Tue. Jun 25th, 2024

In this article, the author provides a roundup of recent fintech funding announcements. The key highlights include:

  • Kafene, a New York-based fintech, has secured a $15 million growth capital commitment from Trinity Capital. Kafene offers an AI-powered lending platform used by merchants to offer flexible purchase options to underserved consumers.
  • General Index (GX) has completed a £9.48 million Series A funding round. The UK-based fintech aggregates trade data to build a view of market activity in the energy transition sector.
  • Mesh, a US-based fintech, has raised $6.5 million in funding from PayPal Ventures. Mesh offers a financial connection layer that enables digital asset transfers, crypto payments, account aggregation, and trading.
  • German firm Giesecke+Devrient (G+D) has acquired additional shares in software company Netcetera. G+D now owns 95% of Netcetera shares. Netcetera offers digital products for financial service platforms, including solutions for mobile banking, digital wallets, and e-commerce.

The article highlights the growth potential of these fintech companies and the impact their funding will have on their respective industries. These funding rounds demonstrate the continued interest in AI-powered lending, energy transition, and digital asset services.