Infrastructure & Enterprise Software

UK-based digital banking solution Meniga closed a ?10m investment round to boost and meet the escalating demand for its sustainable financial products.

FinTech firm Plaid unveiled the first cohort of startups in its new accelerator program, FinRise.

V?rtx, an infrastructure platform for the financial market, has scored $35m in its Series B round, which was led by FTV Capital.

Melbourne-based cross-border FinTech Airwallex raised another $100m in an extension to its Series D round.

Trace, which claims to be the first service desk for finance, has closed a funding round on $8.3m from Greylock and Uncork Capital.

True Balance scored $10m in debt funding for its non banking financial firm, True Credits.

San Francisco-based FinTech Plaid, co-founded by Zach Perret and William Hockey, is raising $600m in new funding and will reportedly be valued at as much as $15bn, according to The Information.

Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.

Crypto infrastructure provider Fireblocks has raised $133m to fuel its efforts towards providing traditional banks and FinTechs with digital asset custody, transfer and settlement infrastructure.

Nigeria-based challenger bank Kuda Bank hauled in a $25m Series A round to boost its banking services for Africans.