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ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parafin, and more

ICYMI Funding Round-Up Summary:

  1. Cardea Corporate Holdings:
    • Secured $15 million in convertible note financing.
    • Funds will be used for strategic acquisitions and tech infrastructure upgrades.
    • Focuses on portfolio management, analytics, and family office services.
  2. Parfin:
    • Raised $10 million in a Series A round, with plans to reach $16 million.
    • Funds to be used for talent acquisition, market expansion, and blockchain solution development.
    • Provides Web3 infrastructure for LatAm financial institutions.
  3. Conduit:
    • Extended its seed round with $6 million from Helios Digital Ventures.
    • Total funding now $23 million.
    • Plans to expand from Latin America to Africa for cross-border commercial transactions.
  4. Finora Bank:
    • Raised €5.6 million in a funding round.
    • Focuses on micro, small, and medium enterprises (MSMEs).
    • Offers loans, leasing, factoring, and term deposits in Estonia and Lithuania.
  5. Skydo:
    • Secured $5 million in pre-Series A funding led by Elevation Capital.
    • Plans to acquire payment licenses and expand cross-border payment capabilities.
    • Processes payments in 32 currencies, supporting over 6,000 Indian exporters.
  6. Okredo:
    • Received €1.2 million from the EU to develop an AI/ML-driven credit scoring system.
    • Aimed at improving credit risk assessment and financial health for SMEs.
    • Initial focus on data analysis for firms in the UK, Poland, and Baltic states.

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