Slim Aarons, Portofino 1977
Hello Fintech Friends,
We’re taking this year to spend more time focused on you: what you like about This Week in Fintech, what could be improved, and what you’d want to see us do next.
😊 / 😔 Let us know how we’re doing.
And please find another week of fintech financing events below.
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UK fintech funding overall fell by 8% in 2022, from $13.5 to $12.5 billion - but Scottish fintech was a brightpoint, with 200% growth in funding to £305 million.
💸 Venture Financing
Xpansiv, an infrastructure provider for environmental investing markets, raised $125 million from backers including Bank of America and Goldman Sachs.
Paytient, a health payment accounts provider, raised a $33 million Series B and $7.5 million in debt.
Fractal Homes, a UK-based fractional home investing startup, raised a $30 million seed round.
Butter Payments, a subscription payments provider to enterprise businesses, raised a $21.5 million Series A.
Gynger, a lender to cover software purchases, raised $11.7 million in seed funding and $10 million in lending debt.
The Easy Co, a social crypto wallet, raised $14.2 million in seed funding.
Mondu, a German B2B payments provider, raised a $13 million Series A extension.
40Seas, an Israeli platform for cross-border trade finance, raised $11 million in seed funding and $100 million in lending debt.
Penta, a Swiss small business banking startup, raised €3 million.
Canary, a platform for enabling employers to set up emergency relief funds for workers, raised $2.9 million from Capital One.
C14, a crypto on-ramp, raised $2.5 million in seed funding.
Cryptiony, a Polish crypto tax automation provider, raised a €500k pre-seed to expand into the UK.
AccessFintech, a capital markets software builder, raised additional funding from BNP Paribas.
Stripe trimmed its internal valuation to $63 billion.
The "collapse" in fintech venture means "only" ~$40B a year in funding
ie same as '18, '19, '20 pic.twitter.com/ie4g2nxpJq— Rex Salisbury (@rexsalisbury) January 10, 2023
💰 Venture Funds
Mendoza Ventures, a female and Latinx-led fintech venture firm, raised the first $100 million of a fund anchored by Bank of America and Grasshopper Bank.
