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Weekly Funding Highlights – 14 September 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.

Danish fintech start-up Moneyflow lands €250m in debt financing (Fintech Futures)
Nordic embedded finance start-up Moneyflow has entered a €250 million debt financing agreement with banking-as-a-service (BaaS) provider Aion Bank. Moneyflow says the facility will help accelerate the rollout of its embedded finance services on its partner platforms throughout the Nordics and the rest of Europe. Founded in 2018 and based in Copenhagen, Moneyflow provides two kinds of funding solutions for businesses – invoice funding and revenue funding. To enable this, the fintech platform has developed its own underwriting engine with risk and payment prediction features. Read more

AtoB, the First Fintech Payments Platform to Modernize America’s Trucking Industry, Announces $155M Series B Fundraise Round (The Economic Times)
AtoB Has Raised $230 Million To-Date to Fix Fleet Transportation’s Broken Financial System, Address Supply Chain Failures, and Bring Financial Services to Drivers and Operators For First Time. AtoB’s Series B was led by Elad Gil and General Catalyst with participation from existing investors Collaborative Fund, Contrary Capital, XYZ Venture Capital, and Leadout Capital. Prior rounds were led by General Catalyst and Roy Bahat of Bloomberg Beta. AtoB’s individual and institutional backers include industry stalwarts Eric Schmidt, former Google CEO and Alphabet executive chairman; Marc Benioff’s TIME Ventures; AngelList Founder Naval Ravikant; DoorDash founders Tony Xu and Stanley Tang. Read more

Goldman Lends $140 Million to Latin American Fintech Xepelin (Bloomberg)
Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms.  “It’s our largest credit facility so far, denominated in Mexican pesos, and it’s just the beginning of what we hope will be a long-term relationship,” Nicolas de Camino, co-founder and co-chief executive officer of Santiago-based Xepelin, said in a video interview. “We hope we can increase it in the future, and a few times.” Read more

VerifyVASP Raises Series A Funding at $100M Valuation Led by FTX Ventures (Fintech Singapore)
Compliance startup VerifyVASP has concluded its Series A investment at a US$100 million valuation. FTX Ventures together with Peak Capital and Bcharu invested US$5 million into the company to cement its position as a Travel Rule solution trusted by virtual asset service providers (VASPs). Based in Singapore, VerifyVASP provides a one stop Travel Rule solution encompassing counterparty due diligence, Travel Rule messaging and integrated risk monitoring for over 70 digital asset businesses from 24 countries, globally. Read more

Alloy raises $52m for global expansion (Finextra)
Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation. Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures. The firm will use the funding for a global expansion taking in 40 countries across North America, Emea, Latin America, and Asia Pacific. Read more

Berlin-based topi scores €44.8 million to unlock seamless subscription-based transactions for retailers and manufacturers  (EU-startups)
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. 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. Read more

SteelEye raises $21m Series B (Finextra)
In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital. Providing solutions for regulatory reporting, communications and trade surveillance, best execution monitoring, and data analytics, the SaaS-based RegTech platform’s total capital raised has now increased to $43 million. SteelEye will channel this funding from existing investors Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a large family office to accelerate global expansion, particularly in North America. Read more

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