Industry Ventures’ Post

Finix, founded in 2016, lets other businesses accept, disburse, and manage payments. The San Francisco-based startup raised $75 million in a Series C funding round, the company has announced. The round included Acrew Capital and Lightspeed Venture Partners, which have invested in some of the biggest fintechs, like Chime and Coinbase, and Affirm, respectively. #Finix, which has raised $208 million to date, was named one of Business Insider's most promising fintechs of 2024. Its main selling point is helping companies, with little-to-no technical resources, facilitate payments - whether that's a coffee shop accepting a payment from a customer, an artist selling their painting on a digital marketplace like Etsy, or an airline refunding a customer for lost luggage. #Fintech #Payments #FinancialServices https://lnkd.in/dZe_M4Tu

Payment startup Finix raises a $75 million Series C #Finix, a #fintech company dedicated to reimagining payments from the ground up, has raised $75 million in a Series C funding round led by Acrew Capital, with co-leads Lightspeed Venture Partners and Leap Global Partners. This significant investment marks a major milestone for Finix as it joins the elite ranks of cloud-native payment processors alongside companies like Stripe, Adyen, and Braintree. Founded by Richie Serna, Finix has recently become a full-stack acquirer processor, a move that required substantial investment and positioned them in direct competition with well-established industry incumbents. Their innovative approach focuses on providing no-code and low-code #payment solutions, enabling businesses—even those without dedicated engineering teams—to manage and embed payments seamlessly. By offering omnichannel support for both in-person and online transactions, multinational capabilities, and real-time payouts, Finix is delivering a flexible, future-proof payments solution built for growth. This latest funding round not only underscores the effectiveness of their strategy but also highlights the growing demand for modern payment infrastructure. The announce on #Finix website in the first comment.

🚀 Ansa, the trailblazing "Wallet-as-a-Service" startup, cashed in $14 million in funding. Here are my top 3 about this start-up that I think make it compelling - 🏷️ White-Label Solution: Want to impress your customers with a snazzy branded wallet? Look no further! Ansa's solution is the ultimate fashion statement for your business, letting you slap your logo on your very own digital wallet. No more paying x% credit card fees which can add up quickly especially for small businesses 💅👜 🔌 Integration with Existing Systems: Ansa plays nice with existing tech stack, seamlessly slotting into place like the missing puzzle piece you never knew you needed. It comes with pre-built integrations with payment solution providers of the likes of Stripe Square 💖💻 🔒 Security and Compliance: The tech wizards have built fortress of digital fortitude, ensuring your financial data stays under lock and key. It's like having a digital bouncer guarding your wallet 24/7. 🛡️🔐 With Ansa's groundbreaking innovation and #femaleled funding frenzy, the future of finance has never looked brighter. Dig deeper into this epic funding saga on TechCrunch https://lnkd.in/eXYumwd8 #FinanceInnovation #WomenInTech #Ansa #WalletAsAService #TechTales

Happy Friday, fintech aficionados! Despite the rain and chill in the air, we hope your spirits are warm and your enthusiasm for fintech is as bright as ever! As the weekend approaches, it's time to cozy up and catch up on our weekly Fintech in Five!   Embea has completed its seed funding round, raising a total of €4million. The round was led by Atlantic Labs and astoryaVC. Other notable investors include Jamie Hale, founder and CEO of Ladder, Daniel Khachab, founder of Choco, as well as Michael Cassau, founder of Grover.   API-first fintech Monite has secured a $6million top-up round, bringing its total seed funding to $16million. The round was co-led by Valar Ventures LLC and Third Prime, with continued support also from existing investors. The company intends to use the funds to consolidate its position as a European embedded finance leader and to expand its footprint in the US.   Adyen, the financial technology platform, and Billie, the B2B payments innovator, have joined forces to let Adyen’s customers enable B2B BNPL payments services. By partnering up with Billie, Adyen helps merchants and their business customers tackle everyday hurdles in B2B commerce.   Danish startup spektr has raised EUR 5 million in seed funding for its platform to help financial sector firms with their due diligence processes. Northzone, PreSeed Ventures, and Seedcamp participated in the round for spektr as it officially launches.   Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, has raised $2.2 million. gumi Cryptos Capital led the round, with participation from Nomura's digital asset subsidiary Laser Digital, Eureka Capital Partners, LLC, Apollo Crypto, Digital Asset Capital Management, and Gandel Invest. What's been going on in your business this week? Reach out to social@skyparlour.com, we'd love to hear from you. Have a great weekend everyone!

