Hello Fintech Friends,
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)
Want to sponsor a newsletter? See our sponsorship information here.
📊 Stat of the Week
“Mobile-wallet data shows a clear digital money priority ladder: people save first, then spend and send, and only later earn. Stablecoins will follow the same path.”
💸 Venture Financing
Blue J, a Canadian AI tax-research platform, announced a $122 million Series D funding to accelerate its legal-tech expansion.
Rillet, a U.S. AI-native ERP software company built by accountants, raised$70 million to replace legacy accounting systems.
Uzum, Uzbekistan’s first unicorn in e-commerce and fintech, jumped to a $1.5 billion valuation on a $65.5 million fundraise.
Capitolis, a capital-optimization fintech for financial institutions, secured strategic investments from Barclays, BNP Paribas, and J.P. Morgan – bringing its round total to $56 million.
Stavtar, a spend-management SaaS for complex enterprises, secured$55 million in growth funding.
Alaan, an AI-powered corporate card and expense-management platform in MENA, raised$48 million in one of the region’s largest Series A rounds.
GeoWealth, a wealth-management technology platform, raised$38 million in Series C funding led by Apollo.
Grasshopper, a digital bank for small businesses, raised$46.6 million to fuel its next phase of growth.
NG.Cash, a Brazilian teen-focused digital bank, secured$26.5 million in Series B funding led by NEA.
Casap, an AI startup tackling payment disputes and fraud, raised$25 million in Series A funding.
Saphyre, a fintech building AI-driven trading workflow software, received$70 million in backing from FTV Capital.
Daloopa, an AI-powered financial data platform, raised$13 million to expand its data-automation capabilities.
Docyt, an AI bookkeeping platform, debuted precision-trained AI agents to accelerate accounting automation and raised a $12 million pre-Series B.
Olarry, a U.S. AI tax-filing platform, raised$10 million in seed funding.
DPDzero, a debt-collection fintech, raised$7 million to scale its collections technology.
Monavate, a payments-network startup founded by a Revolut alumnus, extended its seed round to $6.3 million to expand globally.
Lava, a billing platform for the “agent-native” economy, raised$5.8 million to build digital wallets.
Handwave, a palm-payment authentication startup, raised$4.2 million to roll out in Europe and the U.S.
Tracelight, an AI financial-modelling tool developer, raised$3.6 million in seed funding and launched its product.
💵 Debt Financing
Sunbit, a fintech that provides point-of-sale “buy-now, pay-over-time” solutions for sectors like auto repair, dental, healthcare, and veterinary services, completed an inaugural asset-backed securitization of $200 million, achieving a AA rating on its senior tranche and pricing at a 5.713% fixed yield.
