Fintech frenzy: Marco, Zone, Copilot, Flowpay funding news roundup

March 22, 2024
1 min read

TLDR: ICYMI Fintech Funding Round-up

  • Marco raises $12m Series A funding to serve SME exporters in Latin America
  • Zone, an African blockchain start-up, secures $8.5m seed funding to expand cross-border capabilities

At FinTech Futures, the latest funding news in the fintech industry is summarized in the weekly In Case You Missed It (ICYMI) funding round-up. Some key highlights from this week’s round-up include:

Miami-based Marco, a trade finance platform focusing on SME exporters in Latin America, has raised $12 million in a Series A funding round led by IDC Ventures. The funding will help the company address the trade financing gap in the region and strengthen its ESG efforts.

African blockchain start-up Zone, headquartered in Lagos, Nigeria, has secured $8.5 million in seed funding to expand its cross-border capabilities and establish connections with additional banks and financial services companies.

US budgeting app Copilot has received $6 million in Series A funding led by VC Adjacent to fuel its AI and product development ambitions in the personal finance space, following the closure of Mint.

Indian start-up TapFin has raised $4 million in a seed round to enhance its financing solutions, insurance, and market linkage services for MSME start-ups focused on sustainability.

Czech embedded software provider Flowpay has received €2.1 million in seed funding to expand outside the Czech Republic and enhance its SME product offerings, providing faster access to finance for SMEs.

UK-based digital compliance and AML software vendor SmartSearch has secured an undisclosed equity investment from Triple Private Equity, enabling it to navigate regulatory demands around AML compliance and customer due diligence.

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