ICYMI fintech funding round-up: Tako, Zeplyn, Tranched, and 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 so you can get the latest funding news.
Tako bags $13.2 million seed funding
Tako, a Brazilian payroll fintech, has emerged from stealth with a $13.2 million seed round co-led by Ribbit Capital and Andreessen Horowitz with participation from ONEVC and the founders of Ramp.
Launched in 2023, Tako automates payroll and HR operations with modules for digital onboarding, vacation management, employee data updates, and offboarding.
Writing on LinkedIn, Tako says its platform “centralises all the data and processes of the employee’s journey — from admission to termination — with native integration with payroll”.
“This not only simplifies payroll administration, but also ensures reliable data, transforming Tako into an interactive database that allows quick and assertive decisions about people management by HR and finance,” the company adds.
In an interview with TechCrunch, founder and CEO Fernando Gadotti says that the funds raised in this round will primarily be allocated to research and development.
German data analytics firm big xyt has landed a €10 million investment from Dutch VC Finch Capital.
Founded in 2014, big xyt’s platform “collects, cleans, validates and stores” vast amounts of referential and tick data across financial markets, addressing a wide range of use cases including market structure analysis, execution analysis, and pre-trade, intra-trade, and post-trade transaction cost analysis (TCA).
The capital injection will be used to support product development and an upcoming recruitment drive in 2025, and will also help fuel the firm’s planned expansion across Europe, the US and APAC markets.
Zeplyn lands $3 million seed round
Zeplyn, an AI assistant for financial advisors headquartered in New York, US, has secured a $3 million seed funding round.
Founded in 2022 by former Google engineers Divam Jain and Era Jain, Zeplyn says it offers a “time-saving toolkit” for advisory firms.
The company’s flagship product, Zeplyn Meeting Assistant, streamlines the administrative tasks of managing workflows, updating CRMs, meeting preparation, note-taking, and client follow-ups.
The seed round was led by Leo Capital, with additional support from Massachusetts-based VC Converge and a consortium of angel investors.
London-based fintech start-up Tranched has bagged a $3.4 million pre-seed funding round spearheaded by Austrian VC firm Speedinvest.
The round also included additional participation from Blockwall, Kima, OVNI Capital, and Andressen Horowitz’s Crypto Start-up Accelerator (CSX) programme.
Founded in 2023, Tranched connects credit product originators with institutional investors through its on-chain embedded asset-based financing platform, which automates the process of “bundling loans into securities”.
The investment will support the further development of Tranched’s platform with additional functionalities for international markets, as the company looks to broaden its footprint across Europe and into new territories.
Mutual Vision, a technology provider for UK banks and building societies, has secured a “significant” undisclosed investment from Big Ideas Group, a London-based multi-family office.
Established in 2000, Mutual Vision, which recently integrated Mambu’s core banking engine, delivers solutions for managing savings accounts, customer loans, branch teller operations, and loan application portals for intermediaries.
The company says that the cash injection will be used to “accelerate our product roadmap and expand our suite of digital solutions”.
