- PhiCommerce Funding Round:
- Indian payment solutions provider PhiCommerce secures $10 million in a Series A1 funding round.
- Led by Singapore-based VC firm BeeNext with additional participation from Opus Ventures.
- PhiCommerce’s platform, PayPhi, offers omnichannel digital payments for banks and merchants.
- Plans to use funds for international expansion and new product development.
- Yabi’s Seed Funding:
- UAE-based financial education start-up Yabi raises $8 million in a seed funding round.
- Contributors include Shuaa Capital and Al Wafra Al Thaniya (Wafra II).
- Launches a financial wellbeing app in Saudi Arabia, focusing on financial literacy.
- Funds intended for product development and expansion into regional markets.
- Enfuce’s Follow-On Investment:
- Finnish card issuer Enfuce secures €8 million in a follow-on investment round.
- Led by Vitruvian Partners, with participation from Visa and Maki.vc.
- Adds to the company’s total capital raised, positioning it for continued growth.
- Enfuce’s technology facilitates cloud-based payment processing services and digital wallets.
- Peloton Technologies Seed Funding:
- Canadian fintech Peloton Technologies lands $2 million in seed funding.
- Focuses on simplifying workflows for small and medium-sized enterprises (SMEs).
- Funding instrumental for acquisition strategy and planned larger capital raise in 2024.
- Aims to expand client base and sales operations through acquisitions.
- Conduiit’s Pre-Seed Funding:
- US fintech start-up Conduiit raises $1 million in a pre-seed funding round.
- Co-led by Fiat Ventures and Aperture Venture Capital, with participation from Collide Capital and actor Hiro Mizushima.
- Specializes in tools to streamline financial processes for film and TV productions.
- Aims to modernize production finance in the entertainment industry.
ICYMI fintech funding round-up: PhiCommerce, Yabi, Enfuce and more
