Froda Raises €20m to Scale Embedded SME Finance Across Europe
Weekly Funding news up to Friday, 25th of April 2025.
WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its $52 million Series C funding round from its new office in Manhattan, New York.
This significant milestone further accelerates Alpaca’s global expansion and development of its industry-leading product offerings.
This round saw participation from new and returning investors, including Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures. The participation of returning investors underscores their continued confidence in Alpaca's vision and execution.
📊 INFOGRAPHIC
🤝 M&As
Banorte acquires RappiCard in $50M deal. “This transaction aligns with GFNorte’s digital strategy, which aims to boost profitability through cross-selling and hyper-personalization by leveraging technology and scale,” the bank stated. Read more
Payoneer enters China with Easylink payment acquisition. According to CEO John Caplan, the acquisition strengthens Payoneer’s global regulatory infrastructure and enhances its ability to serve customers with more localized and advanced products and services.
Octopus to get tentacles around Hammond-backed FinTech fund. One of Britain's leading venture capital investors is close to unveiling a deal to take over a nascent FinTech fund which counted Lord Hammond, the former chancellor, among its advisors.
Pointsharp acquires Vemendo to advance its growth strategy in Europe. Through this move, Pointsharp aims to improve its capabilities in the European IAM software market, as the synergy complements and strengthens the company’s offerings, further solidifying its position in the Nordics and beyond in Europe.
Capgemini acquires Delta Capita. Through this acquisition, Capgemini is addressing the critical industry need for integrated risk management and regulatory compliance solutions. This transaction, finalised on April 16, marks Capgemini’s second acquisition in the FCC sector in the past 18 months.
Clearwater Analytics finalizes $1.5 billion acquisition of Enfusion to deliver a unified cloud-native investment platform. This strategic combination positions Clearwater as the industry’s first single-instance, multi-tenant, cloud-native platform to unify front, middle, and back-office investment operations.
Feedzai acquires Demyst to break down data silos and accelerate risk decisions. This is part of Feedzai’s vision to unify data orchestration and risk management into a single platform, providing financial institutions with the real-time data, analytics, and trusted artificial intelligence they need to make the best possible risk decisions.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ AAZZUR integrates with Okoora.
⭐️ Froda raises €20m to scale embedded SME finance across Europe.
⭐️ Hokodo raises €10M to boost digital trade credit, backed by Korelya and Opera Tech.
⭐️ Aussie FinTech WeMoney Bags A$12 Million Series A Funding Backed by Mastercard.
🌎 REGIONAL HIGHLIGHTS
Deck raises $12M to ‘Plaid-ify’ any website using AI. Deck claims that it is building the infrastructure for user-permissioned data access across the entire internet. Its browser-based data agents “unlock” the data from any website through automation.
Salsa raises $20M to expand embedded payroll services across US and Canada. The new funding will support Salsa’s efforts to help software platform developers in all 50 U.S. states and Canada embed payroll features in their products that they didn’t previously have.
Houston FinTech FundThrough lands $25M Series B round, acquires lender to expand capabilities. With this investment, the company plans to accelerate its technology development and build partnerships to reach more businesses across North America.
ASIA
DPI acquires Egypt’s FinTech fund Nclude. Following the transaction, DPI took over the investment advisory responsibilities of the fund. The launch of DPI Venture Capital and the completion of the Nclude transaction anchors DPI’s position as the premier Africa-focused private investment adviser.
Astra FinTech launches $100M Solana ecosystem fund to accelerate innovation, building on its successful track record of supporting projects through initiatives like the Seoulana event. Astra FinTech’s expansion plans are strategically centered on Asia, with Korea serving as the regional hub.
UAE tech funding hits $872m, driven by late-stage deals. A total of US$872 million was raised, representing a 194% increase from US$297 million in the previous quarter and an 865% rise from US$90.5 million in Q1 2024. Keep reading
AUSTRALIA 🇦🇺
Australian Open Banking FinTech WeMoney secures $12 million in Series A, backed by Lance East Office and Mastercard. This investment will allow WeMoney not only to maintain leadership in Australia but also to assess prospects on a global stage.
AFRICA
Opera reports an investment in OPay to boost FinTech innovation in Africa. OPay, a privately held FinTech company, focuses on driving financial inclusion in emerging markets like Nigeria and Egypt through digital wallet services and payment solutions powered by AI and big data.