By Zoran Temelkov August 1st, 2022
The fintech industry continues to receive support from Venture Capital firms and investors to further develop their product offerings and expand their operations.
During the last ten days of July, multiple funding rounds have been completed by fintech companies and startups across the globe.
The overview of the selected funding series is shown in the following graph.
It can be seen that the US fintech Balance has raised the highest amount of capital through its Series B funding round. The company raised $56 million to further develop its B2B eCommerce payments for marketplaces and merchant products. The round was led by Forerunner with participation from Salesforce Ventures, Lightspeed Ventures, Hubspot Ventures, Gramercy Ventures, Lyra Ventures, Avid Ventures, Jibe, Upwest, Ribbit, Jeff Wisener, and Marcelo Cortes.
Crypto Snack, a DEX iGaming token, completed the second most valuable round with a $50 million investment commitment from GEM Digital Limited.
Dbank, a Pakistani-based digital banking startup, has completed the most valuable seed financing round, raising $17.6 million. The round was co-led by Sequoia Capital Southeast Asia and Kleiner Perkins. Nubank, Rayn, and Askari Bank also participated in the round.