MD FinTech deals weekly: August 18-24

At MD Finance, we’re here to keep you informed and inspired by the latest trends shaping the global fintech landscape. Each week, we bring you key insights on major deals and funding rounds, making it easier for you to stay up to date with the industry’s most important developments.

Here are the major updates for the last week:

NORTH AMERICA

• Casca, AI-powered loan origination platform for banks, raised $29M in a Series A round led by Huntington National Bank, with participation of Bankwell, Y Combinator, Peterson Ventures, AFG, Live Oak Bank, Canapi Ventures.

• Basic Capital, financial planning and advisory solution for individuals and businesses, raised $25M in a Series A round led by Forerunner Ventures, with participation of Lux Capital, SV Angel, BoxGroup, HOF Capital, Inspired Capital.

• LM Funding, Bitcoin mining investment platform, raised $10.4M in a Post-IPO round.

• Relcu, AI-based lead management and CRM platform, raised an undisclosed amount in a Seed round led by Menlo Ventures, with participation of Detroit Venture Partners, Clocktower Technology Ventures, MUFG, Commerce Ventures, and Valley Bank.

• PayOnward, payment solutions for community banks and local financial institutions, raised an undisclosed amount in a Seed round led by Black Dragon Capital.

• Open Banking Solutions, cloud-based core banking platform for open banking, raised an undisclosed amount in an Unattributed round led by Black Dragon Capital.

  
  

EUROPE

• Midas, stock trading and investment platform, raised $80M in a Series B round led by QED Investors, with participation of IFC, HSG, QuantumLight, Spice, Spark Capital, Portage, Bek Ventures.

• Legion, online crypto trading platform, raised $5M in a Seed round led by VanEck, with participation of Brevan Howard.

• Archax, online cryptocurrency trading platform, raised an undisclosed amount in a Series A round led by Stellar.

• Nordic Information Control, platform that provides regulatory compliance solutions, raised an undisclosed amount in a Seed round led by Gorilla Capital.

LATAM

• Digitt, debt consolidation and refinancing platform, raised $10M in a Series A led by Yolo Investments, with participation of Capria and IGNIA.

APAC

• Kiwi, UPI credit card payments platform, raised $24M in a Series B round led by Vertex Ventures, with participation of Nexus Venture Partners, Stellaris Venture Partners, Omidyar Network.

• AND Global, AI-based micro-lending platform, raised $21.4M in a Series B round led by IFC, with participation of AEON Financial Service, Marubeni, SBI Group, Premium Group.

Each deal in this roundup reflects more than market movement. It shows how capital is strategically aligning with emerging technologies, scalable models, and untapped geographies.

At MD Finance, we continue to monitor these signals each week to identify where value is being created and where the next opportunity lies.