At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
US and Israel-based unshut source risk decisioning platform Ballerine has raised $5 million in a seed funding round led by Team8.
Ballerine raises $5m seed
The round moreover saw participation from Y Combinator, Vera Equity and executives from Brex, Trulioo, Venmo, Melio and Coinbase.
Founded last year, the start-up provides an open-source platform that integrates global data sources and tools to automate decision-making processes for onboarding, underwriting and transaction monitoring.
Hadar Siterman Norris, partner at Team8, says the funding will help Ballerine “create the first unshut source and developer-centric compliance infrastructure”.
UK financial giant Barclays has invested £3 million in lendtech Trade Ledger.
Barclays will moreover be implementing Trade Ledger’s working wanted orchestration platform to provide end-to-end credit management automation for the bank’s corporate clients in the UK and globally.
Through the Trade Ledger platform, Barclays will enable its clients to unlock mazuma spritz with “convenient, quick” wangle to working capital, client-centric onboarding and loan management wits and wangle to real-time data.
Trade Ledger will use the funding to protract scaling globally and onboarding new clients. It has raised £16.6 million to date.
Mexican fintech start-up Trébol has secured $3 million in seed funding.
The funding round was led by Better Tomorrow Ventures and Canaan Partners withal with participation from
Y Combinator, SOMA Capital, Unpopular Ventures, and sweetie-pie investors.
Founded in 2021, Trébol automates merchantry identity verification and underwriting decisions permitting banks, lenders, and insurers to quickly onboard its customers. It claims to have streamlined the verification of increasingly than 8,000 businesses for banks, lenders, and expense management platforms in Mexico and Colombia.
Trébol plans to use the funding to expand the product into new markets and grow the team. Currently, the service is misogynist in Mexico and Colombia.
US-based fintech start-up Plenty has launched with $2.75 million in a pre-seed funding round.
Plenty raises $2.75m
Investors include Phenomenal Ventures, Kevin Durant and Rich Kleiman’s 35V, former CEO of Wealthfront, Adam Nash, ex-Stripe angels, and Inovia Capital.
Founded in 2022 by an early Stripe employee, Plenty offers a financial platform that helps couples discuss, manage and invest their money together.
Its goals-based investing platform is misogynist via membership, and simplifies and automates the financial forecasting and investing process for couples who want to plan toward life milestones.
Swiss climate finance platform Pyrpose has raised $1.1 million (CHF 1 million) in its sweetie-pie round, including institutional investment from CV VC and sweetie-pie investors.
The Pyrpose platform allows consumers to understand their own stat footprint and indulge them to directly invest in climate solutions and generate returns. It moreover provides SME climate innovators with wangle to working capital.
Based in Geneva, Pyrpose launched the private beta of its platform in February 2023.
The funds will be used to well-constructed the private beta and protract developing its product to launch its minimum viable product (MVP) in Q3. The start-up says it is moreover looking to unshut its seed round in the coming weeks.
UK fintech Freemarket, which operates a platform for regulated B2B cross-border payments and currency exchange, has received an undisclosed amount of investment from Baird Capital.
With the funding, Freemarket intends to propel its growth and international expansion, as well as provide a partial cash-out to existing shareholders.
