Abhi Secures $15 Million
- Location: UAE
- Funding: $15 million in credit financing
- Led by: Shorooq Partners and Amplify Growth Partnership
- Founded: 2021 in Pakistan
- Services: Earned wage access (EWA), SME financing, payroll financing and processing.
- Purpose: Funds will be used to scale operations and broaden EWA solutions for both blue and white-collar workers in the UAE.
- Transaction Stats: Facilitated $55 million in EWA through 545,000 transactions to date.
2. Emerge Raises $12 Million in Series A
- Location: New Zealand
- Funding: $12 million Series A
- Led by: Altered Capital, with support from Icehouse Ventures, NZVC, K1W1 LIMITED, NZ Fintech Fund, Hard Yaka Ventures, and angel investors.
- Goal: Aims to become New Zealand’s first challenger bank.
- Services: Digital banking services including physical/virtual cards, in-app receipt capture, and spend limits; merchant and subscription controls coming soon.
3. Diesta Secures $3.8 Million Seed Funding
- Location: London
- Funding: $3.8 million in seed funding
- Led by: FinTech Collective, with participation from Commerce Ventures, SixThirty, and Restive Ventures.
- Founded: 2022
- Services: B2B SaaS payment operations platform for the insurance industry.
- Purpose: Funds will be used for expansion in the UK, Europe, and the US, along with enhancing the platform with AI-driven integrations and fintech partnerships.
4. Axyon AI Raises €2.1 Million
- Location: Italy
- Funding: €2.1 million additional funding
- Total Raised: €6 million in this funding round, initiated in December 2023.
- Backers: Green Sands Equity, Investment Opportunity 1, and angel investors.
- Founded: 2018
- Services: AI solutions for asset managers, including asset identification, AI-powered asset rankings, and optimized equity/ETF indices.
- Purpose: Funds will support commercial expansion and technological initiatives.
