Hello Fintech Friends,
Today’s newsletter is brought to you by Spinwheel, modernizing consumer credit.
I'm excited to be headed to Finosummit this year, the largest LatAm fintech conference, to talk about stablecoins. Who else will be there? Let me know if you'll be joining.
I also want to say a huge congrats to our friends at Moment, who just announced their $36M Series B this week, led by Index. We met the founders and invested in 2022 and it's been very impressive to see how their fixed income infrastructure product has grown alongside the boom for credit assets.
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)
💡
A Message From Our Partner
Meet the API That's Modernizing Consumer Credit
Credit is overdue for a reinvention, and Spinwheel might just be the spark we've been waiting for. Their Debt APIs streamline the consumer debt lifecycle, slashing inefficiencies and unlocking real-time, verified credit data, all from just a phone number and birthdate. Yes, that’s it. A phone number, birthdate, and voilà – it’s magic (...or smart tech)!
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📊 Stat of the Week
“Despite having 500 million users in India, WhatsApp couldn’t crack the country’s $3 trillion fintech market.”
“Over half of people who have acted on social media financial advice have lost money.”
💸 Venture Financing
iCapitalraised over $820 million in a funding round that bumped its valuation above $7.5 billion.
Biltraised $250 million at a $10.75 billion valuation to expand its housing and neighborhood commerce platform, and severed its partnership with Wells Fargo.
MaintainXraised a $150 million Series D led by to support its asset‑management AI platform.
NFS Capitalreceived a $100 million investment.
Huspyraised $59 million to scale its UAE‑based proptech into Europe.
Agoraclosed a $50 million Series A round for its global stablecoin banking platform.
Moment*secured $36 million to scale its fixed‑income fintech infrastructure platform.
Welliraised $25 million to expand its medical‑credit platform in Latin America.
Nominalraised $20 million to develop its enterprise finance solutions.
Gradient Labsraised $13 million to launch their AI‑chatbot startup for financial services.
Kuru Labsraised $11.6 million at the Monad DeFi hub.
Castellum.AIraised $8.5 million to scale its AI‑agent and AML/KYC platform.
Abacusraised $6.6 million in seed funding for its agentic CPA assistant.
Layerraised $6.6 million to embed accounting into the SMB stack.
Circuitraised $4.5 million in seed funding to support its digital‑asset recovery service.
Cariqaraised €4 million to simplify EV‑charging payments and pricing.
Bridgeportraised $3.2 million to accelerate its forex‑platform development.
MogoPlusraised AU$1.5 million in funding to advance its agentic AI platform in lending.
Tetherinvested in Crystal Intelligence to boost blockchain forensics.
Conpendsecured growth funding for its structural design platform for banks and financial institutions.
💰 Venture Funds
Ondo Finance and Pantera Capitallaunched a $250 million Ondo Catalyst initiative to invest in real‑world asset tokenization projects.
There is a lot of discussion around tokenizing equities. Most everything I’ve seen on this subject has been wrong. The primary reason to put equities on blockchain is to use equities as collateral (in defi and CEXs) with secondary benefits of cross settlement (equities to BTC,…— Mike Cagney (@mcagney) July 10, 2025
💡
A Message From Our Partner
Meet the API That's Modernizing Consumer Credit
Credit is overdue for a reinvention, and Spinwheel might just be the spark we've been waiting for. Their Debt APIs streamline the consumer debt lifecycle, slashing inefficiencies and unlocking real-time, verified credit data, all from just a phone number and birthdate. Yes, that’s it. A phone number, birthdate, and voilà – it’s magic (...or smart tech)!
Want to sponsor a newsletter? See our sponsorship information here.
