This week’s deal highlights include:
Ontik, a vertical fintech solution for offline businesses, automating trade credit for B2B wholesalers, has raised a $3.7 million Seed round led by @FirstMinute Capital. The company is starting with the UK building materials sector – a £100 billion market – where tight margins, high transaction volumes, and fragmented operations create ripe conditions for automation- “doing for trade credit what Stripe did for online payments”.
OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the company’s unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in early 2024.
Circle co-founder Sean Neville’s new venture Catena Labs emerges from stealth with $18m. The company says it plans to build “the first fully regulated AI-native financial institution (FI) designed to serve the unique needs of the emerging AI economy”…Founded on open W3C Web Standards, ACK enables AI agents to operate their own dedicated accounts and wallets, engage with paid services via standardised paywalls, create and manage their identities, and more…To fuel platform development and support a recruitment drive, Catena has secured an $18 million seed financing round led by a16z crypto, with additional support from Breyer Capital, Circle Ventures, CoinFund, Coinbase Ventures, Pillar VC, Stanford Engineering VF, and a group of angels.
The German fintech Aufinity Group today announces the successful completion of a Series C funding of $26m. The round is led by BlackFin Capital Partners, a leading European private equity firm focused exclusively on financial services buyouts and fintechs. Existing investors PayPal Ventures and Seaya Ventures are re-investing after leading the company’s Series B financing last year. The fintech is the market leader for payment management in the automotive sector. It offers car dealers and OEMs a digital, white-label-capable appearance and optimized payment management across the entire automotive market – from vehicle sales to after-sales.
FUNDING ROUNDS
Dutch fintech GoDutch raises pre-seed funding round of €1.2m
Dutch fintech GoDutch, founded by serial entrepreneur Thomas Vles, has raised a pre-seed funding round of €1.2 million. Reputable founders of Dutch neobanks such as René Frijters and Mike de Boer (Knab) and Bart Wesselink (former COO and CFO of bunq) provided half of the investment. A group of early GoDutch users raised the other half of the money.
GoDutch provides an advanced account for business users, with a particular emphasis on small and medium-sized enterprises (SMEs) that operate as a private limited company (BV). GoDutch is also accessible to self-employed individuals, foundations, and other business entities that encounter challenges in obtaining a business account. After a quick online application, their local IBAN becomes active within merely three hours.
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Mike de Boer (founder Knab) of Quantum Leap Capital, which led the investment round, joins GoDutch’s Supervisory Board as chairman, alongside Krik Gunning (founder and CEO Fourthline) and Daniel Gebler (CTO Picnic).
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https://www.finextra.com/pressarticle/105619/dutch-fintech-godutch-raises-pre-seed-funding-round-of-12m
British fintech Ontik raises $3.7M for B2B trade credit automation
The raise highlights growing investor appetite for vertical fintech solutions that bring modern infrastructure to the offline economy.
Ontik, a London-based fintech focused on automating trade credit for B2B wholesalers, has raised a $3.7 million Seed round.
The round was led by Firstminute Capital and supported by PT1, Illusian, FJ Labs, Seed X, Tiny VC, and angels including the founders of Slack and Affirm.
Ontik is targeting sectors where back-office processes still rely heavily on manual tasks. The company is starting with the UK building materials sector – a £100 billion market – where tight margins, high transaction volumes, and fragmented operations create ripe conditions for automation.
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Ontik’s software automates the order-to-cash cycle, including issuing credit terms, following up on payments, resolving disputes, and syncing with enterprise resource planning (ERP) systems. The company says its AI-powered platform can reduce the time spent chasing payments by over 60 percent, accelerate cash collection by more than 30 percent and reduce card fees by 25 percent while also decreasing disputes.
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“Ontik is doing for trade credit what Stripe did for online payments,” said Sam Endacott from Firstminute Capital. “They’re giving real-world businesses the tools to operate with the speed and efficiency of modern tech companies – and the impact is already clear.”
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https://tech.eu/2025/05/20/british-fintech-ontik-raises-3-7m-for-b2b-trade-credit-automation/
Pay-i lands $4.9M to answer the question every enterprise is asking: Does this GenAI investment have actual ROI?
