Top 5 VC Deals of the Week in Fintech (10/9/24)

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

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About those valuations…

In finance, determining net worth is based on numerous factors such as balance sheets, P&L statements, bank records, credit reports, etc. However, some don’t seem to use the same formulas; instead, they rely on information that isn’t always, shall we say, actual.

CB Insights tracks ‘unicorns’ valued at $1B or greater, but their tracker shows 85% of them are fake (unicorns, we assume). These are companies that chased the $1 billion valuation mark cuz it was:

    1. A status symbol
    2. Viewed as a way to recruit great talent
    3. Easy to get

CB Insights

Make no mistake: when the fire sale begins, it will impact deal activity.

Notable trends this week…

  • A bad week for deals
  • Taking more VCs to get the job done
  • Foreign outpacing domestic deals

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


1Koho

$140.3M, Capital | Equity & Debt | Canada | Payments | PROPELR Growth, Rockefeller Capital, Drive Capital, TTV, BDC | https://www.koho.ca/

LinkedIn Overview:

We want Canadians to be able to travel more, retire sooner, and live more balanced lives. With an app and a reloadable card, KOHO is a totally new approach to spending and saving…

2Carmoola

£100 million, Capital| Equity | UK | Fintech | NatWest |  https://www.carmoola.co.uk/

LinkedIn Overview:

“A game changing way to pay for your next car in minutes! Take control of your car finance through the Carmoola app...

3Rogo

$18.5M, Series A, Capital | Equity| NYC | Fintech | Khosla Ventures, AltCapital, Original Capital, Mantis VC, AlleyCorp, BoxGroup, | https://rogo.ai/

LinkedIn Description:

“Generative AI for Finance.

4SecondLive

$12M, Capital| Equity  | UK | Blockchain | Crypto.com, Spark Digital, MetaEstate, TAISU Ventures, NewTribe Capital, BitValue Capital | https://secondlive.world/

Description courtesy of Crypto.news :

“SecondLive is a metaverse platform that lets users create their own avatars.”

5RD Technologies

$7.1M, Series A1, Capital | Equity | Hong Kong | Fintech | HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, Upward Capital, ZhongAn Digital Asset, HashKey Group, Dragonfly, Bright Venture, Eminent Vision | https://www.rd.group/

LinkedIn Description:

“RD Technologies deploys innovative fintech to build a business world interconnected by trust…”

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