The green German fintech has been a hit with small investors. But professional investors gave significantly less money this year. In October 2020 and 2021, the Hamburg-based Tomorrow Bank (website) had already raised single-digit million amounts via crowdinvesting. The founders Jakob Berndt, Inas Nureldin, and Michael Schweikart now want to raise a single-digit million from the crowd again.
Tymit is a credit company that offers traditional credit cards and a “buy-now-pay-later” service. The UK-based FinTech has now closed a $26 million funding...
Argentine B2B paytech company Menta has closed a $6 million seed round led by Base10 Partners, with subsequent support from Pear VC, MatterScale Ventures and Gilgamesh Ventures. Menta is a plug-and-play solution that provides financial services to B2B companies.
Boris Nemšić, former CEO of Austrian telecom operator Mobilkom, joins Seasonax (website) as an investor and strategy advisor. The Viennese fintech delivers daily trading ideas, expert analyses, and trading patterns for various financial instruments such as stocks, currencies, and commodities. The Seasonax platform is used by institutional and private investors worldwide in everyday trading.
The "buy-now-pay-later" provider Mondu receives new capital. The Berlin-based fintech has secured a €20 million loan from Germany's Vereinigte Volksbank Raiffeisenbank. Mondu plans to use the money to drive international expansion and open an office in the Netherlands.
GoHenry, the prepaid debit card and financial education app for kids and teens has raised £50 million in its latest growth capital round. The debit card and app for kids provider doubled revenue to $42 million during COVID and recently acquired European FinTech Pixpay.
Embedded finance platform Railsr, formerly known as Railsbank, has closed a £40.4 million Series C round, consisting of £22.8 million in equity and £17.6 million of debt. Nigel Verdon, CEO and co-founder, said, "I'm delighted that less than four months after Railsbank's transformation into Railsr, we've reached another milestone and completed our Series C - an important step on our journey to profitability."
Italian paytech company Satispay has received €320 million in a Series D funding round led by Addition, bringing its valuation to over €1 billion. Existing investors Greyhound Capital, Coatue, Lightrock, Block Inc, Tencent and Mediolanum Gestione Fondi SGR also participated in the round.
Colombian FinTech company Finaktiva has reportedly raised $25 million in a mix of debt and equity, a LatamList report said. The funding round consisted of $20 million in debt from Bancolombia and other local banks. The $5 million in equity was provided by responsABILITY, a Swiss impact investment fund that provides capital to emerging markets.
