Fintech Nexus’ Post

Revenew raises from stealth closing a $4.55 million funding round Uk based #fintech startup #Revenew, a startup founded by former Checkout.com executives, has successfully raised $4.55 million in funding. The round was led by Los Angeles-based Fika Ventures, with additional investments from Dash Fund and TTV Capital. Revenew, co-founded by Ben Foster, ex-senior vice president of engineering, and Nicholas Thomson, former head of product at Checkout.com, aims to revolutionize payment operations for platform companies such as Uber and Spotify. Revenew’s mission is to provide an advanced operating system that allows businesses to manage, streamline, and optimize their payment stacks. Unlike traditional payment processors, Revenew offers an additional layer of visibility, enabling companies to track critical metrics such as payment margins and identify their most profitable customers. This insight is designed to empower platforms to enhance revenue generation and profitability. The startup already has 10 to 15 companies signed up for its early access product, spanning various sectors including hotel booking, gym memberships, and car rental marketplaces. The company plans to offer its core product for free initially, with future plans to introduce a paid Pro version that will include actionable tools to help clients further improve their payment operations. The article on Sifted in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Finland’s ReceiptHero gathers funding from angel and VC investors to accelerate digital receipt rollout Tampere-based ReceiptHero has secured new funding from investors including angel Asko Schrey and venture capital firms Superhero Capital, SeedX VC, and Lifeline Ventures to further its development of digital receipt solutions. The company plans to use the funds to accelerate its expansion across Europe and the UK, with initial pilots set for the US within 18 months. The investment will support ReceiptHero’s efforts to replace paper receipts, aiming to reduce environmental impact, enhance data analytics for merchants, and integrate with existing POS systems. This move aligns with increased regulatory support for digital receipts across Europe and growing merchant demand. https://lnkd.in/dE5DmgDX #funding #nordicmade #finland #startups #retailtech #fintech #saas #trending

Coupons and cashback platform CashKaro’s operating revenue jumped over 20% to cross the Rs 300 Cr mark in the financial year 2023-24, its cofounder Swati Bhargava said. The Ratan Tata-backed startup is yet to file its financial statements for FY24 with the Ministry of Corporate Affairs. However, as per its unaudited statements, it clocked an operating revenue of Rs 302 Cr in the year ended March 31, 2024. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #CashKaro #StartupGrowth #RevenueMilestone #Ecommerce #IndianStartup #RatanTata #Cashback #TechInnovation #BusinessSuccess #DigitalEconomy #StartupNews #StartupTrak

TX Ventures leads the $5.5 million series A in TRUSTAP Cork-based #fintech startup #Trustap has successfully raised €5.08 million in a funding round led by #TXVentures, a prominent fintech venture capital fund focusing on Europe. The round also saw participation from seedX, PARTNERS RESOLUTE, aperture.co, and existing shareholders MiddleGame Ventures, ACT VC, Atlantic Bridge, and FurthrVC. Founded by Conor Lyden, Trustap is revolutionizing marketplace transactions by acting as the merchant of record, handling payments, logistics, and customer support for its clients. This comprehensive service significantly boosts margins and overall revenues for marketplaces. One of the platform's standout features is its escrow-style payment system, which ensures complete trust between buyers and sellers. This latest funding will enable Trustap to enhance its go-to-market strategy and capitalize on recent partnerships. Additionally, the company plans to expand its product features to accommodate a wide range of use cases across both consumer-to-consumer (C2C) and business-to-business (B2B) marketplaces. Trustap’s customer base already includes leading platforms in Europe, the US, and Asia, such as Mudah in Malaysia, Preloved in the UK, and Student Seats in the US. The company operates in 27 countries, facilitating transactions for a variety of items, from electronics and tickets to vehicles and luxury goods. Highlighting their growth, Trustap recently closed a multi-market deal with a clothing marketplace, adding another five countries from Central Eastern Europe to their expanding portfolio. The appointment of Ovidiu Solomonov, former COO of European Markets at Adevinta, as Chairman of the Board further strengthens their strategic leadership. Adevinta is a major player in online classifieds, operating over 25 digital marketplaces globally. Krzysztof Bialkowski, Managing Partner of TX Ventures, expressed strong confidence in Trustap’s potential, emphasizing the growing need for trusted payment solutions in marketplaces. He noted that Trustap’s scalable product, combined with the team’s execution-driven approach, positions the company to become a leading global infrastructure provider for trusted payments. The article on EU-Startups in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Finix Brings in $75 Million Finix raised $75 million in a Series C round led by Acrew Capital, with contributions from Citi Ventures, Tribeca Venture Partners, and other prominent investors. The new funds boost Finix’s total funding to over $208 million. Finix processes 432 million transactions daily across the U.S. and Canada. Payments processing company Finix has landed $75 million this week. The Series C investment, which brings the company’s total funding to just over $208 million, was led by Acrew Capital and co-led by Leap Global and Lightspeed Venture Partners. New investors Citi Ventures and Tribeca Venture Partners also contributed alongside existing investors Homebrew, Insight Partners, Inspired Capital, and Cap Table Coalition. Finix was founded in 2015 to help banks, acquirers, and enterprises own, manage, and monetize their payments with a low-code user experience. The company processes 432 million transactions on a daily basis for software platforms, marketplaces, retail, and e-commerce businesses across the U.S. and Canada. “Finix offers no-code payment solutions for the 22 million businesses without developers, enabling seamless payment integrations with little to no technical expertise,” said Finix CEO and Co-founder Richie Serna. “When we started Finix, we were big believers in the developer movement, and we still are! But over time we’ve seen a major shift in the market. Even businesses that have developers don’t want to spend their time or resources on payments — they want highly brandable, configurable payment solutions that require little to no technical expertise to implement. From startups to publicly traded companies, merchants to vertical SaaS companies, customers of all sizes are taking advantage of Finix’s no-code solutions. Today, every feature in our broad product suite is now available in no-code, low-code and API-driven solutions.” The funds come at a time of growth for the California-based company. Finix has quadrupled its revenue in the last year. And while the company has not disclosed how many merchants it currently serves, Finix told TechCrunch that it supported more than 12,000 merchants in 2022 and that it has so far closed a record number of merchant deals this year. This growth was likely spurred by Finix becoming a full-stack acquirer processor in May 2023. As for the next evolution of Finix, Serna said that the company has evolved into a full-stack acquirer/processor. As a testament to this, Finix currently offers real-time payouts, no-code/low-code capabilities, omnichannel support for both card-present and card-not-present transactions, and cross-border payments capabilities. Photo by Marcel Eberle on Unsplash https://lnkd.in/gikNh6kB via Finovate https://finovate.com October 25, 2024 at 10:55AM

