MD FinTech deals weekly: June 24-30
- MD Finance Team
- Jul 1, 2024
- 2 min read
What's going on in the FinTech market? Our team curated the list of the most notable deals from the last week of June.
NORTH AMERICA FINTECH DEALS
Gynger, an AI-driven payments platform, has raised $20m in a Series A round and secured a $100m debt facility. PayPal Ventures spearheaded the funding.
VERITUITY, a verified payout solutions provider, has raised $18.8m in a round led by Forgepoint Capital and Sandbox Industries.
Norm Ai, a RegTech startup, has secured $27m in a Series A funding round led by Coatue.
BlueFlame AI, a generative AI solution for alternative investment managers, has landed $5m in a Series A at a valuation of $50m.
Payabli, an embedded payments platform, raised $20m in a Series A led by QED Investors.
Crossover Markets, a digital asset trading firm, raised $12m in a Series A round led by Illuminate Financial and DRWVenture Capital.
Simply Asset Finance, a FinTech focused on lending to SMEs, secured a £120m loan facility from Bank of America.
Rainforest, a payments provider, has raised $20 million from Matrix.
LATAM FINTECH DEALS
Nubank acquired a data intelligence startup, Hyperplane to strengthen its AI strategy.
Retorna, a FinTech that democratizes remittance transfers among migrants, raised $1.2m from Impacta VC.
EUROPE FINTECH DEALS
MiddleGame Ventures, a VC focused on FinTech, has announced a first close of around €52m for its third fund, targeting €150m.
Supercede, the reinsurance platform, raised $15m in Series A funding led by Alven.
Bling, an app for managing kids' pocket money, raised $12m in Series A led by Owl Ventures.
Zeti, which helps fleet operators source financing to switch to low-carbon vehicles, raised £5m from HYCAP.
Feather, an insurance platform for expats, raised €6m from Keen Venture Partners and Plural.
Banca AideXa, a digital lender, has secured €16m.
Hero, which simplifies financial services for small businesses, has raised €11.3m from Valar Ventures.
Chift, a startup that helps SaaS companies integrate with other financial applications and tools via APIs, has raised €2.3m in a seed round led by Entourage.
Curve, a digital wallet provider, got an undisclosed investment from Samsung Next.
Climate X, which calculates the likely impact of climate risks on physical asset valuations, has raised $18m in a Series A led by Google Ventures.
LoopFX, a peer-to-peer FX trading platform, raised £2.6m from Augmentum.
REST OF THE WORLD
FundPark, a Hong Kong lender, has secured a $250m three-year private loan from HSBC.
Connect Money, an Egyptian FinTech, has secured $8m in seed funding in a round co-led by DisrupTech Ventures, Algebra Ventures, and Lorax Capital.
GXS Bank, a Singapore bank, has received a S$229.5m from Grab.
LXME, an Indian financial platform for women, secured $1.2m from Kalaari Capital.
Stay tuned!