Atomic Raises $10 Million to Boost Innovation and Expansion
Weekly Funding news up to Friday, 4th of April 2025.
WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
Financial connectivity FinTech Atomic is the latest FinTech basking in this year’s FinTech spring. The Utah-based company announced it has raised $10 million, adding to its $68.6 million previously raised, bringing its total funding to almost $79 million.
The strategic round comes from Capital One Ventures, Citi Ventures, and FNB Corporation, which join Atomic’s previous investors Greylock, Portage Ventures, ATX Venture Partners, Mercato Partners, and Core Innovation Capital.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Ayan Capital raises £25 million in Shariah debt.
⭐️ Infinity Fincorp secures $40M in extended Series A round led by Beams FinTech.
⭐️ Abound’s $1bn deal is the only bright spot as UK FinTech funding halved in 2024.
⭐️ Over $1bn raised across 16 FinTech deals last week.
Subscribe to my Spanish Daily FinTech Newsletter for daily updates and analysis on the evolving world of financial technology—entirely in Spanish. Join now and stay in the loop!
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Revolut’s valuation has been upgraded by one of its best-known shareholders, implying a rise to $𝟰𝟴𝗯𝗻. The upgrade by Schroders Capital Global Innovation Trust plc, an investment trust managed by Schroders, is an 85% jump compared to the valuation it gave London fintech a year ago.
Black-founded unicorn Zepz grabs $165M and continues challenging PayPal and Western Union. Through its brands, WorldRemit and Sendwave, it serves over 9 million users across more than 4,600 remittance corridors globally. The company intends to use the funds to enhance customer experience and expand services.
IG Group Holdings acquires Freetrade. expressed excitement about joining an organization that shares the company's ambition and vision. With IG's resources, Freetrade plans to fast-track the rollout of new products and features for the benefit of customers and accelerate its growth strategy.
EUROPE 🇪🇺
Spain’s FinTech firm Wannme raises €7M to speed up payments for marketplace sellers. This funding will support Wannme in offering instant payment advances to marketplace sellers, enabling them to receive earnings daily instead of after more than 14 days due to marketplace rules.
WeeFin raises €25M for ESG data management platform. The company will use this investment to further enhance its products. WeeFin plans to continue its expansion across Europe by entering new markets. It has new clients in Luxembourg and Italy and has opened its UK office.
USA 🇺🇸
Sam Green’s Cambrian secures $5.9M to revolutionize AI-powered finance. Green is taking a major step forward with his latest venture, Cambrian. With this funding, Cambrian is poised to lead the agentic finance revolution, empowering AI to navigate complex markets with certainty and efficiency.
LATAM
YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B. Mendel’s mission is straightforward: to reinvent corporate spend management by automating most of the operations for an enterprise CFO that are currently done manually. Simply put, it aims to be the go-to for all B2B spending.
ASIA
Indian FinTech startup axiTrust nets $2.6m seed funding. The company plans to integrate its platform with MSME systems for real-time insights and automation, and will use the new funds for hiring, app development, and marketing.
Indian investment tech startup Smallcase bags $50m series D. The Bengaluru-based company plans to use the funds to diversify its investment product offerings, including mutual funds and fixed income. It also aims to enhance partnerships with financial institutions for broader integration.
Kazakhstan proposes the creation of a crypto bank. The lack of crypto regulation is enabling illegal exchanges and tax evasion, according to lawmaker Azat Peruashev. The aim is to provide a legal exchange and custody platform for digital assets.
Welsh FinTech Target Group has been acquired in a £112m deal. Indian giant Tech Mahindra has completed a deal for 100% of the shares in the Newport headquartered firm. The acquisition will help it to automate end-to-end processes in the lending, investments, and insurance markets.
AUSTRALIA 🇦🇺
Fat Zebra acquires SecurePay from Australia Post, its third acquisition in 14 months. This acquisition further accelerates Fat Zebra’s ability to provide a comprehensive suite of payment solutions, spanning enterprise, platform, and SMB segments.