SoFi Finalizes $5B Debt Deal with Blue Owl (TWIF 3/29)

TON Foundation, the blockchain used to power the growing number of mini apps that function within the Telegram's messaging app ecosystem, raised over $400 million through a token sale.​ The platform is rumored to be launching a stablecoin this year.

Mercury*, a banking services provider to over 200,000 businesses, secured $300 million at a $3.5 billion valuation.​

Rogo, an AI startup focused on facilitating work for junior bankers, raised $40 million at a $350 million valuation.

Mendel, a Mexican corporate spend management startup, raised a $35 million Series B.

Capital Markets Gateway, a firm that connects sell-side firms and the buy side to provide workflow efficiencies throughout the entire ECM offering process, closed a $30 million Series C.

Rain, a company which issues credit cards that customers can settle in stablecoins, raised $24.5 million.

Edge Marketslaunched a banking platform for gamblers with a $17 million seed round.​

RockFi, a French firm that bridges human expertise with digital innovation in private banking, secured €18 million.

Abound, a remittance app that was spun out of Times Internet in 2023, raised $14 million.

Paid, a new startup by Outreach founder Manny Medina, raised €10 million to help AI agents get paid.​

Sympera AIraised $10 million in seed funding to help banks tap into a $150 billion SMB opportunity.​

Enza, an African startup building infrastructure for banks and fintechs, offering a range of local payment solutions, from cards to wallets to real-time payments, secured $6.75 million.

Burbankraised £5 million to build and offer online tap and PIN payments.​

Firenze, a wealthtech company, raised a £2.5 million seed round.​

Squid, a loyalty platform, closed a €1.7 million crowdfunding round.​

Nosible, an AI-driven stock market researcher, secured $1 million in pre-seed funding.​

Personal lender SoFi finalized a debt agreement with Blue Owl Capital worth at least $5 billion to expand its loan platform business, aiming to diversify revenue streams towards less capital-intensive and more fee-based sources. ​

Abound, a British AI-powered credit technology firm, secured up to €300 million in financing from Deutsche Bank to enhance its ability to offer fairer, more affordable credit to UK borrowers, raising its total lending capacity to €1.9 billion.

Crypto payments firm MoonPayobtained a $200 million revolving credit line from Galaxy, providing financial flexibility to meet increased demand.

European fintech investor Incore Invest raised a new €25 million fintech investment fund.