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FinTech Global Roundup: $736M Raised Across 13 Key Deals
Summary
This week in the world of FinTech, a staggering $736 million was raised across all funding rounds, but the big story lies in the depth of just 13 key deals. Topping the list is tech-enabled lender Kiavi, securing a colossal $400 million in a landmark securitization. From real estate to insurance, and co-branded credit cards to AI, these deals are shaping the future of finance and tech. Here’s a breakdown of the week’s most notable funding rounds.
Kiavi Leads the Pack with $400M Securitization
In a show of strength, Kiavi, a tech-driven lender focused on residential real estate investments, announced the closing of a $400 million rated securitization. The deal, upsized and oversubscribed, garnered substantial interest from institutional investors, including several first-time participants. The transaction was divided into four tranches—A1, A2, M1, and M2—all of which sold out, marking yet another win in Kiavi’s ongoing streak of successful securitizations. These funds will be reinvested into newly originated loans, reinforcing the company’s role in real estate financing.
Warburg Pincus Invests $125M in Brazilian Giant Contabilizei
Brazil’s largest accounting firm, Contabilizei, secured a game-changing $125 million from global investor Warburg Pincus, now the firm’s largest shareholder. Known for automating 99% of accounting processes, Contabilizei continues to lead the charge in simplifying tax compliance and company registration, and this fresh capital will fuel further technological advancements.
Imprint Raises $75M in Series C, Hits $600M Valuation
Imprint, an innovator in co-branded credit cards, scored a $75 million Series C, boosting its valuation to $600 million. With a focus on modernizing loyalty programs through AI-driven credit card platforms, Imprint’s new funding will help them scale partnerships with top-tier brands and fine-tune their machine learning-powered risk management solutions.
Yellow Card’s $33M Series C: Africa’s Stablecoin Success Story
Stablecoin platform Yellow Card raised $33 million in its Series C round, spotlighting Africa’s burgeoning FinTech landscape. With operations in 20 countries, Yellow Card has processed over $3 billion in transactions, signaling a strong demand for stablecoin solutions across the continent. The new capital will enhance Yellow Card’s API and product suite, further accelerating financial inclusion in Africa.
Stoïk Secures $27M in Series B for Cyber Insurance Expansion
French InsurTech startup Stoïk closed a $27 million Series B round to expand its cybersecurity insurance services across Europe. Specializing in financial protection for small and medium businesses, Stoïk’s policies cover lost revenue from cyberattacks and other incidents that disrupt operations. This latest funding round will support its expansion into Germany and Austria.
Omnea Lands $20M Series A Led by Accel
Streamlining procurement processes, Omnea secured $20 million in a Series A led by Accel. With its advanced platform designed to improve supplier management efficiency, Omnea is positioning itself as a leader in procurement technology.
INSHUR Raises $19M to Fuel Gig Economy Growth
INSHUR, the embedded insurance provider for the gig economy, raised $19 million in a round led by Viola Growth. The company, known for offering tailored insurance to Uber and Amazon Flex drivers, plans to expand its U.S. footprint and enhance global offerings.
COVU Secures $12.5M for AI-Driven Insurance Solutions
AI-native insurance platform COVU raised $12.5 million in equity and debt funding in its Series A round. Led by Benhamou Global Ventures and ManchesterStory, COVU is leveraging artificial intelligence to streamline insurance processes and provide agencies with cutting-edge tools.
Herald Lands $12M Series A to Disrupt Insurance Infrastructure
Herald, a company transforming digital insurance infrastructure, announced a $12 million Series A round co-led by Lightspeed Venture Partners and Brewer Lane Ventures. Herald’s innovative platform aims to modernize the industry, making insurance management easier and more efficient for businesses.
Acquired.com Secures £4M for Payments Innovation
Acquired.com, a payments platform focusing on recurring commerce, raised £4 million from Beach Point Capital Management. Partnering with notable firms like Zopa Bank and Flutterwave, Acquired.com is streamlining digital payments across its four core pillars: Card Processing, Direct Debit, Pay by Bank, and Real-Time Payments.
Diesta Raises $3.8M to Revolutionize Insurance Payments
InsurTech startup Diesta closed a $3.8 million seed round led by FinTech Collective. The fresh funds will help Diesta innovate the way insurance companies handle B2B premium payments, providing automated solutions that reduce manual tasks and enhance payment data insights.
ClaimSorted Raises $3M to Simplify Claims Processing
ClaimSorted secured $3 million in pre-seed funding to expand its operations across the US, UK, and Europe. The company is focused on simplifying claims processes for insurers, offering a platform that aims to bring efficiency and transparency to the claims industry.
Axyon AI Secures €2.1M to Transform Asset Management
AI-driven company Axyon AI raised €2.1 million, completing a funding round totaling €6 million. Specializing in predictive solutions for asset managers, Axyon AI’s tools offer unparalleled accuracy in navigating complex financial markets, helping managers generate alpha with AI-powered insights.
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FinTech Global Roundup: $736M Raised Across 13 Key Deals
This week in the world of FinTech, a staggering $736 million was raised across all funding rounds, but the big story lies in the depth of just 13 key deals. Topping the list is tech-enabled lender Kiavi, securing a colossal $400 million in a landmark securitization.
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The cryptocurrency space has grown exponentially in recent years, and with that growth comes a wide variety of platforms promising to help tokens get listed on major exchanges. However, according to Manny Sinder, CEO of Football Goal Coin, the reality is often far more troubling. In his experience, many of these listing websites and exchanges engage in deceptive practices such as pump and dump schemes, or they charge exorbitant fees without providing real value.
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