Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
Two weeks into May and there have already been a handful of fintech fundraising rounds for a collection of the sector’s up and coming companies.
Vivid Money
German fintech Vivid Money raised the pick of the bunch
German start-up Vivid Money has raised $73 million in a Series B funding round led by Greenoaks.
Existing investor Ribbit Capital helped the raise over the line, which brings Vivid’s valuation to around $436 million.
Vivid is built on top of architecture provided by solarisbank. It offers a German IBAN, metallic card, and app-based account controls.
The app plans to be a one-stop shop for users across the Eurozone, and includes retail investing, fractional shares, and foreign exchange.
a55
Latin American fintech, a55, has raised $35 million in debt and equity investment.
The firm, which offers lending to small and medium-sized enterprises (SMEs), plans to bolster its presence in Mexico and Brazil.
A55’s technology solutions include a credit monitoring dashboard, insights section, an integrated cash flow covenant management system, and escrow and revenue split tools.
Its investors include Accial Capital, an investor in loan portfolios in emerging markets, E3 Negócios, and Mouro Capital.
Amartha
Amartha, an Indonesian peer-to-peer (P2P) lending platform, has landed $28 million in new funding from Women’s World Banking Capital Partners II (WWB) and MDI Ventures.
WWB Capital Partners II is a gender lens investment fund. It aims to close the gender gap by investing in providers that can help serve low-income women.
Amartha and WWB are set to collaborate in “several projects” aimed at underserved communities in rural areas of Indonesia.
“By partnering with WWB, we will be able to adopt world best practices where women can benefit from technology to empower themselves,” says Hadi Wenas, chief commercial offer at the lendtech.
Expensya
In France, spend management firm Expensya finalised a $20 million raise. New investors are MAIF Avenir and Silicon Badia. They were joined by existing backers ISAI and Seventure.
Expensya offers a business spend management automation solution, designed to be an “end-to-end” solution. It claims around 5,000 companies as its users, spread across 100 countries.
Expensya originates from Tunisia. It was founded in 2014 by Karim Jounini and Jihed Othmani.
The firm says it will use the new funding to accelerate its international expansion, and its presence across Europe.
Related: ICYMI funding round-up – Okra, Yatta, Graviti & more
