Fintech Funding: Crypto exchange Binance.US secures $200M in first funding round

Binance.US , the U.S. arm of crypto giant Binance , plans to scale business activities and launch new products on the back of a $200 million seed funding round, the company announced Wednesday. [caption id="attachment_221876" align="alignright" width="300"] Photo by CanStock[/caption] The funding round is a signal of confidence in Binance.US, which has dealt with intense market volatility and changes in executive leadership over the past year. The funding reflects the strength of its business outlook, Brian Shroder, president and CEO at Binance.US, said in a release. “This funding and valuation validate the strength of Binance.US’s business today, as well as our long-term growth prospects, and will enable us to continue to make our spot-trading platform the best it can be while rolling out an ambitious product roadmap,” Shroder said. Binance.US supports more than 85 cryptocurrencies and 190 trading pairs and maintains operations in more than 50 states and territories. Along with developing new products and services, the company will use the funding to create educational opportunities and bridge crypto “knowledge gaps.” “Together with our investors, customers, regulators, and employees, we look forward to building the most customer-centric and compliant digital asset platform in the country,” Shroder said. The round was led by RRE Ventures , Foundation Capital , Original Capital , VanEck and Circle Ventures , with support from Gold House and Gaingels . Fidel API gathers $65M in series B Payments fintech Fidel API has raised $65 million in a series B funding round, the company announced Wednesday. Founded in 2013, the London-based fintech’s flagship platform allows developers to connect cards to digital services through application programming interfaces (APIs). The company provides capabilities for “digital receipts, omni-channel attribution, loyalty and rewards, expense management and personal finance management” and counts Google and the $1.7 trillion Royal Bank of Canada among its clients, according to a release. Funding was led by Bain Capital Ventures , with participants including QED Investors and NYCA Partners . Fidel API will use the funding to more than double its headcount, along with increasing investments in its payment and identity verification services. Fidel API has raised $88 million over six funding rounds, according to Crunchbase. Turnkey wealth management platform Unifimoney raises $10M Wealth management fintech Unifimoney has gathered $10 million in a seed funding round, the company announced Wednesday. Unifimoney was founded in 2019, and provides digital investment services to banks and credit unions. With current services ranging from stocks, crypto and exchange-traded funds (ETFs) to precious metals, the company will use the new funding to extend services to retirement options, collectables and non-fungible tokens (NFTs), according to a release. Unifimoney integrates with core providers Jack Henry and Q2 and has raised $13 million over four rounds, according to Crunchbase. Funding was led by Shop Your Way , Oriza Ventures , Altair Capital , Global Millennial Capital and White Bay Group , among others. Gaviti closes on $9M for receivables automation Israeli automation fintech Gaviti has raised $9 million to automate receivables and invoices, the company announced Thursday. Founded in 2018, Gaviti automates workflows for collecting and processing receivables by integrating with enterprise resource planning platforms (ERPs) and facilitating data-enabled collections. The fintech plans to use the funding to grow its line of features and services. Funding was led by Flashpoint with participation from Moneta VC , North First Ventures , T AU Ventures , and LETA Capital . This is the fintech’s fifth funding round, according to Crunchbase.

Fintech Funding: Crypto exchange Binance.US secures $200M in first funding round

Fidel API raises $65M, plans to double headcount

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Fintech Funding: Crypto exchange Binance.US secures $200M in first funding round

Fidel API raises $65M, plans to double headcount

Explainable AI: Why transparency is the future for artificial intelligence

Listen: Temenos on helping banks overcome AI complexities

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