ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
Winden, a new neobank for digital entrepreneurs, has raised $5.3 million in a seed funding round led by Accel.
The round also saw participation from a number of angel investors from fintech start-ups including Ramp, Pipe and Plaid, among others.
Launched in August 2021, the neobank offers deposit banking, spend management and other financial products tailored for digital entrepreneurs.
The firm plans on using the new funding to expand its team as it looks to continue its growth.
Business-to-business fintech start-up EximPe has raised $3.5 million in a seed funding round led by Leo Capital.
Other investors in the round include RB investments, Founder Bank Capital, iSeed Ventures, 2am VC, LetsVenture and BoldCap, as well as a number of angels including Cred founder Kunal Shah.
The company plans to use the funds to hire new talent and strengthen its product offering.
Founded in June 2021, EximPe enables exporters and importers to carry out cross-border payments. The firm provides financial services in partnership with Indian banks.
Uplinq has raised $3.5 million in a pre-seed funding round led by venture capital investors N49P and Surface Ventures, alongside individual fintech investors.
The company says it will use the investment to further its commitment to help banks and lenders deliver financial inclusion for their small business customers across the globe.
MoVi Partners, Impulsum Ventures, Magic Fund, Assure Syndicates and the DVC Syndicate and fintech executives from SoFi, JPMorgan Chase, FIS and Scotiabank also participated in the raise.
Uplinq enables small to medium-sized business lenders to use unique and validated data signals that go beyond traditional credit indicators to help make accurate decisions.
The company claims its technology has powered over $1.4 trillion in underwritten loans since its inception.
Uplinq says the funds will be used to help scale its operations across the globe and to refine its product offering to make its insights more precise and predictive in the credit-decisioning process.
African fintech ImaliPay has announced a $3 million seed funding round.
The round includes participation from Leonnis Investments, TEN13, Jedar Capital, Chandaria Capital, Uncovered Fund and Japanese football legend Keisuke Honda, among others.
The company says the funds will be used to deepen its financial services infrastructure for gig economy workers across Nigeria, Kenya and South Africa.
“This investment will allow us to grow our team and tech capabilities to deliver best in class products and services to deliver on our promise to financially empower millions of gig economy workers across Africa,” says ImaliPay.
SwooshTransfer has announced that it has raised “several million dollars” in an equity financing round.
The financing round includes a USD tranche raised by Steelhenge Inc. Participants in the USD tranche include institutional investors such as Sequoia China seed fund, K2VC.
The company says that the funds will be used to accelerate its plans in developing technology to further enhance its ability to deliver inclusive transaction services to small enterprises globally.
Since its launch in 2020, the company has built an integrated tech product using AI, blockchain, privacy computing, real-time computing and security to bring secure, transparent, cost-effective and inclusive transaction services to individuals and small businesses.
The company currently operates in the UK, US, Europe, Singapore, South Korea, the Philippines, Indonesia, Hong Kong and India.