Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Newline.
Ribbit Capital invested in a total 3 fintechs this week, adding up to half a billion (~$530M) in investments: Deel ($300M), Upgrade ($165M), and Campfire ($65M).
Please find another week of fintech financing events below.
Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm
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News coverage written and provided by Rachel Chang.
Stat of the Week
London saw a 9% YoY increase in financial sector job vacancies in Q3, driven by rising AI demand among fintech companies.
Venture Financing
Deel raised $300 million to scale its payroll infrastructure in over 100 countries by 2029, bringing its valuation to $17.3 billion.
Upgrade raised$165 million to expand its consumer finance platform, reaching a $7.3 billion valuation with targets to IPO in 12 to 18 months.
Campfireraised $65 million in Series B to scale its ERP platform using a new proprietary large accounting model.
Liberateraised$50 million in Series B round to scale its agentic AI deployments across insurers and agencies worldwide, at a $300 million valuation.
Nova Credit raised$35 million in Series D funding to accelerate expansion of its cash-flow underwriting platform.
Resistant AIraised $25 million in Series B to expand its AI-driven fraud and financial-crime monitoring offerings.
Cloveraised$14 million in pre-seed funding to advance development of its wealthtech advisory platform and grow its team.
GoodScoreraised$13 million to strengthen its AI-led credit-scoring tools and credit marketplace in India.
Ryder raised $3.2 million in seed funding from tech investor Tim Draper to expand its crypto hardware wallet in the Philippines.
CoinDCX, a Mumbai-based crypto exchange,raised an undisclosed amount from Coinbase at a $2.45 billion post-money valuation.
Debt Financing
Creditstarraised $10 million, bringing its total facility with Kilde to $20 million, to scale its lending portfolio across eight European markets.
Venture Funds
Artha India Venturesraised ₹250 crore (~$30 million) in the first close of its Micro VC Fund II to invest in early-stage fintech and tech startups across India.
SPONSORED
Are you ready to grow your fintech with scalable, API-enabled payments? Backed by a leading financial institution, Newline™ by Fifth Third empowers enterprise fintechs to effortlessly launch and scale payment, card and deposit products directly with Fifth Third Bank.
Want to sponsor a newsletter? See our sponsorship information here.
