Top 5 VC Deals of the Week in Fintech (11/14/23)

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

454

Rolaids…

VC funds were getting bigger and bigger, feeding the idea of capital abundance and lavishly funded startups. Now, raising more and boasting bogus valuations doesn’t equate to success. As a startup, when you need relief…

  • “Money buys you time.
  • It doesn’t buy you the ability to execute.
  • Capital as a moat was a myth.”

-CBInsights

Some notable trends this week:

  • Deal activity is slightly up; LatAm is attractive
  • Foreign deals are outpacing domestic 3:2
  • Fintech and Payments deals are hot

Up next are this week’s Top 5 VC Deals…


1Enable

$120M, Series D, Capital| Equity | Toronto Canada | Fintech | Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Insight Partners, Sierra Ventures | https://enable.com/ 

LinkedIn Overview:

“Enable helps manufacturers, distributors, and retailers take control of their rebate programs and turn them into an engine for growth. Starting in finance and commercial teams, Enable helps better manage rebate complexity with automated real-time data and insights, accurate forecasting, and stronger cross-functional alignment… “

2Volante Technologies

$66M, Capital| Equity | NJ | Payments | Sixth Street Growth, Wavecrest Growth Partners, Wells Fargo Strategic Capital | https://www.volantetech.com/

LinkedIn Overview:

Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Our Payments as a Service (PaaS) and underlying low-code platform process millions of mission-critical transactions...

3Black Ore

$60M, Capital | Equity | TX | Fintech | Andreessen Horowitz, Oak HC/FT, General Catalyst, Founders Fund, Khosla Ventures, Trust Ventures, Lionbird, SciFiVC, SV Angel | https://www.blackore.ai/

LinkedIn Description:

Black Ore is transforming financial services with AI. Our flagship platform, Tax Autopilot, offers end-to-end 1040 tax prep automation for CPAs & tax firms, so that they can focus on advising their clients and growing their practice.

4Qomodo

$36.8M, Pre-Seed, Capital| Equity| Italy | Payments | Fasanara Capital, Notion Capital, Exor Ventures, Proximity Capital, Ithaca Investment, Lumen Ventures, The Techshop, Primo Ventures, Octopus Ventures, Plug&Play, Angel Investors | https://www.qomodo.me/

Website Description:

Qomodo pays you immediately; your customers pay in interest-free installments.”

5Cast AI

$35M, Series B, Capital |Equity | FL | Fintech | Vintage Investment Partners, Creandum, Uncorrelated Ventures | https://cast.ai/

LinkedIn Description:

“Increase your profit margin without additional work. CAST AI cuts your cloud bill in half, automates DevOps tasks, and prevents downtime in one Autonomous Kubernetes platform.

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