Funding News

Weekly Funding Highlights – 31 August 2022

New week – new closed funding rounds! This week’s funding highlights cover personal finance, software, crypto, BNPL, and many more! Take a look at some major investments of this week.

Female-Led Fintech SageWealth Secures €500,000 In Pre-Seed Funding for ‘Ethically Minded’ Millennials
With a goal of bringing digital financial advice and sustainable investment opportunities to ‘ethical’ millennials, the female-led fintech platform SageWealth has announced the recent closing of a €500,000 pre-seed funding round. The pre-seed funding round was led by Till, as well as the founder of, Hans, founder of Clue, and Aleks, founder of Penta. Forty percent of the Angels are female and include Dr. Marta Ra, founder of Women in Sustainable Finance, and Marie Louise Seelig, founder of CrossLend. Read more.

Capital on Tap secures a $237M credit line
Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 trillion JPMorgan and investment firm Triple Point. The U.K.-based fintech provides fast funding to small businesses in an all-in-one business credit card and spend management platform. The company was founded in 2012, and more than 200,000 small business customers. Read more.

Moneyflow raises EUR 250 mln 
Moneyflow, a Denmark-based fintech, has raised EUR 250 million in asset-backed debt funding from Aion Bank, to fuel the growth of its platform. Founded four years ago, Moneyflow is an FSA approved Danish fintech company providing funding solutions for businesses through embedded finance. Through smart and integrated financial tools, Moneyflow helps businesses get paid the moment they send their invoice, in order to create an easy way for small and medium enterprises (SME) to access and provide liquidity for other SME’s. Read more.

Indian lending fintech EarlySalary bags US$110mn in funding
Indian lending fintech EarlySalary has raised US$110mn in funding as it seeks to make credit, like cash loans and salary advances, more accessible. Indian fintech EarlySalary, which offers consumer lending in the form of cash loans and salary advances, has closed a US$110mn Series D funding round. The money will allow the Pune-based company to significantly grow its business over the next two years. In particular, it wants to serve more customers, further build out its cash loans business and enhance its tech and analytics frameworks. Since it was founded in 2015, EarlySalary has already expanded its services to over 150 cities and taken on more than 1 million customers. Read more.

Solid Raises $63 Million Series B Led By FTV Capital to Bring Modern Fintech Infrastructure to Every Company
Solid, the leading fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products, today announced its $63 million Series B funding round. Led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology, the funding will accelerate Solid’s expansion into fintech-ready verticals such as travel, logistics, construction, healthcare, education, and the gig economy. Existing investor Headline also participated in the round. Read more.

Alloy Raises $52 Million in Additional Funding To Accelerate Growth and Global Expansion
Alloy, the leading Identity Decisioning Platform for banks and fintech companies, announced that it raised an additional $52 million led by Lightspeed Venture Partners and Avenir Growth with participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures, bringing the company’s valuation to $1.55 billion. The funding will help the company as it accelerates its growth to address the global demand for fraud prevention tools. Read more.

Singapore’s Lightnet secures $50m funding to fuel growth
Singapore’s Lightnet has secured a $50 million capital commitment from LDA Capital, with the option to increase the amount up to $100 million over the next three years. Lightnet says the funds will be used to grow its infrastructure and operations as well as further develop its tech partner’s (Velo Labs Technology) blockchain technology. The money will also be used to facilitate web3 payment and blockchain-based remittance services focused across Asia Pacific. In addition, the investment will help the firm obtain licenses and increase its internal operations, including hiring new employees. Read more.

Berlin-based topi scores €44.8 million to unlock seamless subscription-based transactions for retailers and manufacturers
Berlin-based fintech topi is empowering retailers and manufacturers to access subscription-based transactions and helping to fuel the shift to a circular economy. The startup has just secured €44.8 million and announced a strategic partnership with GRAVIS, a leading electronic retailer in Germany.  Shifting to a circular economy is one of the cornerstones of creating a more sustainable and equitable society. Not only does a circular economy rely on more conscious decisions from consumers, but it also needs businesses to rethink how they go about transactions and processes. At the same time, companies across Europe are facing uncertain and challenging economic times, and looking for ways to enhance their financial footing as well as operational efficiency.  Read more.

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