Hello Fintech Friends,Only a week after Andreessen Horowitz chose London as the site of its first non-US office, UK fintechs and fintech-focused VCs are demonstrating why!
There was a lot of post-Brexit prognostication about the downfall of the UK tech scene in favor of Dublin, Paris, and other EU tech hubs; was that narrative oversold?
Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)
If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us). Are you a fintech angel investor? Come join our syndicate.
💸 Venture Financing
Volt, a UK open banking-based payment facilitator (account to account), raised a $60 million Series B at a $350 million valuation.
Yendo, which provides a consumer credit card secured by a car, raised a $24 million Series A.
Blackbird AI, an AI-driven risk management tool provider, raised a $20 million Series B.
Heard Technologies, a payroll, bookkeeping, and tax management platform for therapists, raised $15 million.
TreasurySpring, a UK fixed-term fund platform for capital markets, raised a £15 million Series B.
Yellow, an asset financier for solar energy in Africa, raised a $14 million Series B.
Mypinpad, a mobile card payments acceptance and identity authentication provider, raised $13 million.
Maverick Protocol, a decentralized finance infrastructure provider, raised $9 million.
Aktos, a debt collection software maker, raised a $4.4 million seed round.
Crux, an ecosystem for sustainable finance that will accelerate clean energy projects, raised a $4.25 million seed extension.
Concordia, which is working on an “interconnected, permissionless, and optimized DeFi ecosystem,” raised a $4 million seed round.
Trezy, a French-Dutch cashflow management platform, raised a €3 million seed round.
Earn Network, a marketplace for liquid investments, raised a $2.7 million seed round.
Chexy, a Canadian platform that rewards users for paying rent, raised a C$1.3 million pre-seed.
TransBnk, an Indian programmable transaction banking system, raised a $1 million seed round.
Cleareye.ai, an automated trade finance platform, raised strategic funding from JP Morgan.
💰 Venture Funds
Illuminate Financial, a UK financial services-focused VC, raised a third fund of $235 million.
This week for the Builders Series, we highlight @saroopbharwani, Co-Founder and CEO @GoSenso, a proactive borrower intelligence and engagement platform for mortgage lenders
Congratulations Saroop! pic.twitter.com/VQTmJxDCST— This Week in Fintech (@twifintech) June 22, 2023
This week for the Fintech Frontlines, we highlight @streetgeekVC, VC at of @MandT_Bank. At M&T, Lokilani focuses on sustainable and strategic investments.
Congrats on the recognition, Lokilani! pic.twitter.com/yqwZrEjmeg— This Week in Fintech (@twifintech) June 23, 2023
