Funding Rounds

Salad Money, a social purpose FinTech, has scored £40m from a senior debt facility with a US-based credit fund.

As 2023 enters its second month, investments in FinTechs are once again on the up – with FinTech Global reporting on 34 funding rounds this week.

Pet care app Fluffy, which helps owners find insurance for their furry friends, has reportedly raised $450,000 in its pre-seed round.

Mexican FinTech startup Minu, which offers an employee wellness service, has raised $30m in funding to support the development of gamified features.

Vertical Insure, an embedded insurance platform for platforms, has raised $2m in additional funding, bringing its total seed round to $6m.

ShopUp, a Bangladeshi B2B commerce platform, has netted $30m in debt financing to build supply chain infrastructure and expand services to SMBs.

UK-based FinTech Stubben Edge Group has raised £5.6m in an oversubscribed funding round on its mission to help brokers and Independent Financial Advisors (IFAs) digitise their businesses.

Small business lender iwoca has increased its funding line from Pollen Street Capital to £125m.

Wink, a US-based biometric identity and payments platform, has received an additional $3m of seed investment.

Archimedes, which claims to be a one-of-a-kind lending and borrowing marketplace that utilises NFTs, has raised $4.9m in its seed round.