Led by Fuse Partners and Tola Capital, the seed round backs a new class of ROI-intelligence platform designed to track and forecast GenAI returns in real time, even before they go into production
Seattle, May 21, 2025 (GLOBE NEWSWIRE) — Enterprise spending on GenAI is surging, but clear proof of ROI remains elusive. Most companies can’t answer the simplest question boards are now asking: is this actually working? Pay-i, a new value-intelligence platform for GenAI, is coming out of stealth today with $4.9 million in seed funding to solve that. The round was co-led by Fuse Partners and Tola Capital, with participation from Firestreak, Pear VC, Gaia Capital, and angel investors from Fortune 100 companies.
Today, most teams still measure success of their AI initiatives in token counts or latency – metrics that don’t capture business value or justify costs. Pay-i gives product, finance, and engineering leaders a real-time dashboard that links every model call, prompt, and token to measurable business outcomes for specific use cases, like revenue growth, task completion time, or CSAT uplift. Users can assign explicit dollar or time values to KPIs, compare multiple versions of a use case, and instantly see which model, agent, or prompt delivers the strongest return. A built-in forecasting engine then projects those returns forward – so companies can prioritize what works, sunset what doesn’t, and scale GenAI with confidence before it even goes into production.
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https://www.globenewswire.com/news-release/2025/05/21/3085744/0/en/Pay-i-lands-4-9M-to-answer-the-question-every-enterprise-is-asking-Does-this-GenAI-investment-have-actual-ROI.html
Button Finance Secures $5 Million Series A to Expand AI-Driven Home Equity Lending Platform Amid Booming Market
NEW YORK–(BUSINESS WIRE)–Button Finance, Inc., a fintech company revolutionizing home equity lending, closed a strategic $5 million Series A funding round led by Hildene Capital Management, a structured credit-focused asset manager with approximately $17 billion in assets, with participation from existing investors. The investment comes as Button Finance’s innovative AI-powered platform delivers unprecedented access to home equity in a market that has reached historic proportions.
Founded in 2019, Button Finance enables homeowners to access their home equity through a streamless digital experience – delivering quick decisions and funding in as few as five days. The company’s proprietary AI underwriting engine has unlocked access for qualified borrowers historically overlooked by traditional financial institutions. The funding will support the expansion of Button Finance’s product offerings and further development of its technology platform.
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The timing couldn’t be better. U.S. homeowners now control a staggering $35 trillion in home equity as of early 2025, according to Federal Reserve Bank of St. Louis data. This robust wealth reservoir has triggered surging demand for home equity solutions as consumers strategically tap their properties for renovations, debt consolidation, and liquidity in today’s elevated interest environment.
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https://www.businesswire.com/news/home/20250519918863/en/Button-Finance-Secures-%245-Million-Series-A-to-Expand-AI-Driven-Home-Equity-Lending-Platform-Amid-Booming-Market
Citi joins Series A for AI-powered B2B embedded finance platform CrediLinq
AI-powered B2B embedded finance platform CrediLinq has closed a $8.5 million Series A funding round led by OM/VC and MS&AD Ventures.
Citi North America, Rustem Family office, 500 Global, Epic Angels, 1982 VC and Big Sky Capital joined the round for Singapore-based CrediLinq, which will use the finds for a push into the US, UK and Australia.
The firm also plans to strengthen its leadership bench in sales, marketing, product and tech as well as to invest in its AI-led credit algorithms.
CrediLinq offers a proprietary Credit-as-a-Service stack. Its API-centric approach is designed to enable B2B platforms and banks to build financial products for merchants. It covers verticals across procurement, supply chain, e-commerce, freelancing, banking, accounting, and payments.
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https://www.finextra.com/newsarticle/45999/citi-joins-series-a-for-ai-powered-b2b-embedded-finance-platform-credilinq
Seeds Secures $10M Series A Funding Round To Reimagine Personalized Investment Management
Led by Portage, the investment will drive product innovation, accelerate team expansion, and amplify go-to-market efforts with a strategic rebrand.
NEW YORK–(BUSINESS WIRE)–Seeds (formerly ‘Seeds Investor’)—a fintech company enabling advisors to create a personalized investing experience and streamline portfolio operations—today announced the successful completion of a $10 million Series A funding round led by Portage, with continued participation from investors Social Leverage and Blank Ventures. This investment highlights growing demand for advisors to provide customized investing at scale without compromising the personal touch that makes them unique.
