Lemfi Acquires Bureau Buttercrane, Expanding in Europe
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
?? NEWS HIGHLIGHT
The company's platform, which powers cloud-agnostic cost allocation and governance for industry leaders, including SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy, reflects the rapid mainstreaming of FinOps.
As organizations navigate increasingly complex cloud environments—spanning multi-cloud architectures, Kubernetes workloads, data warehouses, and CDNs—driven by usage-based pricing models, traditional cost management approaches are proving inaccurate, time-consuming, and inherently limited by design.
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NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
?? NOTABLE FUNDING ROUNDS
?? This FinTech tackles cross-border payment issues in Francophone Africa.
?? Lemfi acquires Bureau Buttercrane, expanding in Europe.
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?? REGIONAL HIGHLIGHTS
UK ????
Andreessen Horowitz closes UK office, pivots back to US crypto market. The VC firm was pulling back from the UK to focus on the US crypto market in the wake of Donald Trump’s election. The newly inaugurated president signed an executive order designed to “strengthen American leadership” in cryptocurrencies.
FinTech iplicit secures €29.7 million to scale its accounting software platform. This new investment marks iplicit’s first external institutional funding round and will be used to accelerate iplicit’s product development and fuel its growth. Read more
129Knots launches with $10M investment led by Sing Fuels, over $500M deal pipeline, and asset origination to distribution (OTD) technology. The OTD technology will reinvent deep-tier industries by delivering and deploying scalable liquidity solutions through secure chain technologies. This will elevate supply chains into high-value assets that meet investment-grade standards.
USA ????
Affirm gets big financing check from Liberty Mutual. Affirm has lined up $?????? ?????????????? in funding, the asset-management unit of insurer Liberty Mutual, bringing in additional capital to fuel its consumer-lending activities. Liberty’s new commitment to buy Affirm loans runs through June 2027.
Foyer unlocks $6.2M to help people save up to buy homes. Users can create target savings goals and access personalized guidance on the best ways to save for a home, information about mortgage rates, and choosing a real estate firm. The company has a subscription model, offering memberships to users looking for more support.
Method raises $41.5m Series B. The start-up plans to “accelerate its delivery of end-to-end loan refinance automation and expand into use cases unlocked by deeper card network integrations”, according to a statement. Continue reading
Yavrio raises $2.4 million in seed funding. It plans to use the funds for infrastructure and geographical expansion, pointing to increased work in the US. Its platform connects ERP platforms directly to banks, removing the need for manual CSV file uploads, saying this leads to fast and secure transactions.
LATAM
Paytrack raises $40M Series B led by Riverwood Capital. The platform plans to use the funds to accelerate product innovation, integrate new payment solutions, and expand into international markets. It simplifies travel and expense management for businesses by integrating payment solutions, automating workflows, and centralizing expense tracking on a single platform.
ASIA
JUSPAY is set to become the first unicorn of 2025. The company is in the process of raising $?????? ??????????????. It has been instrumental in defining India's digital payment ecosystem. The National Payments Corporation of India (NPCI) called in Juspay's expertise to build its Unified Payments Interface (UPI) app, BHIM.
BitStock raises $400k seed funding. The newly raised funding will be used for marketing, sales, research and development, and operational activities. BitStock specializes in cryptocurrency investment through its proprietary Ten Best Coins (TBC) index.
Egypt’s Fincart secures pres-Seed round led by Plus VC. The funds will help improve Fincart. io’s technology platform, grow its courier network, and support the fast-growing e-commerce market in Africa and the Middle East. Fincart.io is tackling major shipping challenges in a market with huge growth potential.
Mastercard, Banque Misr and Money Fellows collaborate to launch prepaid card. This prepaid card will enable Money Fellows to offer financial planning, savings, and credit access to its users in Egypt. It offers an array of features that include online and in-store purchases, easy deposits and withdrawals at ATMs, spending tracking, and exclusive offers and discounts.
Bank NXT taps Red Hat to power next-gen banking in Egypt. The collaboration focuses on leveraging Red Hat’s hybrid cloud solutions to enhance operational efficiency, deliver superior customer experiences, and strengthen security measures.
AFRICA
Stitch expands to in-person payments with ExiPay. This acquisition enhances Stitch's enterprise payments offering by integrating both online and in-person payments into a single, unified platform. With this Stitch can support multi-lane retail and omnichannel commerce businesses.
KCB and Mastercard unveil Kenya’s first platinum multi- currency card. It offers a cost-effective method for managing international transactions by reducing high transaction fees and enhancing convenience for frequent travelers and global spenders. Continue reading