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  • Writer's pictureKristina Zakharchenko

MD FinTech deals weekly: May 27- June 2

Updated: Jun 19

FinTech is the fastest-evolving space. To keep up with the ever-changing landscape, tech innovations, and evolving market conditions, you need a handy roundup of recent events. Good news! Our team made it for you.

Check the list of notable insights for the 23rd week of 2024.


NORTH AMERICA FINTECH DEALS

  • Frich Money, a financial wellness app, has secured $2.8m in a seed funding round led by Restive Ventures.


EUROPE FINTECH DEALS

  • Doconomy, an impact FinTech, raised $37m in Series B funding, led by UBS Next and CommerzVentures.

  • Klarna, BNPL, returned to profitability with an operating income of €21.6m for the first quarter of 2024. 

  • FintechOS, a product management platform for financial services providers, has raised a $60m Series B extension. Molten Ventures, Cipio Partners, and BlackRock led the deal.

  • Cloover, a climate and FinTech startup, raised $114m in a seed funding round led by Lowercarbon Capital.

  • Swiipr, an airline payments platform for flight delay, compensation, and operational payments, raised $7.6m in a Series A funding round led by Octopus Ventures.

  • ZTLment, a decentralized money transfer startup, raised €2.4m in pre-seed funding from investors, including PreSeed Ventures, Upfin, and Giant Ventures.

  • Landytech, an investment management platform, has secured a $5m corporate debt facility from CIBC Innovation Banking.


AFRICA FINTECH DEALS

  • Mastercard and the African Development Bank Group launched the Mobilizing Access to the Digital Economy Alliance Africa, which aims to provide digital access to critical services to 100 million African individuals and businesses.


APAC FINTECH DEALS

  • Marketnode, a digital financial market infrastructure firm, has closed a Series A round led by HSBC.

  • BharatX, a Y-Combinator-backed BNPL fintech startup, has acquired Zenifi, a healthcare finance startup that offers zero-cost and low-cost EMIs.


Stay tuned!

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