Banff, Canada
Hello Fintech Friends,
Monday, Oct 27th: Join This Week in Fintech and Cambr for an exclusive embedded finance event, gathering top leaders and operators from sponsor banks and fintechs. We'll have refreshments, bites, and a curated crowd, shaping the future of financial services. Register HERE.
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
There are now a record 241,700 crypto millionaires worldwide, a 40% Y0Y increase, according to a new report by Henley & Partners.
Venture Financing
Polymarketraised an investment of $2 billion from ICE (Intercontinental Exchange), the $90 billion parent of the NYSE, bringing prediction markets into the financial mainstream.
DualEntryraised$90 million in Series A to modernize ERP systems with AI, automating financial workflows for mid-sized businesses.
Meanwhileraised$82 million to expand its Bitcoin-denominated life insurance products through institutional partners.
Feedzairaised$75 million at a valuation above $2 billion to expand its AI-native platform that helps financial institutions detect and prevent fraud, scams, and money laundering.
Routefusionraised$26.5 million in Series A to expand its global cross-border payments infrastructure, making international payments more reliable and transparent.
Coinflow Labsraised$25 million in Series A to accelerate adoption of its unified global pay-in and payout infrastructure with instant stablecoin settlement.
Aipriseraised$12.5 million to help businesses streamline Know Your Customer (KYC) and Know Your Business (KYB) processes.
Akuaraised$8.5 million in seed funding to build payments infrastructure in Latin America.
Chipraised£6 million (~$7.5 million) at a £208 million valuation to grow its UK digital wealth app.
Agio Ratingsraised$6 million to expand its digital asset risk management tools and broaden the scope of its risk ratings.
Focalraised$5 million in seed funding to accelerate the expansion of its AI-powered productivity platform for financial advisors.
ViljaraisedSEK 40 million (~$4 million) to grow its cloud-based core banking platform beyond the Nordic region.
BVNKreceived a strategic investment from Citi Ventures to scale its global stablecoin infrastructure, which processes over $20 billion annually for regulated enterprises.
JS Groupreceived an undisclosed investment from NatWest to reshape financial support offerings for students in the higher education sector.
Debt Financing
Younitedraised€400 million (~$464.5 million) through a warehouse financing facility with U.S. bank Citi to support its personal loans and credit business across Europe.
Teylorraised€150 million (~$174.3 million) from Fasanara Capital to accelerate its SME financing and factoring operations across Europe.
Venture Funds
Crystal Venture Partnersraised$33 million for its debut fund led by a former insurance executive, focusing on AI-driven startups for insurance.
Liskraised$15 million for its EMpower Fund to back post-incubation Web3 founders in Africa, Latin America, and Southeast Asia.
Sterling Brokers received an undisclosed amount from HGGC to expand its insurance and employee benefits brokerage presence in Canada.
SPONSORED
The Countdown is On: Ripple Swell 2025 is Coming to NYC Nov 4–5
Join Ripple’s CEO Brad Garlinghouse and President Monica Long at Ripple’s flagship event, Swell 2025, bringing together global leaders in blockchain, payments, finance, and policy. This two-day event offers unmatched networking and insights into how blockchain and crypto are transforming finance.
Submit your request to attend and note STABLECON as your Ripple contact.
We hope to see you there!
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