Vertice Bags $50M for its AI-powered SaaS Spend Platform
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
?? NEWS HIGHLIGHT
Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins.
They are teaming up to launch crypto special purpose vehicles (SPVs) and crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday.
?? INFOGRAPHIC
?? M&As
Circle-Hashnote deal looks to ease movement between cash, yield. The Hashnote deal is essentially part of the broader goal of taking the benefits of crypto — constant, globally available market infrastructure — and bringing that over to the TradFi world, lowering costs and boosting efficiency.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
?? NOTABLE FUNDING ROUNDS
?? Rent-to-own startup Divvy Homes selling to Brookfield for about $1 billion.
?? Vertice bags $50M for its AI-powered SaaS spend platform.
领英推荐
?? Employee payments FinTech Aslan roars to life with ￡4m seed funding.
?? Phantom has raised $150 million in a funding round led by Sequoia Capital.
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?? REGIONAL HIGHLIGHTS
UK ????
Klearly snatches €6 million for in-person payments and to support SMBs across Europe. With this fresh injection of capital, Klearly looks to lead a transformation in the €7.9 trillion European point-of-sale market, reshaping how payments are processed and integrated into merchant operations.
EUROPE ????
Climate FinTech Bees & Bears locks in €500 million in financing commitments. This funding will enable nearly 25,000 photovoltaic systems, heat pumps, energy storage systems, and home electric vehicle chargers to be fitted. It follows the company’s successful venture capital funding round last year.
Qomodo raises $13.9M to expand BNPL for Italy’s main-street retailers. Qomodo claims to now serve 2,500 physical merchants. The idea is to let small businesses improve their cash flow and increase revenue with a BNPL solution that lets consumers make flexible, interest-free installments on items purchased in-store.
Tapline secures €20 million. This funding enables Tapline to scale its operations, expand its innovative platform, and support the growth of SaaS companies across Europe. It also secured a bespoke debt facility from WinYield to finance its debt portfolio in non-dilutive capital to SaaS and subscription businesses.
USA ????
eToro files for US IPO and chases $5 bn valuation. The company's Chief Executive and founder said that a US listing would give the company access to a broader range of investors than a presence on the UK market. It could list in New York as soon as the second quarter of this year.
Highnote clinches $90m in Series B. The new funds will be utilized to expand in the embedded finance market by enhancing its acquiring services aiming to accelerate growth and expand its market presence in the US, offering a holistic approach to embedded payments to both small businesses and large enterprises.
LATAM
Olé Life reports $13M series B. The company plans to use the funding to accelerate its growth “across Latin America by setting up local operations in key markets,” and is poised to evolve beyond life insurance and plans “to introduce new products that address the unique needs of Latin American consumers.”
PayMon raises $600K pre-seed round led by Magma Partners. PayMon will use the funds to expand operations in Mexico and Ecuador and add additional payment solutions, including digitizing payments to suppliers and ticket purchases for events, as well as handling payments related to students.
ASIA
MoneyHash banks $5.2M. The pre-Series A comes around a year after its last funding, when it announced a $4.5 million seed round in February 2024. In total, MoneyHash has raised over $12 million since Nader Abdelrazik and Mustafa Eid launched the Egyptian FinTech in early 2021.