UK-based fintech startup Damisa has raised £2.25M in a pre-seed round led by Fuel Ventures 🚀, with participation from EWOR, Greyhound Capital, and fintech investor Mark Ransford. The company, founded by Jordan Lawrence (previously of Volt), is set to launch a stablecoin-powered smart wallet infrastructure aimed at modernizing cross-border and escrow payments in sectors like logistics, real estate, travel, and education. Mark Pearson 🔥, Managing Partner at Fuel Ventures, emphasized their confidence in Jordan’s track record and Damisa’s global potential. Lucy Adams | Tech.eu https://lnkd.in/ePCC5CJG #Fintech #FintechNews
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Meanwhile has secured $40M in a Series A round to scale its digital asset-denominated life insurance products. The round was led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, founder of Xapo. FinTech Global https://lnkd.in/emYkXrag #Fintech #FintechNews
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Lerer Hippeau has secured $200M for its ninth early stage venture fund, marking a major milestone as the firm celebrates 15 years of investing in startups. Managing Partners Ben Lerer and Eric Hippeau emphasized their commitment to backing founders from the earliest stages, especially amid the transformative AI landscape reshaping the tech world. https://lnkd.in/esSYhhSF #Fintech #FintechNews
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Ryft has raised $7.3M in a Series A round to advance its embedded payments platform, helping marketplaces automate split payments, manage commission rates, and stay compliant. The round was led by EdenBase and backed by British Business Bank, Pembroke VCT, The SidebySide Partnership, GPOS Investments, Ingenii VC, and executives from PayPal. Co-founders Sadra Hosseini and Alex Mackenzie shared how this funding will scale Ryft’s operations globally. PYMNTS https://lnkd.in/exM6ey9h #Fintech #FintechNews
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Gen Z-focused wealth management platform Alinea Invest has raised $10.4M in a Series A round led by Play Ventures, with participation from investors including GFR Fund, Y Combinator, and Gaingels. Co-founders Anam Lakhani and Eve Halimi credit their product-market fit and founder-led storytelling on platforms like TikTok for building a loyal user base of primarily Gen Z and women investors. The new funds will support the launch of AI Allie, an AI-powered financial coach designed to personalize investing for the next generation. Nicole Casperson | Forbes https://lnkd.in/gD5ePFqw #Fintech #FintechNews
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Luzern Risk, the NYC-based captive insurance platform previously known as XN Captive, has secured $12M in Series A funding to grow its operations and reach more mid-market clients. The funding round was led by Caffeinated Capital, supporting Luzern’s mission to modernize the captive insurance lifecycle using integrated digital systems. FinSMEs https://lnkd.in/ewyk-QZJ #Fintech #FintechNews
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Rain, the Los Angeles-based earned wage access platform, raised $75M in a Series B round led by Prosus Ventures. CEO and co-founder Alex Bradford shared that the funds will support product expansion, including a secured credit card and savings tools. Other investors include Nextalia SGR, Spark Growth Ventures, QED Investors, and Invus Opportunities. Jagmeet Singh | TechCrunch https://lnkd.in/dj6JQ7pc #Fintech #FintechNews
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Aurascape has launched with $50M in funding to secure AI applications with its native platform. Backed by Menlo Ventures and Mayfield, the company is aiming to tackle the growing problem of 'shadow AI' across enterprise environments. CEO Moinul Khan highlighted the need for new security tools designed specifically for AI-driven workflows. Kyt Dotson | SiliconANGLE & theCUBE https://lnkd.in/eXyNfw9c #Fintech #FintechNews
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Turkey-based fintech Sipay has raised a $78M Series B led by Elephant, with participation from QuantumLight. Founded by Nezih Sipahioglu, Sipay provides an all-in-one embedded finance platform for emerging markets, and plans to expand its services beyond Turkey to include new offerings like remittances. Peter Fallon of Elephant VC noted the significance of Sipay’s cross-border payment strategy in a globalized market. Mike Butcher | TechCrunch https://lnkd.in/g6CvrsAQ #Fintech #FintechNews
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Turbine Finance, founded by entrepreneur Mike Hurst, has emerged from stealth and raised $22M in equity funding to help LPs unlock liquidity without selling their VC fund stakes. Backed by Alpha Edison, TTV Capital, Fin Capital, B Capital , and Sozo Ventures, and supported with $100M in debt from Silicon Valley Bank, Turbine offers a credit product secured by LP positions in venture funds. Marina Temkin, CFA | TechCrunch https://lnkd.in/e7s-vxBq #Fintech #FintechNews