Syfe Extends Series C With Extra $80M, Boosting its Valuation
Weekly Funding news up to Friday, 6th of June 2025.
WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
Digital wealth platform Syfe announced that it has raised US$80 million in its Series C funding round.
This amount includes a new US$53 million all-equity C2 tranche, which follows a US$27 million C1 raise in August 2024.
The company stated the C2 funding came at an increased valuation. This latest round brings Syfe’s total funding to US$132 million.
🤝 M&As
KCB and Access Bank Plc complete National Bank of Kenya sale. Officials from KCB Group stated that the firm will work with Access Bank to ensure an optimal handover and operational transition, while collaborating on customary transaction closure processes.
Crypto prime broker FalconX takes majority stake in Hedge Fund Monarq. The privately held company views the investment as an opportunity to expand its institutional client base beyond hedge funds, proprietary trading firms, and asset managers.
Zest snapped up by Finnish FinTech Epassi Group. Epassi said the move supports its vision to be the leading European tech platform for the employee benefits and engagement ecosystem. Zest complements the company’s existing operations in the UK and will significantly expand the product suite available to existing and new customers in the UK and Europe.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Moniepoint Secures Approval for 78% Stake Acquisition, Marking Kenya Market Entry.
⭐️ Carlyle invests in SurePay through its USD 3.2 bln CETP V fund.
⭐️ FinTech Ovanti raises $1 million via two-tranche placement.
⭐️ Danish e-commerce FinTech Franklin raises $1 million.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Salad Money secures £2M investment to expand affordable lending. The infusion of capital aims to address the growing demand for affordable, mid-cost loans, offering a lifeline to workers who are often excluded from mainstream credit options.
London-based Quanted raises new funding to improve data validation in finance. The capital will be used to expand Quanted’s engineering team and to support the ongoing rollout of its product. Continue reading
EUROPE 🇪🇺
Brussels-based FinTech startup Husk raises €1 million to help startups optimise costs and manage their cash flow. This included support from the international accelerator programme Techstars, investment funds Birdhouse Ventures, NewSchool.vc, and experienced business angels.
Madrid-based Payflow raises €10 million to expand its earned wage access platform across Europe and Latin America. The company looks to be a market leader in Spain and LatAm, with over 1.000 clients and 11 out of the 60 largest employers in Spain, and is currently expanding internationally across Europe.
Scalable Capital, a BlackRock-backed FinTech, raises funds to be ‘European Charles Schwab’. Some of the new capital will be directed towards expanding operations in growth markets such as France and Italy, while the largest chunk will remain on our balance sheet as a buffer to support future growth.
Banxware secures €10 million from UniCredit and Partners with Aion and Vodeno. Under this arrangement, Banxware’s bank partner will assume full ownership of the loan book generated through Banxware’s embedded lending platform partnerships.
Utrecht-based FinTech startup SurePay secures growth investment. It will use the fresh funding to further expand its payment verification and fraud prevention solutions and to broaden its geographic presence across Europe and beyond, also to support the company’s goal to continue serving its blue-chip customers effectively.
USA 🇺🇸
Uplinq secures $10 million Series A to revolutionize AI-powered bookkeeping and tax solutions for SMBs. This infusion of capital will accelerate Uplinq's growth, enhance its AI capabilities, scale customer acquisition efforts, and strengthen infrastructure to deliver seamless, automated financial management.
Rillet raises $25M Series A led by Sequoia Capital to reinvent the general ledger with AI. The funding comes just ten months after the company emerged from stealth with the ambition to rebuild the general ledger from the ground up using artificial intelligence.
Cantor Fitzgerald acquires UBS’s O’Connor Alternatives Platform in strategic expansion. By integrating O’Connor’s portfolio, Cantor Fitzgerald aims to enhance its presence in the competitive alternatives market, catering to institutional and high-net-worth clients seeking diversified investment opportunities.
Limited raises $7M in Seed Funding. The company intends to use the funds to expand operations and its development efforts. The platform enables businesses and individuals to access global payment rails while maintaining complete control of their funds.
Robinhood’s $200 million Bitstamp deal takes it beyond retail trading. Bitstamp gives Robinhood over 50 global crypto licenses, a ready-made institutional client base, and new infrastructure for lending, staking, and crypto-as-a-service. It plans to keep Bitstamp’s operations intact for now, using the exchange for smart order routing and expanding its presence across Europe, the UK, and Asia.
OatFi nabs $24M for embedded B2B credit. This investment aims to enhance OatFi's platform, which integrates underwriting, origination, and funding capabilities directly into B2B payment platforms' accounts payable, accounts receivable, and commercial charge card workflows.
Palla raises $14.5M Series A to expand payments platform. The platform will use the funding to expand its existing payment corridors and open new ones, both for sending and receiving transfers. It also aims to launch new products and money-movement solutions.
CANADA 🇨🇦
FISPAN raises $30m Series B to accelerate embedded banking innovation for mid-market businesses. This new capital will accelerate FISPAN's mission of seamlessly integrating banking services directly into businesses' enterprise resource planning (ERP) systems and accounting software.
LATAM
Uruguay’s DLocal agrees to buy AZA Finance in Africa Push. The transaction, which is subject to regulatory approval, was announced in a statement. The deal is valued at about $150 million. Keep reading
Tether invests in Chilean Crypto Exchange Orionx to drive Latin American adoption. Joel Vainstein, Orionx's CEO, said that the collaboration marks a turning point in the company's B2B vision and that it will produce more cost-efficient solutions for payment collection, distribution, and treasury management.
ASIA
Indian FinTech startup Spense raises $1.85m pre-seed funding. The startup plans to use the new funding to onboard more banks and strengthen its FinTech partnerships. It also plans to enhance its technology offerings to support additional use cases beyond credit cards.
Nomupay has raised $40 million and entered into a partnership with Japanese payments solution firm SB Payment Service (SBPS). The deal is at a valuation of $290 million. The investment solidifies Nomupay’s intention to become the number one payment platform in Asia.
Stable Money raises $20M in series B led by Nilekani’s Fundamentum. The company plans to use the fresh capital to expand its product suite, deepen its partner bank and NBFC network, and scale its distribution, particularly in Tier II and Tier III towns.
PIF-backed D360 bank eyes global investors for Series A round. The funding will support the bank’s efforts to expand services to small and medium enterprises, aligning with the Kingdom’s broader economic diversification strategy under Vision 2030.
RegTech secures $12 million deal in Turkey. The company secured a deal with top-tier Turkish banks and financial institutions, paving the way for what many investors now predict will be the next billion-dollar unicorn in the RegTech space.