MD FinTech deals weekly: May 19-25

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

• Monarch, an online platform for expense management for couples, advisors, and employers, raised $75M in a Series B led by Forerunner, with participation of FPV Ventures.

• Keep, a provider of corporate cards and payment solutions for businesses, raised $50M in a Conventional Debt round led by Treville.

• Slash, a provider of financial services for high-spending businesses, raised $41M in a Series B led by Goodwater Capital, with participation of New Enterprise Associates, Menlo Ventures, and Y Combinator.

• Novisto, a cloud-based sustainability management software provider, raised $27M in a Series C led by Inovia Capital, with participation of White Star Capital, SCOR, and Sagard.

• Keep, a provider of corporate cards and payment solutions for businesses, raised $23M in a Series A led by Tribe Capital, with participation of Rebel Fund, Liquid 2 Ventures, Assurant, and Cambrian Fintech.

• OpenFX, a provider of cross-border FX infrastructure and yield-generating solutions, raised $23M in a Series B led by Accel, with participation of NFX, Faction VC, Castle Island Ventures, and Hash3.

• Miter, a provider of management software for construction contractors, raised $23M in a Series B led by Bessemer Venture Partners, with participation of Coatue.

• Affiniti, a provider of industry-specific small business credit cards, raised $15M in a Conventional Debt round.

• Greenlite, an AI-enabled platform offering KYC, AML, and risk management solutions, raised $15M in a Series A led by Greylock, with participation of Thomson Reuters Ventures, Canvas Ventures, and Y Combinator.

• Lendflow, a provider of cloud-based lending solutions, raised $15M in a Conventional Debt round led by Trinity Capital.

• Button Finance, a provider of asset-backed loans, raised $5M in a Series A led by Hildene Capital Management.

• Keep, a provider of corporate cards and payment solutions for businesses, raised $3M in a Venture Debt round led by SVB.

• Mode Mobile, a Web3 platform with reward-based game NFTs, raised $3M in a Seed round led by Mercurius Media Capital.

• Figure, a blockchain-based platform for consumer loans, raised an undisclosed amount in a Conventional Debt round led by Victory Park Capital Advisors.

• instead, a challenge-based fundraising platform, raised an undisclosed amount in a Seed round led by IRIS.

  
  

  EUROPE

  
  

• SumUp, a provider of mPOS solutions and card readers for offline retailers, raised $60M in a Conventional Debt round.

• trawa, an online platform offering energy-saving solutions, raised $27.19M in a Series A led by Headline, with participation of Norrsken VC, Balderton Capital, Speedinvest, and AENU.

• Aufinity, a digital payment management platform for car dealerships, raised $26.05M in a Series C led by BlackFin, with participation of PayPal Ventures and Seaya.

• Kota, a platform offering enrollment in local health insurance and pensions, raised $14.5M in a Series A led by Eurazeo, with participation of EQT, Northzone, Frontline Ventures, 9yards Capital, and Plug and Play Tech Center.

• Penfold, a mobile-based solution to manage pensions, raised $5.2M in a Series A led by Gresham House Ventures.

• Ontik, a provider of a digital trade credit platform for trade merchants, raised $3.7M in a Seed round led by PT1.

• Pie, an accounting and tax management software provider, raised $764.57K in a Seed round.

  
  

  LATAM

  
  

• Roxom, a platform for trading various securities, commodities, and derivatives in a decentralized and blockchain-based market, raised $17.9M in a Series A led by Draper Associates, with participation of Borderless Capital, ego death capital, and Kingsway Capital.

  
  

  APAC

• Airwallex, a cross-border payment processing solution for businesses, raised $150M in a Series F led by Square Peg Ventures, with participation of DST Global, Lone Pine Capital, Blackbird Ventures, Salesforce Ventures, Visa, and AirTree.

• Data Sutram, a provider of prospect contact datasets and location intelligence solutions for enterprises, raised $9M in a Series A led by B Capital, with participation of Lightspeed Venture Partners.

• Ringkas, a provider of a digital platform for home loan applications, raised $5.1M in a Seed round led by Kadan Capital, with participation of Flourish.

• PaySprint, an open banking API solutions provider, raised $1.2M in a Series A round.

  
  
  
  

  MENA

  
  

• ElGameya, a savings management platform, raised an undisclosed amount in a Seed round led by Ayady, with participation of Jedar Capital, Cubit Ventures, and PMaestro.

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.