Top 5 VC Deals of the Week in Fintech (3/11/24)

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

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Just say “AI”…

2024 is the year of AI, a year for startups to dabble in it and VCs to fund it as the world buzzes over it. The mention of AI makes a startup more desirable to VCs, resulting in an upward tick in funding. The numbers are in, and AI has captured almost one-fifth of all VC capital so far this year.

“Still, there are many concerns in venture capital circles that AI is the next bubble, as companies in this sector continue to raise massive rounds in quick succession and at huge valuations.

However, if spending on software increases as companies see productivity gains from AI, the sector will expand in value.” – Crunchbase

Some notable trends this week…

  • A slow week for deals- mostly single-digit deals.
  • Banks continue to make bets on startups.
  • The U.S. VCs continue to go global

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


1Axonius

$200M, Series E, Capital| Equity | NYC| Fintech | Lightspeed, Accel | https://www.axonius.com/

LinkedIn Overview:

“Axonius gives customers the confidence to control complexity by mitigating threats, navigating risk, automating response actions, and informing business-level strategy. With solutions for both cyber asset attack surface management (CAASM) and SaaS management...”

2IO Research

$30M, Series A, Capital| Equity | Solana | Blockchain | Hack VC, Multicoin Capital, 6th Man Ventures, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, The Sandbox | https://io.net/

LinkedIn Overview:

io.net enables the development, execution, and scaling of ML applications on the Solana Blockchain, Putting together 1 million GPUs to form the world’s largest GPU colony & DePIN.

3Argyle

$30M, Series C, Capital | Equity| NY | Payments | Rockefeller Capital Management, Bain Capital Ventures, SignalFire, Checkr | https://argyle.com/

LinkedIn Description:

Argyle is the payroll connectivity platform for modern financial services. We provide fast, cost-effective, consumer-permissioned access to the most trusted network for real-time income and employment data...

4Yuno

$25M, Series A, Capital| Equity | Colombia | Payments | Andreessen Horowitz, Tiger Global, Kaszek Ventures, Monashees | https://www.y.uno/

Website Description:

“uno incorporates global payment integrations, a customizable checkout, and a powerful software suite for multinational payments…

5MoeGo

$24M, Series A, Capital |Equity | CA | Payments | Base10 Partners, Digitalis Ventures, Conductive Ventures, Uphonest Capital | https://www.moego.pet/

LinkedIn Description:

“We believe we can contribute to the industry progress by empowering everyone in the pet community. We strive to build the most trustful, impactful, yet simple-to-use solutions for everyone in the pet industry…”

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