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Global FinTech Funding Roundup 19th June

This week in funding: all across the funding landscape we saw interesting deals taking place – with credit and security providers taking home the highest amounts – and in interesting turn for former investor darling neobank Monzo – who settled for 60 million GBP – which is still a good investment, but 40% less than they aspired to bring in. Take a look at these and more rounds in our funding roundup below!

 

  1. Pagaya takes home $102 Million (~€90M)

Tel Aviv and New York-based fintech startup Pagaya Investment Israel Ltd. has raised $102 million in a series D funding round, the company announced Wednesday.

 – The round was led by Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, former Chairman and CEO of American Express Harvey Golub, Clal Insurance Ltd., GF Investments, and Siam Commercial Bank

– Product website here

 

2. Monzo takes 40% round discount to close at 60 million GBP (~€66M)

UK challenger Monzo has sealed a £60 million funding round at a valuation of £1.25 billion – a 40% discount on its previous sky high pricetag of £2 billion.

 – The round was led by Swiss fund Reference Capital and Vanderbilt University alongside existing investors Y Combinator, Accel, Thrive Capital, and Passion Capital.

– Product website here

 

3. Upgrade’s Series D nets $40 million USD (~€35M)

Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation.

 – Funders: N/A

– Product website here

 

4. Salt Security raises $20 Million USD in Series A (~€18M)

Salt Security, a startup that helps companies protect APIs, announced that it has closed a $20 million Series A. The Palo Alto-based company secured the new funds from Tenaya Capital, bringing its total capital raised to around $30 million.

 – The round was led by Tenaya Capital

– Product website here

 

5. TransferGo nets $10 Million (~€9M)

London-based remittance outfit TransferGo has raised $10 million in a funding round led by Seventure and Vostok Emerging Finance, according to TechCrunch.

 – The round was led by Seventure and Vostok Emerging Finance

– Product website here

 

6. Dovly secures $2 million in Seed Funding (~€1.8M)

Dovly, a consumer-focused credit improvement company, today announced it raised $2 million in seed funding. 

 – The round was led by NFX

– Product website here

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