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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. It’s not disclosing valuation.

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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. It is also licensed by Indonesia’s central bank, enabling it to offer more services.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. Over time, Crowdz has financed $55 million in receivables by funding more than 20,000 invoices.

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Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn

TechCrunch

Nima Wedlake, principal at Thomvest Ventures, agreed, noting that agility is a critical trait. Nima Wedlake , principal, Thomvest Ventures. . “The best thing founders can do during a downturn is move quickly and efficiently, and evolve their offering to match the new needs of the market.

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Harry’s files paperwork for fresh $139.9M financing

TechCrunch

A year after the FTC blocked Harry’s from getting acquired by Edgewell Personal Care, the direct-to-consumer razor startup raised $155 million in Series E financing to give it a $1.7 million in a new financing event. billion valuation. SEC filings show that Harry’s has raised $139.9 billion by 2030.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. Haris Khurshid, general partner at Chalo Ventures , launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups. As the global venture capital market slows, is the US dodging the downturn?

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. In fact, of the $348 billion in annual sales generated by the top 25 food and beverage incumbents in the U.S., Immi takes in $3.8M to cook up plant-based instant ramen.