- ZayZoon:
- Raised $15 million in an extension of its Series B round, led by Viola Fintech with participation from Intuit Ventures, Framework Venture Partners, and Export Development Canada.
- Plans to use the funding for continued growth, innovation, and collaboration opportunities.
- Co-founder and CEO Darcy Tuer aims to “save 10 million people 10 billion dollars” with the collaboration with Intuit and Viola.
- Scaleup Finance:
- Completed an $8 million pre-Series A round led by Inveready, with participation from Crowberry Capital, Seed X, PROfounders, Fin Capital, and CircleRock Capital.
- Offers a financial management platform automating financial planning and reporting processes.
- Intends to use the funds to drive growth in the UK and prepare for expansion into the US.
- Koin:
- Raised $7.3 million through its first FIDC, a type of investment fund in Brazil, used to invest in receivables or credit rights.
- Acquired by the Decolar Group in 2020, Koin functions as a BNPL digital wallet, serving over 1000 enterprises across Latin America.
- Plans to use the funding to finance customer credit operations and double the number of transactions with PIX instalments.
- FacePhi:
- Secured a €5 million investment from Korean software company Hancom Group.
- Specializes in digital identity verification and has entered into an exclusive collaboration agreement with Hancom for APAC countries.
- Pending regulatory approvals, the agreement will make Hancom FacePhi’s second-largest shareholder.
- nsave:
- Bagged $4 million in its first round of seed funding, co-led by Sequoia Capital and TQ Ventures.
- A Swiss fintech, nsave aims to offer safe and secure accounts and payments, with a focus on individuals from distressed economies.
- Plans to enhance infrastructure, scale up engineering and operations, and extend its beta pilot.
- Belong:
- Secured £2.95 million in pre-seed funding, the largest ever raised by female founders in Europe.
- Spearheaded by Octopus Ventures with participation from angel investors.
- Belong aims to foster a younger generation of investors and provides an optional loan to amplify long-term equity investments.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
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