Founded by financial advisors driven to provide client-centric investing experiences, Seeds has raised more than $15 million to date.
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The total RIA market has grown substantially since 2019, with total AUM skyrocketing from $91.7T to $141.5T. At the same time, increased demand for a more personalized investing experience is taxing advisors’ operational processes. As growth and personalization place demands on advisors’ time and resources, identifying opportunities to simultaneously streamline workflows while deepening client connection is becoming a top priority at advisory firms of all sizes.
…Seeds provides advisors with an end-to-end investment management system that enables them to assess and more deeply understand investors’ goals and preferences, generate and implement tailored proposals, and engage clients in meaningful communications…
https://www.businesswire.com/news/home/20250520650823/en/Seeds-Secures-%2410M-Series-A-Funding-Round-To-Reimagine-Personalized-Investment-Management
True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana
True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday.
The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures.
Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said.
Founded by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, True Markets aims to deliver a non-custodial, mobile-first DeFi trading experience for retail users, prioritizing speed, simplicity, and transparency.
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https://www.coindesk.com/business/2025/05/20/true-markets-raises-11m-in-series-a-launches-mobile-first-defi-trading-app-on-solana
Embedded credit platform Lendflow secures $15m growth capital from Trinity Capital
Lendflow, a technology firm based in Austin, Texas, that specialises in embedded credit infrastructure for FinTech firms, vertical SaaS platforms, and lenders, has secured $15m in growth capital.
The investment comes from Trinity Capital, a Nasdaq-listed alternative asset manager known for supporting high-growth companies across tech, life sciences and financial services verticals.
Lendflow provides scalable, low-code solutions that enable platforms to integrate lending capabilities seamlessly into their workflows. Its technology stack includes a proprietary operating system and a decisioning engine powered by aggregated data and contextual lending tools. These features allow customers to handle underwriting, decisioning, and capital deployment efficiently, while maintaining control and flexibility.
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https://fintech.global/2025/05/19/embedded-credit-platform-lendflow-secures-15m-growth-capital-from-trinity-capital/
Egypt’s Thndr raises $15.7 million to expand digital investment offerings
Thndr, the leading retail investment platform in the MENA region, announced during its debut keynote event its second major investment round, raising an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a prominent U.S. university endowment, among other new global investors.
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Since inception, Thndr has been on a mission to democratise investing and improve financial literacy across MENA. The platform provides seamless access to a range of investment instruments, including local and U.S. stocks, gold, mutual funds, and savings products, helping millions take control of their financial futures.
In 2024, Thndr solidified its position as Egypt’s leading retail brokerage on the Egyptian Stock Exchange (EGX), achieving a total traded value of $3.5BN, accounting for 11% of the retail traded value. The platform served as the entry point for 82% of all newly registered investors on the EGX, adding 190.1K new investors to the market. In gold mutual funds, Thndr now accounts for 47% of all assets under management. Notably, female participation on the platform increased from 3% to 12%, and 40% of users now come from outside of major cities—marking a clear success in reaching underserved populations.
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https://www.wamda.com/2025/05/egypt-thndr-raises-15-7-million-expand-digital-investment-offerings
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. Development Partners International’s Nclude Fund led the round.
The company, which operates in Egypt’s fast-growing but underdigitized vehicle market, said the latest round includes both fresh equity and previously unannounced seed financing.
Sylndr also raised nearly $10 million in debt financing from local banks in the past year, bringing its total raised since launch to over $30 million. The company raised a $12.6 million pre-seed round in 2022, the largest of its kind in Africa.
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Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Affiniti’s 20- and 22-year-old founders raise $17M led by SignalFire just 6 months after an $11M seed
Affiniti founders Aaron Bai, 20, and Sahil Phadnis, 22, are building the kind of expense-management software for main street small businesses that tech startups have enjoyed for years.
Their growth has been so impressive that six months after raising an $11 million seed round, they raised a $17 million Series A, led by Signal Fire, they told TechCrunch.
Affiniti offers SMBs like pharmacies, HVAC companies, and auto dealerships customizable expense-management credit cards and software similar to the kind of wares pioneered by Brex and Ramp.
