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Weekly Funding Highlights – 25 January 2023

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

US fintech PayEm bags $220m in funding
US-based spend and procurement management platform PayEm has secured approximately $220 million in equity and credit funding from Viola Credit, Mitsubishi Financial Group, Collaborative Fund, and others. PayEm says it will use the new money to fuel its growth, expand its credit card operation and support its customers’ payment needs across the globe. Read more

Sanctions screening regtech GSS secures $45mn in funding
GSS, a fintech that helps financial institutions to remove friction from the sanctions screening process, has secured itself over US$45mn in fresh funding UK-based compliance fintech Global Screening Services (GSS) has raised over US$45mn in funding to help the industry improve its sanctions screening process. Read more

Swedish fintech start-up Anyfin lands €30m Series C funding
Swedish fintech start-up Anyfin has secured €30 million in a Series C funding round as it looks to accelerate its growth across Europe. The round was led by existing investor Northzone with participation from Accel, EQT Ventures, FinTech Collective, Quadrille Capital, Augmentum FinTech, and Citi Ventures. The latest capital injection brings Anyfin’s total equity raised to date to €106 million. Read more

AIFinTech100 firm Inscribe lands $25m in Series B
Inscribe, a fraud detection and document automation platform, has recently scored $25m in Series B funding. The round was led by Threshold Ventures and saw participation from investors such as Uncork Capital, Foundry, Crosslink Capital and a range of angel investors. Founded in 2017, San Francisco-based Inscribe automates document reviews and improves fraud detection so that companies can improve efficiency and reduce operational costs. Read more

Paytech start-up Link lands $20m Series A funding 
US paytech start-up Link has raised $20 million in a Series A funding round led by Valar Ventures. Co-founders Eric Shoykhet and Edward Lando say the new cash injection is in addition to a previously unannounced $10 million seed funding round completed last year, led by Tiger Global and featuring participation from Amplo, Pareto Holdings, Quiet Capital, and a number of angel investors. Read more

Method raises $16M to power loan repayment, balance transfers and more across fintech apps
Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz, with participation from Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and others. Co-founder Mit Shah says that the new cash will be put toward product development and growing the company’s headcount from eight people to 28 by the end of the year. Read more

This female-led fintech closes $12M funding led by female-founded VC firm, seeks $100M more
Twinco Capital, based in Amsterdam and Madrid, is one of the few high-growth European fintech companies led by women. The company provides a production cycle finance solution from purchase order to the final invoice. And news is just in, they have closed a $12 million equity and debt round. The investment was led by a US-based Female co-founded VC firm Quona Capital. The round also saw participation from Working Capital and existing investors Mundi Ventures and Finch Capital. In terms of venture debt, Zubi Capital provided the funding. Read more

Amsterdam’s cybersecurity startup Hadrian bags funding from ABN AMRO Ventures
Amsterdam and London-based Hadrian, a cybersecurity startup that offers real-time exposure management and automated security testing, announced on Tuesday, January 24, that it has raised fresh funding from ABN AMRO Ventures. ABN AMRO Ventures is the venture capital investment arm of ABN AMRO. The funding amount has not been disclosed. Read more

Swiss blockchain firm Obligate closes Seed extension funding to accelerate regulated DeFi
Zurich-based Obligate (previously FQX), a blockchain-based debt infrastructure provider, announced on Thursday that it has closed a Seed extension funding round, bringing the total capital raised to $8.5M (approximately €7.8M).  Blockchange Ventures and Circle Ventures, as well as initial seed co-investors Earlybird and SIX Fintech Ventures, participated in the round. Read more

Sprinque Raises €6M in Seed Funding
Sprinque, an Amsterdam, Netherlands-based provider of a B2B payments platform, raised €6M in Seed funding. The round was led by Connect Ventures, with participation from Kraken Ventures, Inference Partners, SeedX, Antler, Volta Ventures, and Force Over Mass. The company intends to use the funds to expand Pay by Invoice Solution across Europe. Read more

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