Top 5 VC Deals of the Week in Fintech (9/4/23)

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


Not so fast…

Amid unicorns, ‘hot’ startups, and dreams of IPOs, tech startups previously experienced growth and sector-wide expansion, a period that often occurs once a decade. But, now, the software-as-a-service and tech services sector has taken a considerable hit- McKinsey analysis found that recent market corrections have depressed valuations in the space by more than 40 percent. 

Excitement is evident when a private company files to go public (Instacart), but don’t assume more VC-backed startups will follow. Declining valuations, dwindling funding, and more weekly failures demonstrate a slowdown.

Some notable trends this week:

  • Deals were on ‘vacation’
  • Single-digit low millions awards were evident
  • Fintech took home the cash compared to other sectors 

Drum roll, please; here are this week’s Top 5 VC Deals…


$80M, Capital| Equity | Chicago | Fintech | BIP Ventures, Boathouse Capital |

LinkedIn Overview:

“Mediafly is the most comprehensive revenue enablement platform for large enterprises. Mediafly is used daily by top B2B go-to-market teams to engage buyers, prepare sellers, quantify value, and continuously optimize sales force performance…”


$9.5M, Series A, Capital| Equity | S. Brazil | Fintech | Valor Capital Group, NFX, Base Partners, Formus Capital, Iporanga Ventures, Endeavor Scale-Up |

LinkedIn Overview:

“With technology, we bridge the gap between manufacturers and retailers.


$9M, Seed, Capital | Equity | CA | Fintech | Khosla Ventures, Nyca Partners, Soma Capital, MVP Ventures, GSBackers, Valiant Capital Employee Fund, Correlation VC, G&H Partners |

LinkedIn Description:

We are building the future of finance: reimagine productivity by thinking more and spending less time doing mechanical work while working with a trustworthy AI that never makes up or “hallucinates” factual information.


$6M, Series A, Capital| Equity |Vietnam | Fintech | Wavemaker Partners, Krungsri Innovate, Headline Asia, Do Ventures, JAFCO Asia, Ascend Vietnam Ventures|

LinkedIn Description:

MFast is the leading tech-enabled agent banking network that aims to democratize financial access to the underserved population in Vietnam and emerging Southeast Asia…


$4.6M, Seed, Capital |Equity | SF | Blockchain | Kindred Ventures, Elad Gil, Scalar Capital, A.Capital, Alchemy Ventures, Naval Ravikant, Sota Watanabe, Sep Kamvar, Scott Belsky, Marc Bhargava |

LinkedIn Description:

“Crypto, blockchain, and NFTs are shifting company digital marketing strategies from being purely online to also onchain. Onchain marketing allows for a more effective engagement tracking system, a way to incentive-align early and loyal fans, and accelerated capital formation to fund new initiatives…

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