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Hello Fintech Friends,
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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
Fedwire Funds Service, the U.S. Federal Reserve's real-time gross settlement system, settles over $4.7 trillion in wire transfers daily, and migrated to the ISO 20022 messaging format this year — the same standard used by SWIFT. The move enables faster, more machine-readable, and more automated transactions, improving efficiency across payments.
Venture Financing
Plata raised $500 million to launch a digital bank, marking the largest private funding ever raised by a Mexican fintech.
RedotPay raised$107 million in Series B to expand its stablecoin-based payments infrastructure.
Octaneraised$100 million in Series F to grow digital financing for recreational purchases like powersports (motorcycles, ATVs), RVs, and outdoor equipment.
Informed.IQ raised$63 million in growth equity to advance its AI-powered loan verification and fraud prevention platform.
CapRelease raised$36 million to drive international and domestic expansion of its embedded working capital funding platform.
Threadraised$30.5 million to grow its embedded banking platform and expand deposit, lending, and partner integrations.
IMTCraised$12 million in Series A funding to boost development of its portfolio and order management software for fixed-income desk.
Skydoraised$10 million in Series A to expand its international payments platform and fix hidden fees, slow settlements and compliance challenges in India.
AIR raised$6.1 million in seed to modernize private credit ratings with its AI-powered credit intelligence platform.
Tuhk raised $6 million in seed to grow its real-time data collaboration platform, improving fraud prevention and payments efficiency, as it preps for a market debut.
Bon Creditraised$3.5 million in seed to support rollout of a mobile app focused on Gen Z credit and debt management.
Vizmark raised$430,000 in a pre-seed round to automate portfolio operations for emerging and mid-sized private market investors.
United Fintech secureda strategic investment from Barclays to grow its fintech infrastructure and ecosystem for financial institutions, asset managers and wealth managers.
Transparency Analyticscompleted its second funding round to accelerate its private credit benchmarking and analytics platform.
Sporta raised £122,923 (~$164K) from community investors to become the leading bank that powers sport, leisure and wellbeing.
Mesa raised
Debt Financing
i80 Group secured a $300 million credit facility with Brim Financial to offer funding-as-a-service for enterprises, fintechs, credit unions and banks, modernizing their payments products.
PayJoy secured a $140 million corporate debt facility with Neuberger Berman to enable customers in emerging markets to purchase smartphones on installment plans.
Venture Funds
Viola Venturesraised$250 million for two new venture funds to invest in early and growth-stage Israeli startups across AI, fintech, cyber, quantum and defense sectors.
Ventures Platform raised its second fund with $64 million to back early-stage fintech, AI, health tech, agtech, and edtech startups in Africa.
Accion Ventures closed a $61.6 million fund dedicated to early stage fintech companies meeting the needs of financially underserved people in Africa and globally.
Step Venture raised a €30 million (~$35.1 million) fund targeting seed-stage Italian companies, including fintech, healthtech, and B2B software.
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