Startup Rise EU News’ Post

Zeta, led by Bhavin Turakhia, aims for $1 trillion UPI credit disbursals by 2030. The fintech startup launches a new tech stack for UPI transactions, targeting global break-even and strategic partnerships. Follow for more updates! #karlostartup #startupcommunity #updates #socialmediaupdates #startupnews #businessnews #zeta #upi #news #Fintech #transactions

Exciting news for small businesses! Imagine getting the credit solutions you need, without the hassle. That's exactly what FLOWPAY, a Czech fintech startup, is making possible. They just secured €2.1M to scale their tailored credit solutions beyond the Czech Republic. Here's why this matters: 1. Predictive AI Models: FLOWPAY uses advanced AI to predict your business needs. 2. Automation: Streamlines the entire process, saving you precious time. 3. Embedded Finance: Seamlessly integrates financial services into your business operations. FLOWPAY’s mission? Empowering SMEs to grow with better operational funding. This new investment, led by Techstars and supported by notable Czech VCs and angel investors, is set to enhance FLOWPAY's tech and reach more businesses like yours. Get ready for smarter credit solutions! What financial challenge is your business facing today? Matěj Turek, CFA, William Jalloul, Jiří Ruml,Filip Čermák, Daniel Hastik   #Fintech #SME #BusinessGrowth #MondayFunding

Ameetee secures $1M in Seed funding to boost its B2B fintech platform. #Ameetee has successfully closed a $1 million seed funding round, marking a pivotal moment for B2B #fintech platforms. This financial injection is set to catapult Ameetee's mission to provide financial institutions with a universal solution, allowing their customers to invest in private companies through transferable securities. Since its inception in 2023 by Mila Khrapchenko, Serge Shlyuger and Natan Shkurovich, Ameetee has demonstrated remarkable growth, achieving a $12 million turnover and forging partnerships with several institutional clients. The platform offers unique investment opportunities in notable companies such as Bayzat, Klarna, and Alto Pharmacy, showcasing its potential to redefine how financial institutions engage with private market assets. Unlike typical online investment platforms that may lead to capital outflow from financial institutions, Ameetee introduces a 'white-label' solution. This innovative approach enables these institutions to integrate Ameetee's offerings seamlessly into their product lineup, under their own brand, thereby enhancing their services without the need for additional staffing. This strategy retains customers but also expands the institutions' offerings, empowering investors with diversified portfolios and providing startups with essential financing options. Ameetee's vision extends beyond mere transaction facilitation; it is actively developing a marketplace for trading these securities and launching educational courses for banks and brokers. This focus on education and market development is crucial, especially given the burgeoning growth of the online investment platform market, projected to soar to $30.42 billion by 2032. The article on Finextra in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

TL;DR: Prometeo Raises $13M for Latin American Fintech Expansion ↓↓↓ Prometeo has raised $13 million in Series A funding, with Antler Elevate leading the investment joined by PayPal Ventures, Samsung Next, and DN Capital, among others. The company, which connects businesses with financial institutions via a single API, will use the capital to enhance its banking data access and payment transfers across Latin America, covering over 283 financial institutions in 10 countries. The platform aims to standardize the region's financial technological infrastructure, promote integration, and serve banks, fintechs, and corporations. The funding underlines Prometeo's commitment to creating a secure, scalable platform that meets high industry standards for data aggregation, account validation, and real-time payments. With its strategic investment, Prometeo positions itself for growth, driving financial connectivity in Latin America and providing international businesses easier access to the region. Co-founder Ximena Aleman and Antler Elevate partner Fady Abdel-Nour affirm the company's potential to transform financial operations with its advanced technology and compliance-focused architecture. → https://buff.ly/3S3dbQC

Our Executive Director, Hector Jirau, Ph.D., discussed with The Fintech Times how #LatAm has become one of the best regions for #FinTech advancements, attracting attention from EU and US corporations. Despite the growing number of innovators, the challenge lies in securing enough capital for accelerated development. Dr. Jirau highlighted the importance of corporate venture capital (#CVC) as a lifeline, allowing large corporations to test new products and gain a competitive edge. 💡 Embracing corporate venture capital not only stimulates economic growth but also sets off a positive cycle of #FinancialInclusion. 🔗 Read more: https://bit.ly/3TVEWNC

