Donner Peak, Lake Tahoe
Hello Fintech Friends,
Come one come all! If you’re at Money2020 Amsterdam this week, we’ll be partnering with our friends at AWS Fintech to co-host a networking happy hour on June 7th.
We were excited to see Fintech Fund portfolio company Vault* get the TechCrunch treatment from fintech editor Mary Ann Azevedo this week. Canadian SMB banking is a much more archaic experience than it is in the US, with services concentrated into the 5 largest national banks. Canadian SMBs also more frequently operate across borders, making features like seamless multi-currency conversion a game-changer.
Which other companies are building great products like Brex's in new markets? Who else should we be talking to?
Also, not strictly fintech, but one company I enjoyed reading about this week was Carrum Health, which raised a Series B to make specialist cancer care affordable for self-funded employers.
Please find another week of fintech financing events below. (PS:👍👎 Have feedback for us? Let us know!)
📺
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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
NomuPay, a unified payments provider in Turkey and Asia that was formed out of assets acquired from the defunct Wirecard, is seeing a second life with a new $53.6 million fundraise.
Magic, a non-custodial crypto wallet-as-a-service provider (embedding crypto wallet functionality into other platforms), raised $52 million from backers including PayPal.
Fabrick, an Italian open finance platform partnered with Mastercard, raised €40 million.
Vartana, a sales closing and financing platform, raised a $20 million Series B.
Transak, a crypto on- and off-ramp solutions provider, raised a $20 million Series A.
XFlow, an Indian cross-border payments platform, raised a $10.2 million pre-Series A.
RealBlocks, a platform for digital investing and secondaries trading in alternative investments, raised a $10 million Series A extension.
Holdings, which helps businesses manage and diversify their cash, raised a $7 million seed round.
CUR8, a UK market-making platform for carbon removal, raised a £5.3 million pre-seed.
Boom, which lets users build their credit scores by reporting rent payments, raised a $4.5 million seed round.
Klearly, a Dutch specialized payments app beginning with taxi drivers, raised a €2.1 million pre-seed.
Payrails, a German payment processor, is in talks to raise $13 million in fresh funding.
This week for the Fintech Frontlines, we highlight @barbara_iyayi, Founder and GP at @UnicornGrowth_C, a web3-focused fintech fund.
Congrats on the recognition, Barbara! pic.twitter.com/Rcj6tXbJQW— This Week in Fintech (@twifintech) June 1, 2023
Our Head of Community, @xtina1225 traded in investing on Wall Street to help innovators build the future of finance at Plaid and Unit, and leads community efforts that regularly connect thousands in fintech across the world.
This Week in Fintech's events: https://t.co/SgK7InDFVi pic.twitter.com/rvBaXH2HhF— This Week in Fintech (@twifintech) May 30, 2023
