Top 5 VC Deals of the Week in Fintech (6/11/24)

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

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A new player emerges…

This week, the finance industry weighed in on the newest player in the game—the Texas Stock Exchange (this week’s #1), a fully electronic national securities exchange independent of the NYSE and Nasdaq.

“TXSE will be a “fully electronic national securities exchange” that seeks to expand access to U.S. capital markets “for all investors while providing greater access and alignment for public companies and those seeking access to public capital,” according to the press release. – CBS News

Heck, why not. 

Some notable trends this week…

  • Blockchain startups took home significant funding.
  • Familiar funders from the banking sector
  • U.S. startups from all corners of the country are making the board (Silicon isn’t the only place it’s happening).

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


1Texas Stock Exchange

$120M, Capital| Equity | Texas | Capital Markets | BlackRock, Citadel Securities | https://www.txse.com/

LinkedIn Overview:

“The Texas Stock Exchange will focus on enabling U.S. and global companies to access U.S. equity capital markets and will provide a venue to trade and list public companies and the growing universe of exchange-traded products…

2Nium

$50M, Series E, Capital| Equity | SF | Payments | BOND, NewView Capital, Tribe Capital | https://www.nium.com/

LinkedIn Description:

Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today…

3Avail

$43M, Series A, Capital | Equity | Modular Blockchain Project | Peter Thiel’s Founders Fund, Dragonfly, Cyber Fund, SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, Alliance, Hashkey Capital | https://www.availproject.org/

LinkedIn Description:

The unification layer for web3. Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way.

4M^O

$35M, Series A, Capital | Equity | Germany| Blockchain | Bain Capital Crypto, Galaxy Ventures, Wintermute Ventures, GSR, Caladan, SCB 10X  |

X Description:

“MO is a decentralised cryptocurrency and blockchain infrastructure designed for everyone”

5HYPR

$35M, Series C, Capital |Equity | NYC | Fintech | Advent International, Wiz, Cyware, RRE Ventures, .406 Ventures, Boldstart, Top Tier Capital, MESH, Alumni Ventures Group, Allen & Co, Samsung NEXT, Mastercard | https://www.hypr.com/

LinkedIn Description:

“HYPR is on a mission to improve the lives of security-minded leaders, their employees and customers by helping organizations create trust in the identity lifecycle…”

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