Monday, March 4, 2024

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ICYMI fintech funding round-up: Kiwi, ID Finance, Crezco and more

  • 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.

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