Top 5 VC Deals of the Week in Fintech (6/19/23)

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


Tallying up on Payments

Payments continue to be one of the most well-funded categories for startups, but more complexities exist outside dev. Regulations of cross-border payments may be the most challenging hurdle to overcome.

“More than 26,000 rules apply to international payments—from disclosure protocols to remediation standards. This makes the system uniquely compliance-driven and requires a complex web of contacts at global financial institutions as well as regulatory bureaus.” – The Financial Revolutionist.

But while regulations may be challenging, everyone from mobile app companies to banks is seeking new payment alternatives (plus perks). Add-in identification verification and payment applications are now a new ID source for multiple states and even the TSA.

Some notable trends this week:

  • Eigen Labs, this week’s #1, adds more to its earlier award of $50M in funding.
  • It was a good week for US-based startups, with most funding deals stateside.
  • This week’s #5, Truework, has single source backing from one of the Big3, TransUnion.

Next up, here are this week’s Top 5 VC Deals

1Eigen Labs

$64.5 M, Series A, Capital| Equity| Washington State | Blockchain| Undisclosed | 

LinkedIn Overview:

We propose EigenLayer, a restaking collective for Ethereum. EigenLayer is a set of smart contracts on Ethereum that allows consensus layer Ether (ETH) stakers to opt in to validating new software modules built on top of the Ethereum ecosystem…”


$43M, Series A, Capital| Equity | UK | Blockchain | Andreessen Horowitz, CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11 |

LinkedIn Overview:

The Gensyn network is the Machine Learning Compute Protocol that unites all of the world’s compute into a global machine learning supercluster, usable by anyone at any time.”


$32M, Series B, Capital | Equity | MA | FinTech | Innovius Capital, Threshold Ventures |

LinkedIn Overview:

CloudZero is the leader in cloud cost intelligence. We empower the world’s engineers to build cost-efficient software without slowing down innovation…”


$25M, Series C, Capital| Equity |Chicaco | FinTech |Top Tier Capital Partners, Madrona Venture Group, Revolution Ventures, Sierra Ventures |

LinkedIn Overview:

Paro is an AI-powered marketplace that delivers finance and accounting solutions to businesses through a combination of expert fractional talent, data-driven tools and guiding insights…”


$24M, Capitatl | Equity | SF | FinTech | TransUnion |

LinkedIn Overview:

On a mission to create trust with every financial transaction, Truework provides a one-stop, customizable platform for income and employment verification that is more efficient, accurate, and secure…”

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