Top 5 VC Deals of the Week in Fintech (12/26/23)

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

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It’s not over…until someone sings.

As we round out 2023, what’s clear is that the VCs are still seeking to invest, demonstrating optimism for the New Year. Of interest is the number of banks seeking to get in on the action (payments deals), replacing old systems with modern-day solutions with no borders. 

The last week before the holidays has proven that the startups are a viable investment, and VCs are still willing to fund a good idea, regardless of where they are domiciled.

Some notable trends this week:

  • Payments were hot
  • Banks get in on the payment action
  • A solid week of funding

Up next are this week’s top 5 VC deals…


1Tabby

$750 million, Series D+, Capital| Equity & Debt | Saudi Arabia | Payments | JPMorgan, Hassana Investment Company, Soros Capital Management, Saudi Venture Capital | https://tabby.ai/en-AE

LinkedIn Overview:

“Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. +10 million users choose Tabby to stay in control of their spending and make the most out of their money…

2Tamara

$340 million, Series C, Capital| Equity & Debt | Saudi Arabia | Payments | SNB Capital, Sanabil Investments, Shorooq Partners, Pinnacle Capital, Impulse, Checkout.com| https://tamara.co/en

LinkedIn Overview:

Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay, and bank…

3Vestwell

$125M, Series D, Capital | Equity| NYC | Wealthtech | Lightspeed Venture Partners, Fin Capital, Primary Venture Partners, FinTech Collective, Blue Owl, HarbourVest | https://www.vestwell.com/

LinkedIn Description:

“Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country. We’re helping to close the savings gap by offering flexible, cost-effective, modern solutions to save for the critical aspects of life – retirement, education, and healthcare…

4Vitt

$16M, Capital| Equity & Debt | UK | Payments | Better Tomorrow, Speedinvest, Max Tayenthal | https://vitt.sh/

LinkedIn Description:

Vitt helps you put your idle cash to work with Money Market Funds from Goldman Sachs Asset Management custodied with an FCA-regulated custodian (no counterparty risk to Vitt). As with all investing, your capital is at risk.

5Smarpricing

$14.2M, Capital |Equity & Debt | Italy | Payments | Partech, Techshop, Azimut Digital Fund | https://www.smartpricing.it/en

LinkedIn Description:

“Smartpricing is a Revenue Management System that has been developed to grow the revenue of your Hotel.

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