- Kiwi Raises $13M
- Indian credit card fintech Kiwi secures $13 million in a Series A funding round.
- Led by Omidyar Network India, with participation from Nexus Venture Partners and Stellaris Venture Partners.
- Kiwi, founded in November 2022, offers digital RuPay cards and mobile payment options, aiming to expand its services in India.
- ID Finance’s €12M Financing Deal
- Spanish fintech ID Finance secures a €12 million financing deal with an undisclosed European bank.
- Funds to be used for consumer lending business in Spain, the company’s primary profit driver.
- Marks ID Finance’s first agreement with a listed banking institution.
- Crezco Secures $12M
- UK fintech Crezco, utilizing open banking for B2B payments, raises $12 million in Series A funding.
- Investment from MMC Ventures and 13books Capital, with integration into global business accounting platform Xero.
- Focus on SMEs and payment challenges drives the funding.
- Lendela Raises $5M
- Digital loan brokerage platform Lendela secures $5 million in Series A funding led by Chocolate Ventures.
- Aims to expand across the Asia-Pacific region and enhance product development.
- Connects customers with banks and lenders to simplify the loan process.
- Aptus.AI’s €3M Pre-Series A Funding
- Italian AI regtech start-up Aptus.AI secures €3 million in a pre-Series A funding round led by VC P101.
- Proprietary AI technology transforms compliance activities, working with clients like Intesa Sanpaolo and Generali Investments.
- Focus on making legal documents machine-readable in real-time.
- Smarter Contracts Secures £2.65M
- Pulse operator Smarter Contracts secures £2.65 million in private equity funding.
- Follow-on funding to increase product development and design capacity for the blockchain-based consent protocol.
- Aims to meet growing demands from an expanding customer base.
- WealthOS Secures £2M Institutional Seed Funding
- Cloud-native wealthtech firm WealthOS secures £2 million in institutional seed funding from Barclays Bank and nVentures.
- Plans to raise another £2 million for further platform development and market penetration.
- Offers middle- and back-office technology for the savings, investment, and retirement industries.
- Prosper’s Crowdfunding Round
- UK-based wealth management start-up Prosper launches a crowdfunding round on Crowdcube.
- Targeting £600,000, with 95 investors raising £662,160 at a pre-money valuation of £12.1 million.
- Already secured £550,000 in an additional investment.