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“V3, in our opinion, is a fintech product that can actually advise the end users and give them analytics,” Bai says. “These traditional small businesses don’t have a finance team.”
The Series A cash will help the startup launch features like banking, bill pay, cash flow analytics, and integrations with more software like enterprise resource planning and point-of-sale apps.
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Other investors in the Series A include Codie Sanchez’s Contrarian Thinking Capital, Yahya Mokhtarzada (founder of TrueBill), and Austin Rief (founder of Morning Brew), the startup says.
Seed investors Indicator Ventures, LightShed Ventures, and RiverPark Ventures also participated. Affiniti had also previously signed a $15 million debt facility, capable of growing to $50 million, with its earlier seed round, it said.
OpenFX Raises $23M in Initial Funding to Revolutionize Cross-Border Payments with Real-Time FX Settlement Capabilities
Institutional-grade financial infrastructure platform reaches $10B in annualized volume within first year, offering 99% faster and 90% cheaper global money movement
NEW YORK–(BUSINESS WIRE)–OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the company’s unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in early 2024.
Founded by serial entrepreneur Prabhakar Reddy, former co-founder & COO of digital asset prime brokerage FalconX (valued at $8B), OpenFX is building a real-time, open, transparent FX network that enables near-instant settlement of cross-border transactions. The company’s platform dramatically reduces payment friction by making FX transfers 99% faster and up to 90% cheaper, while operating 24/7/365 – eliminating the constraints of banking hours, weekends, and holidays.
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https://www.businesswire.com/news/home/20250522683658/en/OpenFX-Raises-%2423M-in-Initial-Funding-to-Revolutionize-Cross-Border-Payments-with-Real-Time-FX-Settlement-Capabilities
Filed Raises $17.2M in Pre-Seed and Seed Funding
Filed, a Stockholm, Sweden-based provider of an AI-powered tax preparation platform, raised $17.2M in Pre-Seed and Seed funding.
The round was led by Northzone, Day One Ventures, J Ventures, Neo, Raine, and Greens Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Leroy Kerry and CTO Atul Ramachadran, Filed provides an AI-powered tax preparation platform built for tax firms with either onshore or offshore operations, integrating into existing workflows without disrupting established processes or software. It automates the complete lifecycle of a tax return–from structuring diverse client documents to validating returns and proactively flagging anomalies based on firm-defined rules.
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Circle co-founder Sean Neville’s new venture Catena Labs emerges from stealth with $18m
The company says it plans to build “the first fully regulated AI-native financial institution (FI) designed to serve the unique needs of the emerging AI economy”.
US fintech start-up Catena Labs has emerged from stealth with plans to establish the “first fully regulated AI-native financial institution” built to address the “unique needs of the emerging AI economy”, according to a company statement.
Headquartered in Boston, Catena Labs is building a solution designed to enable “AI agents, and the businesses and consumers they serve, the ability to transact safely and efficiently”, explains CEO and co-founder Sean Neville.
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Founded on open W3C Web Standards, ACK enables AI agents to operate their own dedicated accounts and wallets, engage with paid services via standardised paywalls, create and manage their identities, and more.
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To fuel platform development and support a recruitment drive, Catena has secured an $18 million seed financing round led by a16z crypto, with additional support from Breyer Capital, Circle Ventures, CoinFund, Coinbase Ventures, Pillar VC, Stanford Engineering VF, and a group of angels.
https://www.fintechfutures.com/fintech-start-ups/catena-labs-emerges-from-stealth-with-18m-seed-funding
FanBasis Raises $20M Series A to Power the Next Generation of Digital Businesses
MIAMI, May 20, 2025 /PRNewswire/ — FanBasis, an end-to-end ecosystem powering digital businesses, today announced a $20 million Series A funding round led by Left Lane Capital, with participation from notable celebrities and internet entrepreneurs Ryan Serhant, The Sidemen (via Upside Ventures), Gerard Piqué, and Connexa Capital.
FanBasis is redefining how creators build, manage, and grow high-margin, expertise-based businesses online. The platform unifies payments, fulfillment, course and community hosting, CRM, customer engagement, and business operations into one seamless tool—replacing the fragmented stack that most internet entrepreneurs rely on today. With FanBasis, creators can monetize and deliver in one place, operating with the sophistication of a full-scale business, not just a content channel.
