Hello Fintech Friends,
Today’s newsletter is brought to you by WolfPAC.
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We had a great conversation this week on stablecoin merchant acceptance at our fourth Stable Salon, and you can now catch the video on our Youtube channel.
How hot is fintech this summer?
News broke this week that Citigroup and Carlyle are teaming up to provide debt and equity financing to "growing financial technology firms," looking to take advantage of the booming asset-backed finance market.
“As these fintech companies mature they seek financing across both private and public markets,” Akhil Bansal, head of asset-backed finance at Carlyle, said in an interview. “With Carlyle’s ability to provide private capital financing and Citi’s to arrange public securitizations, we plan on covering their financing needs over their lifetime.”
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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Venture Financing
Wealthboxsecured a $200 million majority investment from Sixth Street Growth to accelerate product development and expansion.
Abacumraised$60 million in a Series B round to enhance its financial planning software.
Octauraraised$46.5 million in funding to grow its syndicated loan and CLO electronic trading platform.
Fermatsecured$45 million to scale its commerce infrastructure for creators and digital storefronts.
Hypernativeraised$40 million to strengthen its real-time crypto threat detection and prevention platform.
Tebi, founded by a former Adyen co-founder, raised $30 million to develop its serverless infrastructure startup.
Payrailsraised$32 million in a Series A round to help global enterprises optimize their payment performance.
Turnkey, launched by former Coinbase execs, secured $30 million to expand its crypto wallet infrastructure services.
Noahraised$22 million to build a global stablecoin payments network for consumers and merchants.
Farsightsecured$16 million to simplify enterprise workflow orchestration and operations.
Tealraised$14 million to expand its payroll data infrastructure offerings.
AgentSmythraised$8.7 million to develop autonomous AI agents for institutional trading in financial markets.
Pistonraised$7.5 million to modernize fleet fueling with a cardless payment platform.
OpenTradesecured$7 million to build its "stablecoin-as-a-service" infrastructure for capital markets.
FinanceKeysecured€3 million (~$3.2 million) to automate workflows for corporate finance teams.
RetroRateraised a $2.2 million seed round to expand its assumable mortgage-focused real estate marketplace.
Parlay Financeraised$2 million in seed funding to simplify DeFi access for institutional investors.
💡
Sponsored Content
Looking to build stronger relationships with financial partners and earn consumer trust?
Download our Fintech Due Diligence Playbook to learn how to create a thorough due diligence package that meets the expectations of your prospective partners.
This actionable guide includes a detailed due diligence checklist, proven best practices from our team of Fintech risk management experts, and practical tips to help you accelerate onboarding, speed up customer acquisition, and drive long-term revenue growth. Get your free copy today.
Want to sponsor a newsletter? See our sponsorship information here.
