ICYMI fintech funding round-up: Moneyhub, Kredito, OneBanx and more
For our last weekly In Case You Missed It (ICYMI) funding round-up of the year, we bring to you some of the latest fintech companies across the world that have bagged funding.
UK-based open finance, open data and payments platform Moneyhub has secured an additional £15 million in funding from savings and retirement business Phoenix Group.
Moneyhub raises additional £15m
The fresh funding follows an initial £40 million investment in October from Legal & General, Lloyds Banking Group and Shawbrook Bank, bringing the total funding to £55 million.
The total investment will support the acceleration of the ongoing development of Moneyhub’s solutions and expedite the internationalisation of its scalable and border-agnostic technology.
Moneyhub currently has over 30 enterprise clients within financial services, retail, and telecoms including Aon, KPMG, Mercer, Nationwide Building Society, Samsung, and Vodafone.
Chilean fintech start-up Kredito has received $6 million in funding from angel investors and family offices, including Cornershop by Uber founders, Oskar Hjertonsson and Daniel Undurraga, and partners from real estate developer Patio, according to TechCrunch.
Founded in 2019 and based in Santiago, Kredito launched its platform in 2021 and raised $4 million in pre-seed funding.
The fintech helps small and medium-sized businesses (SMBs) gain access to working capital loans, manage finances, open a company account and get virtual cards.
With the new funding, Kredito plans on hiring, expanding to other countries and growing further in Chile.
UK fintech OneBanx has secured £1.28 million from 426 investors in a crowdfunding campaign on Crowdcube. The target was to raise £1.25 million at a pre-money valuation of £12.5 million.
Founded in 2019 with its headquarters in London and Scotland, OneBanx offers a shared infrastructure solution for UK banks to continue providing a physical presence in communities, helping people to continue to access cash, learn how to use digital solutions in person and ask questions about products and services.
OneBanx says it is a “low-cost” way for banks in the UK to meet the needs of their clients and communities, adding that the funds raised will be deployed towards nationwide expansion.
Aussie partner tech Software-as-a-Service (SaaS) start-up Aerotruth has raised A$1.3 million in an oversubscribed Seed round, led by Archangel Ventures.
Aerotruth raises funds
The round also saw participation from Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital and Unlock Capital.
The fresh funding will be used to accelerate the start-ups global expansion plans, and build on its current product offering.
Launched in May, Aerotruth speeds up and streamlines the B2B partnership process for fintechs, banks and other financial institutions. In addition to facilitating initial partnership introductions, Aerotruth simplifies the document exchange and communications process with the objective of “enabling customers to accelerate their pathway to revenue from partnerships”.
Aerotruth claims to have over 40 financial institutions on its platform, spread over 25 countries.
Manchester, UK-based fintech Nivo Solutions has secured £1 million investment from Maven Equity Finance. The investment comes alongside Barclays, who supported the round with additional investment.
The money will be used towards building its product, marketing, customer success and sales team, including the addition of a sales director to accelerate the business’ growth.
Nivo’s platform provides a verified identity messaging solution, which combines secure instant messaging with digital identification and verification.
It offers task management, e-signing, machine-learning based identity document scanning, facial recognition, document collection, open banking and no-code automation capabilities.
Nivo says its platform allows financial services businesses, their customers, and partners to gather data, documentation, evidence, and approvals in a “quicker, secure and more efficient” manner.
UK-based blockchain payments company, Centbee has raised $1 million in its pre-Series A round with entrepreneur Calvin Ayre, founder of Ayre Ventures.
Founded in 2017 and headquartered in London, Centbee is a digital cash wallet that makes it easy for global consumers to buy, spend and send digital cash to their friends and family on their mobile phones using the BSV blockchain.
Centbee says the fresh funding will be used for scaling and growth of the firm, as well as strengthening technical and operating capacity,
