Top 5 VC Deals | Fintech
Top 5 VC Deals of the Week in Fintech (7/22/24)
By DWN Staff · Jul 22, 2024 Views: 1
A Hot mess
The headlines about failure on MS systems (with 'flare') keep coming. Worldwide outages are exposing issues with software updates. But can updates create vulnerability, or is it merely a refusal of organizations to succumb to the latest upgrade pricing? As the list of hits grows, time will tell how exposed U.S.-based organizations are.
For now, it's a hot mess for the travel and banking industries at a time when consumers are already pulling back on spending and borrowing.
Some notable trends this week...
- An excellent week for the payments sector
- Domestic deals taking the $
- Triple and double-digit deals are back
Up next are this week's top 5 VC deals...
Owlto Finance
$150M, Capital | Equity | NYC | Blockchain | Matrixport| https://owlto.finance/
Overview courtesy of Binance.com:
"Owlto Finance operates as a cross-chain bridge with full-chain interoperability, currently integrating over 45 networks within the BTC,ETH, and SALT ecosystems..."
Aven
$142M, Series D, Capital| Equity | SF | Payments | Khosla Ventures, General Catalyst, Caffeinated Capital, Electric Capital, Founders Fund, The General Partnership | https://www.aven.com/
LinkedIn Overview:
"Our mission is to provide the lowest cost, most convenient, and most transparent access to capital."
OCN
$86M, Series A, Capital| Equity | Mexico | Fintech | Caravela Capital, Collide Capital, Great North Ventures, i80 Group | https://www.onecarnow.com/mx
LinkedIn Description:
"We promote social mobility and financial inclusion through accessible subscription-based financing. # We Are One"
Slope
$65M, Capital | Equity| SF | Payments | J.P. Morgan Payments, Y Combinator, Jack Altman, Saga | https://slopepay.com/
LinkedIn Description:
"The B2B payments platform."
Coast
$40M, Series B, Capital | Equity | NYC | Payments | ICONIQ Growth, Accel, Insight Partners, Vesey Ventures, Avid Ventures, Thomvest | https://coastpay.com/
LinkedIn Description:
"Fleet and fuel payments, made easy. Easily control and track spending with Coast — the fair, flexible card that’s accepted anywhere."