Friday, November 22, 2024
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ICYMI fintech funding round-up: Fimple, Money Industries and Koree

  • Fimple Funding Round:
    • UK and Turkey-based fintech Fimple secured an additional $3.5 million in funding.
    • Led by Apy Ventures, with participation from KT Portfolio, Tera Portfolio, and angel investors.
    • This follows a $2 million pre-seed funding, bringing total funding to $5.5 million.
    • Fimple, founded in 2022, provides cloud-native core banking solutions globally.
  • Money Industries Funding:
    • Estonia-based Money Industries secured $1.5 million in a funding round led by Caucasas Ventures.
    • Founded in September 2023, the Tallinn-based fintech focuses on cross-border money transfer and payment infrastructure solutions.
    • Aims to serve markets in Central Asia, Eastern Europe, Turkey, the Middle East, and Africa.
  • Koree Pre-Seed Funding:
    • Cameroonian fintech Koree raised $200,000 in a pre-seed funding round.
    • Investors include Duplo co-founder Tunde Akinnuwa, Cameroon Angels Network, Catalytic Africa, and Digital Africa.
    • Koree, founded in 2022, enables users to create digital loyalty cards for cashback rewards and plans to expand its merchant network.

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