Accounting

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Early stage business tech investor Rally Ventures has hit a $250m final close for its fourth flagship fundraise.

Newly launched FinTech platform Stanhope Financial Group has bagged $3.5m in funding to support the release of its banking services for small and medium enterprises (SMEs).

RegTech and accounting app Osome has netted $3m in a new funding round.

What do the 30 FinTech funding rounds from last week tell us about the state of the industry?

Spend management platform for SMEs Spendesk has closed an additional $18m to its Series B round, brining the round total to $56m.

Chargebee, a subscription billing and revenue solution, has scored $55m in its Series F round.

Global payables automation company Tipalti has extended its valuation to 2bn, following the close of a $280m funding round.

Payroll and payment company Papaya Global has closed its latest funding round on $40m to support the launch of new products.

Collective, an online back-office platform aimed at the self-employed, has scored $8.65m in a funding round led by General Catalyst and QED Investors.