- Navro (formerly Paytrix) secures $14 million in an internal funding round led by Bain Capital and Unusual Ventures. The London-based digital payments firm claims to have developed the “world’s first payments curation platform,” allowing businesses to access global payment and banking infrastructure via a single API. Navro also obtains an EU EMI license from the Central Bank of Ireland.
- Miami-based Finally, an AI-powered accounting and finance solution provider, raises $10 million in funding led by PeakSpan Capital. The company plans to use the funds to continue hiring and expand its suite of solutions for small and medium-sized businesses (SMBs), including bill payment, payroll, bookkeeping, and expense management.
- Indian supply chain finance platform Cashinvoice raises $3.4 million in a Series A funding round led by HDFC Bank, Pravega Ventures, and Accion Venture Lab. Cashinvoice plans to use the strategic investment to extend financial inclusion and expand the deployment of its supply chain finance technology.
- SUMA Wealth, a US fintech focused on advancing the wealth of young Latinos, secures $2.2 million in a funding round led by Radicale Impact Partners. The funding will be used to further develop SUMA Wealth’s financial wellness app and tools.
- London-based fintechs KoinKoin and SR Finanzman raise $2 million in a private funding round to support the growth and expansion of their corporate over-the-counter (OTC) foreign exchange and digital assets business.
- Singapore-based Validus receives an undisclosed amount of funding from Japanese IT company Reazon Holdings. The funding will support the growth of Validus Vietnam, the Vietnamese arm of the Validus Group, which provides financing services to small and medium-sized enterprises (SMEs) in the region.
