Banxware bags €10m UniCredit investment
Banxware, a Germany-based lending infrastructure provider, has landed a €10 million investment from Italian banking group UniCredit.
Founded in 2020, Banxware provides embedded lending solutions for small and medium-sized enterprises (SMEs), with its platform currently integrated across more than 40 digital marketplaces.
The capital injection will fund Banxware’s shift from a traditional structured finance model to what UniCredit describes as a “capital-light, highly scalable forward flow setup”. Funds will also support improvements to AI-underwriting, user experience, platform integration efficiency, and geographic expansion.
As part of the agreement, Banxware has formed a partnership with Aion and Vodeno, the Banking-as-a-Service (BaaS) providers acquired by UniCredit in July 2024 for €370 million. This collaboration aims to enhance the pair’s automated lending solutions available to small businesses.
Latin American fintech Kiwi secures $7.8m Series A
New York-based fintech Kiwi has secured $7.8 million in Series A funding to further develop its platform that helps Latino immigrants living in the US build credit history.
The round was co-led by Advent-Morro Equity Partners and LIP Ventures, with additional backing from Morro Ventures, Independent Capital, Invariantes Fund, Neer Venture Partners, and others.
Since its founding in 2020, Kiwi has expanded its customer base to more than 100,000 users, providing personal loans, credit-building tools, and monitoring services specifically designed for Latino consumers in the US.
CEO and co-founder Mariano Sanz shared on LinkedIn that the funding will “help us scale across the US, launch new products, and double down on AI to deliver truly personalised financial support”.
This Series A round builds upon Kiwi’s previous financing in 2023, which included a $4.5 million pre-Series A investment and a $75 million credit facility from i80 Group.
Danish start-up Franklin raises $1m
Copenhagen-based fintech Franklin has bagged $1 million (€900,000) in a funding round backed by existing investors and industry angels.
The Danish start-up provides e-commerce merchants with virtual Visa cards featuring €1 million spending limits and 0.5% cashback on all transactions. The cards are issued through a partnership with Nium.
Since launching in early 2024, Franklin reports growing its client base to nearly 100 customers and achieving €600,000 in annual recurring revenue (ARR).
This latest investment, which builds on approximately $400,000 previously raised, will support product development and team expansion, with the company currently advertising open positions for a full-stack engineer and business developer.
Payall Payment Systems lands new investment round led by Ventura Capital
Payall Payment Systems, a Florida-based fintech established in 2018, has secured a new investment round led by London venture capital firm Ventura Capital. The financial terms of the transaction were not disclosed.
The company positions itself as the developer of the first global banking infrastructure for cross-border payments. Payall’s platform facilitates multicurrency payment processing for financial institutions, as well as automating compliance procedures, risk management, and operational tasks.
Funds from this investment will be allocated to expand Payall’s sales team and enhance the company’s counterparty risk and compliance functions, including further development of its AI capabilities.
Payments firm Token.io lands HSBC as new investor
HSBC has made an undisclosed sum investment in UK-based paytech Token.io, as revealed during this week’s Money 20/20 conference in Amsterdam, further strengthening a partnership that began in 2019.
Founded in 2015, Token.io provides account-to-account (A2A) payment infrastructure for lenders and payment firms across the UK and Europe, with clients including Santander UK.
For the past five years, Token.io has powered HSBC’s Open Payments solution, which enables the bank’s customers to initiate direct bank payments from third-party platforms.
Todd Clyde, CEO of Token.io, stated that HSBC’s investment “will not only accelerate Token.io’s growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method”.
Source: https://www.fintechfutures.com/
