US fintech funding round-up: StellarFi, Stratyfy, Beam and more
This week’s handy Friday funding round-up includes seven US-based fintech start-ups: StellarFi, Stratyfy, Beam, Presta, FinGoal, EverC and Salt Labs.
StellarFi raises $15m
Texas-based fintech firm StellarFi has raised $15 million in a Series A funding round led by Acrew Capital.
The round also saw participation from Trust Ventures, ATX Venture Partners, Dream Ventures, Interplay, Accomplice Ventures, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed and Kapital Ventures.
Founded in 2021, StellarFi provides credit-building tools for bill payers in order to help them improve their credit standing and reach their financial goals.
The company will use the money to grow its team and secure new partnerships with financial institutions.
New York-based Salt Labs, a new loyalty and payments technology company, has raised $10 million in pre-seed funding from Fin Capital, with participation from Anthem Venture Partners and other investors.
The start-up aims to tackle the wealth gap disparity for hourly and frontline workers with an app that allows users to build rewards for each hour worked. An initial product launch is planned for next month.
Salt Labs’ founding team includes DailyPay co-founders Jason Lee and Rob Law.
New York-based fintech Stratyfy has raised $10 million in a funding round co-led by Truist Ventures and Zeal Capital Partners.
The round also featured participation from investors such as Mendon Venture Partners, The 98, FIS and serial entrepreneur Barry Glick.
Founded in 2016, Stratyfy works with financial institutions to implement AI and machine learning solutions to automate credit risk assessment, fraud detection and other tasks.
The funding will be used to build products that solve challenges financial institutions face when adopting AI-led decision-making, the firm says.
San Francisco-based fintech start-up Beam has secured $4 million in a seed funding round led by Accel, with Susa Ventures and Wischoff Ventures also taking part along with a number of angel investors.
Founded in 2022, Beam allows contractors to send invoices and pay bills online with speed and accuracy, without the hassle of spreadsheets, paperwork and putting in hours of manual data entry.
Presta raises $3.3m
New York-based digital lending platform Presta has bagged $3.3 million in a pre-seed funding round led by Distributed Ventures.
Additional investors include Zeal Capital Partners, Matchstick Ventures, The Fund, Tech Stars and Jumpstart Ventures.
Founded in 2022, Presta helps lenders accelerate their loan application and determination processes and provide a streamlined experience for borrowers.
The funding will support the growth of Presta’s platform and the expansion of its team.
Colorado-based fintech FinGoal has raised an undisclosed sum in funding led by Naples Technology Ventures.
Founded in 2019, FinGoal uses algorithms to analyse customer profiles and determine what banking products they need and how to market these products to them.
FinGoal says it will use the funding to support its aim of personalising banking.
New York-based fintech firm EverC has received an undisclosed sum of funding from the & Opportunity Fund and secured a strategic partnership with Kroll, a provider of risk and financial advisory solutions.
Founded in 2015, EverC operates an AI-led cross-channel risk management platform for e-commerce merchants and marketplaces.
The funding will be used to build out its brand and invest in its technology.