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FanBasis’ investor lineup reflects its deep roots in internet culture and its ambition to shape the future of online entrepreneurship. Alongside Left Lane Capital, backers include Ryan Serhant, a top real estate entrepreneur and media personality; KSI, Vikkstar, Zerkaa, Miniminter & The Sidemen via Upside Ventures; and Gerard Piqué, an international footballer turned investor and operator.
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https://www.prnewswire.com/news-releases/fanbasis-raises-20m-series-a-to-power-the-next-generation-of-digital-businesses-302457329.html
Wages Earned, Wages Paid: Embedded Fintech Clair Raises Over $23M in Series B to Continue its Mission to Provide Secure, Simple Earned Wage Access
Partnerships with Gusto, TriNet, and Others Give Employees What They Want
NEW YORK–(BUSINESS WIRE)–Clair, the pioneering fintech company offering Earned Wage Access (“EWA”) originated by national bank, Pathward®, N.A., today announced that it has raised $23.2M in its Series B led by their Seed round lead investor Upfront Ventures, with participation from existing investors including Thrive Capital.
78% of people are living paycheck-to-paycheck and 83% want to receive their earnings in real time, but rarely have low-cost, transparent options. After medical insurance, on demand access to pay is the most requested feature by America’s workforce1, making it a must-have employee benefit. Meanwhile, employers’ increasing adoption of high-tech payroll and human capital management platforms has provided a ready market for embedded instant access to earned wages. Many of these platforms are looking for an experienced, compliance-minded fintech solution to bring EWA directly into their apps.
Clair provides an intuitive experience for employees to bridge the cashflow gap between paydays with a seamless integration for employers—meeting the needs of employees, employers, payroll and HCM platforms, and an evolving regulatory environment. Employees can advance their earned wages to solve their liquidity needs, employers attract and retain talent with this highly desired benefit, and Clair is able to offer its partner platforms high confidence that EWA is here to stay through their partnership with a national bank.
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https://www.businesswire.com/news/home/20250521764109/en/Wages-Earned-Wages-Paid-Embedded-Fintech-Clair-Raises-Over-%2423M-in-Series-B-to-Continue-its-Mission-to-Provide-Secure-Simple-Earned-Wage-Access
German fintech Aufinity raises $26m in Series C funding
The German fintech Aufinity Group today announces the successful completion of a Series C funding of $26m.
The round is led by BlackFin Capital Partners, a leading European private equity firm focused exclusively on financial services buyouts and fintechs. Existing investors PayPal Ventures and Seaya Ventures are re-investing after leading the company’s Series B financing last year. The rapid success of its international business and high demand from the market prompted the Aufinity Group to implement this financing round earlier than planned. The fintech will use the capital to further drive its European expansion and strategic partnerships with Original Equipment Manufacturers (OEMs).
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With the platform Aufinity, the fintech is the market leader for payment management in the automotive sector. It offers car dealers and OEMs a digital, white-label-capable appearance and optimized payment management across the entire automotive market – from vehicle sales to after-sales. Optimized payment processes ensure faster incoming payments, higher liquidity, more efficiency and a better customer experience.
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https://www.finextra.com/pressarticle/105672/german-fintech-aufinity-raises-26m-in-series-c-funding
‘Vertical banking’ startup Slash raises $41 million in funding
Slash has raised $41 million in a Series B funding round at a $370 million valuation on Tuesday, led by Goodwater capital. The startup, founded by Victor Cardenas and Kevin Bai, started out to provide banking services for sneaker resellers, but eventually pivoted to create bespoke banking lines for other industries instead.
The founders came up with the idea for Slash while considering many different business ideas. They eventually came across the vibrant community of sneaker resellers and found that many of these resellers were generating substantial revenue but were unable to access key bank products like virtual credit cards, because of their age or unincorporated status. While most startups with similar offerings like Mercury, Brex, and Ramp—take a horizontal approach by selling to companies across different industries, Slash operated with a vertical approach by creating banking services tailored for sneaker resellers, with the idea of expanding to other sectors.
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Backed by Y Combinator, NEA, Stanford University, Menlo Ventures, and the founders of Tinder and Plaid, Slash is the banking platform of choice for over 2,000 of America’s most innovative businesses, according to the company.
