Top 10 FinTech Capital Raises in the U.S. – December 16th-31st, 2024

Several interesting transactions closed in the FinTech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.

PIPE

1. 1. FingerMotion, a company engaged in the provision of mobile payment and recharge services in the Chinese market, received $5 million of development capital through a private placement.

Merger/Acquisition and Corporate

2. 2. Star 26 Capital, operator of an acquisition holding company in the defense sector, was acquired by Nukkleus for $26 million.
   3. Assemble, developer a compensation and pay transparency management platform designed to offer a fair and equitable future for everyone, was acquired by Deel.

Later Stage VC

4. 4. Brooklyn Investment Group, developer of a digital wealth management platform designed to combine institutional-grade portfolio optimization and automated tax-loss harvesting, raised an estimated $21 million through a combination of Series A venture funding in a deal led by Atypical Ventures.
   5. Conductor Solar, operator of a financial marketplace intended to transform commercial solar deals, raised $555,000 of venture funding from The Alchemy Group and other investors.

Early Stage VC 

6. 6. CFX Labs, developer of an embedded wallet platform intended to monetize foreign exchange slippage, raised $14.01 million of venture funding.
   7. Homegrown, operator of a financing marketplace intended to empower local businesses to open more locations without giving up ownership, raised $2.8 million of venture funding.
   8. Infinant, developer of financial technology software designed to help non-financial brands offer financial services in ways that are secure, compliant, and bring value to their core businesses, raised $15 million through a combination of Series A-1 and Series A-2 venture funding in a deal led by FINTOP Capital and JAM FINTOP.

Angel, Seed, and Grant

9. 9. Blue Kite Capital Investment, developer of a financial platform intended to offer investment in the capital market, raised $5 million of seed funding.
   10. Juicyway, developer of a payment network platform intended for businesses and individuals to participate freely in the global economy, raised $3 million of pre-seed funding in a deal led by P1 Ventures.

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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.