Weekly funding round-up featuring notable fintech funding announcements.
Facts
- Communion, a new savings app founded by Daniel Hegarty, raised £2.5 million in pre-seed funding.
- Investors included Target Global, Uncommon Creative Studio, Max Rofagha, Greg Marsh, and Erin Lantz.
- Communion offers a 3.66% AER savings account and financial education tools.
- Plans to expand the team and develop the mobile app and infrastructure.
- Georgian fintech start-up CityPay secured over €2 million in a seed funding round.
- Investors included Tether, Presto Ventures, and others.
- CityPay facilitates cryptocurrency payments through various channels.
- Aims to expand into new markets and launch a B2C platform.
- Canadian fintech Finofo raised $1.25 million in pre-seed funding.
- Led by Motivate Venture Capital with participation from other firms.
- Finofo offers multi-currency account management and financial tools.
- Plans to enhance platform functionality and offer financial data analysis.
- Indian fintech Vegapay secured $1.1 million in pre-seed funding led by Eximius Ventures.
- Other investors included DSP HMK, Capri Global, and angel investors.
- Vegapay provides digital lending and card management for regulated firms.
- Aims to further develop its technology.
