FinTech Wire: Episode #65 – Non-Mainstream FinTech News, July 2024

SumUp has raised €1.5B in a round led by Goldman Sachs. The UK based FinTech offers a range of financial services such as payment solutions, and card readers. In this round, new investors such as AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG join existing investors such as Funds managed by BlackRock & more. Learn more about SumUp in our Fintech Highlight Series! 

Quantexa, a London based Decision Intelligence Platform Secures $129 Million Series E Investment Round led by GIC, seeing participation from past and existing investors. At the same moment the DI company achieves Unicorn Status with $1.8 Billion Valuation.

Pliant, a Berlin, Germany best FinTech providing B2B credit cards has successfuly raised over €18 million in a Series A extension. This brings the round’s total sum to more than €50 million. Previously, the company has raised €28 million via its initial Series A funding round in February 2024.

Swypex, an Egypt-based FinTech for all-in-one financial B2B platform announces launch after successfully closing a $4M Seed Round led by Accel VC. Swypex is set to begin operations in the Egyptian market, having obtained a comprehensive license from the CBE, with the goal of eliminating financial inefficiencies.

Viable, a FinTech based in London, raised €2.8M Seed Founding Round. The company is creating specialized financial technology for modern merchants, enhancing financial operations and optimizing working capital with the latest in open banking, payments, and AI.

TaxDown, a startup transforming the tax sector in Spain and Latin America, has raised €5 million in a new investment round. Major investors like Base10 and JME Ventures have increased their stakes. Previous backers, including Abac Nest, remain on board.

Brex, the leading corporate credit card company, launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. Brex business accounts now benefit from new advanced security features.

Feather, a German insurtech startup, has raised €6 million to grow its insurance platform tailored for expats in Europe. This funding aims to help Feather serve the over 40 million expats on the continent, addressing a crucial market gap with its unique offerings.

fiskaly, a Vienna based FinTech developing state-of-the-art SaaS infrastructure for POS manufacturers and retailers in Europe, raises an undisclosed round from through Verdane’s 1.1 billion Euro “Freya XI” fund, significantly bolstering growth and expansion efforts.

apoQlar medical, a German HealthTech, creators of Holomedicine®, close a €10 million Series A. HoloMedicine® is a medically certified software platform that leverages the Microsoft HoloLens hardware to transform medical images, clinical workflows, and medical education into an interactive 3D mixed reality environment.