At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up so you can get the latest funding news.
Egyptian investment platform Thndr secures $15.7m
Thndr, a Cairo-based investment platform, has landed a $15.7 million funding round led by Prosus.
The round, which brings the firm’s total capital raised to date to $37.7 million, also featured participation from BECO Capital, Endeavor Catalyst, JIMCO, Raba, Onsi Sawiris, and Y Combinator.
Founded in 2020, Thndr’s digital investment platform provides access to stocks, bonds, and investment funds throughout the Middle East region, and has grown to serve nearly 200,000 users across Egypt.
The cash injection has been earmarked to support Thndr’s regional expansion initiatives, specifically identifying the UAE and Saudi Arabia as “key priority markets” for growth.
Greenlite AI lands $15m Series A
Greenlite AI, a US-based agentic AI fintech, has bagged a $15 million Series A funding round led by Californian VC Greylock.
Headquartered in San Francisco, Greenlite AI’s solutions automate anti-money laundering (AML), sanctions screening, and know-your-customer (KYC) processes, while also offering analysis of customer websites and financial statements.
With a client list that includes Ramp, Betterment, and Grasshopper, Greenlite AI plans to use the new capital to develop additional agent archetypes, expand its workforce, and enhance its proprietary Trust Infrastructure.
The round was also contributed to by Canvas Prime, Thomson Reuters Ventures, Y Combinator, and the former CEO of Fannie Mae, Tim Mayopoulos.
Lendflow bags $15m investment from Trinity Capital
Lendflow, a Texas-based embedded credit infrastructure provider, has secured a $15 million investment from international alternative asset manager Trinity Capital.
Established in 2019, Lendflow offers low-code solutions for fintechs, lenders, and software companies to enable them to build and integrate credit products.
The investment from Trinity Capital will be used to power the further development of the company’s AI-driven data intelligence and automation platform.
Discussing this platform, Jon Fry, founder and CEO of Lendflow, states it gives customers the “control to configure their own partnerships, underwriting, decisioning, capital delivery, and now AI agents in one stack”.
Seeds raises $10m Series A
US fintech Seeds (formerly Seeds Investor) has secured a $10 million Series A funding round led by Portage.
Founded in 2019, Seeds offers a client onboarding and investment management platform that enables financial advisors to provide data-driven insights, create customised proposals, and build diversified portfolios.
The round, which increases the company’s total funding to $15 million, also included continued backing from Social Leverage and Blank Ventures.
Seeds plans to use the fresh capital to enhance its product capabilities, grow its workforce, and bolster its market presence following its recent rebranding.
Singapore’s CrediLinq secures $8.5m Series A
CrediLinq, a Singapore-based embedded finance platform, has landed an $8.5 million Series A funding round to accelerate its international expansion initiatives.
The investment round was led by OM/VC and MS&AD Ventures, with participation from returning investors Big Sky Capital, 500 Global, Epic Angels, and 1982 VC, alongside new backers Citi North America and Rustem Family Office.
Founded in 2021 and headed by Deep Singh, CrediLinq offers an AI-powered Credit-as-a-Service infrastructure that enables B2B platforms and financial institutions to develop and deploy financial products for their merchant customers.
The company says it plans to use the cash injection to “drive market expansion, strategic acquisitions, and partnerships”, with an initial focus on the US market before extending operations to the UK and Australia.
In addition, CrediLinq plans to strengthen its local presence in Singapore, hire senior leadership talent, and invest a “significant portion of the funds” toward enhancing its proprietary technology stack, the company says.
Penfold secures £3.9m investment round
UK-based digital pensions platform Penfold has bagged a £3.9 million investment round led by Gresham House Ventures (GHV).
Founded in 2018, Penfold offers a mobile-first app and a pension management platform which administers almost £700 million in assets.
According to a LinkedIn post from GHV, the capital will be used to “help grow Penfold’s presence in the UK SME and accountancy markets and enhance its pension app with new features”.
The round builds on Penfold’s £7 million Series A secured in 2022.
Source: https://www.fintechfutures.com/
