Fintech Highlights - 5/18/2021

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Fintechs

Treasury Prime, a banking-as-a-service startup offering routine task automation platform (via APIs) for banks, raised $20 million in Series B funding. More here ->

Amount, a “battle-tested” retail banking and point-of-sale technology startup that "accelerates digital transformation for financial institutions" has raised $99 million in a Series D funding round. More here ->

Fair, a Houston-based multilingual digital bank and financial services platform, is launching to the public after raising $20M in 40 days earlier this year. More here ->

Telda, an Egyptian digital bank, raised $5 million in seed funding. Digital banks have enormous potential in the region given a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. More here ->

The fintech IPO pipeline is filling up. Online bill payment platform Paymentus as filed to go public, seeking to raise up to $241.5 million in the offering. Shortly before, card-issuing platform Marqeta also filed for an IPO that could reportedly set a valuation around $10 billion. More here ->

Lone Wolf Technologies, a real estate technology company with offices in Dallas and Canada, announced two acquisitions: CRM platform LionDesk and real estate marketing automation company HomeSpotter. More here ->

New York-based Zoe Financial, a digital marketplace for people to find and hire vetted independent financial advisers, raised $10 million in a Series A round. The marketplace in 2018 includes a curated network of independent, fiduciary and commission-free financial advisers, and financial planners ranked in the the top 5 percent in the country. More here ->

Subscription-based back-office platform Collective returns with another round of funding, this time a $20 million Series A. Its platform provides “businesses of one” with tailored financial services, including access to trusted advisers who oversee accounting, tax, bookkeeping and business formation needs. More here ->

Real estate content platform Aryeo has raised $3.65 million in seed funding. The Boston-based startup aims to streamline content in the real estate industry, helping agents get photos and other types of content where it needs to go. More here ->

Insuretechs

Relay Platform, a Toronto-based P&C insurance quote-bind-issue portal, raised $5.2 million in seed funding. More here ->

Jerry, an auto insurance sales platform is announcing that it has raised more than $57 million in funding, including a new $28 million Series B. More here ->

Planck, the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. More here ->

Home insurance startup Kin raised $63.9 million in a Series C round. The Chicago-based startup’s focus areas include homes that are more complicated or risky to insure due to age, climate change, and other factors. More here ->

New York-based Lili, a mobile banking and expense tracking service for U.S. freelancers, secured $55 million in a Series B round. The company says it is currently working with 200,000 customers in all 50 states. More here ->

Insure tech platform Ethos is investing part of its' recent $200M funding into its Austin HQ2. More here ->

From the Stash

Citi Ventures looks to process discovery and API security in 2021 — bankautomationnews.com

Citi Ventures, the $2 trillion venture investment firm and incubator within Citibank, is setting its sights on investment in process discovery and API security in 2021. Citi Ventures Managing Director Matt Carbonara recently sat down with Bank Automation News to discuss his group’s investment appetite and the perils of implementing robotic process automation (RPA).

This founder raised millions to build Fair, a neobank for immigrants – TechCrunch — techcrunch.com Fair, a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. Founder Khalid Parekh raised the capital primarily from the very demographic that Houston-based Fair aims to serve: from a group consisting of a number of immigrants, many of whom were first-time […]

Sure Inc. sues rival startup Boost Insurance, alleging it's a copycat — www.axios.com Sure Inc. says that Boost's CEO, a former Sure investor and director, created a duplicate company.

Current, a new digital bank, built its own tech - Protocol — The people, power and politics of tech — www.protocol.com A current bank account will get you all the things other digital banks have: account opening, debit card processing, real-time transaction decisioning and direct integration for rewards, cash deposits, ACH transfers and mobile check deposit. But Current built its own core banking infrastructure thanks to CTO Trevor Marshall's background.

FinLync Secures $16M to Support Global Expansion | Business Wire — www.businesswire.com FinLync, a privately held, global fintech company, today announced that it has closed on a $16M equity funding round.

Reports / Webinars

Financial Services Summit - EMEA — cloudonair.withgoogle.com

Join thought leaders and your peers from across EMEA for exclusive roundtables, inspiring sessions, panels and customer success stories that explore the transformative power of cloud in today’s financial services industry.