10.9 C
Monday, April 15, 2024
HomeAIICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more

ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more


  • Marco’s Series A Funding:
    • Raised $12 million in a Series A funding round led by IDC Ventures.
    • Other participants include Arcadia Funds, Barn Invest, IDB Lab, Florida Funders, Kayyak Ventures, Neer Ventures, SquareOne Capital, and Miami Angels.
    • Marco focuses on providing trade finance solutions for SME exporters in Latin America.
    • Aims to address the $350 billion trade financing gap in the region.
    • Plans to strengthen ESG efforts in the LatAm region with the new funding.
  • Zone’s Seed Funding:
    • Secured $8.5 million in a seed funding round led by TLcom Capital and Flourish Ventures.
    • African blockchain startup headquartered in Lagos, Nigeria.
    • Aims to connect monetary stores of values and enable real-time payments across borders.
    • Funding to expand domestic network coverage and conduct a comprehensive pilot program for cross-border capabilities in 2025.
  • Copilot’s Series A Funding:
    • Raised $6 million in a Series A funding round led by VC Adjacent.
    • Offers a personal finance platform focusing on AI-driven analysis of financial activities.
    • Positioned to capitalize on the closure of Mint, seeing increased user adoption.
    • Aimed at fueling AI and product development ambitions.
  • TapFin’s Seed Funding:
    • Secured $4 million in a seed round led by Elevar Equity.
    • Mumbai-based fintech targeting MSME startups focused on sustainability.
    • Funds to enhance data and technological capabilities, drive product development, and support market expansion.
    • Aim to facilitate India’s Net Zero ambitions.
  • Flowpay’s Seed Funding:
    • Raised €2.1 million in a seed funding round.
    • Czech embedded software provider.
    • Backed by DEPO Ventures, Soulmates Ventures, Techstars, and angel investors.
    • Aims to expand outside the Czech Republic, develop technological capabilities, and enhance SME product offerings.
  • SmartSearch’s Investment from Triple Private Equity:
    • UK-based digital compliance and AML software vendor.
    • Secured an undisclosed equity investment from Triple Private Equity.
    • Triple Private Equity to hold a majority stake in the company.
    • SmartSearch aims to leverage Triple’s expertise in scaling B2B risk and compliance software.

Related stories

UK’s antitrust enforcer sounds the alarm over Big Tech’s grip on GenAI

The U.K.’s competition watchdog, Competition and Markets Authority (CMA),...

ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more

Mimo:Raised £15.5 million led by Northzone. Plans...

Pomelo Group names Steve Vickers as new CEO

New CEO Appointment:Pomelo Group, a payment infrastructure...

Former PayPal chief Dan Schulman joins Valor Capital as managing partner

New Appointment:Dan Schulman, former president and CEO...


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories