Stake, Finli, Crescent and OpenFin
Our weekly summary for you to get the latest fintech financing news from the US.
efforta fintech company that offers cashback and banking services to tenants, has traveled $ 12 million in a Series A funding round.
Stake bags $ 12 million Series A
The round was led by RET Ventures and included participation from Enterprise Community Partners, Hometeam Ventures, Operator Stack and Second Century Ventures as well as existing investors Shadow Ventures and Olive Tree Ventures.
Stake says the new money will enable it to continue to expand its financial infrastructure and solutions that solve difficult problems for both tenants and property owners.
“Tenants do not need more debt or loans,” said Rowland Hobbs, co-founder and CEO of Stake. “What tenants need is money to help with everyday things and to establish long-term savings.
With Stake, we have redesigned the classic “rainy day fund” for tenants to build wealth that is traditionally associated with home ownership. Now their biggest expense is also their biggest source of savings. ”
With headquarters in New York City and Seattle, Stake claims that their app is currently used by “thousands” of tenants.
Finlia payment management platform built for service-based small businesses in the United States, has closed one $ 6 million seed financing round led by the Urban Innovation Fund.
Motley Fool Ventures, M13, Alumni Ventures and all existing investors also participated in the round.
The company says the new supply of funds will be used to expand the team and further develop its commercial banking capabilities, and is moving towards becoming a “holistic solution for financial services”.
“Our mission is to give underserved businesses the financial tools they need to manage and expand their businesses without incurring large fees or complicated workflows. By meeting them where they are, we give them time and money back,” says Lori Shao , CEO of Finli.
“We deliberately built Finli to solve cumbersome business challenges so that owners and operators can focus on expanding their business and not chasing after payments.”
Finli’s platform helps companies manage all aspects of invoicing and payment communication, so that customers can pay outstanding invoices through their mobile devices.
The seed round brings the total funding to $ 9.5 million.
Fintech startup Crescent have raised $ 5 million in a pre-seed round from angels and technology entrepreneurs to launch a platform to help businesses improve cash management.
The platform collects top “business-friendly” returns and helps companies distribute free capital through automation and cash flow insight.
While other consumer management and accounting products help companies understand their financial picture, Crescent says it is “determined to help them move forward with existing cash, without introducing friction to financial teams”.
Crescent says that early customers are currently on the way, and that this fundraiser will help the company expand its user base, expand its features and expand its automation and integration library “to help financial teams put cash management on autopilot”.
OpenFinan operating system (OS) and developer platform for financial firms, has secured one not revealed investment from ING Ventures, the venture capital arm of ING.
OpenFin raises new funds
Fintech says that capital will accelerate the expansion of OpenFin OS throughout the financial industry.
Headquartered in New York, OpenFin claims that their online software is used in more than 2,400 banks, asset management companies and asset management companies in over 60 countries.
Built on Google’s Chromium engine, OpenFin OS simplifies app distribution, unifies the digital workspace and enables “seamless” communication and workflow between apps.
ING adopted OpenFin’s technology in 2021 to accelerate its desktop transformation strategy.
Previous investors include Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, HSBC, JP Morgan, NYCA Partners, Pivot Investment Partners, SC Ventures and Wells Fargo Strategic Capital.