‘Vertical banking’ startup Slash raises $41 million in funding
Personal finance app Monarch raises $75 million despite ‘nuclear winter’ for fintech startups
The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.
The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.
Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint, a pioneer in online personal finance that Intuit acquired in 2009. After the service languished for years, Intuit closed it in early 2024.
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The company’s round comes amid a period of muted interest for most U.S. fintechs that cater directly to consumers. Monarch is one of the few firms to raise a sizeable Series B; other recent examples include Felix, a money remittance service for Latino immigrants.
Fintech firms raised $1.9 billion in venture funding in the first quarter, a 38% decline from the fourth quarter that “signals deepening investor caution toward B2C models,” according to a recent PitchBook report. Roughly three-quarters of all the venture capital raised in the quarter went to companies in the enterprise fintech space, PitchBook said.
“The sector is still in nuclear winter” as it faces a hangover from 2021-era startups that “raised way too much money and had zero progress and wrecked it for everybody else,” Chan said. “That’s fine with me, I love nuclear-winter sectors.”
https://www.cnbc.com/2025/05/23/personal-finance-app-monarch-raises-75-million.html
World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally
World Assets raised the $135 million through a strategic token sale to venture capital firms a16z and Bain Capital.
World Assets, a subsidiary of World Foundation (formerly Worldcoin), has raised $135 million through a strategic sale of WLD tokens to venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto, both early supporters of the fast-growing digital identity initiative.
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World’s central premise is that as AI continues to evolve rapidly, establishing proof of personhood will be critical to maintaining trust, governance, and economic participation in digital systems.
The company’s core product, World ID, uses biometric verification via its proprietary Orb devices to issue decentralized identity credentials. These IDs allow users to verify their humanity without revealing personal information, a feature the company says will be crucial in mitigating AI-driven fraud, spam, and identity theft.
To date, more than 12.5 million people have received an Orb-verified World ID, and the total user base of the World network has exceeded 26 million.
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World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally
Airwallex Raises $300 Million at a $6.2 Billion Valuation to Build the Future of Global Banking
Airwallex, a leading global payments and financial platform for modern businesses, has completed a $300 million Series F funding round at a $6.2 billion valuation. The round includes $150 million in secondary share transfers.
The new investment, which brings Airwallex’s total funding to more than $1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime.
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As part of its commitment to building the future of global banking, Airwallex has built a tech-led global financial infrastructure from the ground up, with direct integrations into local clearing systems and card networks, and one of the most comprehensive licensing portfolios in fintech. This proprietary network gives Airwallex’s customers the unique ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks. Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly.
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https://ffnews.com/newsarticle/funding/airwallex-raises-300-million-at-a-6-2-billion-valuation-to-build-the-future-of-global-banking/
VENTURE FUNDS
LPs include Foundation Capital, GBM Ventures, Encore Bank and a dozen family offices from the US and abroad.
Limited partners include Foundation Capital, GBM Ventures, Encore Bank and a dozen family offices from the US and abroad
Founded in 2021
Has backed 44 companies globally
Gilgamesh Ventures, a New York City-based fintech-focused venture capital firm, has closed its second fund at $20 million, bringing its assets under management to $35 million.
Fund II’s limited partners include Foundation Capital, GBM Ventures, Encore Bank and a dozen family offices from the US and abroad.
“Gilgamesh is one of the most connected teams in global fintech, which gives them Tier 1 quality dealflow,” said said Pedro de Garay, CEO of GBM, a new investor in Gilgamesh’s second fund. “And their deep industry expertise enables them to back some of the best founders transforming financial services. We are proud to be partnering with them.”
Gilgamesh is led by founding partners Miguel Armaza and Andrew Endicott. Armaza was previously a banker for Citi and MUFG in their structured finance and infrastructure teams, while Endicott previously co-founded Petal, a financial technology company in the credit card space, and is a former investment banker at Lazard and corporate lawyer at Willkie Farr & Gallagher.
Since its inception in 2021, Gilgamesh has backed 44 companies across 10 plus markets globally.
https://www.venturecapitaljournal.com/fintech-focused-gilgamesh-ventures-nabs-20m-for-fund-ii/