Top 5 VC Deals of the Week in Fintech (8/14/23)

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


AI: Hype or just getting going?

AI rapidly emerged this year, quickly becoming a favorite among startups and funders. Existing technologies are also implementing AI capabilities to meet customers’ demands and improve solutions. 

“In the first 6 months of 2023, funding to the space shot up more than 5x compared to full-year 2022, and the space has already seen 18 companies hit unicorn status. Is generative AI just getting started, or is it overhyped?” –CB Insights

Approximately one-third of generative AI startups have yet to raise equity capital, an opportunity for investors looking to cash in on cross-industry applications and interfaces.

Some notable trends this week:

  • Domestic deals are funding almost 3:1 compared to U.S. deals
  • Security/asset monitoring solutions were evident in funding awards
  • Decentralized, cross-border, and web3 startups are bringing in the $

And now, here are this week’s Top 5 VC Deals…


$125M, Series B, Capital| Equity | GA | Wealthtech | General Catalyst, Next47, Ronan de Hooge, Ron Gill, Andy McCall |

LinkedIn Overview:

“TRACTIAN exists to transform maintenance routines, identifying and bringing real change to outdated methods. We offer a streamlined fusion of hardware-software tools field teams need to operate their machines and become best-in-class…


$100M, Capital| Debt | UK | Payments | Victory Park Capital |

LinkedIn Overview:

SumUp is a leading global financial technology company driven by the purpose of levelling the playing field for small businesses. Founded in 2012, SumUp is the financial partner for more than 4 million small merchants in over 35 markets worldwide, helping them start, run and grow their businesses..


$35M, Capital | Equity | Singapore | Wealthtech | Citi Ventures, MUFG Innovation Partners, UBS Next, EDBI, Prosus Ventures, Lightspeed Venture Partners, Singtel Innov8 |

LinkedIn Description:

Endowus is a Singapore-based financial technology company that empowers people to take control of their financial future. The firm’s proprietary systems provide data-driven wealth advice in constructing personalised solutions…”


$15M, Series A, Capital| Equity |SF | FinTech | Blue Lion Global, Renegade Partners, Bain Capital Ventures, Box Group, Kraken Ventures |

LinkedIn Description:

“Eliminate drop-off with zero-login financial data.


$12.5M, Series A, Capital |Equity | NYC | FinTech | Insight Partners, Team8, Citi Ventures, Cardumen Capital |

LinkedIn Description:

“As the economy democratizes and digitizes, there is an opportunity for tax authorities to harness modern data and algorithms to drive compliance and close the tax gap…”

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