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Writer's pictureMD Finance Team

MD FinTech deals weekly: December 2-December 8

Updated: 13 hours ago

Check out the key deals, funding rounds, milestones, and changes in the global fintech landscape, curated by our team.


NORTH AMERICA


  • Marathon Digital Holdings, a largest publicly traded Bitcoin miner, has successfully closed a second $850M offering of convertible senior notes.

  • Lumin Digital, a cloud-native digital banking provider, raised over $160M in growth equity financing led by Light Street Capital, NewView Capital, and Partners Group.

  • Public, a multi-asset investing company, raised $135M in Series D-2 funding, which included $105M in equity financing and $30M in debt led by Accel.

  • BRM, an AI-powered vendor management and procurement platform, raised $15M in Series A funding led by Caffeinated Capital.\

  • StretchDollar, a health insurance broker, closed a series of seed rounds for a total of $6M of funding, led by Fika Ventures and Oscar Health.

  • CAT Labs, a digital asset recovery and cybersecurity platform, raised a $5.4M seed round led by M13 Company.

  • Sola, an insurtech company, closed its $3.7M seed round led by FINTOP Capital, with participation from Overline, 10vc, Karuna VC.


EUROPE


  • Zopa, the UK savings and lending bank, has raised over €80M led by AP Moller Holding, the Danish conglomerate, with participation from existing investors, including Silverstripe.

  • 9fin, an AI-based financial data platform for the bond market, has raised $50M in a Series B funding round led by Highland Europe.

  • Brighty, a developer of a neodigital banking platform for retail banking, raised a $10M funding round from Futurecraft Ventures.

  • HUB2, a provider of a single API for digital businesses, enabling them to efficiently process national and cross-border payments through mobile money, bank transfers, card payments, and cryptocurrency, secured €8M Series A funding led by TLcom Capital, with participation from several notable institutions, including European DFIs, FMO, Enza Capital, BPI France, and AXIAN.

  • Argo Blockchain, a blockchain technology company focused on cryptocurrency mining with operations in the US and Canada, raised $5.35M through a new share subscription.

  • Briefcase, an AI accounting startup, has raised seed funding of $3M by Earlybird.

  • Holyheld, a crypto payments startup, secured an undisclosed funding with investment from Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, Moonlanding Ventures.

  • ThreatFabric, a fraud detection fintech, raised an undisclosed amount of seed funding led by Rabo Investments.


LATAM


  • Onze, a Brazilian fintech platform for employee benefits management, raised $20M in a funding round led by Ribbit Capital, with participation from Atlantico and Red Ventures.


APAC


  • KPay, Hong Kong app-based POS solutions for businesses, raised $55M series A funding from Apis Partners.

  • WadzPay, a multi-currency digital asset wallet and payments platform for consumers and businesses, has secured a $36.7M capital from GEM Global Yield.

  • ZFunds, a provider of investment management and advisory services, raised $2.95M seed funding from Elevation Capital.

  • The Money Club, an on-demand liquidity platform, has raised $2.5M in their Series A funding round led by Prudent Investment Managers, 1Crowd, Venture Catalysts,

  • LetsVenture, Z21 Ventures and Supermorepheus.

  • RaptorX, a fraud prevention software platform has raised $437K in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital.


MENA


  • LOCKON, a DeFi project for investing, raised $1.55M led by Mitsui Sumitomo Insurance Venture Capital.

  • Dechat, a Web3 communication platform, has raised $1M strategic investment from Mindspace Solutions.

  • Konnect, a Tunisian personalized payment solutions for businesses, has received an undisclosed investment from Renew Capital.


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