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✦ MEXICO'S Solvento fintech startup is CONFIDENT in the country's economic potential despite Trump's tariff threats ✦ The company SECURED a $12.5 million funding round to EXPAND services in the TRUCKING finance sector ✦ Solvento PLANS to GROW its customer base, INTRODUCE new products, and LEVERAGE partnerships in Mexico's evolving market #Solvento #TruckingFinance #StartupFunding #MexicoEconomy

#fundingalert 💼Company: Anrok 💰Funding: $30Million ⚡Round: Series B 👥Investors:  Khosla Ventures, Sequoia Capital, Index Ventures, Elad Gil, David Faugno, Alex Estevez atlassia Anrok is the cutting-edge sales tax solution. Finance executives can quickly and simply track, compute, and send taxes across any financial stack with Anrok. The company has added a reconciliation tool, sophisticated tax exemption certificate management, and support for VAT and GST compliance in all nations that impose taxes on distant sales of software or digital goods to its platform throughout the last year. Michelle Valentine Will Ziesing Alem Abai Devon Watts Isabella Huther Adam Hahn Brad Silicani Mark Lugay Remy Balmain Tahirih Skolnik Read more - https://lnkd.in/gXtiRZhD To share your startup story write us on - contact@startuprise.io #Anrok #taxsolution #VAT #GST #funding #startupnews #fundingnews #startupnews #startuprise

We are happy to announce our successful $12M Series A funding round, as featured on Global Trade Review (GTR)! The round was led by IDC Ventures, with additional participation from BID Lab, Barn Investimentos, SquareOne Capital, Arcadia Funds, LLC, Florida Funders, Miami Angels, Kayyak Ventures, and Neer Venture Partners, among others. Since our launch in 2020, Marco has been dedicated to revolutionizing LatAm SME trade finance. With over $500M in cumulative volume funded, we're proud to empower SME exporters across Latin America with our innovative platform. This milestone marks a significant step in our journey towards closing the $350 billion trade financing gap in Latin America. “We are supercharging SMEs in trade and ultimately creating an economy that works for everyone."- Jacob Shoihet, co-founder & CEO of Marco. “By centralizing operations and democratizing access to capital, Marco is not just facilitating business growth; it's profoundly impacting lives by catapulting an entire region and industry into the digital age. Backed by an exceptional team and a clear vision for a better future, Marco shines as a beacon of welcome disruption, and we're excited to support its journey.”- Bobby Aitkenhead, Managing Director of IDC Ventures Special thanks to our incredible team, partners, and mentors for their dedication and support! As our co-founder & COO, Peter D. Spradling, puts it: "Together we are changing the risk perception associated with SMEs and shaping the future of cross-border trade enabling companies to streamline operations and invest in growth." 🌐🚀 🔗 https://lnkd.in/d7TTZBfM #SeriesA #TradeFinance #LatinAmerica #SMEs #fintechnews #startupnews #GlobalTradeReview

Congratulations to marco on securing a $12 million Series A funding! This investment accelerates Marco's mission to bridge Latin America's trade finance gap, where SMEs face challenges due to limited financing and outdated workflows amid surging demand for US nearshoring.    Led by IDC Ventures, with significant participation from Arcadia Funds, LLC, Barn Investimentos, Florida Funders, and others, this round further endorses Marco's transformative vision for the region and industry. Marco's growing suite of digital products, including supply chain finance, factoring, asset-based lending, and a newly introduced US global accounts product, are specifically tailored to address the unique, evolving needs of Latin American SMEs, enhancing their financial autonomy while seamlessly propelling them into the digital era.   Marco's dedication to fostering economic growth and inclusivity in Latin America positions it as a beacon of positive disruption, and we are incredibly excited to be a part of their journey.   #Marco #IDCV #FintechInnovation #SeriesAFunding #TradeFinance #Nearshoring   Special thanks to Jenny Messenger at Global Trade Review (GTR) for highlighting this significant achievement.

Congratulations to marco and great work Damian Sandler and the entire team for the drive and tenacity it took to get to this point! The information provided in this post is for educational and informational purposes only and is not intended to be investment advice or a recommendation. Struck has no obligation to update, modify, or amend the contents of this blog post nor to notify readers in the event that any information, opinion, forecast or estimate changes or subsequently becomes inaccurate or outdated. In addition, certain information contained herein has been obtained from third party sources and has not been independently verified by Struck. The company featured in this blog post is for illustrative purposes only, has been selected in order to provide an example of the types of investments made by Struck that fit the theme of this blog post and is not representative of all Struck portfolio companies. Struck Capital Management LLC is registered with the United States Securities and Exchange Commission (“SEC”) as a Registered Investment Adviser (“RIA”). Nothing in this communication should be considered a specific recommendation to buy, sell, or hold a particular security or investment. Past performance of an investment does not guarantee future results. All investments carry risk, including loss of principal.

