Banking Infrastructure

Masa Finance, a hybrid credit protocol that links traditional financial accounts and assets to crypto holdings to provide a credit report, has come out of stealth and closed a pre-seed funding round of $3.5m.

Ondo Finance, which is building a decentralised investment bank, has raised $20m in Series A funding to accelerate the adoption of DeFi among mainstream investors.

Cogni, digital banking platform aimed at enhancing consumer lifestyles, has raised $23m in Series A funding.

Copper, a US bank which set out to become teens’ bank account of choice, has raised $29m in Series A funding.

Canada-based OneVest, an embedded wealth management platform, has collected CAD 5m ($3.8m) in a venture funding round.

Education FinTech startup Financepeer has raised $31m in Series B funding to fuel its mission of bringing quality and accessible education across India.

British digital bank Starling Bank has completed an internal fundraise of £130.5m at a pre-money valuation of more than £2.5 billion.

Estonian FinTech company Modular Technologies OÜ (Tuum) has raised €1m in a funding round that was backed by AS LHV Group.

Zenda, a UAE-based FinTech focusses on family finance management, has raised $9.4m in seed funding.

Ellis Technologies, which is on a mission to help international students in the US set up a bank account and other services, has raised $5.6m in seed funding.