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Weekly Funding Highlights - 15 September 2021
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Weekly Funding Highlights – 11 May 2022

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT, credit cards, banking and more. Enjoy reading!

Brazilian fintech infrastructure company Dock closes on $110M in funding, now valued at over $1.5B 
Dock (Sao-Paolo, Brazil), which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. The startup has raised $110 million in a growth funding round led by U.K.-based Lightrock and Silver Lake Waterman, bringing its valuation to over $1.5 billion. Existing backers Riverwood Capital, Viking Global Investors and Sunley House Capital also participated in the financing. Read more.

Data-driven fintech Tifin valued at $842M in new $109M Series D round 
Tifin (Boulder, Colorado), a startup, which aims to match investors with investments in the wealth and asset management industries, announced today that it has raised a $109 million Series D round, less than a year after its Series C last October. The round brings the company’s valuation to $842 million, nearly doubling the $447 million it was valued at after its Series C. Read more.

Talos Raises $105M in Series B Funding 
Talos, a New York-based institutional digital asset trading technology platform provider, raised $105M in series B funding that values the company at $1.25 billion. The round was led by General Atlantic with participation from Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA), LeadBlock Partners, Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital, and Notation Capital. Read more.

Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob 
Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. New participating investors include Helios Digital Ventures, British International Investment (formerly the CDC Group) and Nclude, the venture fund launched by Global Ventures and three Egyptian banks. Existing investors from its $18.5 million Series A last April — A15, FMO, and Global Ventures — doubled down. Read more.

Vivriti Capital Bags $30 Mn From TVS Capital To Close Series C; Total Funding Reaches $200 Mn 
Fintech startup Vivriti Capital (Chennai, Tamil Nadu, India)  has raised an additional $30 Mn in a Series C funding round from TVS Shriram Growth Fund 3, a private equity fund managed by TVS Capital. The funds will be utilised for business and technology expansion for customer acquisitions, product delivery and portfolio management, the startup said in a statement.  The Chennai-based startup already raised $55 Mn in the first close of its Series C funding in March 2022 from existing investors Lightrock and Creation Investments. Read more.

Ness Raises $15.5M in Seed Funding
Ness, a New York-based fintech company building credit cards limiting the cost of wellcare, raised $15.5M in Seed funding. The round was led by Will Ventures with participation from Core Innovation Capital, Accomplice, Digitalis, GFCPortage Ventures, Refactor Capital, RiverPark, and Atypical. The company intends to use the funds to grow the product, team, userbase, and commitment to credit and compliance. Read more.

Cushion Raises $12 Million in Series A Funding 
Cushion, a San Francisco, CA-based bank and credit card fee negotiation company, raised $12M in Series A funding. The round was led by Rose Park Advisors, with participation from Flourish Ventures, Vestigo Ventures, TSEF, Green Cow Venture Capital and  CMFG Ventures Discovery Fund. The company intends to use the funds to hire talent across product, engineering, data analytics, and marketing as it readies its bill pay solution for a general audience after months of beta testing. Read more.

Paper Raises $9.3M in Seed Funding 
Paper, a San Francisco, NFT payment startup, raised $7.3m in seed funding after a $2m angel investment. The round was co-led by Electric Capital and Initialized Capital with participation from Polygon, FalconX, Long Journey Ventures, Founders Inc., Alliance DAO, ThirdWeb, Night Capital and the founders of Plaid, Twitch, Fractal, MagicEden, Eventbrite, Tagomi and Bison Trails. Founded in 2022 by James Sun and Edward Sun, Paper is a payment processing company that allows credit card-based, wallet-based, and cross–chain purchases of NFTs. It enables purchases with only email and credit card, as well as allowing cross-chain payments. For customers using Paper, the company supports the post-checkout utility infrastructure of wallets and signing, meaning purchases can be translated into real-life memberships and benefits verified by the blockchain. Read more.

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