Hello Fintech Friends,
What a year in fintech we've already had. I can't believe we're only two weeks into 2025...
Thank you so much to everyone who replied to our Annual Reader Survey. I was surprised by how many (very helpful) responses we got. As promised, we have $100 to give away to a randomly selected respondent – Fabiola Salazar, please let us know how we can get it to you!
We also got great comments in our Simple Reader Survey, which is open year-round for your feedback (and I personally check it).
If you missed it, yesterday we launched Stablecon, the largest global stablecoin conference, which will be in New York City on May 29th. 1,500+ attendees, 100+ speakers, 1 full day. You can see our press release here:
Our podcasts are also back to a great start! Julie hosted a lively, fun conversation with two OGs in the fintech investing space, Flourish Ventures Managing Partner Emmalyn Shaw and Homebrew + Screendoor Co-Founder Satya Patel:
And Sophie published our quarterly round-up, Signals, covering all the fundraises, exits, product launches, and stablecoin announcements of Q4:
Curious about our headline? Please find another week of interesting stats and fintech financing events below.
(👍👎 Have feedback for us? Let us know! Find me at @nikmilanovic, @twifintech, and @ndm)
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📊 Stat of the Week
At least half of all US consumers are now linked their information via Plaid. (From Plaid’s Revenue, Usage Rates Jump as CEO Sees ‘Fintech Spring')
💸 Venture Financing
OnPayraised over $100 million in funding to expand its payroll and HR services.
Sygnumsecured$58 million, achieving unicorn status, to grow its crypto banking operations platform.
LemFiraised$53 million in Series B funding to expand remittances into new markets, particularly Asia and Europe.
Float Financialsecured$48.5 million in Series B funding to build out its Canadian business banking platform.
NomuPayraised$37 million at a valuation of $200 million to build payment infrastructure in underserved Asian markets.
Orchid Securityraised$36 million in seed funding to develop identity security solutions.
1Money Networkemerged from stealth with over $20 million in funding to build a stablecoin payments network.
Nsaveraised$18 million to grow US equities, ETFs and funds products for high-inflation countries.
ReShop, co-founded by an Afterpay founder, raised$17 million to offer instant refunds on returns.
DFNSraised$16 million to advance crypto wallet solutions with clients like Fidelity and Zodia.
Reecoraised$15 million to modernize hotel payment and procurement systems.
Reown (formerly WalletConnect) raised$13 million in Series B funding to enhance its on-chain user experience ecosystem.
Sydecar*raised$11 million for its venture fund administration platform.
Nilussecured$10 million to develop its treasury management fintech platform.
Hyperlineraised$10 million to enhance its automated billing solutions.
Skor Technologiesraised$6.2 million in a pre-Series A funding round to tackle Indonesia's underpenetrated consumer credit market.
Klearly, a Dutch startup focused on in-person payments, raised$6 million in seed funding.
Nevermind, the provider of AI payment infrastructure for AI-to-AI transactions, raised over $4 million.
Open Ledger, which embeds automated accounting software into products that enterprises and small businesses already use, raised $3 million.
Arva AI, a KYB verification startup, secured$3 million in funding.
Validisreceived a strategic investment (amount undisclosed) from Citi and Barclays to transform commercial banking services.
QED's financial advice and wealth management map:
Two years ago, @getTransFi founder @OneRajkamal told me he was going to build the single global payment system for crypto.
Today, TransFi supports 250 payment methods in local currencies, in 70+ countries on 6 continents, giving it unparalleled stablecoin payments coverage. pic.twitter.com/84HlasA6n0— Nik (@NikMilanovic) January 12, 2025
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