Viva Finance Lands $220m to Expand Access to Credit Across the US
Weekly Funding news up to Friday, 18th of June 2025.
WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
Paddle, the leading Merchant of Record for digital product companies globally, has raised $25 million from CIBC Innovation Banking and noted a series of other strategic updates, including key executive hires and the opening of a new Austin office.
The funding will be used to support Paddle’s continued global expansion, accelerate growth, and drive rapid product development to further support its enterprise customers.
🤝 M&As
Rydoo acquires Semine to power next-gen finance automation across Europe. By combining market-leading expense management with fully automated AP workflows, Rydoo and Semine are building an end-to-end solution that delivers maximum efficiency, control, and strategic insight.
Crypto infrastructure giant Talos acquires Coin Metrics for more than $100 million. The acquisition reflects Talos’ ambitions to become a one-stop shop for institutional players looking to get into digital asset trading and portfolio management, with Coin Metrics a leader in supplying both on-chain and off-chain data.
FinTech Hourly merges with WeSure US at a $168M valuation and raises $10M more. Hourly will become a wholly owned subsidiary of WeSure Global Tech, and Hourly shareholders will receive, on a fully diluted basis, approximately 49% of its issued and outstanding share capital.
Coda accelerates global expansion with acquisition of European payments platform Recharge. The acquisition accelerates Coda's expansion beyond gaming and strengthens its ability to serve the broader digital content economy by extending its presence in Europe and building on its direct-to-consumer capabilities.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Viva Finance lands $220m to expand access to credit across the US.
⭐️ Proximity announces the closing of a Series C round of US$36m.
⭐️ Candex raises $33m.
⭐️ Index Ventures and Revolut's Storonsky back FinTech Spiko in $22m raise.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Wagestream swoops for pension technology provider Zippen to provide specialist knowledge in defined contribution pensions to FinTech, empowering frontline workers with financial wellbeing tools. Keep reading
yetipay raises £3.5M to expand its all-in-one payments platform. The funds will be used to continue the expansion of yetipay’s all-in-one payments platform and introduce new products to its growing base of independent and enterprise hospitality and retail customers.
EUROPE 🇪🇺
Ordio secures €12m to revolutionize payroll automation. With this new funding, Ordio will accelerate product development in AI-powered payroll and process automation, aiming to become the backbone of the real-world workforce. Read more
Paypercut lands €2 million pre-seed. Paypercut's BNPL Aggregator connects several underwriters in one place. Merchants integrate once, then either allow shoppers to choose their preferred BNPL provider at checkout or let an internal algorithm route the transaction.
USA 🇺🇸
Panacea Financial extends series B to $62m from Valar Ventures. The Company will use the capital to further expand its vertically integrated digital platform, which currently includes banking, lending, legal, and advisory services, and to accelerate the development of intelligent tools.
Former Coinbase exec raises $12.5 million for Dakota, a stablecoin-powered neobank. The injection of capital into Dakota, which uses stablecoins to move money between itself and its customers, is the latest bet from VCs on a company involved in one of the buzziest sectors of crypto.
Retirable raises $10M for smarter retirements. With the new funding, Retirable plans to expand its internal adviser team and introduce additional products to better manage retirees' financial and medical needs. Read more
LATAM
Mexican FinTech Mango lands $3m funding round led by Ironspring Ventures to fix construction’s cash flow crisis in Latin America. The funds will be used to deploy structured credit, expand its contractor and supplier network nationwide, and strengthen its internal teams in finance, engineering, and risk.
Addi secures $35M financing deal from BBVA Spark. Addi will use the funds to strengthen its product offering in Colombia. Addi is a BNPL that enables consumers, especially those without access to traditional credit, to split purchases into installments in both physical and online stores.
ASIA
PALM successfully closes a 7-figure Pre-Seed round led by 4DX Ventures to revolutionize savings. With the new funding, PALM will focus on accelerating user acquisition, expanding its product use cases, and strengthening its network of strategic partners.
Heka raises $14m to bring real-time identity intelligence to financial institutions. The Heka’s milestone will help banks and lenders find fraud more easily, streamline compliance, and make decisions based on identity more quickly, all with more confidence and automation.
FinTech firm PayU India raises Rs 302 crore from Prosus arm. “This fundraiser is to fuel the growth of our credit business, which is expected to break even by September,” a PayU India spokesperson told Inc42. “It also reflects Prosus’ confidence in our growth trajectory and our path to profitability.”
FinTech firm Infibeam raises $84.3M in oversubscribed rights issue. It has completed its 700 crore rupees (US$84.3 million) rights issue, which was oversubscribed by 1.4 times. Eligible shareholders were allowed to buy four new shares for every existing share for 10 rupees (US$0.12) each.