Top 5 VC Deals of the Week in Fintech (5/16/23)

Digital Wealth News Continues our Weekly Series Covering the Largest VC Deals of the Week Worldwide in Fintech


It’s tough out there, and tech companies are still making cuts. But during times of economic crisis (yes, we’re in one regardless of politics), often great ideas (and technologies) are born:

“(S)ome of those pink slips spell opportunities for wannabe entrepreneurs as well as the startup networks and investors eager to help them. Despite a challenging funding climate, many see potential in the high-quality talent being cut loose from major tech companies.”- Crunchbase.

Really, there’s no better time than the present to make your mark. Startups, do your research, and launch!

Some notable trends this week:

  • The majority of this week’s deals were foreign, backed by European VCs.
  • This week’s #1 (8fig) received funding from Silicon Bank…how does this work?
  • This week’s deals were lower amounts, many in thousands, not millions.

Next up are this week’s Top 5 VC Deals


$140M, Series B | Equity| Texas| FinTech | Koch Disruptive Technologies, Battery Ventures, Localglobe, Hetz, the Jesselson Family, Silicon Valley Bank|

LinkedIn Overview:

“Founded in 2020, 8fig’s team consists of veteran e-comm, finance, and supply chain experts in Austin, Texas and Tel Aviv, Israel. Together, we’re committed to our mission of propelling ecommerce sellers to 8-figure revenue through flexible funding and supply chain planning tools.”


$40M, Capital | Equity | Estonia| WealthTech| VentureWave, Mistletoe, Draper Associates, Kaidi Ruusalepp|

Website Overview:

“Enable companies to run private syndications and secondaries within a secure, private space on Funderbeam.”


$35M, Capital | Equity | NYC | Payments| Valar Ventures, Story Ventures, Core Innovation Capital, RiverPark Ventures, Synchrony, Samsung Next |

LinkedIn Overview:

“Petal’s aim is to bring financial innovation and opportunity to everyone. We use modern technology to help people build credit, avoid debt, and spend responsibly…”


$12.5M, Seed | Equity | Netherlands | FinTech | ABN AMRO Ventures, Motive Ventures, 10xFounders, 14Peaks Capital |

LinkedIn Overview:

“We enable safe & frictionless online customer journeys by integrating industry-leading threat intel, behavioural analytics, advanced device fingerprinting and over 10.000 adaptive fraud indicators. This will give you and your customers peace of mind in an age of ever-changing fraud.”


$12M, Capital Raise| Equity | NYC| Crypto | 10T Holdings, Framework Ventures, Santiago Santos |

LinkedIn Overview:

“Blockworks is a financial media brand that delivers news and insights about digital assets to millions of investors. Our editorial content, newsletters, podcasts and events provide investors with the critical analysis and information they need to make smarter decisions about digital assets.”

We’ll be back next week with more news on fintech VC funding.