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ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI

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.

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