In this week’s Fintech Times Bi-Weekly News Roundup, several companies in the fintech industry have secured significant funding rounds. web3mine, an open-source innovation lab, raised $6 million in seed funding to develop web3 tools for community-owned internet infrastructure. TRES, an accounting and financial data reporting platform for crypto assets, raised $11 million in Series A financing to further develop its services. Spare, an open banking services provider, raised $3 million to support acquisitions and operations in KSA. Fiat Republic, a banking-as-a-service platform, raised $7 million in a seed extension round to strengthen banking partnerships and expand to new territories. Tabby, a shopping and financial services app, secured up to $700 million in receivables securitization and $250 million in Series D financing.
Other notable updates include Hakluyt Capital’s investments in AI-powered platform Interos, AI security company CalypsoAI, and AI software platform Viz.ai, as well as Vestwell’s $125 million equity round, and EnKash’s regulatory approval from the Reserve Bank of India to operate as a payment aggregator.
The article also highlights various partnerships in the industry, such as Origence partnering with Tesla to offer credit union financing to EV buyers, Alchemy Pay partnering with Worldpay to amplify its payment channels, and Trigger Software partnering with Mambu to launch a Neobank Engine. Careem and Mastercard have also launched a sustainability campaign that supports Mastercard’s Priceless Planet Coalition.
In terms of appointments, Hinckley & Rugby Building Society has appointed a new CEO, and Socure has welcomed three new executives to support its growth.