Instamojo used this pitch deck to raise $500K Instamojo, founded in 2012 by Harshad Sharma, sampad swain, Aditya Sengupta, and Akash Gehani, is a Bangalore-based digital payment and e-commerce platform. Originally aimed at empowering small businesses and individual entrepreneurs, it has evolved into a key player in India’s fintech and digital commerce sectors. Instamojo facilitates seamless online transactions, offers diverse payment options, and supports various business needs, from digital goods to physical products. Despite financial challenges in 2017, the company persevered, expanded its services, and continues to drive innovation in digital commerce. Instamojo has successfully raised a total of $8.4 million through several funding rounds, including Series A in 2014 and Series B in 2020. Key investors include Kalaari Capital, Blume Ventures, 500 Startups, Gunosy Capital, and AnyPay, a Japanese payments firm. Value Proposition: Starts with a one-liner introduction that succinctly explains their value prop. Founder's Credibility: Highlights the founders' credibility with earlier exits, a common feature in 2012-13 pitch decks, as investors relied on founders' track records. Problem Statement: Clearly articulated using keywords like "friction," "time-consuming," and "costly." The next slide Illustrates messy checkout and payment interfaces in 2013, highlighting issues that hampered conversion rates. Solution Slide: Showcases Instamojo's easy-to-use solution that provides higher conversion rates. Market Size: Appears late in the deck but effectively shows year-on-year market expansion. Funding Commitments: Displays commitments from VCs with their names and amounts, crucial for anchoring other investors to join the raise. Join me as I share one pitch deck daily, decoding the secrets of successful startups that have raised millions. Follow, share, and suggest the next pitch deck we should explore together! #startups #fundraising

📣 Three amazing #FinTech #Startups based in #Berlin made it to the finals of #StartupChamps, which will be part of the first international Fintech Festival: FIBE Berlin. 📣 Who they are and what they do? We asked, they answered. 💪 We are happy to introduce one of the three Berlin-based finalists: Tilta   How was the idea for Tilta born? We learned about SMEs’ strong working capital needs paired with huge hurdles in accessing it during our time at our previous startup.   What do you offer? We’re now helping SMEs to overcome these hurdles with our credit-backed payment solution embeddable into SMEs’ primary supply chains. We’re essentially transforming the century-old trade credit and payment by invoice into the age of digital B2B marketplaces and e-commerce. What makes Tilta unique? We’re laser-focused on one single thing: Enabling B2B suppliers and marketplaces to provide working capital to their SME clients and making money with it in one go. Leaving everything out that makes it complicated, like our own brand, complex processes, banking products, and whatnot.   Why is Berlin the place to be? Amazing city with a most vibrant fintech ecosystem. Talent, partners, investors - all in one spot. What has been your biggest F*up? Luckily only a few smaller ones. Intellectually painful was a misconfigured web service that silently burned through 15k EUR of cloud fees within a few days without notice.   What would you recommend to others who are considering founding a business? Know your customers and focus on what they want, not what you think they want. Thank you for your answers Jan Enno Einfeld, Founder of Tilta. Stay tuned for the anwers of the third finalist! #startupberlin #cityoffintech #fintech #startupchamps #fibe #entrepreneurs

Flatpay is shaking up the payment industry with transparent pricing and a focus on merchants. This Danish startup is making waves in the e-commerce world. Here's why it's a top startup from Denmark to watch in 2024. #fintech #payments #denmarkstartup

Square is a great payment processing option for startups using a pop-up shop model. But as the business grows, it may not keep up with the demands. Listen to this short clip to find out two questions to ask yourself about whether it’s supporting your growth.

The rise of the convenience economy is reshaping consumer expectations, but it’s also challenging the profitability and survival of smaller businesses and startups. Services like ClassPass, Klarna, and delivery platforms bring customers easy access, yet their business models can squeeze local enterprises, cutting into margins and creating dependency on high-commission platforms. For emerging businesses, finding ways to compete sustainably in this fast-evolving landscape is becoming a key priority. Outbound Sifted Editor Tim Smith shares his insight on what evolving challenges startups and smes are facing in the digitized world. #startups #startup #vc #smallbusinesses #sme