Top 5 VC Deals of the Week in Fintech (11/27/23)

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

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Actors on stage…

Long before ‘lights, camera, action’ are the auditions. In the startup world, those auditioning are likely the startup’s founders. However, many startups should take a different approach and have the VCs audition. There’s a lot at stake if the startup takes VC monies from the wrong investors…

“Efforts to predict the success of startup ventures using data and statistical modeling have been around for a while. But what about turning the tables on VCs?” – Crunchbase

What a novel idea! Once startups fully understand who the director is, perhaps it is time for them to say, “Next, please,” and exit off-stage to the next potential funding opportunity.

Some notable trends this week:

  • ‘Unlocation’ based startups are making waves
  • Domestic deals were on ‘vacation’
  • Blockchain picks up speed

Here are this week’s top 5 VC deals…


1Alpheya

$300M, Capital| Equity | UAE | Wealthtech | Lunate, BNY Mellon | https://www.alpheya.com/

LinkedIn Overview:

“Alpheya offers a full suite of cloud-native, AI-powered wealthtech solutions designed to strip away the complexities of wealth management and deliver differentiated experiences, insights, and new opportunities for your business.

2Indy

$44M, Capital| Equity | France | Fintech | BlackFin Capital Partners, La Maison, iXO | https://www.indy.fr/

LinkedIn Overview:

Indy is today’s most-advanced AI-powered DIY bookkeeping & accounting software.

3Blast

$20M, Capital | Equity | Ethereum Layer 2 blockchain protocol | Blockchain | Paradigm, Standard Crypto | (no website available)

Coindesk Description:

“Blast natively participates in ETH staking, and the staking yield is passed back to the L2’s users and dapps…

4Privy

$18M, Series A, Capital| Equity| Startup that build blockchain-based tools for their operations | Blockchain | Paradigm, Sequoia Capital, Blue Yard, Archetype, Justin Waldron, Ben Leventhal, Dan Romero, James Prestwich, Tarun Chitra, Linda Xie, Patricio Worthalter, Cooper Turley | https://www.privy.io/

LinkedIn Description:

Easily onboard your users to web3 with a simple, robust library. Add beautiful authentication flows in minutes and serve every user, whether they have a wallet or not, across mobile and desktop.

5Kiwi

$13M, Series A, Capital |Equity | India | Blockchain | Omidyar Network India, Nexus Venture Partners, Stellaris Venture Partners | https://gokiwi.in/

LinkedIn Description:

“Discover a new way to pay! Bringing about India’s Credit-UPI revolution. Pay With Credit, Scan With Kiwi.

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