Top 5 VC Deals of the Week in Fintech (10/9/23)

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


Late to the party …

Sometimes, it’s beneficial to be late to the party; just showing up is still fashionable. The same can be said for startups, as late-stage funding deals are more prevalent as year-end approaches. 

“Seed and early-stage funding continued to decline year over year, a clear signal that the venture markets are not opening up yet. Late-stage funding was up by close to 10% year over year and 30% quarter over quarter…”- Crunchbase.

Some notable trends this week:

  • Payments, payments, and more payments deals dominated
  • Well-known names for payment solutions (startups)
  • Most funding was for established startups with a proven track record

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


$100M, Capital| Equity | Canada| Payments |Wavecrest Growth Partners, MassMutual Ventures |

LinkedIn Overview:

“An easy and cost-effective way to reimburse your employees for using their personal vehicle for work. Companies can expect to save up to 30% on reimbursement spend…”


$61M, Series D, Capital| Equity | CA | Payments | Blackstone, Insight Partners, SignalFire, Bloomberg Beta, NextWorld Capital |

LinkedIn Overview:

Stampli is for Accounts Payable teams that want the efficiency of automation, but don’t want to rework their ERP or change their existing AP processes…

3Brite Payments

$60M, Capital | Equity | Sweden | Payments | Dawn Capital, Headline, Incore|

LinkedIn Description:

Brite Payments is one of Sweden’s fastest-growing fintechs, based in Stockholm and operating in 25 markets across Europe. Brite leverages the power of open banking to offer an innovative instant payments solution …


$35M, Series B, Capital| Equity|IL | Payments | J.P. Morgan Growth Equity Partners, Index Ventures |

LinkedIn Description:

“Loop redefines Franchise Performance Management, fusing data-led insights with action to enable your field teams to proactively improve your franchise network performance…


$26.4M, Series A, Capital |Equity | SF | Wealthtech | Greylock, Social Leverage |

LinkedIn Description:

“We believe everyone deserves access to better and smarter ways to manage their money. At Frec, we are transforming complex financial products that have traditionally only been available through wealth advisors into automated, easy-to-use technology...”

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