Mooncard has now secured €37 million in a Series C round. The FinTech offers a card solution to automate expense and expense claim processes and currently serves over 6000 public and private institutions. He said the goal is to establish a permanent presence in the European market.
With a valuation of over one billion euros, Raisin is one of the most important German fintechs. Raisin offers a savings marketplace across Europe. It has raised €60 million in a Series E funding round. The fresh money will be used for growth in the USA, among other things.
Fintech platform PhonePe has received an additional $200 million in primary capital from Walmart at a pre-money valuation of $12 billion. The company has also received $650 million from several global investors.
Australian payments company Till Payments has successfully closed an AUD 70 million ($46 million) Series D funding round led by Silva Fortune. The new capital raise follows the $80 million Series C in October, which valued the company at A$500 million ($350 million).
The Munich-based fintech wealtch accumulation provider Beatvest secured a new investment of €1.3 million. Early-stage VC Neosfer, which belongs to Commerzbank, the Berlin-based joint VC of Axel Springer and Porsche, APX, and Sino AG, an online broker from Düsseldorf, participated in the seed round. N26 founder Maximilian Tayenthal is also one of the investors.
Money laundering is an enormous problem for societies and economies. More than two trillion US dollars are laundered every year. Economic fraud has increased by more than 37% in high-growth markets in the last twelve months. Munich-based fintech Hawk AI, which supports banks and financial service providers in the fight against financial crime, is raising €17 million in a new Series B financing.
Tax app Zasta receives a credit line to finance a new offering: With €60 million, it wants to pay out part of the tax refund immediately in the future. Again, the fintech Volksbank is getting involved. Vereinigte Volksbank, which already finances startups such as Billie, Ratepay, or Mondu, is providing Zasta with the credit line, according to founder Michael Potstada.
They started with pay-per-use financing for industrial machinery and equipment in 2018 and reached a turnover of 2.5 million euros in 2022. CCAP, a BaFin-registered investment and consulting company, is coming on board as a new investor with a seven-figure sum in the Austrian startup linx4.
Despite the depressive fintech environment, London-based Native Teams (website), a payment platform for mobile and flexible workers, has received €2 million in a seed round. The round was led by Eleven Ventures, one of the leading early-stage VCs in Southeast Europe. Other leading funds also participated in the round, including Croatia-based Fil Rouge Capital, Haatch Ventures from the UK and US fund Quake Capital.