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HomeBankingICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more

ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more

Date:

  1. ZayZoon:
    • Raised $15 million in an extension of its Series B round, led by Viola Fintech with participation from Intuit Ventures, Framework Venture Partners, and Export Development Canada.
    • Plans to use the funding for continued growth, innovation, and collaboration opportunities.
    • Co-founder and CEO Darcy Tuer aims to “save 10 million people 10 billion dollars” with the collaboration with Intuit and Viola.
  2. Scaleup Finance:
    • Completed an $8 million pre-Series A round led by Inveready, with participation from Crowberry Capital, Seed X, PROfounders, Fin Capital, and CircleRock Capital.
    • Offers a financial management platform automating financial planning and reporting processes.
    • Intends to use the funds to drive growth in the UK and prepare for expansion into the US.
  3. Koin:
    • Raised $7.3 million through its first FIDC, a type of investment fund in Brazil, used to invest in receivables or credit rights.
    • Acquired by the Decolar Group in 2020, Koin functions as a BNPL digital wallet, serving over 1000 enterprises across Latin America.
    • Plans to use the funding to finance customer credit operations and double the number of transactions with PIX instalments.
  4. FacePhi:
    • Secured a €5 million investment from Korean software company Hancom Group.
    • Specializes in digital identity verification and has entered into an exclusive collaboration agreement with Hancom for APAC countries.
    • Pending regulatory approvals, the agreement will make Hancom FacePhi’s second-largest shareholder.
  5. nsave:
    • Bagged $4 million in its first round of seed funding, co-led by Sequoia Capital and TQ Ventures.
    • A Swiss fintech, nsave aims to offer safe and secure accounts and payments, with a focus on individuals from distressed economies.
    • Plans to enhance infrastructure, scale up engineering and operations, and extend its beta pilot.
  6. Belong:
    • Secured £2.95 million in pre-seed funding, the largest ever raised by female founders in Europe.
    • Spearheaded by Octopus Ventures with participation from angel investors.
    • Belong aims to foster a younger generation of investors and provides an optional loan to amplify long-term equity investments.

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