.5 million extension to its seed funding round, building on the $3.5 million it raised in October 2023. > Datava an end-to-end data management platform tailored for credit unions, has secured $3 million from Philadelphia’s American Heritage Credit Union and Launch Credit Union based in Florida. > Canadian start-up Parachute has bagged a $1.11 million (CAD 1.5 million) seed funding round, bringing its total funding raised to date to around $1.55 million. > The Openwork Partnership, a financial advice network based in the UK, has secured an undisclosed sum of investment from Bain Capital, a private investment company managing over $185 billion of assets. https://lnkd.in/eTP_Jg-6
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
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🚨 Fintech funding has dipped to a new four-year low with only $7.3bn invested in Q1 2024, says the latest State of Venture report from CB Insights. 🇺🇸 US-based fintechs lead the way in funding, followed by Europe and Asia. While the rest of the world has only received 12% of the total amount funded into fintech this year, we believe there is still potential for growth and innovation in these underfunded regions. Investors like Polychain Capital, Cogitent Ventures and Big Brain Holdings are leading the way, but OKX TR Ventures have sealed 21 deals this year alone. 🤔 What do you think about the current state of fintech funding? https://lnkd.in/e9E9sJfJ
Fintech funding shows signs of stalling in latest CB Insights report
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With investment in fintech having declined in 2023, we look at the investment landscape for 2024 and consider what startups can do to get noticed #Investment #Startups #VentureCapital
Investing in Fintech: Assessing the Landscape in 2024
fintechmagazine.com
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CEO & Strategic Business Consultant * Board Member * Venture Capital * Guest Speaker & Lecturer * Expert Strategist * Advisor * TechStars * PlugNPlay * Keynote Speaker * Digital Health Innovation * Startup Podcast
How the world of Fintech has advanced in the eyes of the investment community. A Fintech Founders must-read. #startup #startupfunding #funding #investing #business #founder #cofounder #pitchdeck #venturecapital #VC #tech #technology #marketing #Fintech #Investor #Investing #StartupInvesting
The Changing Landscape of Fintech Startup Valuations: Past Trends and Future Prospects
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Blog from Tenity: FinTech partnerships: how financial corporates can innovate alongside startup partners FinTech partnerships are one option for banks and other financial institutions that are looking for ways to innovate. Read more: https://lnkd.in/gZiHhQss #wealthmanagement #WealthTech #partnership #startup #FinTech #TWMMembers
Read online: FinTech partnerships: how financial corporates can innovate alongside startup partners
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Mastering Markets, Steering Success; Fueling Startups, Sparking Innovation; Cultivating Partnerships, Building Bridges.
💰 The Titans of Fintech Venture Capital 💰 The fintech landscape has been reshaped by the vision and commitment of key venture capital firms who see beyond the horizon. Despite a market correction from the high tides of 2021, these firms have not wavered in their pursuit of innovation. In 2023, venture capital investment in fintech stood at $34.6 billion, a sober step from the previous heights but a significant commitment nonetheless. As we navigate the shifting sands of fintech investment, let’s recognize the top 10 VC firms that have been the most active since 2019: 💵 Coinbase Ventures - Diving deep into the digital assets and DeFi space with 327 VC investments. 💶 500 Global - A global accelerator and investor with 270 investments across various geographies. 💸 FJ Labs - With their eyes on fintech gems like Klarna and Revolut, boasting 268 investments. 💳 Global Founders Capital - An early-stage firm with a broad vision, marking 267 investments. 💲 Soma Capital - Not just investing, but nurturing fintech unicorns, with 259 investments. 🤑 Andreessen Horowitz - Leading the charge with high-profile bets in online payments and beyond, counting 224 investments. 💴 Tiger Global - A strategic asset manager backing fintech key players, with 218 investments. 💸 NGC Ventures - With a laser focus on cryptocurrency and blockchain startups, holding 198 investments. 💹 Goodwater Capital - Investing in fintech specialists like Greenlight and Monzo, also with 197 investments. 💰 Alumni Ventures - Connecting with university-alumni-focused funds and startups, making 197 investments. These firms are the vanguards of fintech, fueling the sector’s growth and fostering the innovations that continue to redefine the financial services landscape. As the figures indicate, they are not just betting on companies, but are betting on the future of finance itself. #Fintech #VentureCapital #Innovation #InvestmentTrends #PitchBook #TopInvestors #FinancialServices
These are the 10 most active investors in fintech
pitchbook.com
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