Tuesday, October 1, 2024
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ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more

  • Loop:
    • Funding Raised: $4.7 million (CAD 6.4 million).
    • Headquarters: Toronto, Canada.
    • Investors: Mistral Venture Partners, Luge Capital, Graphite Ventures, Wedbush Ventures, Conconi Growth Partners, among others.
    • Purpose: To accelerate growth and build a global financial services solution for businesses.
    • Service: Cross-border business banking and finance platform.
  • Primary:
    • Funding Raised: $3.5 million in seed round.
    • Headquarters: Australia.
    • Lead Investor: Carthona Capital.
    • Purpose: To scale its treasury management platform offering higher yields and reduced complexity for businesses.
  • Sitewire:
    • Funding Raised: $3.17 million in seed round.
    • Headquarters: California, USA.
    • Lead Investor: Zacua Ventures.
    • Purpose: To expand its construction finance platform and strengthen its market presence.
  • Regfyl:
    • Funding Raised: $1.1 million in pre-seed round.
    • Headquarters: Lagos, Nigeria.
    • Investors: Techstars, RallyCap Ventures, DCG Expeditions, Africa Fintech Collective, Musha Ventures.
    • Purpose: To grow its AML compliance platform and expand its teams.
  • Savr:
    • Additional Investment: Undisclosed amount from Incore Invest.
    • Headquarters: Sweden.
    • Purpose: To expand its investment platform by adding equities, mutual funds, and potentially exchange-traded funds (ETFs).
  • Kasisto:
    • Funding Raised: Undisclosed amount in Series D round.
    • Headquarters: New York, USA.
    • Total Raised: $90 million to date.
    • New Leadership: Don Layden named as executive chairman.
    • Purpose: To enhance its conversational AI platform for financial institutions.

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