Sunday, December 22, 2024

ICYMI fintech funding round-up: January, Spade, Keyless and more

  • January Technologies (US Fintech):
    • Raised $12 million in a Series B fundraise.
    • Led by IA Ventures, with participation from existing and new investors.
    • Plans to develop new products and expand market presence.
  • Spade (US Real-time Merchant Data Provider):
    • Raised $10 million in Series A, led by Flourish Ventures.
    • Offers real-time merchant data to improve card issuer’s fraud risk models.
    • Aims to double headcount and expand internationally with the funds.
  • Keyless (UK Fintech):
    • Raised an additional $6 million, bringing total funding to $26 million.
    • Led by Rialto Ventures, first round as an independent company.
    • Focus on meeting increasing demand for its universal biometric profiles in banking and financial services.
  • Bujeti (Nigerian Fintech):
    • Secured $2 million in seed funding led by Y Combinator.
    • Provides a corporate card and spend management platform for African businesses.
    • Plans to increase market presence and enhance product development, including credit lines for SMBs.
  • TURN Platform (Investment by Industrial Thought):
    • Industrial Thought invested £250,000 in TURN (TISA Universal Reporting Network) platform.
    • TURN is an industry blockchain solution for fund-related data.
    • Aims to increase market compliance, reduce regulatory costs, and enhance services for the financial sector.
  • Icon Solutions (Investment by Citi TTS):
    • Citi Treasury and Trade Solutions made an undisclosed investment in Icon Solutions.
    • Plans to expand use of Icon Payments Framework (IPF) for payments transformation.
    • Part of Citi’s multi-year modernization of its payments platforms for flexibility and responsiveness.
  • Mintus Global (Investment by Eurobank Asset Management):
    • Eurobank Asset Management acquired an undisclosed minority stake in Mintus Global.
    • Aims to collaborate further in alternative investment asset categories.
    • Mintus provides access to alternative asset classes for various investor categories.

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