Hello Fintech Friends,
Today's newsletter is brought to you in partnership with Evervault.
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know! Find me at @nikmilanovic, @twifintech, and @ndm)
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📊 Stat of the Week
The US' Small Business Administration-backed lending to small businesses rose 7% to $56 billion in fiscal year 2024.
💸 Venture Financing
WadzPaysecured a S$50 million ($37M) Share Subscription Facility investment commitment from GEM Global Yield to accelerate growth through acquisitions, partnerships, and organic initiatives.
OneChronosraised a $32 million Series B round to expand its AI-driven financial market platform.
Cardlesssecured $30 million to develop its next-generation co-branded credit card solutions.
Rangeobtained $28 million in funding for its flat-fee wealth management platform.
Deutsche Bankinvested $20 million in Partior, a blockchain-based cross-border payments firm, to enhance digital payment efficiencies and promote industry collaboration. The funding brings the company's Series B to $80 million.
Capitolisannounced a $20 million strategic investments from Citi, Morgan Stanley, State Street, and UBS to accelerate its capital markets platform.
Boosted.ai (shown below) raised $15 million to enhance its AI-powered investment management tools.
Constraforcollected a $14 million Series A for its construction-focused financial technology solutions.
OpenYieldsecured $7 million in funding to grow its bond trading platform.
Aevireceived $5M in venture debt funding from Salica Investments to expand its payments technology.
OpenTradeclosed a $4 million seed extension round to enhance its investment banking marketplace.
StoreCashlaunched an app enabling users to earn instant cash back at participating stores and raised a $3.7 million seed round.
Norbrraised $3 million in funding to expand its no-code payment orchestration platform.
Pi-xcelssecured $2.7 million in seed funding to develop its receipt digitization platform.
Solaris, the struggling German banking-as-a-service platform, is seeking fresh funding of £100 million to stabilize its operations amid ongoing challenges, including tightening regulatory scrutiny and a 30% layoff.
Corporate expense platform Ramp is looking to sell secondary shares at an $11 billion valuation.
📺
Sponsored Content
Network tokens are the new standard for processing online transactions, but understanding their real value can be challenging—especially with so much conflicting information out there. Evervault is hosting a live webinar to cut through the noise and offer a clear, unbiased look at what network tokens are, how they work, and the benefits they bring.
Join Shane Curran, CEO of Evervault, as he dives into the world of Network Tokens with Liam Wiltshire, Head of Payments at Overwolf. Save your spot today!
Want to sponsor a newsletter? See our sponsorship information here.
Want to invest in the best fintech companies of tomorrow? Come join our syndicate.
