Monzo crosses £1B in revenue (TWIF 6/7)

Scalable Capitalraised$155 million in a funding round led by European investors to expand its digital wealth management and brokerage platform.

NomuPayraised$40 million and partnered with SBPS to expand its payments infrastructure across Asia.

Simetrik, a financial and accounting services startup, secured an additional $30 million Series B extension led by Goldman Sachs.

Aibidia, an AI-powered transfer pricing platform, raised$28 million to scale operations and expand its global reach.

OatFiraised$24 million in a Series A round to develop modern credit infrastructure for B2B payments.

Netic, a startup building an AI revenue engine for essential service providers, raised a $20 million Series A.

Railsraised$14 million from backers including Kraken Ventures to launch a new crypto exchange focused on institutional users.

Unicredit made a follow-on investment of €10 million in Berlin-based lending-as-a-service fintech Banxware. The deal will see Banxware partner with with UniCredit's newly acquired BaaS platform Aion and Vodeno to enhance its automated lending solutions to SMEs.

Kiwi, a fintech company building AI-powered financial tools for underbanked Latinos in the U.S., announced a $7.8 million Series A equity round.

LIMITEDraised$7 million in seed funding to scale its global stablecoin-based banking platform.

Amperos Healthraised$4.2 million in seed funding to enhance its AI-driven payments, billing, and prior authorization solutions for healthcare providers.

N2F, a French expense management platform, secured a strategic growth investment from FTV Capital.

Payallreceived a growth investment from Ventura Capital to accelerate the expansion of its global B2B cross-border payment systems.

HSBCinvested in Token.io, an open banking platform, to strengthen its embedded finance capabilities.

Stablecoin issuer Tether made a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico.

Citiinvested an undisclosed sum in Vontive, a platform offering embedded mortgage solutions for fintechs and proptechs.

Atticus, a stablecoin infrastructure provider, is reportedly raising funds from investors including Anduril's Palmer Luckey at a $1.5 to $2 billion valuation.

Tideannounced plans to expand internationally and is reportedly in advanced talks with Apis Partners, a UK fintech investor, about a new funding deal that would see its valuation rise above $1 billion.

PalmPay, an African digital bank, is in talks to raise between $50 million and $100 million in a Series B round.