Hello Fintech Friends,
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This week's funding news was dominated by two big stablecoin fundraises: Rain, which raised a $58 million Series B led by Sapphire, and M0, which raised $40 million led by Ribbit and Polychain.
Though both build on stablecoins, the focus of the two companies themselves are different but complementary: Rain offers a single API to enable partners to embed existing stablecoins into their products (with features like money-in, storage, spending, and money-out), where M0 focuses on decentralized stablecoin issuance by building a federated issuer model for qualified entities to hold and mint stablecoins.
I was also excited for embedded investing provider Atomic* (disclosure: investor from The Fintech Fund), who announced their $30 million fundraise, alongside $20 billion in annual trading volume and 52x growth.
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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Stat of the Week
The TRON blockchain has facilitated over $15 trillion in stablecoin transfer volumes and processed 10 billion+ transactions, with over 70% of them peer-to-peer:
Meanwhile, UK banks have closed more than 1 in 3 branches over the past 5 years.
Venture Financing
Holosecured$22 million to expand its digital mortgage platform that modernized home-buying and refinancing across the GCC.
Rainraised$58 million in Series B financing to establish itself as the enterprise-grade stablecoin platform of record.
m0secured$40 million in Series B funding to advance its development of stablecoin infrastructure.
Atomic* raised $30 million to build out its embedded investing and wealth management platform for banks and financial institutions.
aPrioriraised$20 million to bring high-frequency trading tools—such as liquid-staking and an AI-powered DEX aggregator—on-chain.
Atlas ConsolidatedclosedUS$18.1 million in Series B funding to scale its HugoHub banking-as-a-service solution helping traditional banks modernize with core-to-customer platforms.
Pintarnyaraised$16.7 million in Series A to expand its AI-powered platform connecting blue-collar workers to jobs and secured loans via alternative data and collateral in Indonesia.
Digittraised$10 million in Series A funding to scale its Mexican fintech that delivers transparent, lower-interest (20-42%) personal finance tools to reduce consumer debt.
Irysraised$10 million in Series A to develop the first programmable Datachain aimed at unlocking a projected $3 trillion data economy.
Centralraised$8.6 million in seed funding to advance its AI agent that automates payroll and HR tasks via conversational interfaces.
Welcome Techraised$7.5 million to accelerate its AI-infrastructure and expand its digital platform that supports immigrant workforces with services like healthcare, jobs, education, and financial tools.
Sequifiraised$6.7 million in seed funding to enhance its real-time pay and forecasting engine that delivers same-day payments and transparent earnings to home-services companies.
Munifyraised$3 million in seed funding from Y Combinator and others to launch a neobank offering faster, lower-cost cross-border banking services for the Egyptian diaspora.
Tazapaysecured Series B investments from Ripple and Circle (amount undisclosed) to accelerate its global payments infrastructure offering cross-border collection/payout and stablecoin bridges for enterprises.
Tazapay (alternate release) landed strategic investments from Ripple and Circle, signaling a new era in cross-border payments via its global infrastructure.
Creemraised$1.8 million in pre-seed funding to develop its SaaS offering (specifics not detailed in your link).
IDRX raised a $300,000 pre-seed round for building the most adopted Rupiah stablecoin in Indonesia.
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