Fix it for me…
From financial wellness to rent-now-pay-later apps and everything in between, startups fixing ‘human’ problems are winning BIG when it comes to funding. Our societal shift toward transparency and control opens up opportunities for startups to add consumers and institutions to their Rolodex of customers.
Financial institutions must rely on third-party solutions, a paradigm shift as the race toward fixing problems continues…
Some notable trends this week…
- Deals are back in triple and double-digit millions
- A few seeds and debt funding
- Familiar VC names (banks) opening their checkbooks
Up next are this week’s top 5 VC deals…
1Rain
$300M, Capital| Debt | CA | Wealthtech | Clear Haven Capital Management | https://www.rainapp.com/
LinkedIn Overview:
“Rain provides employers a benefit that can be offered to employees to access their earned wages. This benefit has already been rolled out to hundreds of companies located world-wide…”
2Pagaya
$280M, Capital| Debt | NYC | Fintech | BlackRock, UBS O’Connor, JPMorgan Chase, Valley Bank, Israel Discount Bank | https://pagaya.com/
LinkedIn Overview:
“Pagaya is a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network.“
3ID Finance
$150M, Capital | Equity| Spain | Wealthtech | i80 Group | https://idfinance.com/
LinkedIn Description:
“We are a leading fintech in Europe and Latin America. Our main offering is focused on providing finance solutions to retail customers…“
4Nasdaq Private Market
$62.6M, Series B, Capital| Equity | NYC | Capital Markets | Allen & Company, Citi, Goldman Sachs, BNP Paribas, DRW Venture Capital, UBS, Wells Fargo | https://www.nasdaqprivatemarket.com/
LinkedIn Description:
“Nasdaq Private Market (NPM) is a mission-driven independent company…“
5Pennylane
$42M, Series C, Capital |Equity | France | Fintech | DST Global, Sequoia Capital | https://www.pennylane.com/fr/
LinkedIn Description:
“Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial and accounting data…”
