The largest this week:
🇬🇧 SME challenger bank Allica has raised £100M in a Series C funding round led by growth technology investor TVC. Allica, which offers a portfolio of lending, savings and investment products to SMEs typically neglected by larger banks, reported Q3 2022 revenues up 743% year-on-year compared to 2021.
🇸🇬 Osome, a financial admin platform that helps business owners with administrative tasks like payroll, accounting and tax reporting, has raised a $25M Series B from Illuminate Financial, AFG Partners and Winter Capital.
🇮🇳 KreditBee secured $80M in an ongoing Series D funding round. The funds will be used to diversify KreditBee’s product portfolio and strengthen its tech stack to serve more than 400 million middle India population on its platform.
🇺🇸 X1 Card, San Francisco, CA-based provider of a smart credit card, raised $15M in Series B funding. The company intends to use the funds to roll out new financial services for its members, starting with a new investing platform allowing cardholders to buy stocks with their reward points.
Other notable fintech deals from around the globe:
🇨🇦 Buckzy Payments, a Toronto-based real-time cross-border payments company, has secured $15M in a Series A round of funding led by Mistral Venture Partners and Uncorrelated Ventures.
🇨🇱 The Chilean fintech Kredito has closed a $6M funding round and also announced a partnership with Grupo Penta, the holding company linked to the Chilean entrepreneurs Carlos Alberto Délano and Carlos Eugenio Lavín. Kredito is a financial services platform that offers working capital loans, digital accounts and prepaid cards, and free management software for SMEs and entrepreneurs.
Read up on all the latest fintech deals in Dealroom.co
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