ICYMI fintech funding round-up: Giraffe, eflow Global, Galaxy Ventures & 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) fintech funding round-up for you to get the latest funding news.

Giraffe, the impact investing platform designed for employees, has secured $10.5 million in a seed funding round led by Group 11, with additional participation from Altair Capital and a few angel investors.

Launched in 2021, the New-York based fintech offers an investment platform that employers can use to compensate employees with investment vouchers. These vouchers can be redeemed against the stock of companies that promote various sustainable agendas.

Giraffe intends to apply its seed funding to further develop its personalised indexing engine and due-diligence algorithm, as well as boost its presence in the US market.

UK-based eflow Global has raised £7 million in a Series A funding round led by Finch Capital and supported by Atempo and ScaleUp Group partners.

eflow raises £7m

Since 2004, the regtech scale-up has connected financial firms with software solutions that assist them in abiding by compliance requirements. This includes software for market abuse surveillance, transaction-cost analysis, transaction reporting and e-commerce surveillance.

Having transitioned to a cloud-based Software-as-a-Service (SaaS) model back in 2021, the company plans to use its new funding to “fuel an exhaustive period of research and development” as it gears up to release a range of new products and solutions within the next two years.

Funds will also be used to promote its expansion into Asia-Pacific and North America.

Galaxy Ventures has landed a €3.5 million investment from Swiss private equity firm Andromeda Capital Partners Suisse AG.

The Austria–based fintech group is the holding company behind the trading platform AgenaTrader and the social trading network TradersYard.

According to the group’s official announcement, its latest investment marks a “significant milestone” for the two companies, and will aid them during their “transformative journey to redefine the trading landscape”.

For AgenaTrader, this transformation will include the expansion of its technology partnerships and the introduction of competitive fee structures and product enhancements.

Likewise, the investment will allow TradersYard to further develop its product offering and boost its marketing initiatives.

UK-based fintech Bloom Money has received £1 million in a pre-seed investment round led by Zinal Growth, with additional participation from Pact, January Ventures and Octopus.

Bloom Money raises £1m

Angel investors Dr Fiona Pathiraja, Steve O’Hear, Bérénice Magistretti, June Angelides and Dominic Campbell were also involved in the raise.

Bloom Money offers a savings club app that has been specifically tailored to underserved minority communities in the UK.

Its operations promote a model which is often known as a rotating savings and credit association (ROSCA), which is when people from a certain community come together in an informal setting to act as their own bank. In this, the group collects and saves money that other members can then withdraw.

The company indicates that the new funding will be used “to digitise an informal financial management system employed by ethnic communities across the world”.

London-based fintech start-up SuperFi has amassed $1 million through a pre-seed funding round led by UK seed fund Ascension and its impact fund, Fair By Design.

The round also included participation from Force Over Mass and “a number of other prominent investors”.

SuperFi offers a debt prevention platform which provides users with a complete overview of their current debts. It analyses the financial and personal position of each user and offers them access to the most appropriate debt prevention tools and services for their exact needs.

It claims to have the potential to save users £130 million in debt repayment costs by 2028.

The company’s new funding will be used to “support authorisation via the FCA’s innovation sandbox and launch partnerships with London boroughs”.

In the future, it hopes to extend the platform to other areas in the UK.