Last week we saw 14 official fintech deals in Europe for a total amount of 218,7m€ raised with 5 deals in the UK, 4 in Germany, 1 in France, 1 in the Netherlands, 1 in Ireland, 1 in the Czech Republic, and 1 in Estonia. Congratulations to Solaris SE, the embedded finance platform, who has successfully raised €96 million in a Series F funding round led by SBI Group. Well done also to Greenly | Certified B Corp, a Paris-based company that provides tools for SMBs to track their carbon emissions, for having raised a €48 million Series B round. The new round, which includes some debt, was led by UK-based investor Fidelity International Strategic Ventures, with participation from VC Benhamou Global Ventures and Move Capital. Lastly, we want to extend our congratulations to bezahl.de (NX Technologies GmbH), a Cologne, Germany-based fintech company that operates the automotive payment management platform, who raised €22 million in Series B funding. The round was led by PayPal Ventures, with participation from Seaya Ventures, Walter Ventures, and existing investor Motive Ventures. Read the complete BlackFin Tech overview article for more info: https://lnkd.in/erwVgnNX Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #donedeal #financialtechnology #fintechindustry #fintechnews

Trump's tariff threats don't scare this Mexican fintech - Yahoo: Trump's tariff threats don't scare this Mexican fintech. Sean O'Kane. Sat, November 23, 2024 at 6:00 AM PST. 3 min read. Fintech startup Solvento co ... #finpeform #fintech

Groov secures a $1.5 million seed round for its embedded lending platform for SMEs #Groov, an embedded #lending #fintech platform focused on empowering SMEs, has successfully closed a £1.5 million seed funding round led by Fuel Ventures 🚀, with support from aperture.co and select industry-focused angel investors. Founded by CEO Mark Hazzard, Groov is redefining capital access for small and medium-sized businesses through its advanced lending API, which integrates seamlessly within business platforms to deliver flexible financing options precisely when needed. With this new investment, Groov aims to accelerate the development of its embedded lending solutions, expanding options and improving approval rates for SMEs. The funding will also support the launch of new products, including a merchant cash advance offering, and drive the growth of a multi-regional lending network, broadening Groov’s reach across diverse markets. At the core of Groov’s approach is a customer-centric, flexible SaaS model that provides SMEs with access to a range of financial products through an embedded gateway, ensuring competitive terms and enhanced acceptance rates. CEO Mark Hazzard notes that this funding validates Groov’s vision to make capital accessible to SMEs on their own terms, creating a powerful resource for growth and operational resilience. This latest funding positions Groov as a key player in the embedded finance landscape, dedicated to advancing #SME financial inclusion. The article on FinTech Global in the first comment.

Italian fintech Muffin closes €3.2 million Pre-Seed round #Muffin, a Turin-based #fintech startup focused on facilitated finance with integrated AI solutions, has successfully closed a €3.2 million pre-seed funding round. This significant milestone is set to accelerate Muffin's mission to simplify and optimize access to tax incentives through advanced technology. Muffin was founded in 2022 by Michele Bonelli, Lorenzo Maternini, Fabio Sferruzzi (Feat. Ventures), and Matteo Gallo. The leadership team combines deep expertise in finance, technology, and business development, positioning Muffin for rapid growth and innovation. The round saw participation from notable investors including Victor Massiah, Francesco Guarneri, Alessandro Messina, Guido Frisiani, Giancarlo Pozzoli, Leonardo Quattrucci, and Simone Severini. Their support underscores the confidence in Muffin’s vision and potential. Muffin aims to become the leading platform in the facilitated finance market, which is valued at over €100 billion every seven years in Italy alone. The startup uses AI to streamline the process of accessing financial incentives, providing innovative solutions to market players seeking facilitated financial support. Looking ahead, Muffin plans to significantly grow its revenue, targeting over €1.2 million by the end of 2024. Since launching in June 2023, the company has been focused on enhancing its platform to establish itself as an essential tool for businesses and consultants. The team, which currently includes 30 members and a network of over 200 consultants, is working on integrating services to simplify the management of business investment projects. This includes tailored financing, insurance policies, and a network of qualified providers. CEO Michele Bonelli emphasized, "Our goal is to create an ecosystem where technology and expertise combine to offer impactful and innovative solutions. We aim to make the process more accessible, efficient, and transparent, allowing businesses to focus on growth and innovation." This new funding will undoubtedly propel Muffin towards achieving its ambitious goals, driving innovation and financial inclusivity in Italy’s fintech landscape. Stay tuned for more updates as Muffin continues to revolutionize facilitated finance with cutting-edge AI technology. The article on StartupItalia in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

We are pleased to welcome Janos Barberis, a visionary in the FinTech space, as he joins the Industry Council of CFTE! 🚀 Janos Barberis, Co-Founder of SuperCharger Ventures, is a dynamic leader who skillfully combines academic rigour with entrepreneurial spirit. He has a proven track record in the FinTech industry, having been named the 32nd Most Powerful Dealmaker globally by Institutional Investors in 2018 and the 13th top legal scholar worldwide by SSRN the same year. His efforts have significantly impacted Tier-1 financial institutions, driving innovation through over 400 B2B partnerships with cutting-edge technology startups. The startups under his accelerator have collectively raised over US$500 million, consistently earning recognition as global leaders in FinTech. At CFTE, we are dedicated to building the future of finance by fostering continuous growth and development. We’re proud to have Janos as a Member of the Industry Council of the Centre for Finance, Technology, and Entrepreneurship (CFTE). His expertise and innovative insights will be crucial in driving forward our initiatives and equipping professionals with the skills necessary to lead in the financial sector. Explore Janos Barberis’s contributions to FinTech and his impact on the industry with 👉 https://lnkd.in/dGpvTFVu #CFTE #industry #council #technology #fintech #finance #CFTExIndustryCouncil Huy NGUYEN TRIEU, Tram Anh Nguyen, Matthew Gamser, Ronit Ghose, Claire Calmejane, Olivier Crespin, Michael O'Loughlin ☘️, Janos Barberis, CFTE Asia, CFTE Middle East, Paloma Nisola, CFTE Community News