Tundr Raises €7.2 Million to Simplify Corporate Welfare
Weekly Funding news up to Friday, 18th of April 2025.
WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
C2FO, a US-based working capital platform, has secured $30 million in funding to advance its technology and expand its global footprint in emerging markets.
The International Finance Corporation (IFC), part of the World Bank Group, joined existing shareholders in supporting the round.
🤝 M&As
MoneyLion stockholders approve acquisition by Gen Digital. The companies said in a statement that all regulatory approvals have been obtained, and the deal is slated to be completed. Once it goes through, MoneyLion will be a subsidiary of Gen Digital, and its common stock will no longer be listed on any markets.
Australian FinTech firm Findi completes $19m Bankit acquisition in India. Bankit’s network covers more than 12,000 pin codes, helping Findi strengthen its presence in India’s digital financial services market. The expansion is expected to improve financial inclusion across India by offering more services to underserved areas.
Banked acquired UK-based consumer payments app VibePay. Banked’s acquisition of VibePay will address a gap in the market by rewarding debit users who have been overlooked in traditional credit card ecosystems. VibePay connects people, brands, sellers, and banks with real-time messaging and instant payments.
Recharge leaps into B2B with UK Giftcloud acquisition. With Giftcloud, Recharge will be able to offer a broad range of services directly to business clients. It also marks a significant expansion of Recharge’s footprint in the UK. Continue reading
Pipe acquires Glean.ai to add spend management to a suite of embedded financial solutions. With this acquisition, Pipe becomes the first embedded finance company to bring together embedded capital and spend management for small businesses via its partners.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Coventry FinTech secures £2.6m in round backed by prominent investors.
⭐️ FinTech Tundr raises €7.2 million to simplify corporate welfare.
⭐️ Belvo raises $15M to boost open finance in Latin America.
⭐️ Total capital invested in FinTech for Q1 2025.
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🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
BBVA closes its first venture debt financing deal in the UK with Plum, for £15 million. This will help Plum expand its business and improve profitability with the company aiming to sharpen its customer offering and broaden its range of products
UK FinTech BKN301 with Italian roots closes £18.6M round to create a world without financial barriers. This funding will support BKN301’s international growth and enhance its BaaS Orchestrator platform, which offers core banking, payment processing, digital wallets, and other services for third-party integration.
EUROPE 🇪🇺
Polish FinTech startup BidFinance raises €1.6M in funding to revolutionize debt portfolio trading. The capital injection will enable BidFinance to further strengthen its position in the Polish market and accelerate its international expansion, revolutionizing the debt trading process.
USA 🇺🇸
Tapcheck raises $225 million in equity and debt funding to redefine payday for America’s Workforce. This infusion of capital will further strengthen its capacity to empower employees nationwide and alleviate financial pressure by granting access to earned wages ahead of traditional pay schedules.
ASIA
Indian FinTech unicorn Cred to raise $200m funding. The funding is intended to support Cred’s growth plans, which focus on profitability and a potential initial public offering (IPO) within the next two years. Read more
AFRICA
South African FinTech company Stitch has successfully secured an additional $55 million in funding, aimed at enhancing its comprehensive payment solutions for businesses throughout Africa. This strategic investment is poised to strengthen Stitch’s position within the continent’s rapidly evolving payments ecosystem, reflecting the growing demand for innovative financial technologies.
PayTic raises USD 4 million to expand across African markets. The funding will be used not only to scale the business in new African markets but also to strengthen the company’s technical capabilities in response to increasing demand for efficient payment systems.