Skyfire raises funds to build a world where agents manage all digital transactions for you (TWIF 8/24)

Hello Fintech friends,

😮 Buried in all the new fundraising talk this week was the secondary offering that the global neobank Revolution did, valuing the company at $45 billion. Revolut is a giant, with over 45 million customers worldwide.

✈️ We have a busy fall ahead of us, so join us in Dubai and Mexico City for our next fintech community events!

Dubai Fintech Coffee Luma

Building on the success of our monthly fintech coffee networking events in New York and London, This Week in Fintech brings Fintech Coffee to Dubai. TWIF is…

RiskCon CDMX with Oscilar & TWIF · Luma

You’re invited! Join us in Mexico City on September 3. Calling all credit, lending and risk managers and leaders. We invite you to a…

And speaking of Mexico City, our favorite Latin American venture capitalist, Gilgamesh Ventures, has put together a great overview of the fintech companies with the largest “dynasties” of successful alumni who have gone on to found companies:

Dynasties in the Making: 15 Companies Cultivating Tomorrow’s Fintech Leaders

By Gilgamesh Ventures and the Wharton School of Business Everyone knows about the PayPal Mafia. In addition to changing the way money moves, PayPal has, over the past two decades, spawned several groups of revolutionaries who have reshaped the way finance works, including Elon Musk, Peter Thiel, Max Levchin, Reid Hoffman, and others. But

Below you’ll find another week of fintech funding events. (PS: Do you have any feedback for us? 👍👎 Let us know!)

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📊 Statistics of the week

• Dutch payment service provider Adyen is making inroads into the US market, reporting sales of over $250 million in North America in the first half of the year.

💸 Venture financing

• Global Stablecoin Payment Networka stablecoin provider founded by Visa And Paxos alumni, raised $30 million in seed funding.
• Soapa software and services provider for the private lending industry, has raised $30 million in a Series B round.
• Finturea European aggregator platform that connects customers with banks’ Paylater services, has raised nearly $30 million in a Series B round.
• Save Financialan automated tax accounting optimization provider, has raised $15 million in a Series A round.
• Efficient capital laboratoriesa provider of revenue-based financing to SaaS companies in emerging markets, has raised $11 million in a Series A round.
• Resalea Saudi e-gifting and payments platform, has raised $9 million in a Series A round.
• Airfire AI, a payment network specifically for AI agents to conduct autonomous transactions, raised $8.5 million in seed funding.
• Wazaa payments and liquidity platform that enables African businesses and traders to manage and pay their suppliers globally, has raised $8 million in seed funding.
• PostExa Pakistani provider of financial and logistics services to online merchants, raised $7.3 million.
• Swiipr, a payments platform for air travel disruptions, raised £6 million in a Series A round.
• Holonym Foundationan organization developing digital identity security for the decentralized web has raised $5.5 million in seed funding.
• Wages, a Kenyan provider of payroll and HR products, raised $5 million in Series A funding, including strategic support Visa.
• Your money linea provider of financial wellness for employees, raised $4.5 million in a Series A financing.
• TheraA payroll and payments startup that helps companies pay international workers has raised $4 million in seed funding.
• TransBnkan Indian transaction banking platform, has raised $4 million in a Series A round.
• Optimala platform for ESG-compliant assets, raised $4 million pre-seed.
• Thalexa crypto derivatives exchange that partners with other exchanges, has raised a €3 million Series A expansion.
• Kem, a Kuwaiti peer-to-peer payment app, raised $3 million from strategic investor Tie upwho will collaborate with the platform to boost the adoption of the stablecoin.
• DMI Financean Indian shadow bank, plans to raise about $330 million from a Japanese banking conglomerate MUFG with a valuation of $3 billion.

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