- Montreal-based payments software vendor Zūm Rails has raised $10.5 million in a Series A funding round led by Arthur Ventures. Zūm Rails plans to use the funds to expand its solution with the addition of Banking-as-a-Service (BaaS) and other capabilities.
- TIFIN, an AI wealth and asset management platform, has secured a $10 million investment from SEI. The investment will help TIFIN enhance and personalize client experiences, supporting business growth.
- Pulsate, a US-based provider of a mobile-first personalized customer engagement platform, has raised $7.75 million in a Series A funding round led by TruStage Ventures and Curql Collective. The funds will be used to accelerate growth and expand the team.
- Berlin-based B2B embedded finance tech vendor Monite has raised an additional $6 million in its seed round, bringing the total seed funding to $16 million. Monite plans to consolidate its position in the European embedded finance market and expand its footprint in the US.
- Danish fintech Spektr has raised €5 million in a seed funding round led by Northzone, Seedcamp, and PreSeed Ventures. Spektr provides a no-code compliance platform for companies to automate risk procedures and resolve alerts.
- Parlay, a US-based embedded software fintech, has closed a $1.3 million pre-seed funding round led by Fenway Summer. The funds will support Parlay’s mission to partner with community banks and credit unions to extend more loans to small businesses.
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
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