Hello Fintech Friends,
Happy long weekend to our US readers!
I've learned a lot over the last twelve years in fintech, but I still find myself learning constantly.
That's why I'm starting a new irregular series to memorialize and share some of these lessons along the way.
Feedback is always welcome!https://t.co/1ilIyJB0ch— Nik (@NikMilanovic) August 28, 2023
What should @chriswallacevc and I talk about at @TechCrunch Disrupt this year?
We'll be focusing on how to raise your first round as a fintech founder!
Let me know if you can join us --
and which burning questions we can answer 🤑 pic.twitter.com/AIRGHpYTKX— Nik (@NikMilanovic) August 31, 2023
Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)
📺
Sponsored Content
Seamlessly embed scalable payment, deposit, and lending solutions into your products and platforms with Newline™ by Fifth Third. Newline™ is the modern, embedded payments platform that combines world-class banking, risk management and technology solutions with developer tools and managed services. Learn more at newline53.com.
Want to sponsor a newsletter? See our sponsorship information here.
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.
📊 Stat of the Week
UK open banking payments are slowly creeping up - hitting a record high in July this year, at 11.4 million payments - a 102% year over year increase.
African fintech startups raised $2.7 billion in the last two years, with the number of fintech startups in the region growing 17.7%. (Source)
💸 Venture Financing
Ivy, an international open banking payments provider, raised a $20 million Series A.
Cerby, a comprehensive access management platform for nonstandard financial applications, raised a $17 million Series A.
Qashier, a payments system provider based in Singapore, raised a $10 million Series A.
MFast, a Vietnamese financial services provider, raised a $6 million Series A.
Rextie, a Peruvian foreign exchange platform, raised strategic funding from Citi.
Cumbuca, a company building joint bank accounts in Brazil, raised $3 million.
Parallel, a headcount and financial forecasting app, raised a $1.85 million pre-seed.
OneID, a UK provider of bank-verified digital identification, raised £1 million.
💰 Venture Funds
FinTech Collective of New York is looking to increase its fund size by 50% in a new fundraise of up to $300 million for its sixth fund.
Crypto payments firm MoonPay launched a new venture arm to invest in web3, gaming, and fintech.
