Thursday, November 21, 2024
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ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more

  • Layer2 Financial:
    • Funding: $10.7 million Series A.
    • Investors: Led by Galaxy Ventures, with participation from Accomplice.
    • Purpose: To drive market expansion, product development, and talent acquisition.
    • Company: Canadian payments infrastructure start-up founded in 2021.
  • Rich Data Co (RDC):
    • Funding: $9 million extension to its Series B round.
    • Investors: Acorn Capital.
    • Purpose: Support expansion into North America and continued AI product development.
    • Company: Australian start-up focused on explainable AI for risk decisioning in banks.
  • Mintos:
    • Funding: €3.1 million ($3.4 million) via Crowdcube crowdfunding campaign.
    • Investors: 3,300 investors from over 55 countries.
    • Purpose: Drive growth initiatives, platform upgrades, and EU expansion.
    • Company: Latvian multi-asset investment platform serving over 500,000 users.
  • Qardy:
    • Funding: Unspecified “seven-figure” pre-seed investment.
    • Investors: Vastly Valuable Ventures, White Field Ventures, and angel investors.
    • Purpose: Enhance services and accelerate expansion in KSA and the MENA region.
    • Company: Egyptian fintech start-up providing digital lending marketplace for MSMEs.
  • United Fintech:
    • Funding: Undisclosed amount from Standard Chartered.
    • Additional Details: Standard Chartered gains board observer rights and a rotational board seat.
    • Company: London-based global acquisition platform focusing on B2B fintech businesses

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