Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:
Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
ComplyAdvantage announced that it has released ComplyTry, a new tool that enables anyone to better understand the risk profiles of prospective customers using live sanctions, Politically Exposed Persons (PEPs), and adverse media data for free.
JUST IN:
A month after recording its “strongest quarter” in history, Brazilian neobank Nubank has shared plans for consolidation in Latin America. The company plans to continue expanding by picking up acquisitions at low prices.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
SumUp has closed in on a major round of funding of $624 million
Anfin (YC W22) announced it has raised a $4.8 million pre-Series A.
Playter, a London-based growth platform that helps SME’s scale quicker with buy now, pay later (BNPL), closed a $55m equity and debt funding round.
wefox, is aiming to raise several hundred million dollars, the people said, asking not to be identified because the information is private.
Helicap announced that it has raised US$5 million in a funding round from global asset managers Tikehau Capital and PhillipCapital.
Castler has raised $1 million from Zerodha’s venture capital arm Rainmatter, with participation from Venture Catalysts, 9Unicorns, Faad Network Pvt. Ltd and LetsVenture.
Prime Trust has raised $107 million in Series B Funding.
WHAT’S THE LATEST ON VENTURE FUNDS?
Vine Ventures, L.P., a New York City-based early-stage venture capital firm, announced the final closing of its Fund II.
Impact venture capital firm Beyond Capital Ventures announced its fifth investment: XENO Corporation (XENO), the first fintech company to join the Fund’s growing portfolio.
AS FOR PARTNERSHIPS
Global fraud fighters, SEON Fraud Fighters announced a new partnership with Provenir, a global leader in AI-powered risk decisioning software for the fintech industry.