ICYMI Funding Round-Up Summary:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
