ICYMI fintech funding round-up: Kiwi, Green-Got, Moonsense & more
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
Indian credit card platform Kiwi has raised $6 million in pre-seed funding from Nexus Venture Partners, Stellaris Venture Partners, and angel investors.
The start-up has also launched its “Credit on UPI” solution for customers, issuing Rupay credit cards in partnership with a number of banks in the country. Through its mobile app, it also offers users the ability to make payments either through a credit card or bank account.
The Kiwi app is expected to go live in mid-May, and the company website is currently accepting waitlist applications.
Sustainable French neobank Green-Got has raised €5 million in fresh funding.
Green-Got raises funds
The total includes €2 million from crowdfunding and another €3 million in venture capital led by climate tech VC Pale Blue Dot.
Green-Got plans to use the funding to invest in “high-impact projects” such as afforestation and preservation of forest ecosystems, cleaning oceans from plastic pollution, and developing renewable energy where it is most needed.
It also plans on pumping money towards its European expansion, eyeing countries like Belgium to extend its offerings.
Founded in 2020, Green-Got offers an online payment and savings account to pay anywhere in the world with a card made of natural wood or recycled plastic. It also offers an online carbon calculator for users to measure and control the CO2 emissions linked to their spending.
US-based fraud prevention fintech Moonsense has raised $4.2 million in seed funding.
The company has also launched publicly, making its user behaviour and network intelligence solution available to help companies “future-proof” their fraud detection and prevention capabilities.
The seed funding was co-led by XYZ Ventures and Race Capital with participation from TheGP, Foothill Ventures, and individual investors. The funding will be used to fuel its operations.
UK digital account provider Frost has raised a total of £1.87 million on crowdfunding platform Seedrs.
Over a four-week period, the Manchester-based start-up saw 184 investors participate in the campaign.
The company provides Visa debit cards for payments and its platform enables users to get a better grip on their financial in-goings and out-goings. It also offers an “intelligent” Save Assist feature that leverages data to help users save on essential household bills.
Indian EV financing platform Ohm Mobility has raised $366,000 in a pre-seed funding round led by Antler India.
The latest round also saw participation from Blume Founders Fund and other angel investors.
Founded in 2020, Ohm is building a platform to connect electric vehicle (EV) buyers with capital providers. This is supplemented by a data stack that enables financiers to understand the asset and monitor their EV portfolio better.
With the funds, Ohm plans to build out its team and develop its technology platform and proprietary risk management tool.
