Winter formally begins on the finish of the week for many people, and the seasonal, end-of-year holidays are proper across the nook.
This week within the Fintech Rundown we begin off with information of a significant acquisition within the provide chain finance house, and a handful of fundraisings in fields starting from wealth administration to crypto.
Funds
FIS agrees to amass provide chain finance platform Demica in a deal estimated to be value $300 million.
Mastercard companions with Riyad Financial institution subsidiary Jeel to advertise cost modernization in Saudi Arabia.
Wealth administration
U.Okay.-based funding platform WiseAlpha allows retail traders to purchase and promote company bonds.
Jiko raises $29 million in Sequence C funding to energy its platform that offers traders entry to U.S. Treasury payments.
B2B wealthtech platform Allfunds unveils its AI-powered navigation assistant, ANA.
Private finance administration
U.S.-based PFM app Present secures $200 million in funding from Andreessen Horowitz, Wellington Administration, Avenir, Common Catalyst, and Cross River.
Crypto / DeFi
Nigeria-based, cross-border stablecoin firm Juicyway locks in $3 million in pre-seed funding.
Cryptocurrency alternate Bitget appears to be like to determine a regional European hub in Lithuania.
Digital banking
TBC Uzbekistan launches its digital-only enterprise banking platform.
Insurtech
CU Monetary Group and insurtech firm Certain introduce SimpleQuote, a digital insurance coverage resolution for credit score unions.
Picture by Brigitte Tohm
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