Payment Solutions Provider PeLocal Secures $2m Seed Funding
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
?? NEWS HIGHLIGHT
Klarna confidentially filed for an IPO with the US Securities and Exchange Commission. While the company provided no financial details, analysts last month put Klarna’s implied valuation at about $????.?? ??????????????.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
?? Payment solutions provider PeLocal secures $2m seed funding .
?? Bolttech to Fuel Growth with US$50 Million Venture Debt Facility From HSBC.
?? EdfaPay Raises USD 5M to Power Fintech Expansion Across MENA .
?? Colombia's Addi lands $100 million credit line to expand buy now, pay later service .
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?? REGIONAL HIGHLIGHTS
UK ????
Kody raises US$20m in Series A financing. This highlights the company's progress and commitment to expanding internationally, attracting talent in the UK, Europe, Hong Kong, and Singapore, while forging strategic partnerships to enhance its product offerings.
Modulr acquires accounts payable automation disruptor Nook. The acquisition deepens Modulr’s focus on developing comprehensive solutions that address the evolving needs of businesses. Following a short period of integration Modulr AP, powered by Nook, will launch in the first quarter of 2025.
Stablecoin startup BVNK seeks funding after major deal by Stripe. The startup is talking with potential backers with the aim of raising at least $50 million , according to people familiar with the matter who asked not to be identified. The size of the raise and BVNK’s valuation are subject to change at this early stage of negotiations, the people added.
EUROPE ????
Amsterdam-based Payaut acquired by Ryan Reynolds-backed FinTech company Nuvei. “Payaut is entering a new phase. We’re now part of the Nuvei family. Thank you, Phil Fayer and the Nuvei team, for your trust. Looking forward to the next phase, where I will stay on as CEO of Payaut , Nuvei Group,” CEO Ernst Van Niekerk has said.
Partech invests over €25M in QPLIX's wealth management platform. The investment will support the company’s growth and expansion into key markets, including France, Switzerland, the UK, the Middle East, and the APAC region.?
Paxos to Acquire Finnish E-Money Institution Membrane Finance. The platform announced it has agreed to acquire Membrane Finance (Membrane) in Finland. The acquisition is subject to regulatory approval. Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU.
USA ????
Zeplyn raises $3M seed funding for AI Assistant to streamline wealth management workflows and improve client experience. The company enables financial advisors to streamline meeting admin from prep to follow-up , automatically updating client records while protecting personally identifiable information.?
Robinhood to acquire TradePMR. This strategic acquisition brings together two mission-aligned companies as Robinhood enters the wealth management space, combining the skills of fiduciary advisors with its cutting-edge technology.??
LATAM
Mexican FinTech Fairplay receives $35 million loan from BBVA Spark. The new financing strengthens Fairplay’s position as a key partner for Mexican SME growth, with a focus on the retail sector, including wholesale, physical and digital channels, e-commerce, and marketplaces.
Rise books $6.3M to be stablecoin-based ADP. Rise plans to broaden beyond contractor payments and into payroll starting next year — going up more directly against the like of ADP or Workday with products like taxes, healthcare benefits included into the platform.
ASIA
Indian rural FinTech firm raises $67.8m series D. The investment round was led by Peak XV Partners. The firm aims to use the funds to expand its credit products across India. Continue reading
South Korean authorities accuse Upbit of breaching KYC rules. A local newspaper reports that the Financial Services Commission found inadequate KYC procedures for 500,000–600,000 Upbit accounts, including blurred IDs and unverified accounts, during a license renewal review.?
Wyden secures USD 16.9 Million in series B funding round. The firm will use the funds to drive strategic growth by expanding into new markets and intensifying its sell-side focus on banks, brokers, and exchanges. It also aims to enter regulated markets where digital assets meet traditional finance standards.