Tuesday, March 5, 2024

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ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera

  • New York-based fintech Kafene secures a $15 million growth capital commitment from Trinity Capital for its AI-powered lending platform.
  • Kafene’s technology claims to underwrite and approve payments in under five minutes, generating over $150 million in sales for retailer partners.
  • Trinity Capital’s investment follows Kafene’s $31 million Series B funding round led by Third Prime.
  • General Index (GX), a UK-based fintech, completes a £9.48 million Series A funding round to develop technology and expand its energy transition prices, including biofuels, sustainable aviation fuel, hydrogen, carbon, green ammonia, and green methanol.
  • General Index aggregates trade data to provide a comprehensive view of market activity and plans to accelerate expansion in energy markets.
  • Mesh, a US fintech, raises $6.5 million in investment from PayPal Ventures, with $5 million invested using PayPal’s stablecoin, PayPal USD.
  • Mesh offers a financial connection layer for enterprise clients, enabling digital asset transfers, crypto payments, account aggregation, and trading.
  • The funding will support Mesh’s vision of becoming the connection layer for a broad range of crypto platforms and financial service providers.
  • Giesecke+Devrient (G+D), a German security technology firm, acquires additional shares in software company Netcetera, now owning 95% of Netcetera shares.
  • Zurich-based Netcetera provides digital products for financial service platforms, serving over 2,500 banks and issuers and 160,000 merchants.
  • G+D’s increased financial interest in Netcetera aligns with its growth strategy and digital transformation, expanding its digital banking and payments portfolio.

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