Cinchy Announces $14.5 Million Series B Funding Led by Forgepoint

Cinchy, the pioneer of dataware technology and leader of data liberation, announced a $14.5 million USD Series B financing round led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join Cinchy’s Board of Directors, while Reynaldo Kirton comes on board as an advisor. Cinchy can leverage on the global demand for data fabric and mesh solutions that enable enterprises recover control of their data.

Asian Fintech iLex Passes $10B Assets Milestone

iLex, a Platform-as-a-Service fintech that designs, builds and operates digital market infrastructures for the US$6 trillion syndicated loans and private credit market, announced that it has US$10 billion of assets listed on its platform. In the last year, iLex's APAC and EMEA market participants tripled. The loan assets are displayed on iLex's Marketplace TM, which has open and private venues to distribute and source loans.

Zest AI Secures Growth Capital from Fintech Investors, Strategic Partners, and Customers to Advance the Next Generation of AI-Automated Underwriting 

Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has raised over $50 million in a new growth round. The round was co-led by existing global software investor Insight Partners and new investor CMFG Ventures, with participation from CU Direct, Curql, Suncoast Credit Union, Golden1 Credit Union, Hawaii USA Federal Credit Union, and NorthGate Capital.

Darwinium, a Next-generation Fraud and Security Platform, Secures an Initial $10 Million Funding Round

Darwinium, a pioneering new Customer Protection Platform, announced a seed funding round of $10 million USD led by Blackbird alongside Airtree, both Australian headquartered Venture Capitalist firms. The initial capital round will be used to expand the company's product line and customer base. Additional funding was supported by several prominent angel investors including Naval Ravikant and Jeff Fagnan.

InterPrice Technologies Announces $7.3 Million Series A Funding Round Co-Led by Nasdaq Ventures and DRW Venture Capital

InterPrice Technologies, Inc., a treasury capital markets funding platform, announced the closing of its Series A funding. The $7.3 million investment was co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital. InterPrice’s solutions streamline bond, commercial paper, and loan pricing indications into intuitive dashboards across currencies and financing products.

Egyptian Fintech MoneyFellows Raises $31M to Digitise ‘Money Circles’ Between Friends and Family

Egyptian fintech MoneyFellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together. Popular in Egypt and other Arab countries under the name “Gameya”, Money Circles are also known as Rotating Savings and Credit Associations (ROSCAs). ROSCAs bring together persons who agree to pay a specific amount each month for a set duration. 

Form3 Secures EUR23 million Funding To Continue Exponential Growth Journey

Form3, the leading cloud-native payment technology provider, announced it has secured a EUR23 million venture debt facility to continue its rapid global expansion and follows its $160 million Series C funding led by Goldman Sachs last year. Atempo Growth, whose LPs include the European Investment Bank, Santander, and the British Business Bank, will give Form3 with venture loan investment to explore acquisitions, launch into new markets, and support new product growth.