TLDR:
- FinTech sector records second week of investment below $500m across 20 deals with a total of $434m raised
- Key deals include Moove raising $100m, Solaris securing €96m, and BigID closing a $60m growth funding round
The FinTech sector has recorded its second week of investment below $500m across 20 deals reported on by FinTech Global. Up to $434m was raised this week, with the largest deal being Moove securing $100m in a Series B raise. Solaris also announced a successful €96m funding round, while BigID closed a significant $60m growth funding round. These key deals represent the diverse range of investments in the FinTech industry and highlight the continued momentum in the sector.
Other notable deals include Coterie raising $27m to simplify small business insurance, NX Technologies securing $24m in a Series B investment, and AccessPay closing a strategic funding round of $24m. These investments reflect the ongoing innovation and growth within the FinTech ecosystem, with companies focusing on areas such as data security, compliance, and streamlining financial processes for corporations and institutions.
In addition, CyberSaint secured $21m in Series A funding to fuel global cyber risk management innovation, Sevco Security raised $17m for its cloud-native Cyber Asset Attack Surface Management platform, and Marco Financial closed a $12m Series A funding round to support SME exporters in Latin America. These investments underscore the importance of cybersecurity, risk management, and financial inclusion in the FinTech industry.
Overall, the quiet week in terms of total investment amount does not diminish the significance of the deals made, showcasing the diverse range of opportunities and innovations taking place in the FinTech sector. From data security and compliance to small business insurance and trade finance, these deals highlight the resilience and growth potential of the industry.