🥇 Today, at the world's largest fintech conference, Money20/20 in Amsterdam, Flexvelop won 1st place in the Startup Competition! 🏆 We are very thrilled and thankful that the audience and investors voted for #Flexing as a “global shaker” solution for the financial industry. 🎯 Flexvelop is one of the few fintechs that is driving innovative solutions in both the “Fin” and “Tech” sectors. We combine a powerful new financial instrument - tailored to the financing of business equipment - with a unique platform that enables end-to-end contract closing in seconds. This is innovation. This is FinTech. This is Flexvelop. Flex. Grow. Pro. 💛 #Money2020EU #innovation #fintech #b2b #payment #flex

It's great to see that Centiglobe has been featured in the Sifted European Payments Market Map for 2024 as one of the 'Early Stage Startups to Watch in Europe.' Their dedication to developing smart DLT cross-border payment solutions significantly contributes to the evolving financial landscape. This acknowledgment by Sifted, supported by the Financial Times, underscores the essential role emerging fintechs play in shaping our industry’s future. Congratulations to the Centiglobe team on your recognition. Your commitment to enhancing financial flows across borders is noteworthy. Let’s continue to support such groundbreaking work that drives growth and innovation in the European payments sector. Read more here: https://bit.ly/3vRxoSy #Fintech #Innovation #Payments #DLT #FinancialTechnology #EuropeanStartups

Btrust , a FinTech startup founded in 2023, has secured $1.5 million in seed funding led by Invexor . This investment highlights BTrust's rapid ascent in the invoice financing sector with its innovative real-time factoring auction platform. The platform allows SMEs to sell invoices directly to buyers, reducing interest rates by 75%, and fostering economic growth in Chile. With new capital, BTrust plans to expand and enhance its AI solutions to combat invoice fraud, reinforcing its SaaS model for supply chain finance. The company's commitment to ESG principles underscores its role in driving sustainable economic growth and social impact. #FinTech #BTrust #InvoiceFinancing #SeedFunding #Invexor #SMEFinance #AI #SupplyChainFinance #SaaS #EconomicGrowth #fundsfever

Colombian fintech Cobre raises a $35 million series B #Cobre, a real-time payments #fintech startup based in Colombia, has raised $35 million in Series B funding led by Oak HC/FT. Existing investors KASZEK, QED Investors, and Canary also participated in the round. Founded by CEO Jose V. Gedeon, Cobre has developed its own real-time payments rails, facilitating instant domestic payments in Colombia and Mexico. By partnering with financial institutions and streamlining transactions between different banks, Cobre is revolutionizing the way businesses handle payments in a market where cash is still predominant. With over $40 million in annual recurring revenue (ARR) and total funding reaching $66 million, Cobre is well-positioned to capitalize on Colombia's upcoming fast payments system planned for 2025. Their subscription-based reconciliation platform allows companies to connect all their bank accounts in one place, simplifying financial operations and reducing manual workloads. Oak HC/FT's investment marks their third in Latin America, highlighting growing confidence in the region's fintech potential. The article on Axios in the first comment.

As I wrap up my #LearnInPublic challenge with NextLeap, I’m diving into one of the most exciting innovations in FinTech: Credit on UPI! 🔥 Imagine this: You’re out shopping or paying bills, and you need a bit of extra cash to cover your expenses. Instead of complicated loan applications, what if you could get instant microloans with just a few taps on your phone through UPI? 📱💳 💡 Fun Fact: Did you know that UPI processes over 10 billion transactions a month? 😮 And now, integrating credit on UPI means even more financial empowerment for millions of users! 🔓 I’m thrilled to see how the future of digital payments will evolve, especially with credit on UPI making financial access faster, smarter, and more inclusive! 🙌 #Fintech #UPI #CreditOnUPI #Innovation #DigitalPayments #LearnInPublic #ChallengeComplete ✅ #NextLeap #Product #ProductManagement