May VC dollars bring June unicorns (maybe)…….
Well, that didn’t QUITE translate (or rhyme) like “April Showers bring May Flowers”, but hopefully you got the point!
The first week of May delivered strong momentum in fintech and digital wealth funding, with investments focused on B2B trade infrastructure, global payments, wealth management, and sector-specific financial tools. From London to San Francisco to rural Iowa, investors are backing platforms modernizing financial connectivity across industries.
Interestingly, as we personally surveyed the prior week’s deals, we observed that SO MUCH VC money is going into the healthcare sector present (and in such a variety of types of investments) – and as we’ve noted before – we saw nowhere near as much in fintech as in prior years. HOWEVER, we did manage to find some sizeable deals and they are noted below.
Key developments from this week’s funding activity…
- Global Payments and Trade Infrastructure in Focus – Nuvo ($45M) and Navro ($41M) led the week, reflecting a growing appetite for platforms that streamline international business and commerce.
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Wealth and Compliance Tech Attract Mid-Stage Rounds – Zoe ($29.6M) and Kintsugi ($18M) underscore demand for platforms that digitize investment access and automate regulatory burdens like tax compliance.
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Specialized Financial Platforms Are Gaining Traction – Niche platforms like Growers Edge ($25M) and Trek Health ($11M) show that industry-specific fintech is thriving, especially in agriculture and mental health.
1Top 5 Funded Deals (April 29 – May 5, 2025):
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Nuvo
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Location: San Francisco, CA
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Description: Nuvo operates a network designed to accelerate modern B2B trade by streamlining transaction workflows and enabling faster cross-business payments.
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Funding Amount: $45M
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Funding Round: Funding round not specified
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Navro
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Location: London, UK
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Description: Navro is a fintech platform improving international payments for businesses by simplifying currency exchange and cross-border transfers.
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Funding Amount: $41M USD (converted from GBP)
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Funding Round: Series B
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Zoe
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Location: New York City, NY
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Description: Zoe is a digital wealth platform that connects high-quality registered investment advisors (RIAs) with investors seeking personalized financial planning.
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Funding Amount: $29.6M
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Funding Round: Series B
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Growers Edge
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Location: Johnston, IA
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Description: Growers Edge offers financial products and data-driven tools to help ag retailers, manufacturers, and lenders support farmers with customized credit and risk solutions.
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Funding Amount: $25M
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Funding Round: Funding round not specified
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Kintsugi
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Location: San Francisco, CA
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Description: Kintsugi is a compliance platform that automates sales tax obligations for e-commerce and SaaS businesses, reducing risk and manual effort.
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Funding Amount: $18M
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Funding Round: Funding round not specified
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This post was written by DWN staff with the assistance of ChatGPT, utilizing data from FinSMEs
