Monnai Raised $6.5M in a Series A Round Led by Tiger Global

Monnai, a provider of consumer insights infrastructure for financial institutions, has raised $6.5 million in a Series A funding round led by Tiger Global. Better Tomorrow Ventures, 500 Global and Emphasis Ventures joined the round for Monnai, which has set itself the mission of becoming the "single source of truth for fintech decision-making globally". The startup's platform integrates the increasing number of disparate data sources across the globe and provides its fintech customers with tools to navigate rising fraud and evolving regulatory landscapes.

Digital Identity RegTech Socure Secures $95 Million Credit Facility with J.P. Morgan, Silicon Valley Bank and KeyBanc Capital Markets

Socure, the leading provider of digital identity verification and fraud solutions, announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets. This line of credit will further strengthen the company’s financial position as it continues on its mission to be the first and only solution provider to verify 100% of good identities in real-time and completely eliminate identity fraud on the internet.

Web3 Startup Tweed Raises $4M in Seed Round

Tweed, a plug-and-play white-label wallet and payment solution to support any web2 platform tapping into the web3 space, comes out of stealth to announce it has raised a $4m seed funding round led by Accel.Communitas Capital Partners and Zero Knowledge Ventures also participated in the round alongside angel investors including Sorare CEO Nicolas Julia, ex-Venmo COO Mike Vaughan, ex-JPMorgan executive Ameet Patel and ex-SunGard CEO Cristóbal Conde.

Lloyds Banking Group Invests £10 Million in Digital Identity Company Yoti

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data. Yoti offer a range of digital identity solutions that make it simple for people and businesses to protect themselves online.

French B2B Lender Aria Bags €50M Debt Facility

Founded in 2020, Aria has concluded a new €50 million debt fundraising with one of the world’s leading asset management and investment fund management companies, M&G Investments. This is in addition to €20 million already secured in 2022. With this transaction, the French fintech, a leading company in the embedded invoice financing market, is increasing its financial capacity and accelerating its business development by expanding its offer.

Droit Raises $23 Million in Series B Funding Round, Supporting Global Growth and Wealth Product

Droit, a technology firm at the forefront of computational law and regulation, announced it has closed a $23 million Series B investment in its latest funding round. The round was led by Pivot Investment Partners and UBS, the leading global wealth manager, through its venture and innovation unit UBS Next. Goldman Sachs, an existing investor, is also participating in the financing round.

Growfin Raises $7.5M Led by SWC Global as it Helps Enterprises Drive 33% Efficiency in Cash Flow

The prevailing economic conditions with a looming recession, correcting valuations and a tough fundraising environment have meant companies are zooming in on optimizing their cash flow to establish a sustainable growth pathway. Helping these companies get a focussed lens, fintech startup Growfin announced a $7.5M Series A funding round to provide real-time visibility and predictability in cash flow for modern CFOs.

Avista Closes a $22.5M Debt Facility from Accial Capital

Colombian FinTech Avista, which uses digital financial solutions to provide greater access to credit products, has reportedly raised $22.5m in a debt facility. The funds were supplied by Accial Capital, an investor in asset-backed FinTech lending portfolios in emerging markets, according to a report from Forbes Colombia. With the capital, the company hopes to grow its loan originations which are focused on the retiree population. 

Singapore-based FinTech iLex Raises $4.5M in Seed Round

Singapore-based marketplace lending company iLex has secured a $4.5m investment, which was led by QBN Capital. The funds will help iLex accelerate its product roadmap and client acquisition across Asia Pacific, Europe and the Middle East and Africa, according to a report from Technode Global. Capital will also be used to hire more staff.