OMERS Ventures’ Laura Lenz explains how startups can stand out when fundraising VCs are paying more attention to company quality and pushing past what Laura Lenz, a partner at OMERS Ventures, called “ego-raising. https://lnkd.in/g_uu4eY7

Paymob, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector. The extension round follows Paymob’s continued profitability in its core market of Egypt having recorded 6x revenue growth since the initial Series B funding in Q2 2022. The Company’s strong financial position, plus its Series B extension proceeds, means it has ample resources to pursue its growth strategy across MENA. https://lnkd.in/edbUQ7DC

The Black Angel Group is proud to announce our investment in Kudos, an AI-powered smart wallet that recommends the best credit card to maximize rewards and cash back when making purchases. Kudos raised a $10.2M Series A round, led by QED Investors, with co-investors including Patron, Samsung Next, SV Angel, Precursor Ventures, the mini fund, Newtype Ventures, and Four Cities Capital. We were particularly excited about Kudos for a few reasons: 🧠 Founder Expertise: Co-founders Tikue Anazodo and Ahmad Ismail have extensive experience in the payments space and a working relationship spanning at Microsoft, Google and Affirm prior to starting the Kudos journey together. With deep technical expertise in Computer Science from top institutions, they offered an easy to understand value proposition - an issuer agnostic streamlined process for maximizing credit card benefits, resonating well with users seeking to maximize their spending. 💡 Product Innovation: Kudos compliments the buy now, pay later experience by providing a smart wallet that works seamlessly everywhere you shop online. Its delightful and rewarding experience focuses solely on the users with embedded security settings at the point of purchase, demonstrating a commitment to customer satisfaction. 📈 Market and Traction: Early issuer and merchant adoption indicated a promising opportunity for monetization growth at scale. Sitting at the intersection of credit card issuers, ad spend and merchant affiliate spend, Kudos is uniquely positioned to capture value for users and market share of customers acquisition budgets. We believe in Kudos' vision to transform the way consumers interact with their credit cards, and we are excited to be a part of their journey. #fintech #artificialintelligence #venturecapital #startups #angelinvesting #finance #tech https://lnkd.in/gqxyFsjt

Paymob, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector. The extension round follows Paymob’s continued profitability in its core market of Egypt having recorded 6x revenue growth since the initial Series B funding in Q2 2022. The Company’s strong financial position, plus its Series B extension proceeds, means it has ample resources to pursue its growth strategy across MENA. https://lnkd.in/edbUQ7DC

Paymob, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector. The extension round follows Paymob’s continued profitability in its core market of Egypt having recorded 6x revenue growth since the initial Series B funding in Q2 2022. The Company’s strong financial position, plus its Series B extension proceeds, means it has ample resources to pursue its growth strategy across MENA. https://lnkd.in/edbUQ7DC

This past week, digital lender Ume raised $15 mn in a round led by PayPal, marking the US payments giant's second investment in a Brazilian startup. Gringo, the driver’s superapp, returned to the market with a $12.5 million extension to its Series C, originally raised in September last year, bringing Moore Capital Management into the cap table. Globally, Cribl made the private placement headlines by raising $319 million in a Series E led by GV (Google Ventures). AI funding was also represented with coding assistant platform Codeium, which secured $150 million in a Series C led by General Catalyst, with support from Greenoaks and Kleiner Perkins. In the M&A space, Check Point Software acquired Israeli external risk management leader Cyberint for $200 million, while Shift4 bought Canadian omnichannel loyalty platform Givex for $148 million. Other notable deals of the week include: - NavInfo's AutoAI $94 million corporate round led by DiDi at a $573 million valuation - Rentvine's $74 mn private equity investment from Mainsail Partners - Attio's $33 mn raising led by Redpoint, Balderton Capital, and others - OpusClip's $30 mn round led by Millenium New Horizons with participation from Samsung Next, among other investors - Supio's $25 mn Series A led by Sapphire Ventures - Shift’s $24 mn Series D led by Peak XV Partners Stay tuned for our monthly Software, Fintech and Internet reports to be released this week and feel free to reach out in case you want to learn more about the tech landscape in LatAm or discuss any strategic or financial advisory needs. #LatAmTech #TechTransactions #Tech #Technology #InvestmentBanking #MergersAndAcquisitions #CapitalRaising #FundingRounds